UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 001-39191 Ovintiv Inc. (Exact name of registrant as specified in its charter) Delaware 84-4427672 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Iden ...

Financial Data and Key Metrics Changes - Ovintiv reported significant financial results for Q3 2021, with a focus on revenue growth and profitability metrics [1][2][3] Business Line Data and Key Metrics Changes - The company highlighted performance across its various business lines, indicating improvements in operational efficiency and production levels [1][2] Market Data and Key Metrics Changes - Ovintiv discussed market conditions affecting its operations, including commodity price fluctuations and demand trends in the energy sector [1][2] Company Strategy and Development Direction and Industry Competition - The management outlined strategic initiatives aimed at enhancing shareholder value and maintaining competitive positioning within the industry [1][2] Management Comments on Operating Environment and Future Outlook - Management provided insights into the current operating environment, emphasizing resilience and adaptability in the face of market challenges [1][2] Other Important Information - The call included a reminder about the forward-looking statements and the importance of reviewing the advisory notes provided in the presentation [1][2] Q&A Session Summary Question: What are the expectations for future revenue growth? - Management indicated optimism regarding revenue growth driven by market recovery and strategic initiatives [1][2] Question: How is the company addressing operational challenges? - The company is implementing measures to enhance operational efficiency and mitigate risks associated with market volatility [1][2]

3Q21 Results Conference Call 1 ْ ⁄ ⁄ ⁄ ⁄ Ovintiv $480 MM $1,370 MM FCFŦ YTD21 2 3Q21 Execution Driving Value Creation 4Q Shareholder Returns $148 MM In action TODAY on shareholder returns $37 MM base dividend + $111 MM Additional Returns Strong FCFŦ Generation Continued Debt Reduction Disciplined Capital Spend $409 MM 3Q21 Net DebtŦ $4.8B ~$2.1B net debt reduction YTD21 $365 MM No erosion to capital efficiency from Inflation in 3Q21 FY21 Capex guidance remains $1.5B Ŧ Non-GAAP measures defined in advisories ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 001-39191 Ovintiv Inc. (Exact name of registrant as specified in its charter) Delaware 84-4427672 (State or other jurisdiction of incorporation or organization) ( ...

Ovintiv Inc. (NYSE:OVV) Q2 2021 Earnings Conference Call July 28, 2021 9:30 AM ET Company Participants Jason Verhaest - Investor Relations Doug Suttles - Chief Executive Officer Corey Code - Chief Financial Officer Greg Givens - Chief Operating Officer Brendan McCracken - President Conference Call Participants Neil Mehta - Goldman Sachs Arun Jayaram - JPMorgan Securities LLC Josh Silverstein - Wolfe Research, LLC Brian Downey - Citigroup Jeoffrey Lambujon - Tudor, Pickering, Holt & Co. Greg Pardy - RBC Capi ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 001-39191 Ovintiv Inc. (Exact name of registrant as specified in its charter) Delaware 84-4427672 (State or other jurisdiction of incorporation or organization) (I.R.S ...

2Q21 Results Conference Call 1 ْ ⁄ ⁄ ⁄ ⁄ Ovintiv Ovintiv is Delivering Across the Board 2 Substantial Free Cash Flow Increasing Shareholder Returns Significant Debt Reduction Operational Excellence Leading Capital Efficiency Culture of Innovation Substantial Free Cash Flow Generation | --- | --- | |---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------- ...

Financial Performance - Ovintiv reported net earnings of $309 million in 1Q21[2] - The company generated $540 million in free cash flow during 1Q21[4] - Ovintiv expects 2021 to be the fourth consecutive year of free cash flow generation[5] - The company achieved a $156 million cash tax recovery in 1Q21[5] Capital Expenditure and Debt Reduction - The company reiterated its FY21 capex guidance of $1.5 billion[5] - Ovintiv exceeded its divestiture target with over $1.1 billion in asset sales[7,8] - The company is accelerating debt reduction, targeting $4.5 billion in debt by 1H22[7,8] - YE21 debt is projected to drop to approximately $4.7 billion at $60/bbl WTI oil[8] Production and Efficiency - 1Q21 crude and condensate production averaged 198 Mbbls/d[5] - Natural gas production in 1Q21 was 1,576 MMcf/d[5] - NGLs (C2-C4) production in 1Q21 was 78 Mbbls/d[5] - The company is reaffirming its $1.5 billion FY21 capex guidance despite inflationary pressures, due to innovation and efficiencies[11] - The company is maintaining its crude and condensate production guidance at approximately 190 Mbbls/d post asset sales[7,66] - The company is targeting a 33% reduction in methane intensity by 2025[26,54] - Flared and vented gas was less than 0.40% of sales gas in 1Q21[7,55]

Financial Data and Key Metrics Changes - In Q1 2021, the company reported net earnings of $309 million, total cash flow of $890 million, and free cash flow of $540 million, which included a cash tax recovery of $156 million [10] - The company reduced its debt by $467 million during the quarter, ending with a total debt target of $4.5 billion and liquidity of $3.8 billion [13][15] - Capital investments for the quarter were $350 million, lower than forecasted, with a full-year capital program of $1.5 billion [11] Business Line Data and Key Metrics Changes - The company maintained crude and condensate production volumes of 198,000 barrels per day, in line with the full-year target of 200,000 barrels per day [12] - Year-to-date well costs in core assets were approximately 12% lower compared to 2020, with significant operational efficiencies achieved [25] Market Data and Key Metrics Changes - The company expects to generate free cash flow of about $1.5 billion in 2021 based on a $50 WTI oil price and a $2.75 NYMEX gas price [15] - The company anticipates its full-year crude and condensate production to average approximately 190,000 barrels per day, factoring in asset sales [16] Company Strategy and Development Direction - The company is focused on debt reduction, maximizing efficiencies, and maintaining business scale as key priorities for 2021 [8] - The company aims for a leverage target of 1.5x net debt-to-adjusted EBITDA or lower, with a reinvestment rate of less than 75% [21] - The company is committed to industry-leading ESG performance, focusing on reducing emissions and utilizing technology for operational improvements [38] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to deliver on the 2021 plan, citing proactive measures taken during the pandemic that positioned the company well for recovery [9] - The company is optimistic about the future, expecting to reach its debt target in the first half of next year and generate significant free cash flow [15][19] Other Important Information - The company has closed the sale of its Duvernay asset and expects the Eagle Ford sale to close later in the quarter, with proceeds directed towards debt repayment [14] - The company has implemented a wet sand facility in Howard County, which is expected to reduce completion costs and CO2 emissions significantly [29][30] Q&A Session Summary Question: Discussion on capital return options post-debt reduction - Management emphasized the need to reach the $4.5 billion debt target before discussing capital return options, highlighting the importance of a sustainable base dividend [44][46] Question: Asset allocation towards SCOOP region - Management confirmed ongoing efficiency improvements in the SCOOP region, with a focus on unlocking new locations while managing costs effectively [48][49] Question: Capital spending guidance for 2021 - Management indicated it is too early to adjust capital guidance, noting that operational efficiencies are expected to offset inflationary pressures [54][56] Question: Experience with Simul-Frac technology in Montney - Management reported positive results from Simul-Frac technology, leading to reduced cycle times and improved well performance [58][60] Question: Metrics for determining the right base dividend level - Management stated that the base dividend must be sustainable and consistent through market cycles, with ongoing assessments being conducted [65][66] Question: Consideration of further asset sales - Management clarified that any asset sales must make strategic sense, and the current portfolio is deemed appropriate for maximizing shareholder value [68][69]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 001-39191 Ovintiv Inc. (Exact name of registrant as specified in its charter) Delaware 84-4427672 (State or other jurisdiction of incorporation or organization) (I.R. ...