Ovintiv Q4 net earnings $856M, FY free cash flow $1.155B; 2024 outlook higher oil with less capital

Ovintiv Inc.

2023-FY EPS reported $7.90 revenue$10,883,000,000

Full year 2023 net earnings $2.085B; cash from operations $4.167B; non-GAAP free cash flow $1.155B.
Q4 production 605 MBOE/d, above high end of guidance; oil/condensate 240 Mbbls/d.
2024 capital program $2.2-$2.4B to deliver total production 545-575 MBOE/d, oil/condensate 202-208 Mbbls/d.
Returned $733M to shareholders in 2023 via buybacks ($426M) and dividends; declared $0.30/sh Q dividend.
Added ~1,650 net premium drilling locations since 2021, ~1,100 in Permian; inventory now >7 years.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Ovintiv Inc. reported financial results for fourth quarter and full year ended December 31, 2023.

Period: fourth quarter and full year ended December 31, 2023
Result: reported results

Exact text from the filing

On February 27, 2024 Ovintiv Inc. (the “Company”) issued a news release announcing its financial and operating results for its fourth quarter and full year ended December 31, 2023.

View on SEC.gov

36 earnings releases filed in the last 30 days. Browse all earnings releases →

Ovintiv Inc. filing history →

Source: SEC EDGAR

accession 0000950170-24-021349

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.