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Ovintiv reported strong fourth-quarter results, with Non-GAAP Free Cash Flow of $452 million and average quarterly production volumes of 580 MBOE/d. The company's financial performance was driven by a focus on value creation and execution excellence.
Ovintiv reported strong Q3 2024 results, exceeding production guidance and raising full year targets. The company generated net earnings of $507 million, and free cash flow of $440 million. Debt was reduced by $210 million.
Ovintiv reported net earnings of $340 million, cash from operating activities of $1,020 million, and Non-GAAP Free Cash Flow of $403 million. The company raised its full-year production guidance and narrowed its full-year capital guidance range.
Ovintiv reported a solid operational performance in Q1 2024, marked by net earnings of $338 million and Non-GAAP Free Cash Flow of $444 million. Production volumes were at the high end of guidance, and the company raised its full-year production outlook while maintaining capital guidance. Returns to shareholders totaled $328 million through dividends and share buybacks.
Ovintiv reported fourth quarter net earnings of $856 million and average quarterly production volumes of 605 MBOE/d. The company reduced total debt by $426 million and plans to produce higher oil and condensate volumes with less capital in 2024.
