Earnings Summary

Ovintiv Inc’s revenue fell -12.04% since last year same period to $2214Mn in the Q2 2024. On a quarterly growth basis, Ovintiv Inc has generated -11.65% fall in its revenue since last 3-months.

Ovintiv Inc’s net profit jumped 1.19% since last year same period to $340Mn in the Q2 2024. On a quarterly growth basis, Ovintiv Inc has generated 0.59% jump in its net profits since last 3-months.

Ovintiv Inc’s net profit margin jumped 15.04% since last year same period to 15.36% in the Q2 2024. On a quarterly growth basis, Ovintiv Inc has generated 13.86% jump in its net profit margins since last 3-months.

Ovintiv Inc’s price-to-earnings ratio after this Q2 2024 earnings stands at 5.79.

Ovintiv Inc’s earning per share (EPS) estimates for the current quarter stand at 1.19 - a -9.16% fall from last quarter’s estimates.

Ovintiv Inc’s earning per share (EPS) estimates for the current year stand at 1.19.

Ovintiv Inc’s earning per share (EPS) jumped 32.26% since last year same period to 1.23 in the Q2 2024. This indicates that the Ovintiv Inc has generated 32.26% annual rate of jump in its earning per share (EPS) in the last 4 quarters.

Return on assets (ROA) indicates the profitability of the company in relation to its total assets. This ratio tells the financial health of the company. The higher the ROA, the better the company’s financial health. If any company has a ROA in the range of 5% to 20% - it is generally considered good. ROA above 20% is generally considered excellent. Ovintiv Inc’s return on assets (ROA) stands at 0.09.

The Return On Equity ratio indicates a company’s ability to turn equity capital received from shareholders into profits. ROE highlights the efficiency of equity capital in running the business. Generally, a return on equity in double digits is considered good. Ovintiv Inc’s return on equity (ROE) stands at 0.2.

Ovintiv Inc declared 0.3 dividend per share during the earnings announcement for Q2 2024.