Ovintiv posts Q1 2025 net loss of $159 million after $730 million impairment
Ovintiv reported a first-quarter 2025 net loss of $159 million, or $(0.61) per diluted share, compared with net earnings of $338 million a year earlier. The loss included a non-cash ceiling test impairment of $557 million after tax, while revenue rose slightly to $2,377 million and the company kept its full-year 2025 production and capital guidance. The filing also declared a $0.30 quarterly dividend.
Key points
- Q1 2025 net loss of $159 million, or $(0.61) per diluted share, versus net earnings of $338 million in Q1 2024
- Non-cash ceiling test impairment of $557 million after tax; pre-tax impairments were $730 million
- Cash from operating activities of $873 million and Non-GAAP Free Cash Flow of $387 million
- Quarterly dividend of $0.30 per share payable June 30, 2025, to holders of record June 13, 2025
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:11 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 06, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.