Ovintiv(OVV)
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Ovintiv(OVV) - 2024 Q3 - Earnings Call Transcript
2024-11-08 17:43
Start Time: 09:00 January 1, 0000 9:32 AM ET Ovintiv Inc. (NYSE:OVV) Q3 2024 Results Conference Call November 08, 2024, 09:00 AM ET Company Participants Brendan McCracken - President and CEO Corey Code - EVP and CFO Greg Givens - EVP and COO Jason Verhaest - IR Conference Call Participants Gabe Daoud - TD Cowen Neal Dingmann - Truist Securities Neil Mehta - Goldman Sachs Doug Leggate - Wolfe Research Kalei Akamine - Bank of America Arun Jayaram - JPMorgan Geoff Jay - Daniel Energy Partners Operator Good day ...
Ovintiv (OVV) Q3 Earnings and Revenues Surpass Estimates
ZACKS· 2024-11-08 01:41
Ovintiv (OVV) came out with quarterly earnings of $1.85 per share, beating the Zacks Consensus Estimate of $1.09 per share. This compares to earnings of $1.74 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 69.72%. A quarter ago, it was expected that this energy company would post earnings of $1.22 per share when it actually produced earnings of $1.24, delivering a surprise of 1.64%.Over the last four quarters, the company has ...
Ovintiv(OVV) - 2024 Q3 - Quarterly Report
2024-11-07 22:09
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, 2024 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(OVV) - 2024 Q3 - Quarterly Results
2024-11-07 22:03
| --- | --- | |--------------------------------------------|----------------| | | | | | Exhibit 99.2 | | | | | Ovintiv Inc. | | | Selected Financial Information (unaudited) | | | For the period ended September 30, 2024 | | | U.S. Dollar / U.S. Protocol | | Condensed Consolidated Statement of Earnings | --- | --- | --- | --- | --- | --- | --- | --- | --- | |------------------------------------------------------------------------------|-------------|--------------------------|----------------|---------------- ...
Ovintiv Reports Third Quarter 2024 Financial and Operating Results
Prnewswire· 2024-11-07 22:00
Full Year Production Guidance Increased; Strong Operational Execution and Debt Reduction ContinueHighlights: Generated net earnings of $507 million, cash from operating activities of $1,022 million, Non-GAAP Cash Flow of $978 million and Non-GAAP Free Cash Flow of $440 million after capital expenditures of $538 million Third quarter production was above the high-end of the guidance range on every product with average total production volumes of 593 thousand barrels of oil equivalent per day ("MBOE/d"), inc ...
Earnings Preview: Ovintiv (OVV) Q3 Earnings Expected to Decline
ZACKS· 2024-10-31 15:06
Wall Street expects a year-over-year decline in earnings on lower revenues when Ovintiv (OVV) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on November 7. On ...
Ovintiv to Host its Third Quarter 2024 Results Conference Call and Webcast on November 8, 2024
Prnewswire· 2024-10-11 17:14
DENVER, Oct. 11, 2024 /PRNewswire/ - Ovintiv Inc. (NYSE: OVV) (TSX: OVV) today announced plans to hold its third quarter 2024 results conference call at 7:00 a.m. MT, on Friday November 8, 2024. The Company plans to release its financial and operating results after market close, Thursday November 7, 2024. In addition to the release, supplemental slides and financial statements will be available on the Company's website, located at www.ovintiv.com. To join the conference call without operator assistance, you ...
Ovintiv to Pay $5.5M in Civil Penalty Over Clean Air Act Violations
ZACKS· 2024-10-08 15:15
Ovintiv Inc. (OVV) , a Denver-based oil and gas company, has reached a settlement agreement with the U.S. environmental and justice officials over alleged violations of the Clean Air Act. The company has been asked to implement remediation measures as part of the settlement agreement and pay a civil penalty for the alleged breaches. Emissions Linked to OVV's Production Facilities Per a statement by the U.S. Environmental Protection Agency ("EPA"), the United States and the state of Utah have jointly sued Ov ...
Should You Buy Ovintiv Stock Amid Attractive Valuation or Hold?
ZACKS· 2024-10-01 12:45
Ovintiv Inc. (OVV) is currently considered undervalued, trading at a 3.37x trailing 12-month enterprise value to earnings before interest, taxes, depreciation and amortization (EV/EBITDA), which is below the broader industry average of 4.58x. Image Source: Zacks Investment Research Ovintiv makes money by finding, extracting and selling oil and natural gas, as well as transporting and processing these resources. While a discounted valuation can indicate a buying opportunity, this is important to assess wheth ...
Ovintiv Renews Annual Share Buy-Back Program
Prnewswire· 2024-09-26 21:05
Company Receives TSX Approval for Renewal of Normal Course Issuer Bid DENVER, Sept. 26, 2024 /PRNewswire/ - Ovintiv Inc. (NYSE: OVV) (TSX: OVV) today announced it has received regulatory approvals for the renewal of its share buy-back program. This action is consistent with the Company's capital allocation framework, which returns at least 50 percent of post base dividend Non-GAAP Free Cash Flow to shareholders. The Toronto Stock Exchange ("TSX") has accepted Ovintiv's notice of intention to renew its norma ...