The financial and operating results for the second quarter of operations by Ovintiv Inc. will be released on the next to the last day of the month.
The Denver-based oil and gas company with drilling and exploration efforts in Oklahoma plans a release after the close of markets on Tuesday, July 30.
Company leaders will gather the next day, Wednesday, July 31 at 7 a.m. Central Time to hold a conference call and discussion of the results.
In early May, Ovintiv’s first quarter earnngs report showed the firm had generated net earnings of $338 million and $659 million in cash from operating activities. Its non-GAAP Cash flow was $1.035 million and non-GAAP free cash flow of $444 million after capital expenditures of $591 million.
Its first quarter production was at the high-end or above the company’s guidance rante with average total production of 574,000 barrels of oil equivalent a day.
“Our solid execution continued across the portfolio during the first quarter,” said Ovintiv President and CEO, Brendan McCracken. “Our combination of strong productivity, leading capital efficiency and a stronger oil price environment have raised our expectations for 2024 Non-GAAP Free Cash Flow from $1.6 billion to $1.9 billion – roughly $750 million more than last year.”
