Financials Ovintiv Inc. Toronto S.E.

Stocks

OVV

US69047Q1022

Oil & Gas Exploration and Production

Delayed Toronto S.E. Other stock markets 12:53:38 2026-07-15 EDT			5-day change	1st Jan Change
78.42 ^CAD	-0.96%		-1.64%	+45.90%

06-22	Ovintiv Shares Rise After Upgrade From Wells Fargo	MT
06-22	Wells Fargo Upgrades Ovintiv to Overweight From Equalweight, Adjusts Price Target to $80 From $57	MT

Projected Income Statement: Ovintiv Inc.

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Net sales ¹	8,658	12,464	10,883	9,152	8,908	9,608	9,114	9,311
Change	-	43.96%	-12.68%	-15.91%	-2.67%	7.85%	-5.14%	2.17%
EBITDA ¹	3,229	4,243	4,495	4,474	4,252	5,161	4,973	5,103
Change	-	31.4%	5.94%	-0.47%	-4.96%	21.39%	-3.64%	2.61%
EBIT ¹	2,039	3,112	2,864	1,579	1,131	1,937	2,795	2,864
Change	-	52.62%	-7.97%	-44.87%	-28.37%	71.28%	44.27%	2.47%
Interest Paid ¹	-340	-311	-355	-412	-376	-304.9	-228.5	-207.2
Earnings before Tax (EBT) ¹	1,239	3,560	2,510	1,351	770	1,301	2,639	2,837
Change	-	187.33%	-29.49%	-46.18%	-43.01%	68.99%	102.84%	7.47%
Net income ¹	1,416	3,637	2,085	1,125	1,242	1,006	1,990	2,058
Change	-	156.85%	-42.67%	-46.04%	10.4%	-19%	97.81%	3.43%
Announcement Date	2/24/22	2/27/23	2/27/24	2/26/25	2/23/26	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3	2027 Q4	2028 Q1
Net sales ¹	1,692	1,789	3,339	1,967	3,736	3,549	3,212	2,551	2,517	2,649	3,166	2,352	2,288	2,324	2,188	2,377	2,318	2,066	2,147	2,532	2,393	2,236	2,255	2,282	2,208	2,257	2,283	2,488
Change	-	5.73%	86.64%	-41.09%	89.93%	-5.01%	-9.5%	-20.58%	-1.33%	5.24%	19.52%	-25.71%	-2.72%	1.57%	-5.85%	8.64%	-2.48%	-10.87%	3.92%	17.93%	-5.48%	-6.58%	0.86%	1.22%	-3.26%	2.22%	1.15%	8.98%
EBITDA ¹	771	895	783	1,080	1,289	958	918	1,024	808	1,250	1,418	1,142	1,155	1,100	1,077	1,151	1,021	986	1,007	1,352	1,383	1,268	1,273	1,310	1,238	1,268	1,324	1,394
Change	-	16.08%	-12.51%	37.93%	19.35%	-25.68%	-4.18%	11.55%	-21.09%	54.7%	13.44%	-19.46%	1.14%	-4.76%	-2.09%	6.87%	-11.29%	-3.43%	2.13%	34.26%	2.28%	-8.31%	0.37%	2.95%	-5.47%	2.38%	4.46%	5.28%
EBIT ¹	460	598	509	816	1,011	663	634	678	531	759	1,188	494	556	527	2	-89	511	273	436	-754	897.9	793.9	779.8	774	767.9	788	815.3	873.1
Change	-	30%	-14.88%	60.31%	23.9%	-34.42%	-4.37%	6.94%	-21.68%	42.94%	56.52%	-58.42%	12.55%	-5.22%	-99.62%	-4,550%	674.16%	-46.58%	59.71%	-272.94%	219.09%	-11.58%	-1.78%	-0.74%	-0.79%	2.62%	3.46%	7.09%
Charge d'intérêts ¹	-99	-77	-77	-74	-91	-83	-63	-71	-80	-98	-106	-98	-105	-103	-106	-97	-95	-91	-93	-104	-79.83	-65.26	-62.69	-64.45	-64.2	-63.95	-63.45	-64
Earnings before Tax (EBT) ¹	-205	-71	1,382	-246	1,422	1,274	1,110	613	437	393	1,067	428	466	558	-101	-193	399	192	372	-827	800.3	675.3	649.7	727.7	690.4	714.2	772.7	807.5
Change	-	65.37%	2,046.48%	-117.8%	678.05%	-10.41%	-12.87%	-44.77%	-28.71%	-10.07%	171.5%	-59.89%	8.88%	19.74%	-118.1%	-91.09%	306.74%	-51.88%	93.75%	-322.31%	196.78%	-15.62%	-3.79%	12.01%	-5.13%	3.46%	8.19%	4.5%
Net income ¹	-205	-72	1,384	-241	1,360	1,186	1,335	487	336	406	856	338	340	507	-60	-159	307	148	946	-630	600.5	517.6	521.5	572.3	517.1	529.5	561.1	626.9
Change	-	64.88%	2,022.22%	-117.41%	664.32%	-12.79%	12.56%	-63.52%	-31.01%	20.83%	110.84%	-60.51%	0.59%	49.12%	-111.83%	-165%	293.08%	-51.79%	539.19%	-166.6%	195.32%	-13.81%	0.76%	9.74%	-9.66%	2.4%	5.97%	11.74%
Announcement Date	7/27/21	11/2/21	2/24/22	5/9/22	8/3/22	11/8/22	2/27/23	5/9/23	7/27/23	11/7/23	2/27/24	5/7/24	7/30/24	11/7/24	2/26/25	5/6/25	7/24/25	11/4/25	2/23/26	5/11/26	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Ovintiv Inc.

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Net Debt ¹	4,591	3,565	5,734	5,411	5,167	3,030	2,642	2,561
Change	-	-22.35%	60.84%	-5.63%	-4.51%	-41.36%	-12.81%	-3.07%
Announcement Date	2/24/22	2/27/23	2/27/24	2/26/25	2/23/26	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Ovintiv Inc.

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
CAPEX ¹	1,519	1,831	2,744	2,303	2,147	2,306	2,264	2,266
Change	-	20.54%	49.86%	-16.07%	-6.77%	7.41%	-1.82%	0.08%
Free Cash Flow (FCF) ¹	1,690	2,279	1,155	1,739	1,638	2,497	2,109	2,046
Change	-	34.85%	-49.32%	50.56%	-5.81%	52.42%	-15.53%	-3%
Announcement Date	2/24/22	2/27/23	2/27/24	2/26/25	2/23/26	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Ovintiv Inc.

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Profitability
EBITDA Margin (%)	37.29%	34.04%	41.3%	48.89%	47.73%	53.72%	54.57%	54.81%
EBIT Margin (%)	23.55%	24.97%	26.32%	17.25%	12.7%	20.16%	30.66%	30.76%
EBT Margin (%)	14.31%	28.56%	23.06%	14.76%	8.64%	13.54%	28.96%	30.46%
Net margin (%)	16.35%	29.18%	19.16%	12.29%	13.94%	10.47%	21.83%	22.11%
FCF margin (%)	19.52%	18.28%	10.61%	19%	18.39%	25.99%	23.14%	21.97%
FCF / Net Income (%)	119.35%	62.66%	55.4%	154.58%	131.88%	248.17%	105.98%	99.39%
Profitability
ROA	9.15%	12.15%	11.9%	5.73%	-	8.88%	7.3%	-
ROE	31.78%	27.72%	23.09%	10.87%	11.68%	13.59%	15.84%	16.22%
Financial Health
Leverage (Debt/EBITDA)	1.42x	0.84x	1.28x	1.21x	1.22x	0.59x	0.53x	0.5x
Debt / Free cash flow	2.72x	1.56x	4.96x	3.11x	3.15x	1.21x	1.25x	1.25x
Capital Intensity
CAPEX / Current Assets (%)	17.54%	14.69%	25.21%	25.16%	24.1%	24%	24.84%	24.33%
CAPEX / EBITDA (%)	47.04%	43.15%	61.05%	51.48%	50.49%	44.68%	45.53%	44.4%
CAPEX / FCF (%)	89.88%	80.34%	237.58%	132.43%	131.07%	92.37%	107.36%	110.76%
Items per share
Cash flow per share ¹	12.05	15.91	14.77	15.12	14.57	17.4	16.83	18.32
Change	-	32.04%	-7.11%	2.34%	-3.64%	19.42%	-3.25%	8.81%
Dividend per Share ¹	0.4675	0.95	1.15	1.2	1.2	1.217	1.21	1.271
Change	-	103.21%	21.05%	4.35%	0%	1.44%	-0.6%	5.03%
Book Value Per Share ¹	19.67	31.29	39.9	39.67	44.2	44.5	50.15	60.58
Change	-	59.12%	27.5%	-0.57%	11.4%	0.68%	12.7%	20.79%
EPS ¹	5.32	14.08	7.9	4.21	4.78	4.083	7.849	9.435
Change	-	164.66%	-43.89%	-46.71%	13.54%	-14.58%	92.24%	20.2%
Nbr of stocks (in thousands)	261,084	248,262	271,698	260,324	253,259	281,019	281,019	281,019
Announcement Date	2/24/22	2/27/23	2/27/24	2/26/25	2/23/26	-	-	-