Ovintiv Inc.
For the period ended Jun 30, 2025. Filed Jul 24, 2025.
View on SEC.govAbout this filing
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, 2025 · Filed Jul 24, 2025
OVV$60.50-0.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statement of Earnings
Condensed Consolidated State ment of Earnings(unaudited)
| Three Months Ended · Six Months Ended | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| June 30, · June 30, | ||||||||||
| (US$ millions, except per share amounts) · 2025 · 2024 · 2025 · 2024 | ||||||||||
| Revenues · (Note 3) | ||||||||||
| Product and service revenues (1) | (Note 4) | $1,764 | $1,849 | $3,729 | $3,787 | |||||
| Sales of purchased product (1) | (Note 4) | 450 | 344 | 860 | 793 | |||||
| Gains (losses) on risk management, net | (Note 19) | 87 | 77 | 71 | 23 | |||||
| Sublease revenues | (Note 10) | 17 | 18 | 35 | 37 | |||||
| Total Revenues | 2,318 | 2,288 | 4,695 | 4,640 | ||||||
| Operating Expenses | (Note 3) | |||||||||
| Production, mineral and other taxes | 73 | 89 | 160 | 172 | ||||||
| Transportation and processing | 435 | 413 | 833 | 832 | ||||||
| Operating | (Note 17) | 219 | 237 | 424 | 480 | |||||
| Purchased product | 440 | 333 | 842 | 773 | ||||||
| Depreciation, depletion and amortization | 556 | 580 | 1,101 | 1,146 | ||||||
| Impairments | (Note 9) | - | - | 730 | - | |||||
| Accretion of asset retirement obligation | 8 | 4 | 14 | 9 | ||||||
| Administrative | (Notes 16, 17) | 76 | 76 | 169 | 178 | |||||
| Total Operating Expenses | 1,807 | 1,732 | 4,273 | 3,590 | ||||||
| Operating Income (Loss) | 511 | 556 | 422 | 1,050 | ||||||
| Other (Income) Expenses | ||||||||||
| Interest | (Note 5) | 95 | 105 | 192 | 203 | |||||
| Foreign exchange (gain) loss, net | (Note 6) | 22 | (10) | 32 | (38) | |||||
| Other (gains) losses, net | (5) | (5) | (8) | (9) | ||||||
| Total Other (Income) Expenses | 112 | 90 | 216 | 156 | ||||||
| Net Earnings (Loss) Before Income Tax | 399 | 466 | 206 | 894 | ||||||
| Income tax expense (recovery) | (Note 7) | 92 | 126 | 58 | 216 | |||||
| Net Earnings (Loss) | $307 | $340 | $148 | $678 | ||||||
| Net Earnings (Loss) per Share of Common Stock | (Note 13) | |||||||||
| Basic | $1.19 | $1.28 | $0.57 | $2.53 | ||||||
| Diluted | 1.18 | 1.27 | 0.57 | 2.51 | ||||||
| Weighted Average Shares of Common Stock Outstanding (millions) | (Note 13) | |||||||||
| Basic | 259.0 | 266.2 | 259.7 | 267.9 | ||||||
| Diluted | 260.1 | 268.1 | 261.6 | 270.6 | ||||||
(1)
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.