OVV Stock Recent News

Ovintiv's Q2 2025 production exceeded the midpoint of its guidance by 3%. It increased its full-year guidance by 1% with a $50 million reduction in capex. Ovintiv's operating cost performance has also been positive.

OVV expects total production of 600-620 MBOE/d, with oil and condensate at 205-209 Mbbls/d and NGLs at 93-96 Mbbls/d for full-year 2025.

Ovintiv Inc. (NYSE:OVV ) Q2 2025 Earnings Conference Call July 25, 2025 10:00 AM ET Company Participants Brendan Michael McCracken - President, CEO & Director Corey Douglas Code - Executive VP & CFO Gregory Dean Givens - Executive VP & COO Jason Verhaest - Corporate Participant Meghan Nicole Eilers - Executive VP of Midstream & Marketing and General Counsel Conference Call Participants Arun Jayaram - JPMorgan Chase & Co, Research Division David Adam Deckelbaum - TD Cowen, Research Division Douglas George Blyth Leggate - Wolfe Research, LLC Geoff Jay - Daniel Energy Partners, LLC Greg M. Pardy - RBC Capital Markets, Research Division John Phillips Little Johnston - Capital One Securities, Inc., Research Division Joshua Ian Silverstein - UBS Investment Bank, Research Division Kaleinoheaokealaula Scott Akamine - BofA Securities, Research Division Neil Singhvi Mehta - Goldman Sachs Group, Inc., Research Division Phillip J.

In the sluggish Zacks Oil and Gas - Exploration and Production - Canadian industry, AETUF, OVV, OBE, and IPOOF stand out on the back of their execution strength.

Ovintiv (OVV) came out with quarterly earnings of $1.02 per share, missing the Zacks Consensus Estimate of $1.04 per share. This compares to earnings of $1.24 per share a year ago.

Full Year Capital Guidance Lowered; Production Guidance Increased Highlights: Generated cash from operating activities of $1,013 million, Non-GAAP Cash Flow of $913 million and Non-GAAP Free Cash Flow of $392 million after capital expenditures of $521 million Second quarter production was above the guidance range on every product with average total production volumes of 615 thousand barrels of oil equivalent per day ("MBOE/d"), including 211 thousand barrels per day ("Mbbls/d") of oil and condensate, 96 Mbbls/d of other NGLs (C2 to C4) and 1,851 million cubic feet per day ("MMcf/d") of natural gas Reduced Net Debt by $217 million during the quarter to approximately $5.31 billion Returned $223 million to shareholders through the combination of base dividend payments and share buybacks Raised full year production guidance to a range of 600 MBOE/d to 620 MBOE/d, including oil and condensate of 205 Mbbls/d to 209 Mbbls/d and natural gas of 1,825 MMcf/d to 1,875 MMcf/d Full year capital g

Evaluate the expected performance of Ovintiv (OVV) for the quarter ended June 2025, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.

OVV is expected to report higher revenues from its operations in Canada. However, the company is expected to have faced increased expenses.

Ovintiv (OVV) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

OVV delivers premium inventory and capital efficiency with solid returns but faces commodity volatility and risks from early-stage Montney integration.