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.
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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 |
Ovintiv Inc. (OVV) Q3 2024 Results Conference Call Transcript
Start Time: 09:00 January 1, 0000 9:32 AM ET Ovintiv Inc. (NYSE:OVV ) Q3 2024 Results Conference Call November 08, 2024, 09:00 AM ET Company Participants Brendan McCracken - President and CEO Corey Code - EVP and CFO Greg Givens...
Ovintiv (OVV) Q3 Earnings and Revenues Surpass Estimates
Ovintiv (OVV) came out with quarterly earnings of $1.85 per share, beating the Zacks Consensus Estimate of $1.09 per share. This compares to earnings of $1.74 per share a year ago.
Ovintiv Reports Third Quarter 2024 Financial and Operating Results
Full Year Production Guidance Increased; Strong Operational Execution and Debt Reduction Continue Highlights: Generated net earnings of $507 million, cash from operating activities of $1,022 million, Non-GAAP Cash Flow of $978 million and Non-GAAP Free Cash Flow of $440 million...
Earnings Preview: Ovintiv (OVV) Q3 Earnings Expected to Decline
Ovintiv (OVV) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Ovintiv to Host its Third Quarter 2024 Results Conference Call and Webcast on November 8, 2024
DENVER , Oct. 11, 2024 /PRNewswire/ - Ovintiv Inc. (NYSE: OVV) (TSX: OVV) today announced plans to hold its third quarter 2024 results conference call at 7:00 a.m. MT, on Friday November 8, 2024.
Ovintiv to Pay $5.5M in Civil Penalty Over Clean Air Act Violations
A settlement agreement between OVV and U.S. environmental and justice officials resolves the civil lawsuit against the company concerning the Clean Air Act violations.
Strength Seen in Ovintiv (OVV): Can Its 5.3% Jump Turn into More Strength?
Ovintiv (OVV) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
Should You Buy Ovintiv Stock Amid Attractive Valuation or Hold?
OVV offers strong production growth and cash flow, yet potential investors should be cautious of its debt and sensitivity to market changes.
Ovintiv Renews Annual Share Buy-Back Program
Company Receives TSX Approval for Renewal of Normal Course Issuer Bid DENVER , Sept. 26, 2024 /PRNewswire/ - Ovintiv Inc. (NYSE: OVV) (TSX: OVV) today announced it has received regulatory approvals for the renewal of its share buy-back program.
Latest Perspective on Canadian Upstream Industry: CNQ, OVV, BTE
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.
Source: https://incomestatements.info
Category: Stock Reports