Ovintiv Q2 net earnings $336M, raises FY production guidance, cuts capex; dividend up 20%

Ovintiv Inc.

2023-Q2 EPS reported $3.28 revenue$5,068,000,000

Net earnings $336M ($1.34 diluted EPS); Non-GAAP Cash Flow $699M; Free Cash Flow $59M after $640M capex.
Q2 production 573 MBOE/d (186 Mbbls/d oil/condensate), above guidance on all products.
Full-year 2023 production guidance raised; capital guidance lowered to $2.68-2.85B.
Closed Midland Basin acquisition (~65,000 net acres) and Bakken sale; exited Bakken play.
Quarterly dividend raised 20% to $0.30/share ($1.20 annualized); payable Sept 29, record Sept 15.

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 0.95

Ovintiv Inc. reported second quarter ended June 30, 2023 results: net income $336 million, EPS $1.34 per diluted share. Guidance raised.

Period: second quarter ended June 30, 2023
Net income: $336 million
EPS: $1.34 per diluted share
Guidance: raised
Result: reported results

Exact text from the filing

The Company recorded net earnings of $336 million, or $1.34 per diluted share of common stock.

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 0001193125-23-196183

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.