Ovintiv Q3 net earnings $406M, raises FY2023 production guidance to 550-560 MBOE/d

Ovintiv Inc.

2023-Q3 EPS reported $4.73 revenue$7,717,000,000

Net earnings $406M ($1.47 diluted EPS); Non-GAAP Cash Flow $1,112M; Free Cash Flow $278M after $834M capex.
Q3 production 572 MBOE/d (214 Mbbls/d oil & condensate) at/above high end of guidance on all products.
FY2023 production guidance raised to 550-560 MBOE/d; capex narrowed to $2.745-2.785B.
Q4 oil & condensate guidance 220-227 Mbbls/d; 2024 outlook ~200 Mbbls/d with capex $2.1-2.5B.
Quarterly dividend of $0.30/share declared (payable Dec 29); Q3 returned $127M to shareholders.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Ovintiv Inc. reported third quarter ended September 30, 2023 results: net income $406 million, EPS $1.47 per diluted share. Guidance raised.

Period: third quarter ended September 30, 2023
Net income: $406 million
EPS: $1.47 per diluted share
Guidance: raised
Result: reported results

Exact text from the filing

On November 7, 2023, Ovintiv Inc. (the "Company") issued a news release announcing its financial and operating results for its third quarter ended September 30, 2023.

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Source: SEC EDGAR

accession 0000950170-23-060392

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