Ovintiv agrees to sell Anadarko assets for $3.0B cash, expects Q2 2026 close

Ovintiv Inc.

Cash proceeds of $3.0 billion from sale of ~360K net acres in Oklahoma.
Month-to-date Feb production ~90K boe/d (27K bbl/d oil+condensate, 240 MMcf/d gas, 23K bbl/d NGLs).
Buyer undisclosed; transaction expected to close early Q2 2026 with effective date Jan 1, 2026.
Ovintiv plans to issue FY2026 and Q1 guidance and updated shareholder return framework on Feb 23, 2026.
CEO says sale delivers on debt target, focuses portfolio on Permian and Montney.

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