Ovintiv reports Q3 EPS $1.92, consensus $1.57

Q3 average total production volumes were 593K MBOE/d, including 212 thousand barrels per day or Mbbls/d of oil and condensate, 93 Mbbls/d of other NGLs and 1,725 MMcf/d of natural gas. “Our Q3 continued to build on our strong track record of operational and financial execution,” said CEO Brendan McCracken. “Once again, we exceeded the high end of our production guidance and raised our targets for full year volumes. Our teams continue to be focused on delivering leading returns at the bottom line and I’m pleased to see our third quarter free cash flow move even higher than the second quarter, even though commodity prices were lower.”