Strong 2023 Operational Execution; Enhanced Capital Efficiency Expected in 2024 Highlights: Full Year 2023 Generated net earnings of $2.1 billion, cash from operating activities of $4.2 billion, Non-GAAP Cash Flow of $3.9 billion and Non-GAAP Free Cash Flow of $1.2 billion after capital expenditures of $2.7 billion Exceeded high end of full year production guidance on every product with average total volumes of 566 [...]
Ovintiv Inc. today announced plans to hold its 2023 fourth quarter and year-end results conference call at 8:00 a.m. MT, on Wednesday February 28, 2024. The Company plans to release its financial and operating results after market close, Tuesday February 27, 2024. In addition to the release, supplemental slides and financial statements will be available on the Company's website, located at www.ovintiv.com. To join the [...]
Ovintiv Inc. today announced that Sippy Chhina has been named as an independent member of its board of directors, effective January 15, 2024. Chhina, 57, recently retired as a Partner at Deloitte Canada LLP, a leading multinational professional services network, where she held various roles since 2006. In addition to her client responsibilities, she also served as a member on the Board of Deloitte Canada and was a Vice [...]
Ovintiv Inc. today announced the upsize and pricing of a previously announced underwritten public offering of its common stock by NMB Stock Trust, a Delaware statutory trust . The size of the Offering increased from the previously announced 8,400,000 shares to an aggregate of 9,400,000 shares of the Company's common stock at a price to the public of US$44.35 per share, for gross proceeds of approximately US$416.9 million [...]
Ovintiv Inc. , today announced that NMB Stock Trust, a Delaware statutory trust , intends to offer for sale 8,400,000 shares of the Company's common stock, par value US$0.01 per share, pursuant to the Company's shelf registration statement previously filed with the Securities and Exchange Commission . Ovintiv issued the shares to the Selling Stockholder on June 12, 2023 as part of the consideration for the Company's [...]
Strong Well Results and Successful Acquisition Integration Drive Increased Full Year Production Guidance Highlights: Generated net earnings of $406 million, cash from operating activities of $906 million, Non-GAAP Cash Flow of $1,112 million and Non-GAAP Free Cash Flow of $278 million after capital expenditures of $834 million Third quarter production was at or above the high end of guidance on every product with average [...]
DENVER, Oct. 10, 2023 Ovintiv Inc. today announced plans to hold its third quarter 2023 results conference call at 10:00 a.m. MT, on Wednesday November 8, 2023. The Company plans to release its financial and operating results after market close, Tuesday November 7, 2023. In addition to the release, supplemental slides and financial statements will be available on the Company's website, located at www.ovintiv.com. To join [...]
Company Receives TSX Approval for Renewal of Normal Course Issuer Bid Ovintiv Inc. today announced it has received regulatory approvals for the renewal of its share buy-back program. This action is consistent with the Company's capital allocation framework, which returns at least 50 percent of post base dividend Non-GAAP Free Cash Flow to shareholders. The Toronto Stock Exchange has accepted Ovintiv's notice of intention [...]
Ovintiv Inc. today announced the pricing of an underwritten public offering of 15,000,000 shares of its common stock by NMB Stock Trust, a Delaware statutory trust , for gross proceeds of approximately US$684.8 million . The Company will not sell any shares of its common stock in the Offering and will not receive any proceeds from the sale of the shares in the Offering. The Offering is expected to close on September 13 [...]
Ovintiv Inc. today announced that NMB Stock Trust, a Delaware statutory trust , intends to offer for sale 15,000,000 shares of the Company's common stock, par value $0.01 per share, pursuant to the Company's shelf registration statement previously filed with the Securities and Exchange Commission . The Offering consists entirely of secondary shares to be sold by the Selling Stockholder. The Selling Stockholder will [...]
Strong Results Across Portfolio Drive Higher Full Year Production Guidance and Reduced Capital and Per Unit Cost Guidance Second Quarter 2023 Highlights: Generated net earnings of $336 million, cash from operating activities of $831 million, Non-GAAP Cash Flow of $699 million and Non-GAAP Free Cash Flow of $59 million after capital expenditures of $640 million Exceeded second quarter production guidance on every product [...]
Ovintiv Inc. today announced plans to hold its second quarter 2023 results conference call at 9:00 a.m. MT, on Friday July 28, 2023. The Company plans to release its financial and operating results after market close, Thursday July 27, 2023. In addition to the release, supplemental slides and financial statements will be available on the Company's website, located at www.ovintiv.com. To join the conference call without [...]