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Ovintiv Inc. (NYSE: OVV) is a leading North American energy company focused on hydrocarbon exploration, production, and strategic asset management across key basins in the United States and Canada. This page provides investors and industry professionals with a centralized source for Ovintiv's latest news, including press releases, financial reports, and operational updates.
Access real-time announcements covering earnings results, strategic initiatives, regulatory developments, and technological advancements in upstream operations. The curated collection ensures stakeholders stay informed about Ovintiv's multi-basin portfolio performance and market positioning.
Key updates include quarterly earnings disclosures, partnership announcements, production milestones, and sustainability initiatives. Content is organized for clarity and ease of navigation, offering both high-level summaries and detailed technical updates.
Bookmark this page for streamlined access to Ovintiv's official communications and third-party analyses. Check back regularly to monitor the company's progress in optimizing hydrocarbon recovery and maintaining operational efficiency across its North American assets.
Ovintiv Inc. (NYSE: OVV) (TSX: OVV) has announced its plans to hold its third quarter 2024 results conference call on Friday, November 8, 2024, at 7:00 a.m. MT. The company will release its financial and operating results after market close on Thursday, November 7, 2024. Supplemental slides and financial statements will be available on the company's website at www.ovintiv.com.
Participants can join the conference call through automated registration or by dialing directly. The live audio webcast, including slides, will also be available on Ovintiv's website under Investors/Presentations and Events and will be archived for approximately 90 days. For more information, investors can contact (888) 525-0304 or investor.relations@ovintiv.com, while media inquiries can be directed to (403) 645-2252.
Ovintiv Inc. (NYSE: OVV) (TSX: OVV) has received regulatory approvals to renew its share buy-back program, consistent with its capital allocation framework. The Toronto Stock Exchange (TSX) has accepted Ovintiv's notice to renew its normal course issuer bid (NCIB) to purchase up to 25,920,545 common shares during the period from October 3, 2024, to October 2, 2025. This represents 10% of Ovintiv's public float as of September 20, 2024.
Purchases will be made on the TSX, NYSE, and other designated exchanges at market prices. Ovintiv has also renewed its automatic share purchase plan (ASPP) to allow purchases during blackout periods. Under the existing NCIB, Ovintiv has purchased 12,747,485 common shares at a weighted average price of US$46.44 per share.
Ovintiv reported strong Q2 2024 financial results with net earnings of $340 million and cash from operating activities at $1.02 billion.
Production was at the high-end of guidance with average volumes at 594 MBOE/d. The company raised its full-year production guidance to 570-580 MBOE/d and narrowed capital guidance to $2.25-$2.35 billion.
Ovintiv returned $262 million to shareholders through dividends and buybacks, and expects to generate $1.9 billion in Non-GAAP Free Cash Flow for 2024, a 60% increase YoY. The company maintains a strong balance sheet with $3.1 billion in liquidity.
Key guidance updates: Q3 production expected to be 565-580 MBOE/d, oil and condensate at 207-209 Mbbls/d, and natural gas at 1,660-1,690 MMcf/d.
Ovintiv plans substantial investments across its assets, including $1.35-$1.45 billion in Permian and $425-$475 million in Montney for 2024.
Ovintiv (NYSE: OVV, TSX: OVV) will hold its Q2 2024 results conference call on July 31, 2024, at 8:00 a.m. MT. Financial and operating results will be released after market close on July 30, 2024. Supplemental slides and financial statements will be available on the company's website. To participate in the call, register via https://emportal.ink/3tYoHEZ for an automated callback or dial 888-664-6383 (North America) or 416-764-8650 (international) 15 minutes prior. A live webcast and archived audio will be accessible on Ovintiv's website for 90 days.
Ovintiv Inc. reported strong first quarter 2024 financial and operating results, including net earnings of $338 million, cash from operating activities of $659 million, and Non-GAAP Free Cash Flow of $444 million. Production volumes were above guidance, with plans to increase full-year production. The Company returned $328 million to shareholders through dividends and buybacks. Ovintiv maintains a strong balance sheet and investment grade rating. The release also highlighted the 2023 Sustainability Report, emphasizing environmental and social responsibility achievements.
Ovintiv Inc. announced the results of its 2024 Annual Meeting of Shareholders, where all directors listed in the Proxy Statement were elected. The advisory vote for executive officer compensation was also disclosed, along with the ratification of PricewaterhouseCoopers LLP as independent auditors.
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