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Ovintiv/$OVV

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About Ovintiv

Ovintiv is an independent oil and gas producer focused on Canada's Montney and the US' Permian basins. Historically, it has been an acquisitive producer across numerous basins and plays but has divested and exited all but two. It remains an active buyer in the remaining footprint. The firm estimates that it has up to 20 and 15 years of inventory remaining in the Montney and Permian basins, respectively.
Ticker
$OVV
Sector
Energy
Primary listing
NYSE
Employees
1,465

Ovintiv Metrics

BasicAdvanced
$20B
21.00
$3.46
0.54
$1.20
1.65%

What the Analysts think about Ovintiv

Analyst ratings (Buy, Hold, Sell) for Ovintiv stock.
Analyst projections of the future price of Ovintiv stock.

Bulls say / Bears say

Ovintiv generated $682 million of free cash flow in Q2 and produced oil and condensate above the top of guidance. It raised its full-year production outlook without increasing planned capital spending. (Ovintiv)
Its 2026 land deals add 240 drilling locations across the Permian and Montney for about $460 million, while organic improvements bring year-to-date inventory additions to roughly 500 locations. This helps sustain drilling opportunities in its two core basins. (Ovintiv)
The Anadarko sale helped reduce net debt to about $3.0 billion, or 0.6 times adjusted EBITDA, and Ovintiv returned 63% of Q2 free cash flow through dividends and buybacks. Its renewed buy-back programme gives shareholders a further route to benefit from cash generation. (Ovintiv, Ovintiv)
Gas-heavy Montney production is exposed to weak realised gas pricing: in Q2, Ovintiv’s unhedged natural gas price was $1.71 per Mcf, just 59% of NYMEX. That discount can weigh on cash generation even when benchmark prices are stronger. (Ovintiv)
Transportation and processing costs rose to $9.47 per barrel of oil equivalent in Q2 from $7.62 a year earlier. If the increase persists, it will absorb more revenue and constrain free cash flow. (Ovintiv)
Montney output faces operational and royalty pressures: planned plant turnarounds reduced Q2 gas volumes, while higher condensate prices were expected to raise royalties and limit volumes. These constraints could blunt the benefit of stronger commodity prices. (Yahoo Finance)
Data summarised monthly by Lightyear AI. Last updated on 23 Oct 2026.

Ovintiv Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

Ovintiv Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise
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