Ovintiv 2Q FY26 net earnings rise to $456 million; Non-GAAP free cash flow climbs to $682 million
OVV•Updated full-year outlook
The company raised full-year production guidance to 630-645 MBOE/d, keeping capital spending outlook unchanged at USD 2.25-2.35 billion.
Second-quarter results and cash flow
Ovintiv posted 2Q 2026 net earnings of USD 456 million, or USD 1.62 per diluted share, including a USD 337 million pre-tax divestiture loss.
Non-GAAP free cash flow more than doubled to USD 682 million, while Non-GAAP cash flow rose to about USD 1.26 billion.
Production, asset sale and shareholder returns
Production averaged 615 MBOE/d, including 206 Mbbls/d oil and condensate; it closed the Anadarko asset sale for about USD 2.82 billion.
Ovintiv returned about 63% of Non-GAAP free cash flow via USD 345 million of buybacks and USD 84 million of dividends; quarterly dividend set at USD 0.30.
