Ovintiv (OVV) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

May 12, 2026

Before Open (Confirmed)

Period Ending

2026 (Q1)

Consensus EPS Forecast

1.26

Last Year’s EPS

1.42

Same Quarter Last Year

Analyst Consensus

Strong Buy

Based on 16 Analysts Ratings

Earnings Call Summary

Q4 2025

Earnings Call Date:Feb 23, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call emphasized strong financial execution, meaningful deleveraging, and operational improvements (cost reductions, productivity gains, and inventory expansion). Management completed major portfolio moves (NuVista acquisition, Anadarko sale agreement) to concentrate in the Permian and Montney, enabling a large authorized $3 billion buyback and a commitment to return at least 75% of 2026 free cash flow to shareholders. Near-term negatives include a material reduction in 2026 volumes versus prior guidance due to the Anadarko sale (~70,000 BOE/d), temporary Montney plant turnarounds in Q2, and some incremental T&P costs tied to Montney weighting. Overall the positives (strong cash generation, lower leverage, operational outperformance, and aggressive shareholder returns) dominate the call, while the lowlights are mostly timing and transactional or short-term operational impacts.

Company Guidance

Ovintiv guided 2026 production (including one quarter of Anadarko) of 620,000–645,000 BOE/d with oil & condensate of about 209,000 bbl/d and natural gas >2 Bcf/d, backed by ~$2.3 billion of planned capital; Q1 is expected to be the year high at ~670,000 BOE/d (≈223,000 bbl/d oil & condensate) with Q1 capex of ~ $625 million (including ~$50 million of Anadarko spend) and an estimated 3–4k BOE/d cold‑weather impact in January. Asset run‑rates and activity include roughly 120,000 bbl/d oil & condensate in the Permian (≈130 net wells in 2026) and ~85,000 bbl/d in the Montney (guidance 83–87k bbl/d and 1.75–1.85 Bcf/d gas, ≈135 net turn‑in lines), with cost targets of < $600/ft D&C in the Permian and < $500/ft D&C in the Montney (each ≈$25/ft lower than 2025). Pro forma net debt after the Anadarko sale is expected to be about $3.6 billion (no long‑term maturities before 2030) with ~$40 million of annualized interest savings from repaying 2028 notes (on top of $25 million saved from earlier 2026 note retirements), and the company will allocate at least 75% of 2026 free cash flow to shareholders (long‑term policy 50–100%) with a Board‑authorized $3 billion buyback program to commence immediately.

Strong 2025 Cash Flow and Free Cash Flow

Full year 2025 cash flow of $3.8 billion and free cash flow of more than $1.6 billion; returned over $600 million to shareholders during 2025. Q4 free cash flow was $508 million.

Balance Sheet Improvement and Deleveraging

Ended 2025 with net debt under $5.2 billion (down more than $240 million year-over-year). With the expected Anadarko sale proceeds, pro forma net debt is targeted at roughly $3.6 billion and remaining long-term maturities with no maturities before 2030. Expected annualized interest savings of $40 million from repayment of 2028 notes (in addition to $25 million realized earlier).

Aggressive Shareholder Returns Framework and Buyback Authorization

Management unveiled a new shareholder returns framework: return at least 75% of 2026 free cash flow (longer-term range 50%–100%). Board authorized a $3.0 billion share buyback program and management plans to commence buybacks immediately (2026 buyback target based on full-year FCF).

Portfolio Focused on High-Quality Basins (Permian and Montney)

Portfolio transformation essentially complete with NuVista acquisition closed and Anadarko sale agreed; focus on Permian and Montney where ~80% of remaining sub-$50 breakeven oil locations in North America reside. Since 2023 increased Permian and Montney drilling inventory by more than 3,200 locations at an average cost of $1.4 million per net 10,000-foot location.

Operational Efficiency Gains in Permian

Permian run-rate oil & condensate ~120,000 bpd. Completed feet/day averaged ~4,250 in 2025 (more than 10% faster than 2024). Drilling speed averaged >2,000 ft/day in 2025 (Pacesetter >3,000 ft/day). Expected 2026 D&C cost in the Permian < $600/ft (~$25/ft lower than prior year).

Surfactant Program Driving Productivity Uplift

Permian surfactant program: pumped surfactants in ~300 wells since 2019 and observed roughly a 9% improvement in oil productivity versus analog control wells. Management reports the program is highly economic (incremental chemical cost described in hundreds of thousands per well but offset by productivity gains).

Montney Integration and Cost Savings

NuVista integration underway with $1.0 million per well well-cost savings assumed in guidance (Ovintiv previously achieved $1.5 million per well on the Paramount integration). Montney run-rate oil & condensate ~85,000 bpd; 2026 D&C cost expected < $500/ft (about $25/ft lower than 2025). High-density pad testing unlocked ~130 upside locations.

Outperformance Versus Guidance and Street Expectations

Q4 oil & condensate ~209,000 bpd (high end of guidance); capital in Q4 $465 million (midpoint of guidance); matched or beat per-unit cost guidance on every line item. Q4 cash flow per share $3.81 beat consensus by ~10%.

Ovintiv (OVV) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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OVV Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
May 12, 2026	2026 (Q1)	1.26 / -	1.42	―	―	―
Feb 23, 2026	2025 (Q4)	1.01 / 1.39	1.346	3.12% (+0.04)
Nov 04, 2025	2025 (Q3)	0.95 / 1.03	1.863	-44.82% (-0.83)
Jul 24, 2025	2025 (Q2)	1.00 / 1.02	1.217	-15.78% (-0.19)
May 06, 2025	2025 (Q1)	0.92 / 1.42	1.427	-0.49% (>-0.01)
Feb 26, 2025	2024 (Q4)	1.13 / 1.35	2.351	-42.75% (-1.00)
Nov 07, 2024	2024 (Q3)	1.17 / 1.86	1.789	4.14% (+0.07)
Jul 30, 2024	2024 (Q2)	1.33 / 1.22	0.925	31.57% (+0.29)
May 07, 2024	2024 (Q1)	1.41 / 1.43	1.82	-21.59% (-0.39)
Feb 27, 2024	2023 (Q4)	1.94 / 2.35	0.93	152.80% (+1.42)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

OVV Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Feb 23, 2026	$50.83	$50.09	-1.46%
Nov 04, 2025	$37.01	$36.37	-1.74%
Jul 24, 2025	$39.41	$40.83	+3.60%
May 06, 2025	$33.89	$33.12	-2.28%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Ovintiv Inc. (OVV) report earnings?

Ovintiv Inc. (OVV) is schdueled to report earning on May 12, 2026, Before Open (Confirmed).

What is Ovintiv Inc. (OVV) earnings time?

Ovintiv Inc. (OVV) earnings time is at May 12, 2026, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

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What is OVV EPS forecast?

OVV EPS forecast for the fiscal quarter 2026 (Q1) is 1.26.