Ovintiv reports Q2 GAAP EPS of $1.62, missing estimates as operating cash flow reaches $1.6 billion.
Ovintiv posted a Q2 GAAP earnings per share of $1.62, missing expectations by $0.49. The company recognized a $122 million net gain on risk management in revenues before tax.
Cash from operating activities totaled $1.6 billion, while non-GAAP cash flow was approximately $1.3 billion. The results reflect ongoing operational performance amid market conditions.
No immediate market reaction was disclosed in the release.