Ovintiv reports Q4 non-GAAP adjusted earnings $351M vs. $647M last year

“2024 was another year of exceptional delivery on our durable returns strategy,” said Ovintiv (OVV) President and CEO, Brendan McCracken. “Our team’s continued focus on value creation drove strong financial results, created lasting efficiencies and boosted shareholder returns. We enhanced our capital efficiency through our focus on execution excellence, which led to multiple quarters of positive guidance revisions on production and costs without an increase in capital spending. We have entered 2025 with an even deeper premium inventory runway and a more profitable and focused portfolio following the acquisition of top tier oil-rich Alberta Montney assets and the sale of our Uinta assets.”