Paramount Resources Ltd. is pleased to announce that it has entered into a purchase and sale agreement with Ovintiv Inc. and one of its wholly-owned subsidiaries pursuant to which Ovintiv will acquire Paramount's Karr, Wapiti and Zama properties for $3.325 billion in cash plus certain Horn River Basin properties of Ovintiv . The Assets include approximately 170 net sections of Montney lands with 114 MMBoe of proved [...]
Full Year Production Guidance Increased; Strong Operational Execution and Debt Reduction Continue Highlights: Generated net earnings of $507 million, cash from operating activities of $1,022 million, Non-GAAP Cash Flow of $978 million and Non-GAAP Free Cash Flow of $440 million after capital expenditures of $538 million Third quarter production was above the high-end of the guidance range on every product with average [...]
Ovintiv Inc. today announced plans to hold its third quarter 2024 results conference call at 7:00 a.m. MT, on Friday November 8, 2024. The Company plans to release its financial and operating results after market close, Thursday November 7, 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 conference call [...]
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 [...]
Operational Excellence Drives Strong Financial Results; Production Guidance Raised Highlights: Generated net earnings of $340 million, cash from operating activities of $1,020 million, Non-GAAP Cash Flow of $1,025 million and Non-GAAP Free Cash Flow of $403 million after capital expenditures of $622 million Second quarter production was at the high-end or above the guidance range on every product with average total [...]
Ovintiv Inc. today announced plans to hold its second quarter 2024 results conference call at 8:00 a.m. MT, on Wednesday July 31, 2024. The Company plans to release its financial and operating results after market close, Tuesday July 30, 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 conference call without [...]
Strong Shareholder Returns Underpinned by Continued Operational Excellence Highlights: Generated net earnings of $338 million, cash from operating activities of $659 million, Non-GAAP Cash Flow of $1,035 million and Non-GAAP Free Cash Flow of $444 million after capital expenditures of $591 million First quarter production was at the high-end or above the guidance range on every product with average total production [...]
Ovintiv Inc. today announced that the following matters, as further described in the Company's Proxy Statement filed on March 21, 2024 , were voted upon at its 2024 Annual Meeting of Shareholders held on May 2, 2024. Election of Directors Each director listed in the Proxy Statement was elected as a director of the Company. The results of the vote by ballot were as follows: Shares For Percent Shares Against Percent Abstain [...]
Ovintiv Inc. today announced plans to hold its first quarter 2024 results conference call at 9:00 a.m. MT, on Wednesday May 8, 2024. The Company plans to release its financial and operating results after market close, Tuesday May 7, 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 conference call without [...]
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 [...]
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