Ovintiv Reports Q3 GAAP EPS of $1.99, Exceeding Estimates
Ovintiv (NYSE: OVV) reported third-quarter financial results that surpassed analyst expectations, posting a GAAP earnings per share (EPS) of $1.99, which beat estimates by $0.06. The company generated net earnings totaling $549 million during the period. The energy firm demonstrated strong liquidity and cash generation capabilities, reporting $1.1 billion in cash from operating activities. Additionally, Ovintiv recorded Non-GAAP Free Cash Flow of $680 million after accounting for capital expenditures of $563 million.
Tickers: $OVV
Topics: cash flow earnings beat net earnings