Ovintiv
Produces oil, natural gas liquids and natural gas across the Permian and Montney basins.
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Profile
Produces oil, natural gas liquids and natural gas through USA Operations and Canadian Operations, with the portfolio concentrated in the Permian and Montney. Revenue depends on commodity sales, while marketing supports transportation commitments, delivery flexibility and customer diversification.
Explores, develops, produces and markets oil, natural gas liquids and natural gas through USA Operations and Canadian Operations. The operating portfolio is concentrated in the Permian Basin in Texas and the Montney in Alberta and British Columbia.
Builds scale through acquisitions and basin exits, with recent transactions expanding the Permian and Montney while removing other positions. Centralized capital allocation combines with hands-on field oversight to support drilling, completion and marketing execution.
Commodity sales drive the business, while purchases and sales help meet transportation commitments, shift delivery points and diversify customers. Results depend on realized commodity prices, gathering and processing capacity, transportation and market access, drilling and completion performance, and the safety, environmental and regulatory conditions of upstream operations.
Company facts
Key statistics
Year to date +59.5% · Average volume (30d) 3.5M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 19, 2026 | Morgan Stanley | Target | $65 | $67 | |
| Aug 12, 2026 | Wells Fargo | Target | $80 | $78 | |
| Jul 28, 2026 | UBS | Reiterate | Buy | $75 | $74 |
| Jul 27, 2026 | RBC Capital | Reiterate | Outperform | $55 | $85 |
| Jul 27, 2026 | Truist Financial | Target | $66 | $73 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 23, 2026Q2 FY26 | $1.94 | $1.74 | −10.3% | $2.37B | $3.01B | +27.3% | +2.83% |
| May 11, 2026Q1 FY26 | $1.85 | $2.00 | +8.1% | $2.38B | $2.53B | +6.2% | −1.69% |
| Feb 23, 2026Q4 FY25 | $1.01 | $1.39 | +37.6% | $1.93B | $2.07B | +7.2% | −1.46% |
| Nov 4, 2025Q3 FY25 | $0.95 | $1.03 | +8.6% | $1.98B | $2.02B | +1.9% | −1.74% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $2.38B | $2.32B | $2.02B | $2.07B | $2.53B | $3.01B | |
| Gross profit | $1.34B | $1.25B | $998.0M | $548.0M | $1.55B | $1.85B | |
| Operating income | −$89.0M | $511.0M | $273.0M | $411.0M | $751.0M | $1.04B | |
| Net income | −$159.0M | $307.0M | $148.0M | $946.0M | −$630.0M | $456.0M | |
| Diluted EPS | −$0.61 | $1.18 | $0.57 | $3.64 | −$2.35 | $1.62 | |
| Gross margin | 56.5% | 53.9% | 49.4% | 26.4% | 61.1% | 61.4% | |
| Operating margin | -3.7% | 22.0% | 13.5% | 19.8% | 29.7% | 34.5% |
Fiscal years (4-quarter sums)FY21 $9.61B · FY22 $12.46B · FY23 $10.88B · FY24 $9.15B · FY25 $8.79B
Revenue by product · Q2 FY26
Revenue by geography · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $700.0M · Total debt $4.92B · Total assets $19.28B · Shareholders' equity $11.50B
Dividends
Raised for 5 straight years — most recently to $0.30 from $0.25 in Jun 2023. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 15, 2026 | Jun 15 | Jun 30 | $0.30 | |
| Mar 13, 2026 | Mar 13 | Mar 31 | $0.30 | |
| Dec 15, 2025 | Dec 15 | Dec 31 | $0.30 | |
| Sep 15, 2025 | Sep 15 | Sep 29 | $0.30 | |
| Jun 13, 2025 | Jun 13 | Jun 30 | $0.30 | |
| Mar 14, 2025 | Mar 14 | Mar 31 | $0.30 | |
| Dec 13, 2024 | Dec 13 | Dec 31 | $0.30 | |
| Sep 13, 2024 | Sep 13 | Sep 27 | $0.30 |
Ownership
Institutions and insiders are filed separately and overlap, so together they can pass the whole company. No split is drawn from them.
Shares outstanding 276.60M · Float 274.16M · 99.1% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 27.03M | 9.77% | 13F | Aug 7, 2026 |
| FMR LLC | 25.75M | 9.31% | 13F | Aug 13, 2026 |
| Capital Research Global Investors | 19.45M | 7.03% | 13F | Aug 12, 2026 |
| Vanguard Portfolio Management LLC | 14.46M | 5.23% | 13F | Aug 13, 2026 |
| Vanguard Capital Management LLC | 12.63M | 4.57% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 12, 2026 | Rachel Maureen Moore | officer: EVP, Corporate Services | −7,753 | $63.32 |
| Mar 13, 2026 | Meghan Nicole Eilers | officer: EVP, M&M & GC | −11,582 | $54.78 |
| Mar 3, 2026 | Howard John Mayson | director | −5,000 | $52.39 |
| Dec 12, 2025 | Gregory Dean Givens | officer: EVP & COO | −50,000 | $40.33 |
| Dec 8, 2025 | Steven W. Nance | director | −5,000 | $41.99 |
Peers
- ConocoPhillips
Scaled rival across both Permian and Montney development
- Diamondback Energy
Large Permian pure play contesting Midland Basin development
- Accelerant
Pure-play Montney rival in gas, condensate, and NGLs
- Canadian Natural Resources
Scaled Canadian producer with a large liquids-rich Montney position
- Devon Energy
Large shale producer anchored by the Delaware Basin
- EOG Resources
Multi-basin producer with a major Delaware Basin operation
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Ovintiv | $64.59 | −0.02% | $17.87B | 18.6 | 9.2 | 1.9 | +30.0% |
| ConocoPhillips | $129.95 | −0.32% | $158.80B | 17.3 | 13.4 | 2.5 | +39.7% |
| Diamondback Energy | $197.67 | −0.03% | $55.61B | 38.6 | 10.7 | 3.3 | +32.1% |
| Accelerant | $19.73 | −0.05% | $4.31B | — | 22.9 | 4.1 | +74.8% |
| Canadian Natural Resources | $49.00 | −0.02% | $102.18B | 12.1 | 17.8 | 3.0 | +46.3% |
| Devon Energy | $47.48 | +0.26% | $52.09B | 11.2 | 9.5 | 2.6 | +83.2% |
| EOG Resources | $143.49 | +0.12% | $76.35B | 11.2 | 9.5 | 2.9 | +60.5% |
| Median | 12.1 | 12.1 | 2.9 | +53.4% |