See more : Allgeier SE (AEIN.DE) Income Statement Analysis – Financial Results
Complete financial analysis of Ovintiv Inc. (OVV) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Ovintiv Inc., a leading company in the Oil & Gas Exploration & Production industry within the Energy sector.
You may be interested
- Pressure BioSciences, Inc. (PBIO) Income Statement Analysis – Financial Results
- Freehold Royalties Ltd. (FRU.TO) Income Statement Analysis – Financial Results
- Dong Yi Ri Sheng Home Decoration Group Co.,Ltd. (002713.SZ) Income Statement Analysis – Financial Results
- Zincore Metals Inc. (ZCRMF) Income Statement Analysis – Financial Results
- PT Pembangunan Jaya Ancol Tbk (PJAA.JK) Income Statement Analysis – Financial Results
Ovintiv Inc. (OVV)
About Ovintiv Inc.
Ovintiv Inc., together with its subsidiaries, engages in the exploration, development, production, and marketing of natural gas, oil, and natural gas liquids. It operates through USA Operations, Canadian Operations, and Market Optimization segments. The company's principal assets include Permian in west Texas and Anadarko in west-central Oklahoma; and Montney in northeast British Columbia and northwest Alberta. Its other upstream assets comprise Bakken in North Dakota, and Uinta in central Utah; and Horn River in northeast British Columbia, and Wheatland in southern Alberta. The company was formerly known as Encana Corporation and changed its name to Ovintiv Inc. in January 2020. Ovintiv Inc. was incorporated in 2020 and is based in Denver, Colorado.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 10.66B | 12.46B | 8.66B | 6.09B | 6.73B | 5.94B | 4.44B | 2.92B | 4.42B | 8.02B | 5.86B | 5.16B | 8.47B | 8.87B | 11.11B | 30.06B | 21.45B | 16.40B | 14.27B | 11.81B | 10.22B | 6.36B | 6.34B |
| Cost of Revenue | 5.70B | 5.17B | 4.43B | 3.37B | 3.31B | 2.52B | 1.73B | 1.54B | 1.96B | 3.07B | 2.14B | 2.41B | 2.89B | 2.88B | 4.54B | 11.19B | 11.87B | 5.59B | 6.05B | 6.44B | 4.75B | 3.10B | 4.42B |
| Gross Profit | 4.97B | 7.30B | 4.22B | 2.71B | 3.41B | 3.42B | 2.71B | 1.37B | 2.47B | 4.95B | 3.72B | 2.75B | 5.58B | 5.99B | 6.58B | 18.88B | 9.58B | 10.81B | 8.22B | 5.37B | 5.46B | 3.25B | 1.93B |
| Gross Profit Ratio | 46.57% | 58.54% | 48.79% | 44.59% | 50.76% | 57.59% | 60.99% | 47.09% | 55.79% | 61.73% | 63.47% | 53.29% | 65.84% | 67.58% | 59.17% | 62.79% | 44.65% | 65.93% | 57.59% | 45.50% | 53.48% | 51.19% | 30.38% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 300.00M | 1.95B | 1.72B | 1.53B | 1.56B | 1.24B | 1.10B | 1.21B | 1.53B | 1.83B | 1.92B | 1.62B | 348.00M | 359.00M | 477.00M | 473.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2.00M | 0.00 | 0.00 | 1.70B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 300.00M | 1.95B | 1.72B | 1.53B | 1.56B | 1.24B | 1.10B | 1.21B | 1.53B | 1.83B | 1.92B | 1.62B | 350.00M | 359.00M | 477.00M | 2.18B | 384.00M | 271.00M | 821.00M | 197.00M | 718.00M | 483.85M | 98.99M |
| Other Expenses | 1.80B | 1.49B | 948.00M | 635.00M | 792.00M | -17.00M | 42.00M | 58.00M | -27.00M | -71.00M | 6.00M | -1.00M | -50.00M | 3.24B | 3.68B | 2.80B | 4.11B | 3.46B | 2.77B | 2.40B | 2.41B | 1.37B | 537.96M |
| Operating Expenses | 2.10B | 3.44B | 2.67B | 2.16B | 2.35B | 1.73B | 1.64B | 1.86B | 2.30B | 2.62B | 2.83B | 2.47B | 2.68B | 3.60B | 4.23B | 9.72B | 4.49B | 3.73B | 3.59B | 2.60B | 3.13B | 1.85B | 636.95M |
| Cost & Expenses | 7.80B | 8.61B | 7.11B | 5.53B | 5.66B | 4.25B | 3.38B | 3.40B | 4.25B | 5.69B | 4.97B | 4.88B | 5.57B | 6.48B | 8.77B | 20.90B | 16.36B | 9.32B | 9.64B | 9.04B | 7.88B | 4.96B | 5.05B |
| Interest Income | 0.00 | 25.00M | 14.00M | 5.00M | 10.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 20.00M | 13.00M | 168.00M | 216.00M | 276.00M | 0.00 | 0.00 | 13.00M | 0.00 | -0.72 | -0.44 |
| Interest Expense | 355.00M | 311.00M | 340.00M | 371.00M | 382.00M | 351.00M | 363.00M | 397.00M | 614.00M | 654.00M | 563.00M | 522.00M | 468.00M | 514.00M | 405.00M | 802.00M | 428.00M | 396.00M | 524.00M | 397.00M | 287.00M | 265.92M | 61.99M |
| Depreciation & Amortization | 1.84B | 1.13B | 1.21B | 1.86B | 2.05B | 1.30B | 870.00M | 910.00M | 1.49B | 1.75B | 1.57B | 1.96B | 2.28B | 3.24B | 3.70B | 4.22B | 3.82B | 3.11B | 2.77B | 2.40B | 2.22B | 1.37B | 537.96M |
| EBITDA | 4.71B | 5.00B | 2.79B | -3.50B | 2.75B | 3.00B | 2.66B | -313.00M | -6.03B | 4.01B | 2.17B | -2.30B | 2.84B | 5.83B | 6.22B | 14.28B | 9.34B | 10.50B | 7.40B | 5.05B | 4.15B | 2.66B | 1.83B |
| EBITDA Ratio | 44.17% | 40.12% | 32.11% | 40.13% | 50.89% | 52.69% | 27.41% | 40.10% | 36.93% | 49.94% | 42.03% | 43.31% | 61.12% | 63.68% | 54.42% | 44.53% | 41.03% | 60.88% | 51.93% | 39.68% | 39.26% | 42.37% | 28.81% |
| Operating Income | 2.86B | 3.85B | 1.52B | 609.00M | 1.41B | 1.69B | 1.07B | -1.88B | 172.00M | 2.33B | 891.00M | 4.42B | 2.94B | 2.39B | 2.42B | 8.58B | 5.02B | 7.03B | 4.63B | 2.78B | 2.32B | 1.44B | 1.29B |
| Operating Income Ratio | 26.86% | 30.91% | 17.54% | 10.00% | 20.93% | 28.52% | 24.04% | -64.46% | 3.89% | 29.07% | 15.21% | 85.56% | 34.76% | 26.98% | 21.73% | 28.53% | 23.41% | 42.87% | 32.43% | 23.50% | 22.68% | 22.58% | 20.33% |
| Total Other Income/Expenses | -354.00M | -293.00M | -280.00M | -333.00M | -283.00M | -531.00M | 362.00M | 261.00M | -1.71B | 2.30B | -903.00M | -5.11B | -292.00M | 926.00M | -456.00M | -479.00M | -199.00M | -137.00M | -500.00M | -50.00M | 303.00M | -289.00M | -39.00M |
| Income Before Tax | 2.51B | 3.56B | 1.24B | -5.73B | 315.00M | 1.16B | 1.43B | -1.62B | -8.01B | 4.63B | -12.00M | -4.83B | 22.00M | 2.06B | 1.94B | 8.58B | 4.82B | 6.94B | 4.09B | 2.87B | 2.61B | 1.17B | 1.23B |
| Income Before Tax Ratio | 23.54% | 28.56% | 14.31% | -94.14% | 4.68% | 19.58% | 32.19% | -55.52% | -181.14% | 57.73% | -0.20% | -93.62% | 0.26% | 23.22% | 17.45% | 28.53% | 22.48% | 42.34% | 28.66% | 24.29% | 25.57% | 18.41% | 19.37% |
| Income Tax Expense | 425.00M | -77.00M | -177.00M | 367.00M | 81.00M | 94.00M | 603.00M | -676.00M | -2.85B | 1.20B | -248.00M | -2.04B | 17.00M | 561.00M | 109.00M | 2.63B | 937.00M | 1.89B | 1.26B | 658.00M | 445.00M | 392.88M | 409.97M |
| Net Income | 2.09B | 3.64B | 1.42B | -6.10B | 234.00M | 1.07B | 827.00M | -944.00M | -5.17B | 3.39B | 236.00M | -2.79B | 5.00M | 1.50B | 1.86B | 5.94B | 3.96B | 5.65B | 3.43B | 3.51B | 2.36B | 776.75M | 818.93M |
| Net Income Ratio | 19.56% | 29.18% | 16.35% | -100.16% | 3.48% | 18.00% | 18.61% | -32.35% | -116.80% | 42.30% | 4.03% | -54.15% | 0.06% | 16.90% | 16.75% | 19.77% | 18.46% | 34.47% | 24.02% | 29.75% | 23.10% | 12.22% | 12.91% |
| EPS | 8.02 | 14.34 | 5.44 | -23.47 | 0.90 | 5.57 | 4.25 | -5.35 | -31.41 | 22.90 | 1.60 | -18.97 | 0.05 | 15.85 | 12.40 | 39.60 | 26.15 | 34.45 | 19.75 | 19.10 | 12.45 | 4.85 | 7.88 |
| EPS Diluted | 7.90 | 14.08 | 5.32 | -23.47 | 0.90 | 5.57 | 4.25 | -5.35 | -31.41 | 22.90 | 1.60 | -18.97 | 0.05 | 15.85 | 12.40 | 39.55 | 25.90 | 33.80 | 19.25 | 18.75 | 12.30 | 4.80 | 7.69 |
| Weighted Avg Shares Out | 259.90M | 253.60M | 260.40M | 259.80M | 261.20M | 191.96M | 194.60M | 176.45M | 164.42M | 148.20M | 147.54M | 147.26M | 147.26M | 147.94M | 150.16M | 150.02M | 151.36M | 167.30M | 173.42M | 183.93M | 188.67M | 167.01M | 108.32M |
| Weighted Avg Shares Out (Dil) | 263.90M | 258.40M | 266.40M | 259.80M | 261.20M | 192.00M | 194.60M | 176.52M | 164.42M | 148.20M | 147.54M | 147.26M | 147.44M | 147.96M | 150.16M | 150.36M | 152.92M | 167.30M | 177.92M | 187.36M | 190.98M | 168.75M | 110.97M |
Wall Street Analysts Predict a 32.91% Upside in Ovintiv (OVV): Here's What You Should Know
The consensus price target hints at a 32.9% upside potential for Ovintiv (OVV). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside...
Are Investors Undervaluing Ovintiv (OVV) Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong...
Should You Buy Ovintiv Stock Amid Attractive Valuation or Hold?
OVV's solid free cash flow and drilling efficiency boost its appeal, but commodity price volatility and high transportation costs pose risks to future profits.
Ovintiv's Q3 Earnings Beat Estimates, Revenues Down 12% Y/Y
OVV expects capital expenditure in the range of $525-$575 million for the fourth quarter of 2024 and between $2.28 billion and $2.33 billion for the full year.
Ovintiv's Twin Deals: What Are the Key Takeaways for Investors?
OVV acquires premium Montney assets and sells Uinta holdings, boosting its oil production capacity and strengthening cash flows.
Drilling Deep Into the Canadian Upstream Industry: What to Expect?
Following a careful analysis of the Zacks Oil and Gas - Exploration and Production - Canadian industry, we advise focusing on companies like CNQ, OVV and BTE.
FourPoint Resources, Quantum Capital Group and Kayne Anderson to Acquire Ovintiv Uinta Basin Assets for $2 Billion
DENVER and HOUSTON, Nov. 14, 2024 (GLOBE NEWSWIRE) -- FourPoint Resources, LLC (“FourPoint”), together with their partners Quantum Capital Group (“Quantum”) and Kayne Anderson, announced today the signing of a purchase and sale agreement to acquire Ovintiv Inc.'s (NYSE, TSX:...
Ovintiv to buy Montney oil assets for $2.38 billion
Ovintiv said on Thursday it would acquire certain oil assets located in the Montney formation in Canada from Paramount Resources for about $2.38 billion in an all-cash deal.
Ovintiv Strengthens Portfolio with Core Oil-Rich Montney Asset Acquisition
Transaction to Significantly Expand Existing Montney Premium Oil Inventory, Company to Exit Uinta Basin with Asset Sale Highlights: Agreement reached to acquire approximately 109,000 net acres and approximately 70 thousand barrels of oil equivalent per day ("MBOE/d") in the core...
Ovintiv: Better Options Available For Investors
Ovintiv Inc. has a history of value destruction and mediocre management decisions. Q3-2024 results showed strong metrics and cash flow, but future guidance appears lackluster. We prefer Devon Energy, Chord Energy, and Veren Inc. over Ovintiv today.
Source: https://incomestatements.info
Category: Stock Reports