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Ovintiv Q1 net loss $630M on $1.2B impairment; Non-GAAP FCF $634M; net debt <$3.3B
Closed NuVista acquisition for ~$2.8B (~100 MBOE/d added) and Anadarko sale for ~$2.85B.
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Ovintiv shareholders elect all 11 director nominees, approve say-on-pay and auditor ratification
All 11 director nominees elected; Thomas G. Ricks received lowest support at 96.20% for.
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Ovintiv completes NuVista acquisition; NuVista reports 2025 net earnings C$299M, revenue C$1.26B
Acquisition of NuVista Energy Ltd. closed Feb 3, 2026; NuVista amalgamated into Ovintiv Canada ULC.
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Ovintiv closes $2.9B Anadarko sale, repays C$1.57B credit facility, redeems $700M notes
Closed sale of ~360,000 net acres in Oklahoma for $2.9B cash after preliminary closing adjustments; effective Jan 1, 2026.
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Ovintiv sells Oklahoma oil and gas assets for $3.0B cash to MidCon II BuyerCo
Purchase price $3.0B in cash; economic effective date January 1, 2026.
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Ovintiv FY2025 cash flow $3.8B; launches 75% FCF return, closes $2.7B NuVista deal
FY2025 net earnings $1.2B ($4.78 diluted); Non-GAAP Cash Flow $3.8B, Free Cash Flow $1.6B after $2.1B capex.
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Ovintiv director Hill assigned to two board committees
Gregory P. Hill appointed to Ovintiv board effective January 30, 2026.
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Ovintiv agrees to sell Anadarko assets for $3.0B cash, expects Q2 2026 close
Cash proceeds of $3.0 billion from sale of ~360K net acres in Oklahoma.
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Ovintiv closes $2.7B acquisition of NuVista Energy; adds Montney assets, expects $100M annual synergies
Closed acquisition of NuVista for total consideration ~$2.7B, comprising C$1.57B cash and ~30.1M Ovintiv shares.
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Ovintiv sets March 9, 2026 record date for May 6 annual meeting
Record date for notice and voting is March 9, 2026; meeting on May 6, 2026.
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Ovintiv appoints Gregory P. Hill to board of directors effective Jan 30, 2026
Hill, former Hess Corp President of Worldwide E&P, joins as independent board member.
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Ovintiv receives Canadian gov't approval for NuVista acquisition; closing Feb 3
Government of Canada approved the acquisition under the Investment Canada Act.
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Ovintiv's NuVista acquisition gets 99% shareholder approval and court final order
NuVista shareholders approved arrangement with ~99% of votes cast at special meeting.
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Ovintiv provides pro forma reserves and production for NuVista acquisition; expects Q1 2026 close
Pro forma total proved reserves of 2,452 Mboe (Ovintiv 2,057 + NuVista 395) as of Dec 31, 2024.
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Ovintiv signs 12-year LNG capacity agreement with Pembina for Cedar LNG facility
Agreement for 0.5 mtpa liquefaction capacity at Cedar LNG; operations expected late 2028.
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Ovintiv announces Peter Dea to retire as director; Steven Nance elected next chairman
Peter Dea will retire from the Board effective May 6, 2026, upon adjournment of the annual meeting.
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Ovintiv enters $1.2B term credit agreement to finance NuVista acquisition
Two-year term loan facility of up to $1.2 billion entered on Nov 25, 2025.
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Ovintiv to acquire NuVista for C$18.00/share cash or 0.344 OVV shares; C$130M termination fees
NuVista shareholders can elect C$18.00 cash or 0.344 Ovintiv shares per NuVista share, subject to pro-ration.
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Ovintiv to acquire NuVista Energy for ~$2.7B (C$3.8B) in cash/stock deal
Acquisition price ~C$17.80/sh, 50% cash/50% stock; adds ~140K net acres, ~100 MBOE/d production.
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Ovintiv Q3 prod 630 MBOE/d, raises FY guidance to 610-620 MBOE/d, capex unchanged
Net earnings $148M ($0.57 diluted EPS) incl $108M after-tax impairment; Non-GAAP CF $895M.
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Ovintiv renews NCIB to buy back up to 22.3M shares over 12 months
TSX approved buyback of up to 22,287,709 common shares (10% of public float) from Oct 3, 2025 to Oct 2, 2026.
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Ovintiv Q2 net earnings $307M; production beat; raises FY guidance, lowers capex $50M
Q2 net earnings $307M ($1.18 diluted EPS); Non-GAAP Cash Flow $913M; FCF $392M after capex $521M.
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Ovintiv posts investor field tour presentation; no material financial details disclosed
Presentation posted July 8, 2025 on www.ovintiv.com for investor field tour.
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Ovintiv Q1 net loss $159M on $557M impairment; closed Montney and Uinta deals
Q1 net loss of $159M ($0.61/diluted share) includes non-cash ceiling test impairment of $557M after tax.
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Ovintiv shareholders elect all 11 directors, approve say-on-pay and Incentive Plan amendment
All 11 director nominees elected with >95% support; lowest was Thomas G. Ricks at 95.19%.
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Ovintiv assigns director Terri G. King to EHS and Reserves committees
Terri G. King appointed to Environment, Health and Safety Committee effective Feb 21, 2025.
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Ovintiv FY2024 net earnings $1.1B, Q4 net loss $60M; Montney/Uinta deals close
Full-year 2024 net earnings $1.1B ($4.21 diluted EPS); Q4 net loss $60M ($0.23 loss per share) includes $350M after-tax impairment.
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Ovintiv director Suzanne Nimocks not standing for re-election in 2025; board to reduce to 11
Suzanne P. Nimocks will not stand for re-election at the 2025 Annual Meeting of Shareholders.
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Ovintiv closes $2.307B Montney acquisition; pro forma EPS rises to $8.65 (FY2023)
Acquisition adds ~109,000 net acres and ~900 net well locations in Montney formation from Paramount Resources.
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Ovintiv sets March 4 record date for May 1 annual meeting
Record date for voting at the annual meeting is March 4, 2025.
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Ovintiv closes $2.307B Montney asset acquisition from Paramount, adds 70 MBOE/d
Acquired ~109,000 net acres in Montney for C$3.325B cash plus Horn River assets.
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Ovintiv appoints Terri G. King to Board, effective Jan 31, 2025
King retired from ConocoPhillips as Chief Commercial Officer and VP in 2023.
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Ovintiv closes $2B sale of Uinta assets to FourPoint Resources; Montney acquisition on track
Closed sale of substantially all Uinta assets (Utah) to FourPoint Resources for ~$2 billion in cash.
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Ovintiv enters $2.5B in term loans to partly fund Montney acquisition from Paramount Resources
$1.5B 364-day asset-sale term loan and $1.0B two-year term loan entered on Dec 10, 2024.
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Ovintiv to acquire Montney assets for C$3.325B, sell Uinta for $2.0B, boosting cash flow
Acquisition adds ~109,000 net acres, ~70 MBOE/d production, ~900 well locations (~600 premium) in Alberta Montney for C$3.325B cash.
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Ovintiv Q3 net earnings $507M, production beats high-end guidance; raises full-year outlook
Net earnings $507M ($1.92 diluted EPS); Non-GAAP cash flow $978M, free cash flow $440M after $538M capex.
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Ovintiv posts investor presentation on website for field tour
Presentation posted October 9, 2024, on www.ovintiv.com.
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Ovintiv renews NCIB to buy back up to 25.9M shares (~10% of float)
TSX approved NCIB to purchase up to 25,920,545 common shares from Oct 3, 2024 to Oct 2, 2025.
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Ovintiv Q2 net earnings $340M; raises full-year production guidance to 570-580 MBOE/d
Net earnings $340M ($1.27 diluted EPS); Non-GAAP Free Cash Flow $403M after capex of $622M.
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Ovintiv shareholders elect all 11 directors, approve say-on-pay and auditor ratification
All 11 director nominees elected with strong support; Suzanne P. Nimocks received 94.21% for, the lowest.
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Ovintiv posts Q1 net earnings $338M, raises full-year production guidance, FCF outlook to $1.9B
Net earnings $338M ($1.24 diluted EPS); Non-GAAP Cash Flow $1,035M; Free Cash Flow $444M.
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Ovintiv eliminates EVP role, Renee Zemljak to retire Dec 1, 2024 after transition
EVP Midstream, Marketing & Fundamentals role eliminated; Zemljak ceases officer role effective April 1, 2024.
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Ovintiv Q4 net earnings $856M, FY free cash flow $1.155B; 2024 outlook higher oil with less capital
Full year 2023 net earnings $2.085B; cash from operations $4.167B; non-GAAP free cash flow $1.155B.
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Ovintiv appoints Sippy Chhina to Audit and Reserves Committees
Sippy Chhina, appointed to Ovintiv Board on Jan 15, 2024, now assigned to Audit Committee and Reserves Committee effective Feb 22, 2024.
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Director Lee A. McIntire to retire, will not stand for re-election at 2024 annual meeting
Lee A. McIntire notified Board on Feb 20, 2024 of his retirement at end of current term.
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Ovintiv sets March 5 record date for May 2 annual meeting
Annual meeting of stockholders scheduled for May 2, 2024.
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Ovintiv posts investor presentation for sell-side field tour; no new material facts disclosed
Presentation made available on company website on January 18, 2024.
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Ovintiv appoints Sippy Chhina to board of directors effective Jan 15, 2024
Sippy Chhina, 57, appointed as independent director, effective January 15, 2024.
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Ovintiv director Katherine L. Minyard to retire effective Dec 31, 2023
Katherine L. Minyard notified the board of her retirement as director, effective December 31, 2023.
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Ovintiv discloses secondary offering of 9.4M shares by selling stockholder; repurchases 1.2M shares for $53M
Selling stockholder NMB Stock Trust offered 9,400,000 shares of common stock received as consideration for Permian Basin assets acquired from EnCap.