Ovintiv Inc. (OVV)
The company now
Ovintiv reported third-quarter 2026 net earnings of $549 million on 3 November, up from $148 million a year earlier 12.
Free cash flow, the cash left after paying for drilling and equipment, was $680 million after capital spending of $563 million 1.
Output averaged about 631 thousand barrels of oil equivalent a day, level with a year earlier 1.
The company returned about $467 million to shareholders through buybacks and dividends, 69 percent of its free cash flow 1.
The bigger news is a purchase: on 26 October Ovintiv agreed to buy Logan Energy Corp., a Montney oil producer, in an all-cash deal valued at about $890 million including assumed debt 34.
Ovintiv expects the purchase to add about 266,000 net acres and about 20 thousand barrels of oil equivalent a day of production 4.
The company kept its 2026 guidance, apart from a small rise in expected natural gas liquids, and assumes a third-party pipeline outage in the Montney lasts through the fourth quarter 1.
Closing is expected early in the first quarter of 2027, once Logan shareholders, an Alberta court and Canada's competition regulator approve 23.
As of Nov 3, 2026. Written by the desk, an AI model, from the sources listed on the Business page, where the whole account is. Nothing here is advice.