---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-054723"
form_type: "8-K"
ticker: "OVV"
cik: "0001792580"
company_name: "Ovintiv Inc."
filed_at: "2024-05-07T23:59:59+00:00"
generated_at: "2026-06-02T19:35:32.901381+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Ovintiv posts Q1 net earnings $338M, raises full-year production guidance, FCF outlook to $1.9B

## Summary
- Net earnings $338M ($1.24 diluted EPS); Non-GAAP Cash Flow $1,035M; Free Cash Flow $444M.
- Production 574 MBOE/d at high-end of guidance; oil & condensate 211 Mbbls/d.
- Returned $328M to shareholders via $248M buybacks and $80M base dividend.
- Raised full-year production guidance to 560-575 MBOE/d; capital unchanged at $2.2-2.4B; FCF outlook increased to ~$1.9B.
- Declared quarterly dividend $0.30/share, payable June 28 to holders of record June 14.

## SEC filing metadata
- accession: 0000950170-24-054723
- form_type: 8-K
- ticker: OVV
- cik: 0001792580
- company_name: Ovintiv Inc.
- filed_at: 2024-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1792580/000095017024054723/0000950170-24-054723-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1792580/000095017024054723/ovv-20240507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-054723
- JSON: https://secwatch.observer/filing/0000950170-24-054723.json
- Plain text: https://secwatch.observer/filing/0000950170-24-054723.txt

## Key facts
- Earnings Releases
  Ovintiv Inc. reported first quarter ended March 31, 2024 results: net income net earnings of $338 million, or $1.24 per diluted share of common stock, EPS $1.24 per diluted share. Guidance raised.
  - Period: first quarter ended March 31, 2024
  - Net income: net earnings of $338 million, or $1.24 per diluted share of common stock
  - EPS: $1.24 per diluted share
  - Guidance: raised
  - Result: reported results
  source text: On May 7, 2024, Ovintiv Inc. (the “Company”) issued a news release announcing its financial and operating results for its first quarter ended March 31, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1792580/000095017024054723/0000950170-24-054723-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.