Ovintiv posts FY 2025 net earnings of USD 1.2 billion

Ovintiv reported FY 2025 net earnings of USD 1.2 billion (USD 4.78 per diluted share), including after-tax non-cash ceiling test impairments of USD 703 million. Cash from operating activities was USD 3.7 billion, Non-GAAP cash flow was USD 3.8 billion and Non-GAAP free cash flow was USD 1.6 billion after capital expenditures of USD 2.15 billion. FY 2025 average production was 615 MBOE/d, including 209 Mbbls/d of oil and condensate, 95 Mbbls/d of other NGLs and 1,862 MMcf/d of natural gas. Ovintiv returned about USD 612 million to shareholders in FY 2025 via USD 304 million of share buybacks and USD 308 million of base dividends. For Q4 2025, net earnings were USD 946 million (USD 3.70 per diluted share), including after-tax non-cash ceiling test impairments of USD 38 million. Cash from operating activities was USD 954 million, Non-GAAP cash flow was USD 973 million and Non-GAAP free cash flow was USD 508 million after capital expenditures of USD 465 million. Q4 production averaged 623 MBOE/d, including 209 Mbbls/d of oil and condensate, 97 Mbbls/d of other NGLs and 1,905 MMcf/d of natural gas. On corporate updates, Ovintiv highlighted the completion of its strategic transformation and announced a new shareholder return framework targeting at least 75% of FY 2026 Non-GAAP free cash flow returned via base dividends and buybacks, supported by a USD 3.0 billion share repurchase authorization. The company also announced the acquisition of NuVista Energy Ltd. for about USD 2.7 billion (closed February 3, 2026) and said it reached an agreement in February 2026 to sell its Anadarko assets for USD 3.0 billion in cash proceeds. Ovintiv declared a quarterly dividend of USD 0.30 per share payable March 31, 2026. For FY 2026, Ovintiv guided capital investment of USD 2.25 billion to USD 2.35 billion and total production of 620 to 645 MBOE/d (oil and condensate of 205 to 212 Mbbls/d).

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