Ovintiv Inc Stock Price, News & Analysis

Ovintiv Inc. (NYSE: OVV) has received regulatory approval to renew its share buy-back program, allowing the purchase of up to 22,287,709 common shares (10% of public float) from October 3, 2025, to October 2, 2026. The company has also renewed its automatic share purchase plan (ASPP).

Under the current program ending October 2, 2025, Ovintiv has already purchased 7,836,011 shares at an average price of US$38.80. The buyback aligns with Ovintiv's capital allocation framework, which returns at least 50% of post-base dividend Non-GAAP Free Cash Flow to shareholders.

Purchases will be made through TSX, NYSE, and other trading systems, with daily TSX purchases limited to 46,314 shares. The company has received an NCIB Exemption allowing up to 10% repurchases on U.S. marketplaces.

Ovintiv (NYSE: OVV) reported strong Q2 2025 financial results, generating $1,013 million in operating cash flow and $392 million in free cash flow. The company achieved net earnings of $307 million ($1.18 per share) and production of 615 MBOE/d, exceeding guidance across all products.

The company has reduced its full-year capital guidance by $50 million to $2.125-2.175 billion while increasing production guidance to 600-620 MBOE/d. Ovintiv returned $223 million to shareholders through dividends and buybacks, reduced net debt by $217 million, and maintained a strong balance sheet with a 1.2x Debt to Adjusted EBITDA ratio.

Ovintiv (NYSE: OVV) has scheduled its second quarter 2025 earnings conference call for July 25, 2025, at 8:00 a.m. MT. The company will release its financial and operating results after market close on July 24, 2025.

Investors can access the call through an automated registration system or dial in directly. Supplemental materials, including slides and financial statements, will be available on the company's website. The webcast will be archived for approximately 90 days on Ovintiv's website under the Investors/Presentations and Events section.

Ovintiv (NYSE: OVV) reported its Q1 2025 financial results, generating $873 million in operating cash flow and $387 million in free cash flow. The company achieved production of 588 MBOE/d, including 206 Mbbls/d of oil and condensate. Key developments include closing a $2.3 billion Montney assets acquisition and a $1.9 billion Uinta assets divestiture. Despite recording a net loss of $159 million due to a non-cash ceiling test impairment, Ovintiv maintained strong operational performance with capital investment of $617 million. The company resumed its share buyback program and declared a quarterly dividend of $0.30 per share. Ovintiv maintains a solid balance sheet with a Debt to EBITDA ratio of 1.6x and reaffirmed its 2025 full-year production guidance of 595-615 MBOE/d with capital investment of $2.15-2.25 billion.

Ovintiv Inc. (NYSE: OVV) held its 2025 Annual Meeting of Shareholders on May 1, 2025, where several key matters were voted upon. All eleven nominated directors were successfully elected with strong approval ratings, with most receiving over 95% of votes in favor. The company's shareholders also approved other significant measures including: a non-binding advisory vote on executive compensation (93.96% approval), the Third Amendment to the Omnibus Incentive Plan (96.98% approval), and the ratification of PricewaterhouseCoopers LLP as independent auditors (96.24% approval). Notable directors elected include Peter A. Dea, Brendan M. McCracken, and Terri G. King, with King receiving one of the highest approval ratings at 99.81%.

Ovintiv Inc. (NYSE: OVV) (TSX: OVV) has scheduled its first quarter 2025 financial results announcement. The company will release its financial and operating results after market close on Tuesday, May 6, 2025, followed by a conference call at 8:00 a.m. MT on Wednesday, May 7, 2025.

Investors can access the conference call through automated registration or direct operator assistance. Supplemental materials, including slides and financial statements, will be available on the company's website. The live audio webcast and presentation slides will be accessible through Ovintiv's website under the Investors/Presentations and Events section and will remain archived for approximately 90 days.

Ovintiv reported strong financial results for 2024, with a 50% year-over-year increase in Non-GAAP Free Cash Flow. The company generated $3.7 billion in operating cash flow and $1.7 billion in free cash flow after $2.3 billion in capital expenditures.

Key operational highlights include average total production of 585 MBOE/d, including 211 Mbbls/d of oil and condensate. The company returned over $900 million to shareholders through dividends and buybacks. Two strategic transactions were completed: the acquisition of oil-rich Montney assets for $2.3 billion and the sale of Uinta assets for $2.0 billion.

For 2025, Ovintiv announced a capital program of $2.15-2.25 billion, targeting production of 595-615 MBOE/d. The company maintains strong financial health with a debt-to-EBITDA ratio of 1.3x and total liquidity of $3.6 billion as of December 31, 2024.

Ovintiv (NYSE: OVV) has completed its previously announced acquisition of Montney assets from Paramount Resources The transaction, valued at approximately $2.307 billion (C$3.325 billion), adds significant resources to Ovintiv's portfolio, including:

- 70 thousand barrels of oil equivalent per day of production
- 900 net 10,000 foot equivalent well locations
- 109,000 net acres of strategically located land near current Montney operations

The acquisition extends Ovintiv's premium Montney oil and condensate inventory life to approximately 15 years. Combined with the recently closed Uinta asset sale, the transaction is expected to increase 2025 Non-GAAP Free Cash Flow by approximately $300 million at current commodity strip pricing. The company realized losses of approximately $97 million associated with currency swaps used to manage Canadian dollar exchange risk.

Ovintiv Inc. (NYSE: OVV) has appointed Terri G. King as an independent member of its board of directors, effective January 31, 2025. King, 63, recently retired from ConocoPhillips where she served as Chief Commercial Officer and Vice President. Her extensive career at ConocoPhillips included roles as President of Lower 48, President of Europe & North Africa, President of United Kingdom, and General Manager of Global Production.

King holds a Bachelor of Science in engineering science from Trinity University and an MBA from the University of Houston. She is also a licensed Professional Engineer. This appointment represents Ovintiv's third new independent director in three years, demonstrating the company's ongoing board refreshment process.