Ovintiv Inc.

Company Receives TSX Approval for Renewal of Normal Course Issuer Bid Ovintiv Inc. today announced it has received regulatory approvals for the renewal of its share buy-back program. This action is consistent with the Company's capital allocation framework, which returns at least 50 percent of post base dividend Non-GAAP Free Cash Flow to shareholders. The Toronto Stock Exchange has accepted Ovintiv's notice of intention [...]

Ovintiv Inc. today announced the pricing of an underwritten public offering of 15,000,000 shares of its common stock by NMB Stock Trust, a Delaware statutory trust , for gross proceeds of approximately US$684.8 million . The Company will not sell any shares of its common stock in the Offering and will not receive any proceeds from the sale of the shares in the Offering. The Offering is expected to close on September 13 [...]

Ovintiv Inc. today announced that NMB Stock Trust, a Delaware statutory trust , intends to offer for sale 15,000,000 shares of the Company's common stock, par value $0.01 per share, pursuant to the Company's shelf registration statement previously filed with the Securities and Exchange Commission . The Offering consists entirely of secondary shares to be sold by the Selling Stockholder. The Selling Stockholder will [...]

Strong Results Across Portfolio Drive Higher Full Year Production Guidance and Reduced Capital and Per Unit Cost Guidance Second Quarter 2023 Highlights: Generated net earnings of $336 million, cash from operating activities of $831 million, Non-GAAP Cash Flow of $699 million and Non-GAAP Free Cash Flow of $59 million after capital expenditures of $640 million Exceeded second quarter production guidance on every product [...]

Ovintiv Inc. today announced plans to hold its second quarter 2023 results conference call at 9:00 a.m. MT, on Friday July 28, 2023. The Company plans to release its financial and operating results after market close, Thursday July 27, 2023. In addition to the release, supplemental slides and financial statements will be available on the Company's website, located at www.ovintiv.com. To join the conference call without [...]

Company Updates 2023 Guidance for Early Close Ovintiv Inc. today closed the previously announced acquisition of core Midland Basin assets, adding approximately 1,050 net 10,000 foot well locations and approximately 65,000 net acres of largely undeveloped land adjacent to Ovintiv's existing Permian operations. The Company has acquired substantially all the leasehold interest and related assets of Black Swan Oil & Gas [...]

Ovintiv Inc. today announced that it has priced an offering of $600,000,000 in aggregate principal amount of 5.650% senior notes due 2025 , $700,000,000 in aggregate principal amount of 5.650% senior notes due 2028 , $600,000,000 in aggregate principal amount of 6.250% senior notes due 2033 and $400,000,000 in aggregate principal amount of 7.100% senior notes due 2053 . The price to the public for the Notes is 99.994% of [...]

Ovintiv Inc. today released its 2022 Sustainability Report, highlighting its progress and performance on several key sustainability initiatives related to emissions reductions, social responsibility and corporate governance. "Ovintiv continues to drive real and measurable environment, social and governance progress," said Ovintiv President and CEO Brendan McCracken. "We strive to be a leader in disclosure, having [...]

Operational Outperformance Underpins Strong Financial Results First Quarter 2023 Highlights: Generated net earnings of $487 million, cash from operating activities of $1,068 million, Non-GAAP Cash Flow of $851 million and Non-GAAP Free Cash Flow of $241 million after capital expenditures of $610 million Returned $300 million to shareholders through the combination of base dividend payments and share buybacks Commodity [...]

Ovintiv Inc. today announced that the following matters, as further described in the Company's Proxy Statement filed on March 23, 2023 , were voted upon at its 2023 Annual Meeting of Shareholders held on May 3, 2023. Election of Director Nominees Listed in the Proxy Statement Each director nominee listed in the Proxy Statement was elected as a director of the Company. The results of the vote by ballot were as follows [...]