earnings
confidence high
sentiment positive
materiality 0.80
Ovintiv FY2025 cash flow $3.8B; launches 75% FCF return, closes $2.7B NuVista deal
Ovintiv Inc.
2025-FY EPS
reported $4.78
vs consensus $1.00
▲ beat
(+378.7%)
- FY2025 net earnings $1.2B ($4.78 diluted); Non-GAAP Cash Flow $3.8B, Free Cash Flow $1.6B after $2.1B capex.
- Acquired NuVista Energy for $2.7B (closed Feb 3, 2026); Anadarko assets to be sold for $3.0B (expected close Apr 1, 2026).
- New return framework: at least 75% of 2026 Non-GAAP Free Cash Flow via dividend ($0.30/qtr) and buybacks; $3B buyback authorized.
- 2026 guidance: capex $2.25-2.35B, production 620-645 MBOE/d, oil/condensate 205-212 Mbbls/d.
- Q4 2025 production 623 MBOE/d; net earnings $946M ($3.70 diluted); Non-GAAP Free Cash Flow $508M.