OVV anticipates that its capital spending will be between $600 million and $650 million in the first quarter of 2025. For the entire year, they expect it to be between $2.15 billion and $2.25 billion.
Ovintiv Inc. (NYSE:OVV) will hold a conference call on February 27, 2025, at 11:00 AM ET to discuss its Q4 2024 results. The call will feature company representatives including Jason Verhaest, Brendan McCracken, Corey Code, and Greg Givens. Several analysts from different financial institutions will also participate in the discussion.
Ovintiv (OVV) reported quarterly earnings of $1.35 per share, which is higher than the Zacks Consensus Estimate of $1.11 per share. In comparison, the company earned $2.35 per share during the same period last year.
In 2024, the company saw a nearly 50% increase in Non-GAAP Free Cash Flow compared to the previous year. They generated $3.7 billion from operating activities, with a Non-GAAP Cash Flow of $4.0 billion and a Free Cash Flow of $1.7 billion after spending $2.3 billion on capital expenditures. Additionally, they returned over $900 million to shareholders and announced the acquisition of valuable Montney assets, which is expected to enhance production significantly.
This is an overview of what to anticipate from energy companies APA, OVV, VIST, and EXE before they announce their quarterly earnings reports, which are scheduled for tomorrow.
Ovintiv (OVV) has a strong track record of surprising with its earnings and currently has the right factors in place that suggest it may exceed expectations in its upcoming quarterly report.
At Zacks, we concentrate on the reliable Zacks Rank system, which highlights earnings estimates and changes in those estimates to identify excellent stocks. At the same time, we keep an eye on the newest trends in value, growth, and momentum to support our top selections.
This Industry Outlook article has pointed out Tourmaline, Ovintiv, and Arc Resources.
This Industry Outlook article has pointed out Tourmaline, Ovintiv, and Arc Resources.
After thoroughly examining the Zacks Oil and Gas - Exploration and Production - Canadian sector, we recommend investing in companies such as TRMLF, OVV, and AETUF.