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Ovintiv (OVV)
NYSE:OVV
Earnings Data
Report Date
Jul 23, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
1.04Last Year’s EPS
1.22Same Quarter Last Year
Strong Buy
Based on 17 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 06, 2025
|% Change Since: 3.38%
|Next Earnings Date:Jul 23, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted Ovintiv's strong operational performance and effective debt reduction, with significant free cash flow generation and shareholder returns. However, challenges such as lower commodity prices and exposure to volatile gas pricing markets present potential risks.Company Guidance
During Ovintiv's 2025 First Quarter Results Conference Call, the company provided detailed guidance and outlook amid a challenging macroeconomic environment characterized by lower oil prices. Ovintiv has positioned itself to handle these conditions by utilizing mid-cycle prices of $55 WTI and $2.75 NYMEX for making disciplined business decisions. The company reported a post-dividend breakeven price under $40 WTI and highlighted 10 to 20 years of premium drilling inventory across its three key assets. Despite a reduction in expected free cash flow from $2.1 billion to $1.5 billion due to revised full-year commodity price assumptions of $60 WTI and $3.75 NYMEX, Ovintiv remains committed to maintaining its original full-year guidance. The company expressed confidence in its ability to generate $1 billion in free cash flow even if prices drop to $50 WTI. Operational excellence led to a first-quarter free cash flow of $387 million, exceeding consensus estimates, with production volumes also meeting or surpassing guidance ranges. Ovintiv plans to continue debt reduction while maintaining shareholder returns through buybacks, utilizing its robust balance sheet and $3.5 billion of liquidity. The company also emphasized its strategic flexibility to adjust activity levels without incurring significant costs if needed.Strong Free Cash Flow and Debt Reduction
Ovintiv generated $387 million of free cash flow in Q1 2025, beating consensus estimates. The company reduced its debt by $350 million since the Montney acquisition announcement, maintaining a leverage ratio of 1.2x.
Robust Production Performance
Ovintiv's production averaged 588,000 BOEs per day in Q1 2025, with oil and condensate volumes reaching 206,000 barrels per day. The company exceeded guidance ranges on all products.
Shareholder Returns and Buyback Resumption
Ovintiv resumed share buybacks, planning to repurchase $146 million of shares in Q2 2025. Since Q3 2021, the company has returned over $3 billion to shareholders through buybacks and dividends.
Operational Efficiency Gains
The company achieved significant cost savings, particularly in the Montney, where drilling cycle time was reduced by 10 days, and cost savings of $1 million per well were realized.
OVV Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
OVV Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 06, 2025 | $34.65 | $33.86 | -2.28% |
Feb 26, 2025 | $41.58 | $42.84 | +3.03% |
Nov 07, 2024 | $40.93 | $42.52 | +3.88% |
Jul 30, 2024 | $44.94 | $45.39 | +1.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Ovintiv (OVV) report earnings?
Ovintiv (OVV) is schdueled to report earning on Jul 23, 2025, TBA Not Confirmed.
What is Ovintiv (OVV) earnings time?
Ovintiv (OVV) earnings time is at Jul 23, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is OVV EPS forecast?
OVV EPS forecast for the fiscal quarter 2025 (Q2) is 1.04.