Business
Ovintiv Reports First Quarter 2026 Financial and Operating Results
Ovintiv Inc. (NYSE: OVV) (TSX: OVV) ("Ovintiv" or the "Company") today announced its first quarter 2026 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 12, 2026. 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.
About this update from Ovintiv Inc. (de)
[{"type":"text","content":"Efficiency, Best-in-Class Inventory, and Clean Balance Sheet Delivering Superior Returns","length":88,"tagName":"p","attribs":{}},{"type":"text","content":"Highlights:","length":11,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Generated first quarter cash from operating activities of $1.1 billion, Non-GAAP Cash Flow of $1.2 billion and Non-GAAP Free Cash Flow of $634 million after capital expenditures of $605 million","length":193,"tagName":"p"}]},{"val":[{"type":"text","content":"Produced average first quarter volumes of 679 thousand barrels of oil equivalent per day ("MBOE/d"), at the high end of company guidance across all products including 225 thousand barrels per day ("Mbbls/d") of oil and condensate, 100 Mbbls/d of other NGLs (C2 to C4) and 2,124 million cubic feet per day ("MMcf/d") of natural gas","length":360,"tagName":"p"}]},{"val":[{"type":"text","content":"Closed the acquisition of NuVista Energy Ltd., adding approximately 100 MBOE/d of production, 930 net 10,000-foot equivalent well locations, and approximately 140,000 net acres of land for approximately $2.8 billion","length":215,"tagName":"p"}]},{"val":[{"type":"text","content":"Closed the sale of the Company's Anadarko assets in April for total cash proceeds of approximately $2.85 billion after preliminary closing adjustments","length":154,"tagName":"p"}]},{"val":[{"type":"text","content":"Redeemed the Company's $700 million, 5.65% senior notes due May 15, 2028, on April 20, 2026, using proceeds from the Anadarko divestiture; annualized interest savings to total approximately $40 million","length":205,"tagName":"p"}]},{"val":[{"type":"text","content":"Net Debt of less than $3.3 billion as of April 30, 2026; approximately 40% lower than one year prior","length":100,"tagName":"p"}]},{"val":[{"type":"text","content":"Resumed share buybacks in March with the repurchase of approximately 1.5 million shares for total consideration of approximately $84 million; year-to-date share buybacks as of April 30, 2026, totaled 3.2 million shares for total consideration of $180 million","length":258,"tagName":"p"}]},{"val":[{"type":"text","content":"Released the 2025 Sustainability Report on the Company's website","length":68,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":1553,"olType":false},{"ty...