Ovintiv Inc reports results for the quarter ended June 30 - Earnings Summary
Ovintiv Inc reports results for the quarter ended June 30 - Earnings Summary
Ovintiv Inc OVV.N reported quarterly adjusted earnings of $1.74 per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $1.02. The mean expectation of nineteen analysts for the quarter was for earnings of $1.92 per share. Wall Street expected results to range from $1.42 to $2.29 per share.
Revenue rose 30% to $3.01 billion from a year ago; analysts expected $2.36 billion.
Ovintiv Inc's reported EPS for the quarter was $1.62.
The company reported quarterly net income of $456 million.
Ovintiv Inc shares had risen by 14.9% this quarter and gained 54.4% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 2.6% in the last three months.
In the last 30 days, twelve analysts negatively revised earnings estimates
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 20 "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 also "buy"
Wall Street's median 12-month price target for Ovintiv Inc is $70.00, about 12.3% above its last closing price of $61.39
This summary was machine generated from LSEG data July 23 at 11:02 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
QUARTER ENDING | ESTIMATE | ACTUAL | BEAT, MET, MISSED |
Jun. 30 2026 | 1.92 | 1.74 | Missed |
Mar. 31 2026 | 1.86 | 2.00 | Beat |
Dec. 31 2025 | 0.99 | 1.39 | Beat |
Sep. 30 2025 | 0.92 | 1.03 | Beat |