Company Increases Quarterly Dividend by 43%; Underpinned by Leading 2022 Capital Efficiency Highlights: Generated full year net earnings of $1.4 billion, cash from operating activities of $3.1 billion, Non-GAAP Cash Flow of $3.2 billion and Non-GAAP Free Cash Flow of $1.7 billion Reduced Net Debt by approximately $2.3 billion; expect to reach $3 billion Net Debt target in the second half of 2022 assuming $85 per barrel [...]
Ovintiv Inc.,one of North America's largest oil, gas, and condensate producers, is well-site operator Rising Phoenix Royalties reveals a 49% oil/51% natural gas royalty acquisition of roughly 5 net royalty acres from an undisclosed seller in the Woodford Basin, Stephens County, OK. Ovintiv Inc. , is the well-site Operator. "The Stephens County acquisition is a great example of our ability to assist sellers with smaller to [...]
Ovintiv Inc. today announced plans to hold its 2021 fourth quarter and year-end results conference call at 9:00 a.m. MT, on Friday, February 25, 2022. The Company plans to release its financial and operating results after market close, Thursday, February 24, 2022. In addition to the release, supplemental slides and financial statements will be available on the Company's website, located at www.ovintiv.com. To participate [...]
Strong Third Quarter Free Cash Flow to Enhance Shareholder Returns Through Fourth Quarter Share Buyback Program Third Quarter Highlights: Generated third quarter cash from operating activities of $812 million, non-GAAP cash flow of $845 million and non-GAAP free cash flow of $480 million Reduced net debt by $409 million to $4.8 billion; achieved 1.5 times net debt to adjusted EBITDA leverage ratio Fully offset inflation [...]
Ovintiv Inc. today announced plans to hold its third quarter 2021 results conference call at 9:00 a.m. MT, on Wednesday November 3, 2021. The Company plans to release its financial and operating results after market close, Tuesday November 2, 2021. In addition to the release, supplemental slides and financial statements will be available on the Company's website, located at www.ovintiv.com. To participate in the [...]
Company Launches New Sustainability Website Ovintiv Inc. today announced the achievement of several sustainability milestones related to emissions reductions, social responsibility and corporate governance. In addition, the Company has launched a new dynamic sustainability website, highlighting Ovintiv's data-driven approach to environmental, social and governance performance matters. "Ovintiv is at the forefront of [...]
Company Announces TSX Acceptance of Normal Course Issuer Bid Ovintiv today announced it is progressing its commitment to increase shareholder returns with the receipt of regulatory approvals for a share buy-back program. This action is consistent with the Company's capital allocation framework, which supports the goal of unlocking shareholder value by delivering on Ovintiv's strategic priorities of financial strength [...]
Ovintiv Inc. today announced a new capital allocation framework, which supports the Company's goal of unlocking shareholder value by delivering on its strategic priorities of financial strength, increasing cash returns to shareholders, generating superior returns on capital investment, and driving ESG progress. "We are committed to unlocking shareholder value by delivering on our strategic priorities," said Ovintiv [...]
Brendan McCracken, Ovintiv President & CEO, will be participating in a fireside chat at the Barclays CEO Energy-Power Conference on Friday, September 10th, starting at 10:20 a.m. ET. The presentation will last approximately 30 minutes. The live webcast, an accompanying slide presentation and a replay will be available on Ovintiv's website under Presentations and Events. About Ovintiv Inc. Ovintiv is one of the largest [...]
Dividend Increased by ~50%, New Debt Target Established Second Quarter Highlights: Generated second quarter cash from operating activities of $750 million, non-GAAP cash flow of $733 million and non-GAAP free cash flow of $350 million Reduced net debt by $1.2 billion to $5.2 billion; accelerated expected timeline of $4.5 billion net debt target to year-end 2021 Continued to demonstrate industry-leading capital [...]
Ovintiv Inc. today announced that it has issued a notice to the trustee of its 3.90% notes due 2021 to redeem the entire $517,823,000 aggregate principal amount. The outstanding 2021 notes will be redeemed, pursuant to their terms and conditions, on August 16, 2021. ADVISORY REGARDING FORWARD-LOOKING STATEMENTS - This news release is not a notice of redemption with respect to the 2021 notes. This news release contains [...]
Ovintiv Inc. today announced plans to hold its second quarter 2021 results conference call at 7:30 a.m. MT, on Wednesday July 28, 2021. The Company plans to release its financial and operating results after market close, Tuesday July 27, 2021. In addition to the release, supplemental slides and financial statements will be available on the Company's website, located at www.ovintiv.com. To participate in the conference [...]
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