Reported Earnings • Jul 24
Second quarter 2026 earnings released: EPS: US$1.63 (vs US$1.19 in 2Q 2025) Second quarter 2026 results: EPS: US$1.63 (up from US$1.19 in 2Q 2025). Revenue: US$2.99b (up 35% from 2Q 2025). Net income: US$456.0m (up 49% from 2Q 2025). Profit margin: 15% (up from 14% in 2Q 2025). Revenue is forecast to stay flat during the next 3 years compared to a 7.0% growth forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Annuncio • Jul 02
Ovintiv Inc. to Report Q2, 2026 Results on Jul 23, 2026 Ovintiv Inc. announced that they will report Q2, 2026 results After-Market on Jul 23, 2026 Upcoming Dividend • Jun 08
Upcoming dividend of US$0.30 per share Eligible shareholders must have bought the stock before 15 June 2026. Payment date: 30 June 2026. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (4.5%). Declared Dividend • May 20
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 2.1%, which is lower than the industry average of 3.1%. 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 109% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Annuncio • 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 Annuncio • 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. Annuncio • Mar 26
Ovintiv Inc., Annual General Meeting, May 06, 2026 Ovintiv Inc., Annual General Meeting, May 06, 2026. Annuncio • 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. Annuncio • 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. Annuncio • 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. Annuncio • 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 Annuncio • 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. Annuncio • 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 Annuncio • 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 Annuncio • 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 Annuncio • 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. Annuncio • Feb 03
Ovintiv Inc., Annual General Meeting, May 01, 2025 Ovintiv Inc., Annual General Meeting, May 01, 2025. Annuncio • 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. Annuncio • 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 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 2.8%, which is lower than the industry average of 3.1%. 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 released: EPS: US$1.93 (vs US$1.48 in 3Q 2023) 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 is forecast to decline by 2.1% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Europe are expected to remain flat. 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 6% per year, which means it is significantly lagging earnings growth. Annuncio • 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 05
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €38.74, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 5x in the Oil and Gas industry in Europe. Total returns to shareholders of 29% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €74.30 per share. New Risk • Sep 17
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 German dividend payers (4.8%). Higher than average of industry peers (2.6%). New Risk • Sep 05
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.6% 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 0.6% 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). Declared Dividend • Aug 05
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 2.8%, which is lower than the industry average of 3.1%. 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 24% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jul 31
Second quarter 2024 earnings released: EPS: US$1.28 (vs US$1.35 in 2Q 2023) Second quarter 2024 results: EPS: US$1.28. Revenue: US$2.27b (down 3.5% from 2Q 2023). Net income: US$340.0m (up 1.2% from 2Q 2023). Profit margin: 15% (in line with 2Q 2023). Revenue is forecast to stay flat during the next 3 years compared to a 36% growth forecast for the Oil and Gas industry in Germany. Annuncio • 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 (€4.3m 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 German dividend payers (4.5%). Lower than average of industry peers (3.4%). 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 (€4.8m sold). Declared Dividend • May 13
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 2.4%, which is lower than the industry average of 3.1%. 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 released: EPS: US$1.25 (vs US$1.99 in 1Q 2023) 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 is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Oil and Gas industry in Germany. 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 32% per year, which means it is significantly lagging earnings growth. Annuncio • 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 (€4.3m sold). Recent Insider Transactions • Mar 15
Executive Vice President of Midstream recently sold €3.6m worth of stock On the 14th of March, Renee Zemljak sold around 76k shares on-market at roughly €46.79 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 €5.1m more than they bought in the last 12 months. Annuncio • 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 German dividend payers (5.1%). Lower than average of industry peers (3.4%). Declared Dividend • Mar 04
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 2.4%, which is lower than the industry average of 3.1%. 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 11% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 28
Full year 2023 earnings released: EPS: US$8.02 (vs US$14.34 in FY 2022) 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 is forecast to grow 2.6% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to remain flat. 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 25% per year, which means it is significantly lagging earnings growth. Annuncio • Feb 06
Ovintiv Inc., Annual General Meeting, May 02, 2024 Ovintiv Inc., Annual General Meeting, May 02, 2024. Buy Or Sell Opportunity • Feb 04
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 15% to €38.54. The fair value is estimated to be €48.18, 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 2.0% per annum. Earnings are forecast to decline by 1.7% per annum over the same time period. Annuncio • 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 Buying Opportunity • Jan 18
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 23%. The fair value is estimated to be €47.14, 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 1.4% per annum. Earnings is forecast to decline by 1.4% per annum over the same time period. Annuncio • 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. Annuncio • 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. 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 German dividend payers (5.2%). In line with average of industry peers (2.9%). Reported Earnings • Nov 08
Third quarter 2023 earnings released: EPS: US$1.48 (vs US$4.70 in 3Q 2022) 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 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 Germany are expected to grow by 2.3%. 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 65% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 13
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €48.00, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 6x in the Oil and Gas industry in Europe. Total returns to shareholders of 522% over the past three years. Annuncio • 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 Annuncio • 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 2.6% 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: 2.6%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (2.3%). Annuncio • 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. Annuncio • 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. Reported Earnings • Jul 28
Second quarter 2023 earnings released: EPS: US$1.35 (vs US$5.28 in 2Q 2022) Second quarter 2023 results: EPS: US$1.35 (down from US$5.28 in 2Q 2022). Revenue: US$2.50b (down 38% from 2Q 2022). Net income: US$336.0m (down 75% from 2Q 2022). Profit margin: 13% (down from 34% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 7.9% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 1.4%. Over the last 3 years on average, earnings per share has increased by 112% per year but the company’s share price has only increased by 69% per year, which means it is significantly lagging earnings growth. Annuncio • Jun 30
Ovintiv Inc. to Report Q2, 2023 Results on Jul 27, 2023 Ovintiv Inc. announced that they will report Q2, 2023 results After-Market on Jul 27, 2023 New Risk • Jun 13
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 7.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 25% per year for the foreseeable future. High level of non-cash earnings (20% accrual ratio). Minor Risks High level of debt (47% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.2% average weekly change). Shareholders have been diluted in the past year (7.0% increase in shares outstanding). Annuncio • Jun 13
Ovintiv Inc. Updates the Production Guidance for Second Quarter and Full Year of 2023 Ovintiv Inc. updated the production guidance for second quarter and full year of 2023. For the second quarter, the company expects the Total Production of 520 to 540 MBOE/d against previous guidance of 515 MBOE/d to 535 MBOE/d. Oil & Condensate of 175 to 179 MBOE/d against previous guidance of 170 MBOE/d to 174 MBOE/d.For the year, the company expects the Total Production of 521 to 546 MBOE/d against previous guidance of 520 MBOE/d to 545 MBOE/d. Oil & Condensate of 186 to 196 MBOE/d against previous guidance of 185 MBOE/d to 195 MBOE/d. Upcoming Dividend • Jun 07
Upcoming dividend of US$0.30 per share at 3.3% yield Eligible shareholders must have bought the stock before 14 June 2023. Payment date: 30 June 2023. Payout ratio is a comfortable 5.7% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.4%). Annuncio • May 11
Ovintiv Inc. Provides Production Guidance for the Second Quarter and Reaffirms Production Guidance for the Full Year 2023 and Provides Production Guidance for the Year 2024 Ovintiv Inc. provided production guidance for the second quarter and reaffirmed production guidance for the full year 2023 and provided production guidance for the year 2024. For the second quarter, the company expects total production to be in the range of 515 MBOE/d to 535 MBOE/d. For the full year, the company expects total production to be in the range of 520 MBOE/d to 545 MBOE/d. The company expects to deliver 2024 total company average oil and condensate production volumes of greater than 200 Mbbls/d with total capital investment of $2.1 billion to $2.5 billion, following the integration of the recently announced Midland Basin acquisition and the Bakken divestiture. Reported Earnings • May 10
First quarter 2023 earnings released: EPS: US$1.99 (vs US$0.94 loss in 1Q 2022) First quarter 2023 results: EPS: US$1.99 (up from US$0.94 loss in 1Q 2022). Revenue: US$2.53b (down 26% from 1Q 2022). Net income: US$487.0m (up US$728.0m from 1Q 2022). Profit margin: 19% (up from net loss in 1Q 2022). The move to profitability was driven by lower expenses. Revenue is forecast to stay flat during the next 3 years compared to a 2.2% growth forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has only increased by 78% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €36.48, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 5x in the Oil and Gas industry in Europe. Total returns to shareholders of 1,402% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €55.45 per share. Upcoming Dividend • Mar 07
Upcoming dividend of US$0.25 per share at 2.3% yield Eligible shareholders must have bought the stock before 14 March 2023. Payment date: 31 March 2023. Payout ratio is a comfortable 6.6% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (1.4%). Recent Insider Transactions • Mar 03
Independent Director recently sold €129k worth of stock On the 2nd of March, Howard Mayson sold around 3k shares on-market at roughly €43.02 per share. This transaction amounted to 12% 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 €698k more than they bought in the last 12 months. Reported Earnings • Feb 28
Full year 2022 earnings released: EPS: US$14.34 (vs US$5.44 in FY 2021) Full year 2022 results: EPS: US$14.34 (up from US$5.44 in FY 2021). Revenue: US$12.4b (up 18% from FY 2021). Net income: US$3.64b (up 157% from FY 2021). Profit margin: 29% (up from 14% in FY 2021). The increase in margin was primarily driven by higher revenue. Revenue is expected to decline by 4.6% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 7.2%. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 63% per year, which means it is significantly lagging earnings growth. Annuncio • Feb 03
Ovintiv Inc., Annual General Meeting, May 03, 2023 Ovintiv Inc., Annual General Meeting, May 03, 2023. Buying Opportunity • Feb 02
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 18%. The fair value is estimated to be €54.25, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to decline by 2.3% per annum. Earnings is also forecast to decline by 2.2% per annum over the same time period. Annuncio • Jan 18
Ovintiv Inc. to Report Q4, 2022 Results on Feb 27, 2023 Ovintiv Inc. announced that they will report Q4, 2022 results After-Market on Feb 27, 2023 Buying Opportunity • Dec 10
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 9.1%. The fair value is estimated to be €58.85, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to decline by 1.0% per annum. Earnings is also forecast to decline by 5.3% per annum over the same time period. Upcoming Dividend • Dec 07
Upcoming dividend of US$0.25 per share Eligible shareholders must have bought the stock before 14 December 2022. Payment date: 30 December 2022. Payout ratio is a comfortable 5.8% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of German dividend payers (4.9%). Higher than average of industry peers (1.0%). Recent Insider Transactions • Nov 23
Independent Director recently sold €141k worth of stock On the 14th of November, Howard Mayson sold around 3k shares on-market at roughly €54.38 per share. This transaction amounted to 9.6% 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 €537k more than they bought in the last 12 months. Reported Earnings • Nov 10
Third quarter 2022 earnings released: EPS: US$4.70 (vs US$0.28 loss in 3Q 2021) Third quarter 2022 results: EPS: US$4.70 (up from US$0.28 loss in 3Q 2021). Revenue: US$3.64b (up 34% from 3Q 2021). Net income: US$1.19b (up US$1.26b from 3Q 2021). Profit margin: 33% (up from net loss in 3Q 2021). The move to profitability was primarily driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 4.6% decline forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth. Annuncio • Oct 14
Ovintiv Inc. to Report Q3, 2022 Results on Nov 08, 2022 Ovintiv Inc. announced that they will report Q3, 2022 results After-Market on Nov 08, 2022 Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment deteriorated over the past week After last week's 15% share price decline to €41.60, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 4x in the Oil and Gas industry in Europe. Total returns to shareholders of 122% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €78.31 per share. Upcoming Dividend • Sep 07
Upcoming dividend of US$0.25 per share Eligible shareholders must have bought the stock before 14 September 2022. Payment date: 30 September 2022. Payout ratio is a comfortable 7.8% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (1.0%). 
