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Ovintiv (TSE:OVV)
TSX:OVV
Earnings Data
Report Date
May 13, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
1.84Last Year’s EPS
2.07Same Quarter Last Year
Strong Buy
Based on 13 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 26, 2025
|% Change Since: -4.22%
|Next Earnings Date:May 13, 2025
Earnings Call Sentiment|Positive
The earnings call reflected strong financial and operational performance with significant free cash flow generation, shareholder returns, and successful debt reduction. Strategic acquisitions and operational efficiency gains were highlighted as key achievements. However, there were minor challenges related to natural gas and NGL volumes and expected higher Canadian royalties.Company Guidance
During the conference call, Ovintiv provided comprehensive guidance for 2025, projecting a robust financial performance. The company expects to generate over $2.1 billion in free cash flow, assuming commodity prices of $70 WTI and $4 NYMEX gas, marking an increase of more than $300 million from the previous year. They plan to maintain oil and condensate production at approximately 205,000 barrels per day, with total production volumes between 595,000 and 615,000 BOE per day, supported by a capital investment of about $2.2 billion. Ovintiv also highlighted significant efficiency improvements, citing a reduction in drilling and completion costs and enhanced productivity per lateral foot across their assets. They are strategically leveraging their diversified portfolio, focusing on high-return oil and condensate-rich areas, while also positioning themselves to benefit from potential increases in gas prices. With ongoing efforts to reduce net debt to below $5 billion by year-end, Ovintiv is poised to continue delivering strong shareholder returns and optimizing their capital structure.Record Free Cash Flow and Shareholder Returns
Generated free cash flow of approximately $1.7 billion, up 50% year over year, with more than $900 million returned to shareholders.
Strong Operational Performance in Key Assets
Delivered oil and condensate volumes averaging 210,000 barrels per day, beating guidance, driven by strong results in the Permian and Montney.
Debt Reduction Achievements
Reduced net debt by more than $320 million, ending the year with $5.4 billion of net debt.
Enhanced Capital Efficiency
Achieved significant efficiency gains, including industry-leading drilling and completion speeds and reduced well costs across key assets.
Strategic Acquisitions and Divestitures
Acquired assets in the Alberta Montney and divested Uinta assets, adding 900 high-quality drilling locations and enhancing free cash generation.
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TSE: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
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TSE:OVV Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 26, 2025 | C$60.13 | C$62.36 | +3.71% |
| Nov 07, 2024 | C$57.11 | C$59.63 | +4.42% |
| Jul 30, 2024 | C$62.71 | C$63.21 | +0.80% |
| May 07, 2024 | C$70.50 | C$68.38 | -3.01% |
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.
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FAQ
When does Ovintiv (TSE:OVV) report earnings?
Ovintiv (TSE:OVV) is schdueled to report earning on May 13, 2025, TBA Not Confirmed.
What is Ovintiv (TSE:OVV) earnings time?
Ovintiv (TSE:OVV) earnings time is at May 13, 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 TSE:OVV EPS forecast?
TSE:OVV EPS forecast for the fiscal quarter 2025 (Q1) is 1.84.
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