Ovintiv Inc.
OVV · Crude Petroleum & Natural Gas · 281.0M shares · +0%/yr ↑ shares · EDGAR filings ↗
Net buyback after stock comp: $379M (gross $426M, SBC $47M)
Grade
B72Scaled, diversified North American oil & gas producer with solid returns and strong free cash flow but no dominant moat.
Strengths
- Strong cash generation: FCF margin 64.7th pct and free cash flow at 84th pct, with OCF margin ~42%
- Above-median returns (ROA 74th pct, ROE 62nd pct) and healthy interest coverage (~3x, 70th pct)
Risks
- Weak liquidity: current/quick ratio 0.54 (24th pct), leaving little near-term cushion
- Commodity-price cyclicality and a single >10% customer; returns are good but not top-decile
Notable findings
- Exec changeRecent 8-K item 5.02 8-K ↗
- Weak liquidityCurrent ratio 0.54 (<1)
- Strong balance sheetStrong balance sheet — $300M cash & investments
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Operating margin
12.7%
Net margin
13.9%
Return on equity
11.1%
Return on assets
6.1%
ROIC
5.7%
Revenue growth (QoQ)
20.0%
Net-income growth
10.4%
Debt / equity
0.4×
Net debt / EBITDA
1.2×
Interest coverage
3.0×
Current ratio
0.5×
Free cash flow
$1.5B
EBITDA
$3.3B
Tangible book value
$8.6B
Cash & investments
$300M
Stock comp / revenue
0.6%
Supply chain
Customers (2)
Suppliers (0)
Named in the 10-K; linked when we track them.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-05-11 | ResultsOtherExhibits | filing ↗ |
| 2026-05-08 | Shareholder voteExhibits | filing ↗ |
| 2026-04-09 | 1.02Acquisition/dispositionReg FDOtherExhibits | filing ↗ |
| 2026-04-09 | Exhibits | filing ↗ |
| 2026-02-23 | ResultsOtherExhibits | filing ↗ |
| 2026-02-23 | Material agreementExhibits | filing ↗ |
| 2026-02-20 | Exec/director change | filing ↗ |
| 2026-02-17 | Reg FDExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 10-Q | 2026-05-11 | 2026-03-31 | 0001193125-26-217087 ↗ |
| 8-K | 2026-05-11 | 2026-05-11 | 0001193125-26-217081 ↗ |
| 8-K | 2026-05-08 | 2026-05-08 | 0001193125-26-214956 ↗ |
| 8-K | 2026-04-09 | 2026-04-09 | 0001193125-26-149823 ↗ |
| 8-K/A | 2026-04-09 | 2026-02-03 | 0001193125-26-149820 ↗ |
| 8-K | 2026-02-23 | 2026-02-17 | 0001193125-26-062356 ↗ |
| 10-K | 2026-02-23 | 2025-12-31 | 0001193125-26-064309 ↗ |
| 8-K | 2026-02-23 | 2026-02-23 | 0001193125-26-064299 ↗ |
| 8-K/A | 2026-02-20 | 2026-01-29 | 0001193125-26-061626 ↗ |
| 8-K | 2026-02-17 | 2026-02-17 | 0001193125-26-055088 ↗ |
| 8-K | 2026-02-03 | 2026-02-03 | 0001193125-26-034504 ↗ |
| 8-K | 2026-01-30 | 2026-01-30 | 0001193125-26-032051 ↗ |