Ovintiv reports Q3 EPS $1.47, consensus $1.74

Reports Q3 average total production volumes were at the high end or above Company guidance on all products at approximately 572 MBOE/d, including 214 Mbbls/d of oil and condensate, 87 Mbbls/d of other NGLs and 1,625 MMcf/d of natural gas. “Our outstanding Q3 results are a reflection of the momentum we have been building all year,” said Ovintiv President and CEO, Brendan McCracken. “Strong well performance across the portfolio, combined with the seamless integration of our new Permian assets, has allowed us to significantly exceed our oil and condensate guidance, reflecting both enhanced capital efficiency and higher returns on our invested capital.”