Ovintiv Reports First Quarter 2021 Financial and Operating Results

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Go back to Ovintiv Reports First Quarter 2021 Financial and Operating Results

Ovintiv Inc. (OVV) Tops Q1 EPS by 38c

April 28, 2021 5:17 PM EDT

Ovintiv Inc. (NYSE: OVV) reported Q1 EPS of $1.16, $0.38 better than the analyst estimate of $0.78.

Highlights:

First quarter 2021 net earnings of $309 million ($1.16 per share diluted), cash from operating activities of $827 million and non-GAAP cash flow of $890 millionGenerated $540 million of non-GAAP free cash flow in the quarter and reduced total debt by $467 million to $6.4 billionExceeded divestiture target with more than $1.1 billion in announced asset sales; well... More