OVV · Ovintiv Inc.
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Metrics snapshot
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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
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders NeutralIllustrative 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.
|
$16.57B | +47.5% | -2.7% | 17.3 | 4.1% |
|
COP
Conocophillips
|
$150.96B | +33.7% | +7.7% | 16.6 | 1.3% |
|
CNQ
CANADIAN NATURAL RESOURCES Ltd
|
$98.26B | +39.1% | — | — | 8.9% |
|
EOG
Eog Resources Inc
|
$73.62B | +31.2% | -4.5% | 10.9 | 3.0% |
|
OXY
Occidental Petroleum Corp /De/
|
$56.84B | +34.5% | -1.9% | 8.7 | 2.2% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| OVV | -3.2% | -13.2% | +3.0% | -11.9% | +47.5% |
| SPY | -0.7% | +0.1% | +12.2% | -0.6% | +11.8% |
| vs SPY | -2.5% | -13.3% | -9.2% | -11.4% | +35.7% |
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.