Ovintiv Inc

NYSE:OVV   3:59:58 PM EDT
+0.87 (+1.88%)
5:26:10 PM EDT: $47.30 +0.10 (+0.21%)
Positive Earnings Pre-Announcement

Ovintiv Reports First Quarter 2022 Results

Published: 05/09/2022 21:45 GMT
Ovintiv Inc (OVV) - Ovintiv Reports First Quarter 2022 Financial and Operating Results.
Ovintiv Inc- Company Increases Quarterly Dividend by 25%.
Ovintiv Inc- in Q2 Plans to Deliver About $200 Million to Shareholders Through Raised Base Dividend of About $65 Million and Share Buybacks Totalling About $135 Million.
Ovintiv Inc- Announced That It Has Issued a Notice to Trustee of Its 5.625% Notes Due 2024 to Redeem Entire $1 Billion Aggregate Principal Amount.
Ovintiv Inc- Expects to Redeem Outstanding 2024 Notes Pursuant to Their Terms and Conditions, on June 10, 2022.
Ovintiv Inc- on May 9, 2022, Ovintiv's Board Declared a Quarterly Dividend of $0.25 per Share of Common Stock Payable on June 30, 2022.
Ovintiv Inc- Q1 Total Production Was Above Midpoint of Guidance and at Approximately 500 Mboe/d.
Ovintiv Inc- Has Raised Its Full Year Capital Investment Guidance to Approximately $1.7 to $1.8 Billion From $1.5 Billion.
Ovintiv Inc- Expects to Deliver Full Year Oil and Condensate Production Volumes of Approximately 180 to 185 Mbbls/d.
Ovintiv Inc- Oil and Condensate Production in Second Half of Year is Expected to Average Approximately 190 Mbbls/d.
Ovintiv Inc- Reported a Net Loss of $241 Million in Q1.
Revenue is expected to be $2.58 Billion
Adjusted EPS is expected to be $2.81

Next Quarter Revenue Guidance is expected to be $2.63 Billion
Next Quarter EPS Guidance is expected to be $2.88

More details on our Analysts Page.