earningsconfidence high
Ovintiv Q1 net loss $630M on $1.2B impairment; Non-GAAP FCF $634M; net debt <$3.3B
Ovintiv Inc.
2026-Q1 EPS
reported -$2.35
vs consensus $1.87
▼ miss
(-225.4%)
- Closed NuVista acquisition for ~$2.8B (~100 MBOE/d added) and Anadarko sale for ~$2.85B.
- Redeemed $700M 5.65% senior notes due 2028; annual interest savings ~$40M; net debt halved to <$3.3B.
- Q1 production 679 MBOE/d (225 Mbbls/d oil); Non-GAAP Cash Flow $1.2B; Free Cash Flow $634M.
- Year-to-date share buybacks $180M (3.2M shares); quarterly dividend $0.30/share declared.
- FY 2026 guidance: production 620-645 MBOE/d, capex $2.25-2.35B; Q2 guidance also provided.
item 2.02item 8.01item 9.01
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