Ovintiv prepares for 4Q earnings report release

 

The fourth quarter and year-end results for Ovintiv Inc. will be released late next month.

The oil and gas company, with active exploration in Oklahoma plans a release on Wednesday, February 26 after the close of markets. A conference call will be held the next day, Thursday, February 27 at 8 a.m. central time.

The Denver-based company is coming off finalizing a $2.377 billion acquisition of assets from Paramount Resources Ltd. The deal, according to the announcement last fall will add 109,000 acres, 70 MBOE/d of production and 900 well locations in the oil-rich Alberta Montney.

The third quarter was strong for Ovintiv as it recorded $507 million in net earnings, returned $240 million to shareholders and reduced total debt by $210 million to $5.88 billion.