Ovintiv (OVV) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

Core Insights - Ovintiv reported revenue of $2.15 billion for the quarter ended December 2025, a decrease of 1.9% year-over-year, with an EPS of $1.39, up from $1.35 in the previous year [1] - The revenue exceeded the Zacks Consensus Estimate of $1.95 billion by 10.21%, while the EPS surpassed the consensus estimate of $0.98 by 42.46% [1] Financial Performance - Ovintiv's shares have returned +23.3% over the past month, outperforming the Zacks S&P 500 composite's +1.8% change [3] - The company currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3] Production Volumes - Total production volumes of oil and plant condensate reached 208.7 million barrels, exceeding the six-analyst average estimate of 208.02 million barrels [4] - NGLs-Other production totaled 97.2 million barrels, surpassing the average estimate of 95.53 million barrels [4] - Total production volumes amounted to 623.4 million barrels of oil equivalent, slightly above the six-analyst average estimate of 619.89 million barrels of oil equivalent [4] - Natural gas production was reported at 1905 million cubic feet, closely matching the average estimate of 1905.97 million cubic feet [4] - Oil production totaled 140.9 million barrels, exceeding the three-analyst average estimate of 139.91 million barrels [4] - NGLs production reached 165 million barrels, above the average estimate of 163.81 million barrels [4] - Combined oil and NGLs production was 305.9 million barrels, compared to the three-analyst average estimate of 303.71 million barrels [4] - Canadian operations produced 304.6 million barrels of oil equivalent, slightly below the average estimate of 306.89 million barrels [4] - USA operations produced 318.8 million barrels of oil equivalent, exceeding the average estimate of 314.16 million barrels [4] Revenue Breakdown - Revenues from Canadian operations were $747 million, surpassing the average estimate of $706.65 million and reflecting a year-over-year increase of 17.3% [4] - Revenues from USA operations were $1.36 billion, significantly lower than the average estimate of $1.2 billion, representing a year-over-year decline of 51.7% [4] - Corporate and other revenues were reported at $36 million, compared to the average estimate of -$42.16 million, indicating a year-over-year change of -164.3% [4]