Declared Dividend • May 14
First quarter dividend of US$0.30 announced Shareholders will receive a dividend of US$0.30. Ex-date: 15th June 2026 Payment date: 30th June 2026 Dividend yield will be 1.9%, which is lower than the industry average of 5.4%. Sustainability & Growth Dividend is well covered by both earnings (40% earnings payout ratio) and cash flows (23% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 103% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Annonce • May 14
Ovintiv Declares Quarterly Dividend, Payable on June 30, 2026 On May 11, 2026, Ovintiv's Board declared a quarterly dividend of $0.30 per share of common stock payable on June 30, 2026, to shareholders of record as of June 15, 2026. Annonce • May 13
Ovintiv Inc. Provides Production Guidance for the Second Quarter of 2026 and Reiterated Full Year of 2026 Ovintiv Inc. provided production guidance for the second quarter of 2026 and reiterated full year of 2026. For the quarter, the company expects total production of 610 MBOE/d to 635 MBOE/d, Oil & Condensate to be 200 Mbbls/d to 205 Mbbls/d, NGLs (C2 - C4) to be 75 Mbbls/d to 80 Mbbls/d and Natural Gas to be 2,000 MMcf/d – 2,100 MMcf/d.
For the full year, the company expects total production of 620 MBOE/d to 645 MBOE/d, Oil & Condensate to be 205 Mbbls/d to 212 Mbbls/d, NGLs (C2 - C4) to be 80 Mbbls/d to 85 Mbbls/d and Natural Gas to be 2,000 MMcf/d – 2,100 MMcf/d. Reported Earnings • May 12
First quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2026 results: US$2.35 loss per share (further deteriorated from US$0.61 loss in 1Q 2025). Revenue: US$2.53b (up 6.6% from 1Q 2025). Net loss: US$630.0m (loss widened 296% from 1Q 2025). Revenue exceeded analyst estimates by 3.8%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Oil and Gas industry in Canada. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance. Annonce • Apr 11
Ovintiv Inc. to Report Q1, 2026 Results on May 11, 2026 Ovintiv Inc. announced that they will report Q1, 2026 results After-Market on May 11, 2026 Annonce • Apr 10
An undisclosed buyer completed the acquisition of Anadarko Assets in Oklahoma of Ovintiv Inc. An undisclosed buyer entered into a definitive agreement to acquire Anadarko Assets in Oklahoma of Ovintiv Inc. for $2.9 billion on January 1, 2026. A cash consideration of $3 billion will be paid by the buyer. The sale includes approximately 360 thousand net acres, which represents substantially all of the Ovintiv Inc's acreage in the play. Month to date production in February is approximately 90 thousand barrels of oil equivalent per day including approximately 27 thousand barrels per day of oil and condensate, approximately 240 million cubic feet per day of natural gas and approximately 23 thousand barrels per day of natural gas liquids. The transaction marks a significant milestone for Ovintiv Inc by focusing on its portfolio, delivering on debt target, and unlocking increased returns to its shareholders.
The sale is subject to the satisfaction of normal closing conditions and customary closing adjustments and is expected to close early in the second quarter of 2026. The transaction receipt of necessary third party consents and governmental approvals, including expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, consummation of the Pre-Closing Reorganization.
Wells Fargo & Company acted as financial advisor to Ovintiv Inc. David Castro Jr, Lindsey Jaquillard, Kyle Watson, Colleen Haile, Maureen O'Brien, Caitlin Pyrce, Stephen Jacobson, Maddison Riddick, Christie Alcala, Mark Dundon, Damien Lyster, Paul Tanaka, Chuck Boyars, Matthew Wheatley, Jordan Roberts, Purun Cheong, Michael Rigdon and Sara Lampert of Kirkland & Ellis LLP acted as legal advisor to Ovintiv Inc. Chris Heasley, John Stavinoha, Bryant Lee, Christine Mainguy, Benjamin Rosemergy, Laura Waller, Peter Todaro, Joshua Marnitz, S. Drew Levin, Robin Hulshizer and J. Patrick Nevins of Latham & Watkins LLP acted as legal advisor to undisclosed buyer.
An undisclosed buyer completed the acquisition of Anadarko Assets in Oklahoma of Ovintiv Inc. on April 9, 2026. Annonce • Mar 26
Ovintiv Inc., Annual General Meeting, May 06, 2026 Ovintiv Inc., Annual General Meeting, May 06, 2026. Recent Insider Transactions • Mar 19
Insider recently sold CA$872k worth of stock On the 13th of March, Meghan Eilers sold around 12k shares on-market at roughly CA$75.27 per share. This transaction amounted to 18% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$7.6m more than they bought in the last 12 months. Declared Dividend • Feb 26
Fourth quarter dividend of US$0.30 announced Shareholders will receive a dividend of US$0.30. Ex-date: 13th March 2026 Payment date: 31st March 2026 Dividend yield will be 2.3%, which is lower than the industry average of 5.4%. Sustainability & Growth Dividend is covered by earnings (25% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 44% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 24
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: US$4.83 (up from US$4.25 in FY 2024). Revenue: US$8.66b (down 3.1% from FY 2024). Net income: US$1.24b (up 10% from FY 2024). Profit margin: 14% (up from 13% in FY 2024). Oil reserves Proven reserves: 442.7 MMbbls Gas reserves Proven reserves: 6933 Bcf LNG reserves Proven reserves: 726.8 MMbbls Combined production Oil equivalent production: 224.3 MMboe (214.1 MMboe in FY 2024) Revenue exceeded analyst estimates by 3.6%. Earnings per share (EPS) also surpassed analyst estimates by 121%. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Oil and Gas industry in Canada. Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Annonce • Feb 21
Ovintiv Inc. Appoints Gregory P. Hill to the Corporate Responsibility and Governance Committee and the Environment, Health and Safety Committee of the Board, Effective February 17, 2026 Ovintiv Inc. announced that on February 15, 2026, the Board appointed Mr. Gregory P. Hill to the Corporate Responsibility and Governance Committee and the Environment, Health and Safety Committee of the Board effective February 17, 2026. Annonce • Feb 19
An undisclosed buyer entered into a definitive agreement to acquire Anadarko Assets in Oklahoma of Ovintiv Inc. for $3 billion. An undisclosed buyer entered into a definitive agreement to acquire Anadarko Assets in Oklahoma of Ovintiv Inc. for $3 billion on February 17, 2026. A cash consideration of $3 billion will be paid by the buyer. The sale includes approximately 360 thousand net acres, which represents substantially all of the Ovintiv Inc's acreage in the play. Month to date production in February is approximately 90 thousand barrels of oil equivalent per day including approximately 27 thousand barrels per day of oil and condensate, approximately 240 million cubic feet per day of natural gas and approximately 23 thousand barrels per day of natural gas liquids. The transaction marks a significant milestone for Ovintiv Inc by focusing on its portfolio, delivering on debt target, and unlocking increased returns to its shareholders. The sale is subject to the satisfaction of normal closing conditions and customary closing adjustments and is expected to close early in the second quarter of 2026.
Wells Fargo & Company acted as financial advisor to Ovintiv Inc. David Castro Jr, Lindsey Jaquillard, Kyle Watson, Colleen Haile, Maureen O'Brien, Caitlin Pyrce, Stephen Jacobson, Maddison Riddick, Christie Alcala, Mark Dundon, Damien Lyster, Paul Tanaka, Chuck Boyars, Matthew Wheatley, Jordan Roberts, Purun Cheong, Michael Rigdon and Sara Lampert of Kirkland & Ellis LLP acted as legal advisor to Ovintiv Inc. Chris Heasley, John Stavinoha, Bryant Lee, Christine Mainguy, Benjamin Rosemergy, Laura Waller, Peter Todaro, Joshua Marnitz, S. Drew Levin, Robin Hulshizer and J. Patrick Nevins of Latham & Watkins LLP acted as legal advisor to undisclosed buyer. Annonce • Jan 30
Ovintiv Inc. Appoints Gregory P. Hill as Independent Board Member, Effective January 30, 2026 Ovintiv Inc. announced that Gregory P. Hill has been appointed as an independent member of its board of directors, effective January 30, 2026. Hill, aged 64, retired in 2025 as President, Worldwide Exploration & Production and Executive Vice President of Hess Corporation. During more than four decades in the energy industry, he held senior leadership roles at Hess, Shell, Aera Energy, and other organizations, leading major global portfolios across North America, Europe, Asia Pacific, and the Middle East. At Hess, Hill oversaw significant portfolio transformation, operational excellence initiatives, and major growth in key regions including Guyana, the Bakken, and the Gulf of America. He previously served in senior executive roles with Shell International E&P in both Europe and Asia, and Aera Energy. Hill holds a Bachelor of Science in Mechanical Engineering (with honors) from the University of Wyoming and received an Honorary Doctorate from the University in 2024. Annonce • Jan 20
Ovintiv Inc. to Report Q4, 2025 Results on Feb 23, 2026 Ovintiv Inc. announced that they will report Q4, 2025 results After-Market on Feb 23, 2026 Recent Insider Transactions • Dec 17
Executive VP & COO recently sold CA$2.8m worth of stock On the 12th of December, Gregory Givens sold around 50k shares on-market at roughly CA$55.59 per share. This transaction amounted to 32% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth CA$3.0m. Gregory has been a net seller over the last 12 months, reducing personal holdings by CA$5.7m. Annonce • Dec 13
Ovintiv Inc. Announces Board Changes Ovintiv Inc. announced that Peter Dea will retire from its Board of Directors (the "Board") effective May 6, 2026. Steven Nance has been unanimously elected by the Board to replace Dea as Board Chairman. Mr. Dea joined the Board in 2010 and has served as Chairman since 2020. With over 40 years of leadership and value creation expertise in the E&P industry, successfully leading both public and private companies, he developed a track record of delivering substantial shareholder value. His experience brought to the Ovintiv Board valuable insight into oil and gas operations, sustainability, strategy, and energy-related policy. Through his personal and professional efforts, Mr. Dea has prioritized sustainability and stewardship and, with his family, established a foundation that supports education, science, and conservation causes. Nance brings over a decade of experience as a corporate director and extensive expertise in governance, M&A and shareholder engagement. He has served on multiple public and private boards, has experience as Lead Director and Committee Chair, and contributed to best-in-class governance practices. He is currently President and Manager of Steele Creek Energy, LLC, a private oil and gas investment firm. He has served on the Ovintiv Board for six years and is currently the Chair of the Environment, Health and Safety Committee. Recent Insider Transactions • Dec 10
Executive VP & COO recently sold CA$3.0m worth of stock On the 4th of December, Gregory Givens sold around 50k shares on-market at roughly CA$59.27 per share. This transaction amounted to 24% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Gregory's only on-market trade for the last 12 months. Upcoming Dividend • Dec 08
Upcoming dividend of US$0.30 per share Eligible shareholders must have bought the stock before 15 December 2025. Payment date: 31 December 2025. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 2.8%. Lower than top quartile of Canadian dividend payers (5.9%). Lower than average of industry peers (4.2%). Declared Dividend • Nov 07
Third quarter dividend of US$0.30 announced Shareholders will receive a dividend of US$0.30. Ex-date: 15th December 2025 Payment date: 31st December 2025 Dividend yield will be 2.9%, which is lower than the industry average of 5.4%. Sustainability & Growth Dividend is not covered by earnings (132% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 46% to bring the payout ratio under control. EPS is expected to grow by 183% over the next 2 years, which is sufficient to bring the dividend into a sustainable range. Reported Earnings • Nov 06
Third quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2025 results: EPS: US$0.58 (down from US$1.93 in 3Q 2024). Revenue: US$2.02b (down 7.3% from 3Q 2024). Net income: US$148.0m (down 71% from 3Q 2024). Profit margin: 7.3% (down from 23% in 3Q 2024). Revenue exceeded analyst estimates by 10%. Earnings per share (EPS) missed analyst estimates by 41%. Revenue is forecast to grow 1.2% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Oil and Gas industry in Canada. Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Annonce • Oct 08
Ovintiv Inc. to Report Q3, 2025 Results on Nov 04, 2025 Ovintiv Inc. announced that they will report Q3, 2025 results After-Market on Nov 04, 2025 Upcoming Dividend • Sep 08
Upcoming dividend of US$0.30 per share Eligible shareholders must have bought the stock before 15 September 2025. Payment date: 29 September 2025. Payout ratio is a comfortable 53% but the company is not cash flow positive. Trailing yield: 2.9%. Lower than top quartile of Canadian dividend payers (5.8%). Lower than average of industry peers (4.5%). Declared Dividend • Jul 28
Second quarter dividend of US$0.30 announced Shareholders will receive a dividend of US$0.30. Ex-date: 15th September 2025 Payment date: 29th September 2025 Dividend yield will be 2.8%, which is lower than the industry average of 5.4%. Sustainability & Growth Dividend is covered by earnings (53% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 224% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jul 25
Second quarter 2025 earnings: EPS and revenues exceed analyst expectations Second quarter 2025 results: EPS: US$1.19 (down from US$1.28 in 2Q 2024). Revenue: US$2.30b (up 4.9% from 2Q 2024). Net income: US$307.0m (down 9.7% from 2Q 2024). Profit margin: 13% (down from 16% in 2Q 2024). Revenue exceeded analyst estimates by 17%. Earnings per share (EPS) also surpassed analyst estimates by 15%. Revenue is forecast to stay flat during the next 3 years compared to a 3.6% growth forecast for the Oil and Gas industry in Canada. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Annonce • Jul 11
Ovintiv Inc. to Report Q2, 2025 Results on Jul 24, 2025 Ovintiv Inc. announced that they will report Q2, 2025 results After-Market on Jul 24, 2025 Upcoming Dividend • Jun 06
Upcoming dividend of US$0.30 per share Eligible shareholders must have bought the stock before 13 June 2025. Payment date: 30 June 2025. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Canadian dividend payers (6.2%). Lower than average of industry peers (4.8%). Valuation Update With 7 Day Price Move • May 14
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CA$54.43, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 9x in the Oil and Gas industry in Canada. Negligible returns to shareholders over past three years. Declared Dividend • May 09
First quarter dividend of US$0.30 announced Shareholders will receive a dividend of US$0.30. Ex-date: 13th June 2025 Payment date: 30th June 2025 Dividend yield will be 3.1%, which is lower than the industry average of 5.4%. Sustainability & Growth Dividend is covered by both earnings (50% earnings payout ratio) and cash flows (22% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 142% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • May 08
First quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2025 results: US$0.61 loss per share (down from US$1.25 profit in 1Q 2024). Revenue: US$2.38b (flat on 1Q 2024). Net loss: US$159.0m (down 147% from profit in 1Q 2024). Revenue exceeded analyst estimates by 4.0%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to stay flat during the next 3 years compared to a 3.1% growth forecast for the Oil and Gas industry in Canada. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to CA$46.91, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 9x in the Oil and Gas industry in Canada. Total loss to shareholders of 23% over the past three years. Annonce • Mar 27
Ovintiv Inc. to Report Q1, 2025 Results on May 06, 2025 Ovintiv Inc. announced that they will report Q1, 2025 results After-Market on May 06, 2025 Declared Dividend • Mar 02
Fourth quarter dividend of US$0.30 announced Shareholders will receive a dividend of US$0.30. Ex-date: 14th March 2025 Payment date: 31st March 2025 Dividend yield will be 2.5%, which is lower than the industry average of 5.4%. Sustainability & Growth Dividend is well covered by both earnings (28% earnings payout ratio) and cash flows (26% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 57% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Annonce • Mar 01
Ovintiv Inc. Appoints Terri G. King to the Environment, Health and Safety Committee and the Reserves Committee of the Board On February 21, 2025, the Board of Ovintiv Inc. appointed Ms. Terri G. King to the Environment, Health and Safety Committee and the Reserves Committee of the Board effective February 21, 2025. Reported Earnings • Feb 27
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: US$4.25 (down from US$8.02 in FY 2023). Revenue: US$9.08b (down 15% from FY 2023). Net income: US$1.13b (down 46% from FY 2023). Profit margin: 12% (down from 20% in FY 2023). Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) also missed analyst estimates by 28%. Revenue is forecast to grow 3.7% p.a. on average during the next 2 years, compared to a 2.6% growth forecast for the Oil and Gas industry in Canada. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Annonce • Feb 03
Ovintiv Inc., Annual General Meeting, May 01, 2025 Ovintiv Inc., Annual General Meeting, May 01, 2025. Annonce • Jan 28
Ovintiv Inc. Appoints Terri King to Board of Directors, Effective January 31, 2025 Ovintiv Inc. announced that Terri G. King has been named as an independent member of its board of directors, effective January 31, 2025. King, 63, retired from ConocoPhillips Company (ConocoPhillips) in 2023 as Chief Commercial Officer and Vice President. During her lengthy career with ConocoPhillips, she held various roles including President, Lower 48; President, Europe & North Africa; President, United Kingdom; and General Manager of Global Production. King received her Bachelor of Science degree in engineering science from Trinity University and a Master of Business Administration degree from the University of Houston. She is a licensed Professional Engineer. Ovintiv maintains an ongoing Board refreshment process. King's appointment marks the Company's third new independent director in as many years. Annonce • Jan 17
Ovintiv Inc. to Report Q4, 2024 Results on Feb 26, 2025 Ovintiv Inc. announced that they will report Q4, 2024 results at 4:00 PM, US Eastern Standard Time on Feb 26, 2025 Upcoming Dividend • Dec 06
Upcoming dividend of US$0.30 per share Eligible shareholders must have bought the stock before 13 December 2024. Payment date: 31 December 2024. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of Canadian dividend payers (6.1%). Lower than average of industry peers (4.5%). Declared Dividend • Nov 11
Third quarter dividend of US$0.30 announced Shareholders will receive a dividend of US$0.30. Ex-date: 13th December 2024 Payment date: 31st December 2024 Dividend yield will be 2.5%, which is lower than the industry average of 5.4%. Sustainability & Growth Dividend is well covered by both earnings (16% earnings payout ratio) and cash flows (18% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 11% over the next 2 years. However, it would need to fall by 83% to increase the payout ratio to a potentially unsustainable range. Reported Earnings • Nov 08
Third quarter 2024 earnings: EPS and revenues exceed analyst expectations Third quarter 2024 results: EPS: US$1.93 (up from US$1.48 in 3Q 2023). Revenue: US$2.31b (down 21% from 3Q 2023). Net income: US$507.0m (up 25% from 3Q 2023). Profit margin: 22% (up from 14% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 7.9%. Earnings per share (EPS) also surpassed analyst estimates by 58%. Revenue is expected to decline by 2.1% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Canada are expected to grow by 1.3%. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Annonce • Oct 12
Ovintiv Inc. to Report Q3, 2024 Results on Nov 07, 2024 Ovintiv Inc. announced that they will report Q3, 2024 results After-Market on Nov 07, 2024 Valuation Update With 7 Day Price Move • Oct 03
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CA$58.22, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 8x in the Oil and Gas industry in Canada. Total returns to shareholders of 33% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CA$106 per share. New Risk • Sep 16
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.5% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.5% per year for the foreseeable future. Minor Risks High level of debt (59% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (19% net profit margin). Upcoming Dividend • Sep 06
Upcoming dividend of US$0.30 per share Eligible shareholders must have bought the stock before 13 September 2024. Payment date: 27 September 2024. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of Canadian dividend payers (6.0%). Lower than average of industry peers (4.7%). Declared Dividend • Aug 02
Second quarter dividend of US$0.30 announced Shareholders will receive a dividend of US$0.30. Ex-date: 13th September 2024 Payment date: 27th September 2024 Dividend yield will be 2.6%, which is lower than the industry average of 5.4%. Sustainability & Growth Dividend is well covered by both earnings (17% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 22% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 01
Second quarter 2024 earnings: EPS and revenues miss analyst expectations Second quarter 2024 results: EPS: US$1.28. Revenue: US$2.19b (down 6.8% from 2Q 2023). Net income: US$340.0m (up 1.2% from 2Q 2023). Profit margin: 16% (up from 14% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 5.5%. Earnings per share (EPS) also missed analyst estimates by 5.1%. Revenue is forecast to stay flat during the next 3 years compared to a 4.9% growth forecast for the Oil and Gas industry in Canada. Annonce • Jul 12
Ovintiv Inc. to Report Q2, 2024 Results on Jul 30, 2024 Ovintiv Inc. announced that they will report Q2, 2024 results After-Market on Jul 30, 2024 New Risk • Jun 10
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 1.6% per year for the foreseeable future. Minor Risks High level of debt (60% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (19% net profit margin). Shareholders have been diluted in the past year (9.2% increase in shares outstanding). Significant insider selling over the past 3 months (CA$6.4m sold). Upcoming Dividend • Jun 07
Upcoming dividend of US$0.30 per share Eligible shareholders must have bought the stock before 14 June 2024. Payment date: 28 June 2024. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Canadian dividend payers (6.3%). Lower than average of industry peers (4.8%). Buy Or Sell Opportunity • Jun 03
Now 25% undervalued The stock has been flat over the last 90 days, currently trading at CA$65.96. The fair value is estimated to be CA$87.36, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 2.8% in 2 years. Earnings are forecast to decline by 0.2% in the next 2 years. New Risk • May 24
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.1% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.1% per year for the foreseeable future. Minor Risks High level of debt (60% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (19% net profit margin). Shareholders have been diluted in the past year (9.5% increase in shares outstanding). Significant insider selling over the past 3 months (CA$7.1m sold). Recent Insider Transactions • May 17
Independent Director recently sold CA$821k worth of stock On the 13th of May, Steven Nance sold around 12k shares on-market at roughly CA$68.41 per share. This transaction amounted to 22% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth CA$5.3m. Insiders have been net sellers, collectively disposing of CA$8.3m more than they bought in the last 12 months. Declared Dividend • May 10
First quarter dividend of US$0.30 announced Shareholders will receive a dividend of US$0.30. Ex-date: 14th June 2024 Payment date: 28th June 2024 Dividend yield will be 2.2%, which is lower than the industry average of 5.4%. Sustainability & Growth Dividend is well covered by both earnings (17% earnings payout ratio) and cash flows (31% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 15% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • May 08
First quarter 2024 earnings: EPS and revenues miss analyst expectations First quarter 2024 results: EPS: US$1.25 (down from US$1.99 in 1Q 2023). Revenue: US$2.33b (down 10.0% from 1Q 2023). Net income: US$338.0m (down 31% from 1Q 2023). Profit margin: 14% (down from 19% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 12%. Earnings per share (EPS) also missed analyst estimates by 10%. Revenue is forecast to stay flat during the next 3 years compared to a 5.6% growth forecast for the Oil and Gas industry in Canada. Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Apr 30
Now 20% undervalued Over the last 90 days, the stock has risen 24% to CA$70.62. The fair value is estimated to be CA$88.68, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 0.5% per annum. Earnings are forecast to decline by 3.0% per annum over the same time period. Buy Or Sell Opportunity • Apr 15
Now 21% undervalued Over the last 90 days, the stock has risen 33% to CA$72.48. The fair value is estimated to be CA$91.86, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 0.2% per annum. Earnings are forecast to decline by 3.9% per annum over the same time period. Annonce • Apr 09
Ovintiv Inc. to Report Q1, 2024 Results on May 07, 2024 Ovintiv Inc. announced that they will report Q1, 2024 results on May 07, 2024 New Risk • Mar 21
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.5% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 1.5% per year for the foreseeable future. Minor Risks High level of debt (55% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (12% increase in shares outstanding). Significant insider selling over the past 3 months (CA$6.3m sold). Recent Insider Transactions • Mar 15
Executive Vice President of Midstream recently sold CA$5.3m worth of stock On the 14th of March, Renee Zemljak sold around 76k shares on-market at roughly CA$68.88 per share. This transaction amounted to 73% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$7.5m more than they bought in the last 12 months. Annonce • Mar 10
Ovintiv Inc. Eliminates Renee E. Zemljak as Executive Vice-President, Midstream, Marketing & Fundamentals, Effective April 1, 2024 On March 7, 2024, Ovintiv Inc. announced that it will eliminate the role of Executive Vice-President, Midstream, Marketing & Fundamentals of the Company, and as a result, Renee E. Zemljak will no longer serve in the role effective as of April 1, 2024. On March 7, 2024, the Company and Ms. Zemljak also entered into a transition services and separation agreement. Pursuant to the Transition Agreement, Ms. Zemljak will remain a non-officer Senior Advisor to the Company to advise on matters relating to the transition through December 1, 2024, (the period from April 1, 2024, through Ms. Zemljak’s actual separation date, the “Transition Period”). Ms. Zemljak will retire at the expiration of the Transition Period. Upcoming Dividend • Mar 07
Upcoming dividend of US$0.30 per share Eligible shareholders must have bought the stock before 14 March 2024. Payment date: 28 March 2024. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Canadian dividend payers (6.5%). Lower than average of industry peers (5.2%). Recent Insider Transactions • Mar 06
Insider recently sold CA$639k worth of stock On the 1st of March, Rachel Moore sold around 9k shares on-market at roughly CA$68.68 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$2.3m more than they bought in the last 12 months. Declared Dividend • Mar 01
Fourth quarter dividend of US$0.30 announced Shareholders will receive a dividend of US$0.30. Ex-date: 14th March 2024 Payment date: 28th March 2024 Dividend yield will be 2.2%, which is lower than the industry average of 5.4%. Sustainability & Growth Dividend is well covered by both earnings (14% earnings payout ratio) and cash flows (23% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 16% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 28
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: US$8.02 (down from US$14.34 in FY 2022). Revenue: US$10.8b (down 24% from FY 2022). Net income: US$2.09b (down 43% from FY 2022). Profit margin: 19% (down from 26% in FY 2022). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 13%. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Oil and Gas industry in Canada. Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Feb 10
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 9.1% to CA$55.93. The fair value is estimated to be CA$70.05, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 1.8% per annum. Earnings are forecast to decline by 1.7% per annum over the same time period. Annonce • Feb 06
Ovintiv Inc., Annual General Meeting, May 02, 2024 Ovintiv Inc., Annual General Meeting, May 02, 2024. Annonce • Jan 27
Ovintiv Inc. to Report Q4, 2023 Results on Feb 27, 2024 Ovintiv Inc. announced that they will report Q4, 2023 results After-Market on Feb 27, 2024 Annonce • Jan 12
Ovintiv Inc. Appoints Sippy Chhina as Independent Member of Its Board of Directors, Effective January 15, 2024 Ovintiv Inc. announced that Sippy Chhina has been named as an independent member of its board of directors, effective January 15, 2024. Chhina, 57, recently retired as a Partner at Deloitte Canada LLP, a leading multinational professional services network, where she held various roles since 2006. In addition to her client responsibilities, she also served as a member on the Board of Deloitte Canada and was a Vice Chair of the Firm. Prior to joining Deloitte Canada, Chhina served in roles of increasing responsibility with BDO LLP, including Partner from 1999 to 2006. She brings deep technical expertise in accounting, audit and financial reporting matters, extensive energy industry experience and professional services experience. Chhina immigrated to Canada from India in 1985, is a Chartered Professional Accountant and has her ICD.D designation from the Institute of Corporate Directors. Annonce • Dec 14
Ovintiv Inc. Announces Retirement of Katherine L. Minyard as Director, Effective December 31, 2023 On December 12, 2023, Katherine L. Minyard notified the Board of Directors of Ovintiv Inc. (Corporation) that she will retire as a director of the Corporation effective December 31, 2023. Ms. Minyard’s decision to retire was not based on any disagreement with the Corporation on any matter relating to the Corporation’s operations, policies or practices. The Board has fixed the number of directors at eleven effective the end of her term. Recent Insider Transactions Derivative • Dec 07
President exercised options and sold CA$1.1m worth of stock On the 4th of December, Brendan McCracken exercised options to acquire 18k shares at no cost and sold these for an average price of CA$59.90 per share. This trade did not impact their existing holding. For the year to December 2019, Brendan's total compensation was 10% salary and 90% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2023, Brendan has owned 139.83k shares directly. Company insiders have collectively sold CA$27m more than they bought, via options and on-market transactions in the last 12 months. Upcoming Dividend • Dec 07
Upcoming dividend of US$0.30 per share at 2.9% yield Eligible shareholders must have bought the stock before 14 December 2023. Payment date: 29 December 2023. Payout ratio is a comfortable 11% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of Canadian dividend payers (6.6%). Lower than average of industry peers (5.2%). Recent Insider Transactions • Dec 02
Independent Director recently sold CA$775k worth of stock On the 29th of November, Steven Nance sold around 13k shares on-market at roughly CA$59.59 per share. This transaction amounted to 35% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$5.5m more than they bought in the last 12 months. Reported Earnings • Nov 09
Third quarter 2023 earnings: EPS and revenues miss analyst expectations Third quarter 2023 results: EPS: US$1.48 (down from US$4.70 in 3Q 2022). Revenue: US$2.63b (down 28% from 3Q 2022). Net income: US$406.0m (down 66% from 3Q 2022). Profit margin: 15% (down from 33% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 6.3%. Earnings per share (EPS) also missed analyst estimates by 15%. Revenue is expected to decline by 2.1% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Canada are expected to grow by 4.7%. Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has only increased by 63% per year, which means it is significantly lagging earnings growth. Annonce • Oct 11
Ovintiv Inc. to Report Q3, 2023 Results on Nov 07, 2023 Ovintiv Inc. announced that they will report Q3, 2023 results on Nov 07, 2023 Annonce • Sep 12
Ovintiv Inc. has completed a Follow-on Equity Offering in the amount of $681.75 million. Ovintiv Inc. has completed a Follow-on Equity Offering in the amount of $681.75 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 15,000,000
Price\Range: $45.45 Upcoming Dividend • Sep 07
Upcoming dividend of US$0.30 per share at 2.5% yield Eligible shareholders must have bought the stock before 14 September 2023. Payment date: 29 September 2023. Payout ratio is a comfortable 7.8% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Canadian dividend payers (6.2%). Lower than average of industry peers (5.0%). Recent Insider Transactions Derivative • Aug 11
President exercised options and sold CA$1.4m worth of stock On the 7th of August, Brendan McCracken exercised options to acquire 22k shares at no cost and sold these for an average price of CA$63.03 per share. This trade did not impact their existing holding. For the year to December 2019, Brendan's total compensation was 10% salary and 90% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since September 2022, Brendan's direct individual holding has increased from 56.16k shares to 139.83k. Company insiders have collectively sold CA$28m more than they bought, via options and on-market transactions in the last 12 months. Annonce • Jul 30
Ovintiv Inc. Revises Production Guidance for the Year 2023 and Provides Production Guidance for the Third Quarter of 2023, Second-Half and Full Year of 2024 Ovintiv Inc. revised production guidance for the year 2023 and provided production guidance for the third quarter of 2023, second-half and full year of 2024. For the full year 2023, the company expects revised total production to be in the range of 535 MBOE/d to 550 MBOE/d compared to previously expected total production to be in the range of 521 MBOE/d to 546 MBOE/d. For the third quarter of 2023, the company expects total production to be in the range of 540 MBOE/d to 560 MBOE/d. In 2024, the company expects to deliver total company average oil and condensate production volumes of greater than 200 Mbbls/d. The company's production profile is expected to normalize by mid-year 2024 with second-half 2024 oil and condensate production stabilizing at 200 Mbbls/d. Annonce • Jul 29
Ovintiv Inc. Declares Quarterly Dividend, Payable on September 29, 2023 On July 27, 2023, Ovintiv Inc.'s board declared a quarterly dividend of $0.30 per share of common stock payable on September 29, 2023, to shareholders of record as of September 15, 2023.