Ovintiv Reports First Quarter 2025 Financial and Operating Results

About this update from Ovintiv Inc. (de)

[{"type":"text","content":"Continued Maintenance Investment to Drive Free Cash Flow; High-Graded Portfolio Bolsters Financial Resiliency","length":109,"tagName":"p","attribs":{}},{"type":"text","content":"Highlights:","length":11,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Generated cash from operating activities of $873 million, Non-GAAP Cash Flow of $1,004 million and Non-GAAP Free Cash Flow of $387 million after capital expenditures of $617 million","length":181,"tagName":"p"}]},{"val":[{"type":"text","content":"First quarter oil and condensate production was above the guidance range at 206 thousand barrels per day ("Mbbls/d")","length":126,"tagName":"p"}]},{"val":[{"type":"text","content":"Average total production of approximately 588 thousand barrels of oil equivalent per day ("MBOE/d") was above the midpoint of the guidance range and included 89 Mbbls/d of other NGLs (C2 to C4) and 1,764 million cubic feet per day ("MMcf/d") of natural gas","length":276,"tagName":"p"}]},{"val":[{"type":"text","content":"Closed the previously announced acquisition of certain Montney assets in an all-cash transaction for approximately $2.3 billion after preliminary closing adjustments","length":165,"tagName":"p"}]},{"val":[{"type":"text","content":"Closed the previously announced divestiture of Uinta assets for approximately $1.9 billion after preliminary closing adjustments","length":128,"tagName":"p"}]},{"val":[{"type":"text","content":"Released the Company's 2024 Sustainability Report on the Company's website","length":82,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":958,"olType":false},{"type":"text","content":"DENVER, May 6, 2025 /PRNewswire/ - Ovintiv Inc. (NYSE: OVV) (TSX: OVV) ("Ovintiv" or the "Company") today announced its first quarter 2025 financial and operating results. The Company plans to hold a conference call and webcast at 8:00 a.m. MT (10:00 a.m. ET) on May 7, 2025. Please see dial-in details within this release, as well as additional details on the Company's website at www.ovintiv.com under Presentations and Events – Ovintiv.","length":473,"tagName":"p"},{"type":"text","content":""Our strong first quarter results continue to build our track record of driving operational excellence to maximize free cash flow," said Ovi...

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