Nov 3, 5:04 PM ET
Ovintiv Inc. reported third quarter 2026 net earnings of $549 million and Non-GAAP Free Cash Flow of $680 million, alongside an agreement to acquire Logan Energy Corp. for approximately $890 million. The company returned $467 million to shareholders through buybacks and dividends while maintaining its full-year guidance.
- Third quarter net earnings were $549 million, with Non-GAAP Free Cash Flow of $680 million.
- Announced an agreement to acquire Logan Energy Corp. for a total transaction value of approximately $890 million.
- Board of Directors declared a quarterly dividend of $0.30 per share, payable on December 31, 2026.
- Third quarter production averaged 631 thousand barrels of oil equivalent per day.
Read the filing on SEC.gov ↗
Oct 26, 6:51 AM ET
Ovintiv agreed to acquire Montney oil producer Logan Energy Corp. in an all-cash deal valued at about $890 million (C$1.26 billion) including assumed net debt, subject to Logan shareholder, court and regulatory approvals. The deal is expected to close early in the first quarter of 2027 and is described by Ovintiv as accretive, with Ovintiv saying its shareholder returns plan is unchanged.
- Price of C$1.40 per Logan common share in cash; total value about $890 million (C$1.26 billion) including net debt
- Acquisition expected to add about 266,000 net acres and about 20 MBOE/d of production in the Montney
- Ovintiv expects about $60 million in annual cost synergies and about 5% Non-GAAP Cash Flow per Share accretion in 2027
- Expected close early in Q1 2027; either party may terminate if the deal has not closed by February 26, 2027, subject to extensions; Logan would pay a C$44 million termination fee in certain circumstances
Read the filing on SEC.gov ↗
Jul 23, 5:03 PM ET
Ovintiv reported second quarter 2026 net earnings of $456 million, or $1.62 per diluted share, up from $307 million in the year-earlier quarter, on total revenues of $3.013 billion versus $2.318 billion. The results include a $337 million pre-tax loss on the sale of its Anadarko assets, and the company raised its full-year 2026 production guidance while keeping capital investment guidance unchanged. The board also declared a $0.30 per share quarterly dividend.
- Q2 2026 net earnings were $456 million, or $1.62 per diluted share, versus $307 million, or $1.18 per diluted share, in Q2 2025
- Q2 2026 Non-GAAP Free Cash Flow was $682 million, and the company repurchased about $345 million of shares (6.1 million shares)
- Full-year 2026 production guidance was revised to 630 to 645 MBOE/d; capital investment guidance is unchanged at $2.25 billion to $2.35 billion
- Quarterly dividend of $0.30 per share is payable September 29, 2026 to holders of record on September 15, 2026
Read the filing on SEC.gov ↗
May 11, 5:03 PM ET
Ovintiv reported a first-quarter 2026 net loss of $630 million, or $2.35 per diluted share, compared with a net loss of $159 million, or $0.61 per share, a year earlier. The loss was driven mainly by non-cash ceiling test impairments of $1.2 billion after tax, while total revenues rose to $2,532 million from $2,377 million. The company also declared a $0.30 per share quarterly dividend and reiterated its full-year 2026 production and capital guidance.
- Q1 2026 net loss of $630 million ($2.35 per diluted share) vs. net loss of $159 million ($0.61 per share) in Q1 2025
- Non-cash ceiling test impairments of $1.2 billion after tax, or $4.30 per diluted share, primarily due to a weaker SEC 12-month trailing oil price
- Total revenues of $2,532 million vs. $2,377 million; Q1 cash from operating activities of $1.1 billion
- Quarterly dividend of $0.30 per share payable June 30, 2026, to holders of record as of June 15, 2026
Read the filing on SEC.gov ↗
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