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