Ovintiv: Fourth Quarter Earnings Overview
Ovintiv Inc. Announces Strong Fourth-Quarter Earnings
Ovintiv Inc., headquartered in Denver, revealed on Monday that it earned $946 million during the fourth quarter.
The company reported a net profit of $3.70 per share, with adjusted earnings—excluding one-time items—coming in at $1.39 per share.
These results surpassed analysts’ expectations, as a survey by Zacks Investment Research of seven analysts had predicted earnings of $0.98 per share.
Ovintiv’s revenue for the quarter reached $2.15 billion, exceeding the $1.95 billion anticipated by four analysts polled by Zacks.
For the full year, Ovintiv posted a total profit of $1.24 billion, or $4.78 per share, with annual revenue totaling $8.91 billion.
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