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 2.02 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 first quarter 2026 results: EPS $2.35 per share diluted. Guidance reaffirmed.

Period: first quarter 2026
EPS: $2.35 per share diluted
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Reported first quarter net loss of $630 million, or $2.35 per share diluted, including non-cash ceiling test impairments of $1.2 billion, after tax, or $4.30 per share diluted; impairment primarily driven by a weaker SEC 12-month trailing oil price relative to the previous quarter

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Ovintiv Inc. filing history →

Source: SEC EDGAR

accession 0001193125-26-217081

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