Ovintiv (OVV) Q1 Earnings Beat Estimates, Revenues Miss

Ovintiv Inc. (OVV) reported first-quarter 2024 adjusted earnings per share (EPS) of $1.44, which beat the Zacks Consensus Estimate of $1.32. The beat can be attributed to lower expenses year over year. However, the bottom line declined from the year-ago level of $1.82 per share.Total revenues of $2.4 billion decreased 7.8% from the year-ago quarter’s figure and missed the Zacks Consensus Estimate by 9.9%.  This was due to a year-over-year decline in revenues from products and services. OVV’s board of direct ...