See more : TS Lines Ltd (2510.HK) 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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DENVER , Nov. 20, 2023 /PRNewswire/ - Ovintiv Inc. (NYSE: OVV) (TSX: OVV) (the "Company") today announced the upsize and pricing of a previously announced underwritten public offering of its common stock (the "Offering") by NMB Stock Trust, a Delaware...
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DENVER , Nov. 20, 2023 /PRNewswire/ - Ovintiv Inc. (NYSE: OVV), (TSX: OVV) (the "Company" or "Ovintiv") today announced that NMB Stock Trust, a Delaware statutory trust (the "Selling Stockholder"), intends to offer for sale 8,400,000 shares of the Company's...
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Ovintiv Inc. (OVV) Q3 2023 Earnings Call Transcript
Ovintiv Inc. (NYSE:OVV ) Q3 2023 Results Conference Call November 8, 2023 12:00 PM ET Company Participants Jason Verhaest - IR Brendan McCracken - President and CEO Corey Code - EVP and CFO Greg Givens - EVP and COO Conference...
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Strong Well Results and Successful Acquisition Integration Drive Increased Full Year Production Guidance Highlights: Generated net earnings of $406 million, cash from operating activities of $906 million, Non-GAAP Cash Flow of $1,112 million and Non-GAAP Free Cash Flow of $278...
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