Oventiv generated $680 million in third-quarter free cash flow, maintained 0.7 times leverage and expects 8% to 9% per-share oil growth. The Logan Energy acquisition is expected to deliver about $60 million in annualized free cash flow synergies.
OVV · Ovintiv Inc.
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Ovintiv agreed on October 26, 2026 to acquire Logan Energy Corp. for approximately $890 million (C$1.26 billion), adding 420 net well locations and 266,000 net acres. Closing is expected early in the first quarter of 2027.
Ovintiv reported third quarter net earnings of $549 million. It announced an agreement to acquire Logan Energy Corp. for C$1.40 per share in cash and declared a quarterly dividend of $0.30 per share payable December 31, 2026.
Ovintiv Inc. agreed to acquire Logan Energy Corp. in an all-cash arrangement, paying C$1.40 per common share subject to shareholder, court and regulatory approvals. Logan must pay a C$44 million termination fee in specified circumstances.
Ovintiv received Toronto Stock Exchange approval to renew its normal course issuer bid for up to 26,973,037 common shares from October 5, 2026 through October 4, 2027.
Metrics snapshot
Useful current figures from the complete screener profile.
Quarterly results
* Q4 derived as the full year minus Q1 to Q3.
AI Brief
Q2 FY26 earnings call · Jul 24, 2026TL;DR. Ovintiv beat Q2 cash flow and free cash flow estimates, raised full-year oil & condensate production guidance by lifting the Permian run-rate to 125 Mbbls/d (about 4% per-share growth with no added capital), and cut net debt to $2.995B/0.6x leverage while stepping up shareholder returns to more than 60% of free cash flow for the year.
- + Raised full-year oil & condensate production guidance to 210-212 Mbbls/d with Permian run-rate lifted to 125 Mbbls/d, equating to ~4% per-share growth at unchanged capital
- + Q2 free cash flow of $682M and cash flow per share of $4.46 both beat consensus, with $1.3B YTD free cash flow
- + Q2 oil & condensate production of 206 Mbbls/d beat the high end of guidance and total volumes of 615 MBOE/d, driven by Permian outperformance
- − $337M pre-tax loss on divestiture recorded in Q2 from the Anadarko disposition
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
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Guidance & track record
Still-open targets the latest release did not restate under the same label.
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders BuyIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Average natural gas production volumes | 1,959 | the second quarter of 2026 filing | — |
| Average oil and plant condensate production volumes | 205.8 | the second quarter of 2026 filing | — |
| Average other NGL production volumes | 82.4 | the second quarter of 2026 filing | — |
| Capital investment | $574M | the second quarter of 2026 filing | — |
| Non-GAAP Cash Flow non-GAAP | $1.26B | three months ended June 30 filing | — |
| Total average production volumes | 614.6 | the second quarter of 2026 filing | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Oil & Gas E&P — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
OVV
this stock
Ovintiv Inc.
|
$17.57B | +66.9% | -2.7% | 13.3 | 4.1% |
|
COP
Conocophillips
|
$168.22B | +52.0% | +7.7% | 14.9 | 1.4% |
|
CNQ
CANADIAN NATURAL RESOURCES Ltd
|
$101.25B | +47.0% | — | — | 2.5% |
|
EOG
Eog Resources Inc
|
$82.09B | +50.8% | -4.5% | 10.2 | 3.2% |
|
OXY
Occidental Petroleum Corp
|
$58.74B | +42.9% | -1.9% | 7.8 | 2.7% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every section- Filed
- Nov 3, 2026
- This year
- 26
Ovintiv agreed on October 26, 2026 to acquire Logan Energy Corp. for approximately $890 million (C$1.26 billion), adding 420 net well locations and 266,000 net acres. Closing is expected early in the first quarter of 2027.
ViewPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| OVV | +8.1% | -5.7% | +15.8% | -10.0% | +66.9% |
| SPY | +2.6% | -1.2% | +0.5% | -0.2% | +10.6% |
| vs SPY | +5.5% | -4.5% | +15.3% | -9.8% | +56.2% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.