Ovintiv Inc. (OVV) Form 10-Q — Nov 3, 2026
Ovintiv reported Q3 2026 net earnings of $549 million, or $1.99 per diluted share, up sharply from $148 million ($0.57) in Q3 2025, on total revenues of $2.6 billion. Q3 cash from operating activities was $1,070 million with Non-GAAP Cash Flow of $1,243 million. The quarter reflects a busy portfolio-reshaping year: the ~$2.8 billion NuVista Acquisition closed in February, the Anadarko assets were sold for ~$2.8 billion in April, and on October 26 Ovintiv agreed to acquire Logan Energy for ~$890 million (C$1.26 billion) in cash, adding ~420 net Montney well locations.
Key figures
- Eps
- 1.99
- Revenue
- 8147000000
- Guidance
- Expects to meet full year 2026 capital investment guidance of $2,250M-$2,350M and total production guidance of 630.0-645.0 MBOE/d
- Net Income
- 549000000
- Total Debt
- 3588000000
- Revenue Yoy
- Q3 total revenues $2,602M vs $2,066M (+26%); nine months $8,147M vs $6,761M (+21%)
- Total Assets
- 19604000000
- Cash Position
- 176000000
- Q3 buybacks
- 6.3M shares for ~$386M at avg $60.90
- Q3 production
- 630.6 MBOE/d; oil & condensate 203.7 Mbbls/d; gas 2,062 MMcf/d
- Debt to ebitda
- 1.0x (Non-GAAP adjusted 0.7x)
- Q3 diluted eps
- $1.99 vs $0.57 year-ago
- Total liquidity
- $3.8 billion
- Nine month buybacks
- 13.9M shares for ~$815M
- Nine month dividends
- $0.90/share, $250M total
- Q3 2026 net earnings
- $549M vs $148M year-ago
- Senior notes redeemed
- $700M 5.65% notes due 2028, ~$40M annualized interest savings
- Logan acquisition value
- $890 million (C$1.26 billion), C$1.40 per share
- Nine month net earnings
- $375M ($1.36 diluted)
- Nuvista acquisition value
- $2.8 billion (C$3.8 billion)
- Anadarko divestiture proceeds
- $2.8 billion
- Ceiling test impairments nine months
- $1,485M before tax ($1,154M after tax)
AI analysis
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