Ovintiv reported adjusted Q4 earnings per share that exceeded analyst expectations, driven by an increase in production across its U.S. shale assets. Average daily output climbed year over year, reflecting improved well performance and operational efficiencies.

Total Q4 revenue declined on a year-over-year basis as realized oil prices weakened, offsetting volume gains. Lower commodity realizations outweighed higher production, leading to an overall drop in top-line results.