Ovintiv Inc.

Ovintiv Inc. announced strong second quarter 2026 financial and operating results, reporting Non-GAAP Cash Flow of $1.3 billion and Non-GAAP Free Cash Flow of $682 million. The company raised its full-year 2026 production guidance while keeping capital investment unchanged, and declared a quarterly dividend of $0.30 per share. Ovintiv also returned $345 million to shareholders through buybacks and significantly reduced net debt to $2.995 billion following the sale of its Anadarko assets.

Ovintiv Inc. reported a first-quarter 2026 net loss of $630 million, or $2.35 per diluted share, primarily due to $1.2 billion in non-cash ceiling test impairments. Despite the loss, the company generated $1.2 billion in Non-GAAP Cash Flow and $634 million in Non-GAAP Free Cash Flow, with average daily production of 679 MBOE/d at the high end of guidance. The Board declared a quarterly dividend of $0.30 per share. Ovintiv also significantly reduced its Net Debt to less than $3.3 billion by April 30, 2026, following the sale of Anadarko assets and redemption of $700 million in senior notes, and resumed share buybacks.

Ovintiv Inc. announced the results of its 2026 Annual Meeting of Shareholders held on May 6, 2026. All director nominees listed in the proxy statement were successfully elected. Shareholders also approved the non-binding advisory vote on named executive officer compensation with 96.66% of votes for, and ratified PricewaterhouseCoopers LLP as independent auditors with 97.66% of votes for.

Ovintiv Inc. has successfully completed the sale of approximately 360,000 net acres in west-central Oklahoma's Anadarko Basin to MidCon II BuyerCo, LLC for $2.9 billion in cash, after preliminary closing adjustments. This strategic divestiture, which had an effective date of January 1, 2026, allows the company to significantly strengthen its balance sheet. Following the closing of this sale, Ovintiv intends to fully repay and terminate its C$1.57 billion Two-Year Term Credit Agreement on April 10, 2026. This credit facility was originally established to finance the acquisition of NuVista Energy Ltd., which closed on February 3, 2026.