earnings
confidence high
sentiment positive
materiality 0.75
Ovintiv Q2 net earnings $307M; production beat; raises FY guidance, lowers capex $50M
Ovintiv Inc.
2025-Q2 EPS
reported $0.57
vs consensus $0.97
▼ miss
(-41.1%)
- Q2 net earnings $307M ($1.18 diluted EPS); Non-GAAP Cash Flow $913M; FCF $392M after capex $521M.
- Average production 615 MBOE/d (211 Mbbls/d oil+condensate), above guidance; raised FY 2025 range to 600-620 MBOE/d.
- Full year capex cut to $2.125B-$2.175B ($50M below prior); FY FCF estimate raised to $1.65B at $60 WTI / $3.75 gas.
- Net debt reduced $217M to ~$5.31B; returned $223M to shareholders in Q2 via dividends and buybacks.
- Quarterly dividend declared $0.30/share, payable Sep 29 to holders of record Sep 15.
item 2.02item 8.01item 9.01