Ovintiv FY2024 net earnings $1.1B, Q4 net loss $60M; Montney/Uinta deals close

Ovintiv Inc.

2024-FY EPS reported $4.21 revenue$9,152,000,000

Full-year 2024 net earnings $1.1B ($4.21 diluted EPS); Q4 net loss $60M ($0.23 loss per share) includes $350M after-tax impairment.
Non-GAAP Cash Flow $4.0B, Non-GAAP Free Cash Flow $1.7B (up ~50% YoY) after $2.3B capex; full-year production 585 MBOE/d.
Closed Montney acquisition ($2.3B) on Jan 31, 2025, and Uinta divestiture ($2.0B) on Jan 22, 2025; buybacks paused to fund acquisition.
Board declared $0.30/share quarterly dividend payable Mar 31, 2025 to holders of record Mar 14, 2025.
2025 guidance: total production 595-615 MBOE/d, oil & condensate 202-208 Mbbls/d, capex $2.15-2.25B.

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