See more : CPFL Energia S.A. (CPFE3.SA) 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 |
Ovintiv to Host its Second Quarter 2023 Results Conference Call and Webcast on July 28, 2023
DENVER , June 29, 2023 /PRNewswire/ - Ovintiv Inc. (NYSE: OVV) (TSX: OVV) today announced plans to hold its second quarter 2023 results conference call at 9:00 a.m. MT, on Friday July 28, 2023.
Ovintiv: Proven Reserves Valued at 10 Times Market Cap
Despite a massive push toward renewables, the oil and gas industry remains the most vital component to the global energy mix. This puts Ovintiv Inc. ( OVV , Financial) in a good position.
Ovintiv (OVV) Revises Guidance for Q2 and Full-Year 2023
Ovintiv (OVV) expects production in the range of 520,000-540,000 boe/day for the second quarter of 2023 and 521,000-546,000 boe/day for the full year.
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Ovintiv (OVV) Q1 Earnings Miss Estimates, Revenues Beat
Ovintiv (OVV) expects CapEx of $590-$630 million for Q2 and $2.6-$2.9 billion for 2023, with crude oil and condensate volumes of 170,000-174,000 bpd and natural gas production of 1,525-1,575 MMcf/d.
Ovintiv: Shareholder-Friendly Company With Solid Assets
Ovintiv Inc. has had another strong quarter as they ride on the momentum of Q4 in 2022. Announcing the acquisition of new land where there is strong potential for a high-margin production creates a tailwind.
Ovintiv, Inc. (OVV) Q1 2023 Earnings Call Transcript
Ovintiv, Inc. (NYSE:OVV ) Q1 2023 Earnings Conference Call May 10, 2023 11:00 AM ET Company Participants Jason Verhaest - IR Brendan McCracken - President, CEO & Director Gregory Givens - EVP & COO Corey Code - EVP & CFO...
Source: https://incomestatements.info
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