See more : Venky’s (India) Limited (VENKEYS.NS) 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.
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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 |
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Ovintiv, Inc. (NYSE:OVV ) Q1 2024 Earnings Conference Call May 8, 2024 11:00 AM ET Company Participants Jason Verhaest - Investor Relations Brendan McCracken - President & Chief Executive Officer Corey Code - Executive Vice President & Chief Financial Officer...
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