Ovintiv Q3 net earnings $1.19B, EPS $4.63; raises full-year production guidance to 505–515 MBOE/d

Ovintiv Inc.

2022-Q3 EPS reported $8.84 revenue$9,252,000,000

Non-GAAP Cash Flow $948M, Free Cash Flow $437M; returned $387M to shareholders via buybacks and dividends.
Net debt reduced $294M in Q3, $991M YTD; repurchased ~$504M in senior notes at discount.
Full-year production guidance increased by 5 MBOE/d to 505–515 MBOE/d; capital guidance ~$1.8B.
Quarterly dividend of $0.25/share declared, payable Dec 30, 2022 to holders of record Dec 15.
Closed divestitures of Uinta and Bakken assets; renewed NCIB authorizing up to 25M share repurchases.

item 2.02 item 8.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.85

Ovintiv Inc. reported third quarter ended September 30, 2022 results: net income $1.19 billion, EPS $4.63 per diluted share. Guidance raised.

Period: third quarter ended September 30, 2022
Net income: $1.19 billion
EPS: $4.63 per diluted share
Guidance: raised
Result: reported results

Exact text from the filing

Net earnings of $1.19 billion after-tax, or $4.63 per diluted share

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Ovintiv Inc. filing history →

Source: SEC EDGAR

accession 0001564590-22-037074

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