Earnings summaries and quarterly performance for Ovintiv.
Executive leadership at Ovintiv.
Brendan McCracken
Detailed
Chief Executive Officer
CEO
Corey Code
Detailed
Executive Vice-President & Chief Financial Officer
Greg Givens
Detailed
Executive Vice-President & Chief Operating Officer
Meghan Eilers
Detailed
Executive Vice-President, Midstream & Marketing and General Counsel
Rachel Moore
Detailed
Executive Vice-President, Corporate Services
Board of directors at Ovintiv.
Research analysts who have asked questions during Ovintiv earnings calls.
Arun Jayaram
JPMorgan Chase & Co.
4 questions for OVV
Also covers: APA, AR, BKR +33 more
Neil Mehta
Goldman Sachs
4 questions for OVV
Also covers: AESI, APA, AR +36 more
Gabriel Daoud
Cowen
3 questions for OVV
Also covers: CHPT, CIVI, CNX +6 more
Kaleinoheaokealaula Akamine
Bank of America
3 questions for OVV
Also covers: AR, COP, CRC +8 more
Douglas George Blyth Leggate
Wolfe Research
2 questions for OVV
Also covers: APA, BP, COP +18 more
Doug Leggate
Wolfe Research
2 questions for OVV
Also covers: APA, AR, BP +21 more
Geoff Jay
Daniel Energy Partners
2 questions for OVV
Also covers: BKV, CHRD, CVX +4 more
Kevin MacCurdy
Pickering Energy Partners
2 questions for OVV
Also covers: AR, CHRD, CNX +13 more
Neal Dingmann
Truist Securities
2 questions for OVV
Also covers: APA, CHRD, CIVI +33 more
Phillips Johnston
Capital One Securities, Inc.
2 questions for OVV
Also covers: CHRD, COP, CRC +8 more
David Deckelbaum
TD Cowen
1 question for OVV
Also covers: ALB, ALTM, APA +17 more
Dennis Fong
CIBC World Markets
1 question for OVV
Also covers: BTE, CNQ, CVE +2 more
Greg Pardy
RBC Capital Markets
1 question for OVV
Also covers: BTE, CNQ, CVE +4 more
John Daniel
Daniel Energy Partners
1 question for OVV
Also covers: ACDC, CLB, CVEO +19 more
Josh Silverstein
UBS Group
1 question for OVV
Also covers: CIVI, CRC, CVX +4 more
Joshua Silverstein
UBS Group AG
1 question for OVV
Also covers: AR, CHRD, COP +9 more
Kalei Akamine
Bank of America
1 question for OVV
Also covers: COP, CRC, CRK +8 more
Phillip Jungwirth
BMO Capital Markets
1 question for OVV
Also covers: AR, CIVI, COP +17 more
Recent press releases and 8-K filings for OVV.
Ovintiv Signs Cedar LNG Capacity Agreement
OVV
New Projects/Investments
Product Launch
- Ovintiv Inc. has entered into a 12-year agreement with a subsidiary of Pembina Pipeline Corporation for 0.5 million tonnes per annum (mtpa) of liquefaction capacity at the Cedar LNG facility.
- This agreement, anticipated to commence in late 2028, will enable Ovintiv to export 0.5 mtpa of LNG, providing access to additional export markets.
- The partnership aims to expand market access and maximize the profitability of Ovintiv's Montney gas resource by supplying low-cost Canadian natural gas to overseas markets.
12 hours ago
Ovintiv Inc. Secures $1.2 Billion Term Loan for NuVista Acquisition
OVV
Debt Issuance
M&A
New Projects/Investments
- Ovintiv Inc., through its subsidiary Ovintiv Canada ULC, entered into a Two-Year Term Credit Agreement on November 25, 2025, establishing a term loan facility of up to $1.2 billion.
- The Term Loan Facility is designated to finance the acquisition by Ovintiv Canada of all outstanding common shares of NuVista Energy Ltd. not already owned by Ovintiv Canada.
- The facility is set to mature on the second anniversary of the Funding Date and features interest rates based on either Base Rate/Canadian Prime Rate (plus 0.0 to 100.0 basis points) or Term SOFR/Adjusted Term CORRA (plus 100.0 to 200.0 basis points), varying with Ovintiv's credit ratings.
- A key financial covenant in the agreement stipulates that Ovintiv's ratio of consolidated debt to consolidated capitalization must not exceed 60% as of the last day of each fiscal quarter.
Dec 1, 2025, 10:05 PM
Ovintiv Inc. Enters Arrangement Agreement to Acquire NuVista Energy Ltd.
OVV
M&A
Takeover Bid
- Ovintiv Inc. entered into an Arrangement Agreement with NuVista Energy Ltd. on November 4, 2025, for an acquisition.
- The Aggregate Consideration for the arrangement is $3,137,154,858, plus additional amounts for NuVista Shares issued from incentive exercises.
- The agreement includes a potential C$130 million termination fee payable by NuVista in certain circumstances, and a C$130 million reverse termination fee payable by Ovintiv Canada if regulatory approvals are not received.
- The transaction's Arrangement Outside Date is May 4, 2026, with a possible three-month extension if regulatory approvals are not obtained, and requires 66 2/3% approval from NuVista shareholders.
Nov 7, 2025, 10:09 PM
Ovintiv Announces Nuvista Acquisition, Anadarko Divestiture, and Strong Q3 2025 Results
OVV
M&A
Guidance Update
Share Buyback
- Ovintiv announced an agreement to acquire Nuvista Energy, which is expected to be immediately accretive, boost free cash flow per share by 10%, and deliver approximately 100,000 BOE per day from the acquired assets in 2026. The acquisition is also expected to generate $100 million in durable annualized free cash flow synergies.
- The company plans to commence a divestiture process for its Anadarko assets to accelerate debt reduction, aiming to be below its $4 billion debt target by the end of 2026.
- For Q3 2025, Ovintiv reported cash flow per share of $3.47 and free cash flow of $351 million, returning approximately $235 million to shareholders and reducing net debt by $126 million.
- Full-year 2025 guidance was revised upwards, expecting 10,000 BOE per day more production for $50 million less capital than originally planned, and a $75 million reduction in the 2025 cash tax bill. Q4 2025 total volumes are projected to average 620,000 BOE per day, with capital at about $465 million.
Nov 5, 2025, 3:00 PM
Ovintiv Announces $2.7 Billion Acquisition of NuVista Energy
OVV
M&A
Share Buyback
New Projects/Investments
- Ovintiv Inc. announced a definitive agreement to acquire NuVista Energy for approximately $2.7 billion USD (C$3.8 billion), including net debt, to significantly expand its footprint in Canada's Montney shale basin.
- The acquisition is expected to add approximately 100,000 barrels of oil equivalent per day in production and is projected to deliver $100 million in annual synergies, contributing to around 10% free cash flow accretion per share.
- To help fund the deal, Ovintiv plans to divest its Anadarko assets by the end of 2026 and has paused its share buyback program for two quarters.
- NuVista shareholders will receive $18.00 per share, payable 50% in cash and 50% in Ovintiv common stock, representing a 21% premium to NuVista's unaffected 20-day volume-weighted average share price as of September 19, 2025.
- The transaction is anticipated to close by early 2026.
Nov 5, 2025, 4:21 AM
Ovintiv Reports Q3 2025 Results and Raises Full-Year Production Guidance
OVV
Earnings
Guidance Update
Share Buyback
- Ovintiv reported net earnings of $148 million, or $0.57 per diluted share, and generated Non-GAAP Free Cash Flow of $351 million in the third quarter of 2025.
- The company's average total production volumes reached 630 thousand barrels of oil equivalent per day (MBOE/d), including 212 thousand barrels per day (Mbbls/d) of oil and condensate.
- Ovintiv reduced its Net Debt by $126 million during the quarter, bringing the total to approximately $5.187 billion.
- The company returned $235 million to shareholders through base dividend payments and share buybacks, and increased its full-year production guidance to a range of 610 MBOE/d to 620 MBOE/d.
- Full-year capital guidance was maintained at $2.125 billion to $2.175 billion, while full-year current tax expense guidance was reduced by approximately 50%.
Nov 4, 2025, 10:06 PM
Ovintiv to Acquire NuVista Energy
OVV
M&A
Takeover Bid
- Ovintiv Inc. has entered into an agreement to acquire NuVista Energy Ltd. for approximately $3.8 billion, including the assumption of NuVista’s net debt.
- The purchase price for each NuVista Share is $18.00, representing a 21% premium to NuVista’s unaffected 20-day volume-weighted share price as of September 19, 2025.
- The consideration is payable 50% in cash and 50% in Ovintiv Shares, with the transaction expected to close in the first quarter of 2026.
- NuVista’s Board of Directors has unanimously approved the transaction and recommends NuVista Shareholders vote in favor.
Nov 4, 2025, 10:05 PM
Ovintiv Agrees to Acquire NuVista Energy and Plans Anadarko Asset Divestiture
OVV
M&A
New Projects/Investments
Share Buyback
- Ovintiv Inc. has agreed to acquire NuVista Energy Ltd. for approximately $2.7 billion (C$3.8 billion), or an average of C$17.80 per share, in a cash and stock transaction.
- The acquisition is expected to add approximately 140,000 net acres and 100 MBOE/d in the Alberta Montney, along with 930 net well locations, and is projected to be immediately accretive to Non-GAAP Free Cash Flow by approximately 10% with anticipated annual synergies of approximately $100 million.
- Ovintiv plans to divest its Anadarko assets, with the process starting in Q1 2026, using proceeds for accelerated debt reduction to reach a Non-GAAP Net Debt target of $4 billion by year-end 2026.
- To fund the cash portion of the acquisition, Ovintiv has temporarily paused its share buyback program for two quarters.
Nov 4, 2025, 10:03 PM
Ovintiv Reports Strong Third Quarter 2025 Results and Raises Full Year Production Guidance
OVV
Earnings
Guidance Update
Share Buyback
- Ovintiv reported net earnings of $148 million, or $0.57 per diluted share, and generated $351 million in Non-GAAP Free Cash Flow for the third quarter of 2025.
- The company increased its full-year 2025 production guidance to 610 MBOE/d to 620 MBOE/d, including 208 Mbbls/d to 210 Mbbls/d of oil and condensate, while maintaining its full-year capital guidance at $2.125 billion to $2.175 billion.
- During the quarter, Ovintiv reduced Net Debt by $126 million to approximately $5.187 billion and returned $235 million to shareholders through base dividend payments and share buybacks.
Nov 4, 2025, 10:03 PM
Ovintiv to Acquire NuVista Energy and Divest Anadarko Assets
OVV
M&A
New Projects/Investments
Share Buyback
- Ovintiv Inc. will acquire NuVista Energy Ltd. for approximately $2.7 billion (C$3.8 billion), or C$17.80 per share, in a transaction consisting of 50% cash and 50% Ovintiv common stock.
- The acquisition is expected to add approximately 140,000 net acres and 100 MBOE/d to 2026 production in the Alberta Montney, generating approximately 10% Non-GAAP Free Cash Flow accretion and $100 million in annual synergies.
- Ovintiv plans to divest its Anadarko assets starting in the first quarter of 2026 to accelerate debt reduction, aiming to be below its $4 billion Non-GAAP Net Debt target by year-end 2026 to enable increased share buybacks. The share buyback program is temporarily paused for two quarters to fund the acquisition.
Nov 4, 2025, 10:00 PM
Quarterly earnings call transcripts for Ovintiv.
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