Ovintiv(US:OVV)2025-07-25 14:00Financial Performance & Outlook - 2Q25 Free Cash Flow was $392 million[26] - FY25E Free Cash Flow is projected at approximately $1.65 billion, yielding a Free Cash Flow Yield of approximately 16% (assuming $60/bbl WTI and $3.75/MMBtu NYMEX)[12, 34] - Net Debt was $5.313 billion as of June 30, 2025, with an expectation to reduce it below $5 billion by YE25[14] - The company anticipates approximately 25% Cash Flow per Share growth from FY21 to FY24[22] Production & Capital Efficiency - 2Q25 Oil & Condensate Production reached 211 Mbbls/d[27] - The company has a maintenance level of approximately 205 Mbbls/d of oil & condensate and approximately 1,850 MMcf/d of gas[11] - FY25 capital expenditure guidance was lowered by $50 million[17, 51] Inventory & Strategy - The company possesses 10-20 years of premium oil inventory in each asset (Permian, Montney, and Anadarko) and over 20 years of natural gas inventory[13] - The company is implementing a cube development strategy to preserve inventory and improve resource recovery[17, 52, 56] - The company is diversifying Montney natural gas exposures, with less than 20% exposed to unenhanced AECO in '26-'28[43] Shareholder Returns - Cumulative shareholder returns since 3Q21 exceed $3.3 billion, representing over 30% of the current market capitalization[38] - Planned buybacks in 3Q25 are $158 million, based on 2Q25 Free Cash Flow[38]