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Ovintiv Reports Second Quarter 2021 Financial and Operating Results

Ovintiv Reports Second Quarter 2021 Financial and Operating Results
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Ovintiv Reports Second Quarter 2021 Financial and Operating Results

Ovintiv Reports Second Quarter 2021 Financial and Operating Results
prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.

United States , Brendan Mccracken , Woodford Caney , Ngls Mbbls , Doug Suttles , Oil Mbbls , Oil Hedge Gains Losses , Company Eagle Ford , Oil Condensate Hedges , Company Annual Report On Form , Oil Condensate Mbbls , Oil Plant Condensate , Oil Plant Condensate Mbbls , Ovintiv Inc , Dividend Increased , New Debt Target , Quarter Highlights , Recordable Injury Frequency , Recordable Injuries , Howard County , Eagle Ford , Total Costs , North America , Plant Condensate , Add Back , Flow Margin ,

Ovintiv Reports First Quarter 2021 Financial and Operating Results

Ovintiv Reports First Quarter 2021 Financial and Operating Results
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Highlights:
First quarter 2021 net earnings of $309 million ($1.16 per share diluted), cash from operating activities of $827 million and non-GAAP cash flow of $890 million
Generated $540 million of non-GAAP free cash flow in the quarter and reduced total debt by $467 million to $6.4 billion
Exceeded divestiture target with more than $1.1 billion in announced asset sales; well ahead of year-end 2022 target; previously announced Duvernay asset sale closed today
Leveraged dynamic operational execution, multi-basin optionality and strong realized prices for products across the portfolio to offset the production and cash flow impacts of winter storm Uri ....

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Ovintiv Reports First Quarter 2021 Financial and Operating Results

Ovintiv Reports First Quarter 2021 Financial and Operating Results
prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.

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