| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 2.6K | 8.5% |
| Total Income | 2.6K | 8.5% |
| Expenditure | 3.3K | 33.3% |
| PBT | -827.00 | 328.5% |
| Net Profit | -630.00 | 296.2% |
| OPM | -29.26% | 25.51pp |
| NPM | -24.45% | 17.75pp |
| EPS | -2.35 | 285.3% |
Ovintiv Reports Q1 2026 Results: Cash from Operations at $1.1 Billion
12 May 2026 · 12 May, 2:37 am
Summary
Ovintiv Inc. reported its first quarter 2026 financial and operating results, highlighting a net loss of $630 million, or $2.35 per share diluted, including non-cash ceiling test impairments. The company generated cash from operating activities of $1.1 billion and Non-GAAP Cash Flow of $1.2 billion. Average total production volumes were approximately 679 MBOE/d. The company's full year production volumes are expected to average 620 to 645 MBOE/d, with full year expected capital investment of $2.25 billion to $2.35 billion.
Key Highlights
- 1
Ovintiv generated first quarter cash from operating activities of $1.1 billion and Non-GAAP Cash Flow of $1.2 billion.
- 2
The company produced average first quarter volumes of 679 thousand barrels of oil equivalent per day.
- 3
Ovintiv closed the acquisition of NuVista Energy Ltd., adding approximately 100 MBOE/d of production for approximately $2.8 billion.
- 4
The company closed the sale of the Company’s Anadarko assets in April for total cash proceeds of approximately $2.85 billion.
- 5
Net Debt was less than $3.3 billion as of April 30, 2026, approximately 40% lower than one year prior.
- 6
Ovintiv resumed share buybacks in March with the repurchase of approximately 1.5 million shares for total consideration of approximately $84 million.
- 7
The company released the 2025 Sustainability Report on the Company’s website.
Management Comments
Brendan McCracken
“We’ve built a track record of leading execution efficiency and disciplined capital allocation and now we’ve combined those strengths with best-in-class inventory depth in the two best E&P assets, and a clean balance sheet,” said Ovintiv President and CEO, Brendan McCracken. “With the enhanced stability of our business today, we are intensely focused on efficient execution and profitability. Our strong first quarter continues to demonstrate differentiated results that reflect the moat we have created through disciplined portfolio management and stacked innovation.” “We take our role as a responsible producer seriously,” said McCracken. “We are proud of our track record of integrating tangible actions into our business that allow us to deliver superior returns to our shareholders while continuing to make progress on sustainability outcomes.”
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