Ovintiv Past Earnings Performance
Past criteria checks 2/6
Ovintiv has been growing earnings at an average annual rate of 38%, while the Oil and Gas industry saw earnings growing at 38% annually. Revenues have been growing at an average rate of 17.1% per year. Ovintiv's return on equity is 18.9%, and it has net margins of 18.5%.
Key information
38.0%
Earnings growth rate
37.1%
EPS growth rate
| Oil and Gas Industry Growth | 33.7% |
| Revenue growth rate | 17.1% |
| Return on equity | 18.9% |
| Net Margin | 18.5% |
| Last Earnings Update | 31 Mar 2024 |
Recent past performance updates
Recent updates
Ovintiv Inc.'s (NYSE:OVV) CEO Looks Like They Deserve Their Pay Packet
Apr 26
We Think Ovintiv (NYSE:OVV) Is Taking Some Risk With Its Debt
Apr 19Ovintiv Inc.'s (NYSE:OVV) Price Is Right But Growth Is Lacking
Apr 05Ovintiv: Projecting 2024 FCF At Around $1.8 Billion To $1.9 Billion
Mar 22Ovintiv (NYSE:OVV) Is Doing The Right Things To Multiply Its Share Price
Mar 21Ovintiv: Still Light On Oil Reserves
Mar 03Ovintiv Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions
Mar 01Estimating The Intrinsic Value Of Ovintiv Inc. (NYSE:OVV)
Feb 25Ovintiv: A Wait-And-See Opportunity With Long-Term Upside
Jan 11Ovintiv: Operational Improvement But Debt Reduction A Headwind (Rating Downgrade)
Nov 09Ovintiv May Generate Around $3 Billion In Free Cash Flow By The End Of 2024
Sep 27Ovintiv Maintains Enhanced Prospects With Strong Assets And Core Midland Acquisition
Jul 24Ovintiv Q4 2022 Earnings Preview
Feb 26Credit Suisse expands 'Top of the Crop' list to five stocks
Jan 16Ovintiv: Hedges Will Roll In 2023, Priced At Approximately 4x FCF
Nov 16Ovintiv declares $0.25 dividend
Nov 08Having Paid Off Debt, Ovintiv Is Poised For Massive Share Repurchases
Oct 12Ovintiv renews its stock buyback program
Sep 28Ovintiv goes ex-dividend tomorrow
Sep 13Ovintiv Is A Cash Cow Now
Aug 26Ovintiv: Don't Be Fooled By Its Free Cash Flow Yields On Offer (Technical Analysis)
Jul 19Revenue & Expenses BreakdownBeta
How Ovintiv makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 24 | 10,456 | 1,936 | 364 | 0 |
| 31 Dec 23 | 10,661 | 2,085 | 328 | 0 |
| 30 Sep 23 | 11,056 | 2,564 | 333 | 0 |
| 30 Jun 23 | 11,786 | 3,344 | 340 | 0 |
| 31 Mar 23 | 13,448 | 4,365 | 330 | 0 |
| 31 Dec 22 | 14,263 | 3,637 | 422 | 0 |
| 30 Sep 22 | 14,092 | 3,686 | 446 | 0 |
| 30 Jun 22 | 13,169 | 2,428 | 436 | 0 |
| 31 Mar 22 | 11,628 | 866 | 462 | 0 |
| 31 Dec 21 | 10,468 | 1,416 | 362 | 0 |
| 30 Sep 21 | 9,030 | -582 | 436 | 0 |
| 30 Jun 21 | 7,636 | -2,031 | 414 | 0 |
| 31 Mar 21 | 6,186 | -6,209 | 406 | 0 |
| 31 Dec 20 | 5,509 | -6,097 | 234 | 0 |
| 30 Sep 20 | 5,741 | -5,489 | 342 | 0 |
| 30 Jun 20 | 6,186 | -3,819 | 349 | 0 |
| 31 Mar 20 | 7,011 | 900 | 327 | 0 |
| 31 Dec 19 | 7,013 | 234 | 284 | 0 |
| 30 Sep 19 | 6,623 | 1,270 | 160 | 0 |
| 30 Jun 19 | 6,340 | 1,160 | 143 | 0 |
| 31 Mar 19 | 5,769 | 673 | 176 | 0 |
| 31 Dec 18 | 5,457 | 1,069 | 90 | 0 |
| 30 Sep 18 | 5,166 | -190 | 204 | 0 |
| 30 Jun 18 | 4,558 | 65 | 226 | 0 |
| 31 Mar 18 | 4,218 | 547 | 152 | 0 |
| 31 Dec 17 | 3,892 | 827 | 179 | 0 |
| 30 Sep 17 | 3,737 | 775 | 189 | 0 |
| 30 Jun 17 | 3,740 | 798 | 214 | 0 |
| 31 Mar 17 | 3,497 | -134 | 268 | 0 |
| 31 Dec 16 | 3,122 | -944 | 204 | 0 |
| 30 Sep 16 | 2,646 | -1,275 | 251 | 0 |
| 30 Jun 16 | 3,075 | -2,828 | 195 | 0 |
| 31 Mar 16 | 3,211 | -3,837 | 202 | 0 |
| 31 Dec 15 | 3,830 | -5,165 | 214 | 0 |
| 30 Sep 15 | 5,645 | -4,355 | 209 | 0 |
| 30 Jun 15 | 6,618 | -312 | 238 | 0 |
| 31 Mar 15 | 7,376 | 1,569 | 261 | 0 |
| 31 Dec 14 | 7,647 | 3,392 | 291 | 0 |
| 30 Sep 14 | 7,188 | 2,943 | 319 | 0 |
| 30 Jun 14 | 6,295 | 324 | 351 | 0 |
| 31 Mar 14 | 6,691 | 783 | 343 | 0 |
| 31 Dec 13 | 5,858 | 236 | 351 | 0 |
| 30 Sep 13 | 6,040 | 407 | 365 | 0 |
| 30 Jun 13 | 5,673 | -1,025 | 373 | 0 |
Quality Earnings: OVV has high quality earnings.
Growing Profit Margin: OVV's current net profit margins (18.5%) are lower than last year (32.5%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: OVV's earnings have grown significantly by 38% per year over the past 5 years.
Accelerating Growth: OVV's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: OVV had negative earnings growth (-55.6%) over the past year, making it difficult to compare to the Oil and Gas industry average (-36.7%).
Return on Equity
High ROE: OVV's Return on Equity (18.9%) is considered low.