Ovintiv Inc. (OVV) Reports Q3 Loss Per Share of $0.28

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Go back to Ovintiv Inc. (OVV) Reports Q3 Loss Per Share of $0.28

Ovintiv Reports Third Quarter 2021 Financial and Operating Results

November 2, 2021 5:15 PM EDT

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 during the quarter with operational efficiency gains and supply chain management Implemented a new capital allocation framework to increase cash returns to shareholders through share... More