Ovintiv Inc
For the period ended Jun 30, 2024. Filed Jul 30, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Jul 30, 2024
OVV$60.50-0.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statement of Earnings
Condensed Consolidated State ment of Earnings(unaudited)
| Three Months Ended · Six Months Ended | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| June 30, · June 30, | ||||||||||
| (US$ millions, except per share amounts) · 2024 · 2023 · 2024 · 2023 | ||||||||||
| Revenues · (Note 3) | ||||||||||
| Product and service revenues | (Note 4) | $2,193 | $2,352 | $4,580 | $4,944 | |||||
| Gains (losses) on risk management, net | (Note 19) | 77 | 147 | 23 | 89 | |||||
| Sublease revenues | (Note 11) | 18 | 18 | 37 | 35 | |||||
| Total Revenues | 2,288 | 2,517 | 4,640 | 5,068 | ||||||
| Operating Expenses | (Note 3) | |||||||||
| Production, mineral and other taxes | 89 | 76 | 172 | 160 | ||||||
| Transportation and processing | 413 | 452 | 832 | 907 | ||||||
| Operating | 237 | 175 | 480 | 381 | ||||||
| Purchased product | 333 | 692 | 773 | 1,393 | ||||||
| Depreciation, depletion and amortization | 580 | 419 | 1,146 | 783 | ||||||
| Accretion of asset retirement obligation | 4 | 4 | 9 | 9 | ||||||
| Administrative | 76 | 168 | 178 | 226 | ||||||
| Total Operating Expenses | 1,732 | 1,986 | 3,590 | 3,859 | ||||||
| Operating Income (Loss) | 556 | 531 | 1,050 | 1,209 | ||||||
| Other (Income) Expenses | ||||||||||
| Interest | (Note 5) | 105 | 80 | 203 | 151 | |||||
| Foreign exchange (gain) loss, net | (Note 6) | (10) | 25 | (38) | 22 | |||||
| Other (gains) losses, net | (5) | (11) | (9) | (14) | ||||||
| Total Other (Income) Expenses | 90 | 94 | 156 | 159 | ||||||
| Net Earnings (Loss) Before Income Tax | 466 | 437 | 894 | 1,050 | ||||||
| Income tax expense (recovery) | (Note 7) | 126 | 101 | 216 | 227 | |||||
| Net Earnings (Loss) | $340 | $336 | $678 | $823 | ||||||
| Net Earnings (Loss) per Share of Common Stock | (Note 14) | |||||||||
| Basic | $1.28 | $1.35 | $2.53 | $3.33 | ||||||
| Diluted | 1.27 | 1.34 | 2.51 | 3.28 | ||||||
| Weighted Average Shares of Common Stock Outstanding (millions) | (Note 14) | |||||||||
| Basic | 266.2 | 249.4 | 267.9 | 246.9 | ||||||
| Diluted | 268.1 | 250.8 | 270.6 | 250.8 | ||||||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.