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Stock impact report

Ovintiv outlines return of 75% free cash flow to shareholders in 2026 as portfolio transformation completes [Seeking Alpha]

Ovintiv Inc. (DE) (OVV) 
Last ovintiv inc. (de) earnings: 2/19 08:54 pm Check Earnings Report
Company Research Source: Seeking Alpha
Brendan McCracken, President and CEO, emphasized the completion of Ovintiv's strategic portfolio transformation, stating the company has "remade our portfolio, reset our balance sheet, grown profitability and built one of the deepest inventory positions in our Quick Insights Management expects a sharper focus on Permian and Montney assets, completed asset sales, and debt reduction to allow returning at least 75% of free cash flow to shareholders, along with a $3 billion buyback program. Ovintiv anticipates improved margins driven by lower LOE, taxes, and interest expense, alongside cost synergies and capital discipline following the Anadarko sale and NuVista integration. The company set a 50%-100% shareholder return range to allow adjustment for commodity volatility, emphasizing discipline and flexibility in capital allocation and buybacks. More Trending News Show less Read more
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