Overview
Oil and gas producer's Q4 net earnings were $946 mln
Company returned over $600 mln to shareholders via dividends and buybacks
Outlook
Ovintiv plans 2026 capital program of $2.25 to $2.35 bln
Company expects 2026 production volumes of 620 to 645 MBOE/d
Ovintiv to return at least 75% of 2026 Free Cash Flow to shareholders
Result Drivers
NUVISTA ACQUISITION - Acquisition of NuVista Energy added 100 MBOE/d of production and significant land assets
LOW PRODUCTION COSTS - Q4 upstream operating expenses were at the low end of Co's guidance
Company press release: ID:nPnNNsV4a
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 EPS
$3.70
Q4 Capex
$465 mln
Q4 Net Income
$946 mln
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 19 "strong buy" or "buy", 4 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the oil & gas exploration and production peer group is "buy"
Wall Street's median 12-month price target for Ovintiv Inc is $55.00, about 8.2% above its February 23 closing price of $50.83
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 7 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
