Ovintiv reports Q2 EPS $1.34, consensus 84c

The company states: “Aaverage total production volumes were above Company guidance on all products at approximately 573 MBOE/d, including 186 Mbbls/d of oil and condensate, 97 Mbbls/d of other NGLs and 1,743 MMcf/d of natural gas.” CEO, Brendan McCracken, says: “We have seamlessly integrated the newly acquired Midland Basin assets into our existing Permian operations. Our team is already deploying the same drilling and completion designs that have been delivering exceptional results on our legacy position and our first, fully Ovintiv-designed wells are expected to be online late in the fourth quarter.”