Ovintiv Inc.
For the period ended Mar 31, 2025. Filed May 6, 2025.
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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.
Mar 31, 2025 · Filed May 6, 2025
OVV$60.50-0.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statement of Earnings
Condensed Consolidated State ment of Earnings(unaudited)
| Three Months Ended | ||||||
|---|---|---|---|---|---|---|
| March 31, | ||||||
| (US$ millions, except per share amounts) · 2025 · 2024 | ||||||
| Revenues · (Note 3) | ||||||
| Product and service revenues (1) | (Note 4) | $1,965 | $1,938 | |||
| Sales of purchased product (1) | (Note 4) | 410 | 449 | |||
| Gains (losses) on risk management, net | (Note 19) | (16) | (54) | |||
| Sublease revenues | (Note 10) | 18 | 19 | |||
| Total Revenues | 2,377 | 2,352 | ||||
| Operating Expenses | (Note 3) | |||||
| Production, mineral and other taxes | 87 | 83 | ||||
| Transportation and processing | 398 | 419 | ||||
| Operating | (Note 17) | 205 | 243 | |||
| Purchased product | 402 | 440 | ||||
| Depreciation, depletion and amortization | 545 | 566 | ||||
| Impairments | (Note 9) | 730 | - | |||
| Accretion of asset retirement obligation | 6 | 5 | ||||
| Administrative | (Notes 16, 17) | 93 | 102 | |||
| Total Operating Expenses | 2,466 | 1,858 | ||||
| Operating Income (Loss) | (89) | 494 | ||||
| Other (Income) Expenses | ||||||
| Interest | (Note 5) | 97 | 98 | |||
| Foreign exchange (gain) loss, net | (Note 6) | 10 | (28) | |||
| Other (gains) losses, net | (3) | (4) | ||||
| Total Other (Income) Expenses | 104 | 66 | ||||
| Net Earnings (Loss) Before Income Tax | (193) | 428 | ||||
| Income tax expense (recovery) | (Note 7) | (34) | 90 | |||
| Net Earnings (Loss) | $(159) | $338 | ||||
| Net Earnings (Loss) per Share of Common Stock | (Note 13) | |||||
| Basic | $(0.61) | $1.25 | ||||
| Diluted | (0.61) | 1.24 | ||||
| Weighted Average Shares of Common Stock Outstanding (millions) | (Note 13) | |||||
| Basic | 260.4 | 269.7 | ||||
| Diluted | 260.4 | 272.3 | ||||
(1)
See Note 3 regarding the reclassification of the Company’s previously reported Market Optimization segment.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.