Ovintiv Inc. (OVV) Tops Q1 EPS by 16c

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Go back to Ovintiv Inc. (OVV) Tops Q1 EPS by 16c

Ovintiv Reports First Quarter 2023 Financial and Operating Results

May 9, 2023 5:05 PM EDT

Operational Outperformance Underpins Strong Financial Results

First Quarter 2023 Highlights:

Generated net earnings of $487 million, cash from operating activities of $1,068 million, Non-GAAP Cash Flow of $851 million and Non-GAAP Free Cash Flow of $241 million after capital expenditures of $610 millionReturned $300 million to shareholders through the combination of base dividend payments and share buybacksCommodity marketing strategy delivered total company average realized oil and condensate price of 97% of WTI and realized natural gas price of 111% of NYMEX, including... More