Ovintiv Inc. reported second-quarter 2026 results with revenue of $3013M and diluted EPS of $1.62, driven by stronger realized oil and condensate prices and higher volumes following the NuVista acquisition; net income was $456M for the quarter.
Financial Highlights
- Revenue was $3013M, compared with $2318M in the prior-year quarter; YoY change 30%.
- Net income was $456M, compared with $307M in the prior-year quarter; YoY change 48.5%.
- Diluted EPS was $1.62, compared with $1.18 in the prior-year quarter; YoY change 37.3%.
Business Highlights
- Closed the NuVista acquisition on Feb. 3, 2026, adding roughly 930 net well locations and about 140,000 net acres; company is focused on integration and executing its capital plan.
- H1 2026 production averaged approximately 646.6 MBOE/d with liquids making up about 47% of mix; Permian outperformance supported an upward revision to full-year guidance.
- Upstream product revenues rose on stronger realized oil and condensate prices and increased condensate and gas volumes following the acquisition.
- Operational efforts continue to emphasize multi-well cube development, advanced completions and emissions-reducing practices to boost well performance and reduce costs.
- Material 2026 volumes for oil and gas are hedged, and the company expanded downstream market access through transportation contracts to optimize realized prices.
Original SEC Filing:
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