Ovintiv Inc. (OVV) , a leading oil and gas exploration and production company based in Denver, is reportedly considering a sale of its operations in the Uinta Basin. According to Bloomberg, the transaction could fetch up to $2 billion. The company is currently working with an adviser to gauge buyer interest in the asset, signaling a strategic move that could reshape its portfolio. Let's delve into the details of the potential sale, the importance of the Uinta Basin assets and the broader implications for OV ...

Jonathan Knowles/DigitalVision via Getty Images Ovintiv Inc. (NYSE:OVV) recently raised its full-year production guidance in 2024, and showed an impressive business growth in the last decade. From asset growth to FCF growth and debt reduction, everything seems to indicate that OVV has proven expertise in the industry. I would be expecting new well improvement from multi-frac technology Simulfrac and Trimulfrac, which may have a beneficial effect on free cash flow growth. Besides, recent announcements about ...

Ovintiv Inc. (OVV) reported second-quarter 2024 adjusted earnings per share (EPS) of $1.24, which beat the Zacks Consensus Estimate of $1.22 and increased from the year-ago level of 93 cents. The outperformance can be attributed to higher oil price realization and successful year-over-year cost-control initiatives. The Denver, CO-based oil and gas exploration and production company's total revenues of $2.2 billion decreased 13.3% from the year-ago quarter's figure and missed the Zacks Consensus Estimate by ...

Start Time: 10:00 January 1, 0000 11:01 AM ET Ovintiv Inc. (NYSE:OVV) Q2 2024 Earnings Conference Call July 31, 2024, 10:00 PM ET Company Participants Brendan McCracken - President and CEO Corey Code - EVP and CFO Greg Givens - EVP and COO Jason Verhaest - IR Conference Call Participants Neal Dingmann - Truist Securities Arun Jayaram - JPMorgan Josh Silverstein - UBS Neil Mehta - Goldman Sachs Douglas Leggate - Wolfe Research Gabe Daoud - TD Cowen Greg Pardy - RBC Capital Markets Roger Read - Wells Fargo Ka ...

| --- | --- | --- | --- | --- | --- | --- | --- | |-----------------|-------|-------|-------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | 2Q24 Results | | | | | | | | | Conference Call | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 1 | Forward Looking Statements This presentation contains forward-looking statements or information (collectively, "forward-looking statements") within the meaning of applicable securities legislation, including Section 27A of the Se ...

Ovintiv (OVV) came out with quarterly earnings of $1.24 per share, beating the Zacks Consensus Estimate of $1.22 per share. This compares to earnings of $0.93 per share a year ago. These figures are adjusted for nonrecurring items. Over the last four quarters, the company has surpassed consensus EPS estimates three times. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earn ...

Additional information on the Company's long-term incentive costs can be found in Note 17 to the Consolidated Financial Statements included in Part I, Item 1 of this Quarterly Report on Form 10-Q. Interest • Interest expense related to the senior unsecured notes issued in May 2023 ($21 million). partially offset by: Three months ended June 30, 2024 versus June 30, 2023 Six months ended June 30, 2024 versus June 30, 2023 Other (gains) losses, net, primarily includes other non-recurring revenues or expenses a ...

(1) Other Operations includes production volumes from plays that are not part of the Company's current focus. Production volumes associated with Bakken were included in USA Other Operations until the asset was divested on June 12, 2023. | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |------------------------------------------|---------------------------|-------------|-------|-------|-------|-------|-----------|--------------------|-------|-------| | Results by Play (continued) \n(averag ...

500 MMcf/d - ($1.08) Important information Non-GAAP Cash Flow is a non-GAAP measure defined as cash from (used in) operating activities excluding net change in other assets and liabilities, and net change in non-cash working capital. Non-GAAP Free Cash Flow is a non-GAAP measure defined as Non-GAAP Cash Flow in excess of capital expenditures, excluding net acquisitions and divestitures. Forecasted Non-GAAP Free Cash Flow assumes forecasted Non-GAAP Cash Flow based on price sensitivity of $80 WTI and $2.25 N ...

While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise. Revenues are expected to be $2.53 billion, up 0.5% from the year-ago quarter. Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts. The Zacks Earnings ESP c ...