Ovintiv Inc. Files Q1 2024 10-Q Report
Ticker: OVV · Form: 10-Q · Filed: 2024-05-07T00:00:00.000Z
Sentiment: neutral
Topics: 10-Q, quarterly-report, oil-and-gas
TL;DR
Ovintiv's Q1 2024 10-Q is in: check financials for latest performance.
AI Summary
Ovintiv Inc. filed its 10-Q for the period ending March 31, 2024. The company reported its financial results, including revenues and net income, for the first quarter of 2024. Specific details on operational performance and financial position were disclosed in the filing.
Why It Matters
This filing provides investors with the latest financial performance data for Ovintiv Inc., crucial for understanding the company's current health and future prospects in the oil and gas sector.
Risk Assessment
Risk Level: medium — The filing is a standard quarterly report, but the oil and gas industry is inherently volatile, posing medium risk.
Key Players & Entities
- Ovintiv Inc. (company) — Filer of the 10-Q report
- 20240331 (date) — End of the reporting period
- 20240507 (date) — Filing date of the report
- 370 - 17TH STREET, SUITE 1700 (address) — Company's business and mailing address
- DENVER (location) — City of the company's address
- CO (location) — State of the company's address
- 80202 (zip_code) — Zip code of the company's address
- (303) 623-2300 (phone_number) — Company's business phone number
FAQ
What is the reporting period for this 10-Q filing?
The Conformed Period of Report is 20240331, indicating the first quarter of 2024.
When was this 10-Q filed with the SEC?
The filing date (FILED AS OF DATE) is 20240507.
What is Ovintiv Inc.'s primary industry classification?
Ovintiv Inc. is classified under STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311].
What is the company's fiscal year end?
The company's fiscal year ends on 1231.
What is the SEC file number for Ovintiv Inc.?
The SEC FILE NUMBER is 001-39191.
From the Filing
0000950170-24-054736.txt : 20240507 0000950170-24-054736.hdr.sgml : 20240507 20240507170924 ACCESSION NUMBER: 0000950170-24-054736 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 114 CONFORMED PERIOD OF REPORT: 20240331 FILED AS OF DATE: 20240507 DATE AS OF CHANGE: 20240507 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Ovintiv Inc. CENTRAL INDEX KEY: 0001792580 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-39191 FILM NUMBER: 24923123 BUSINESS ADDRESS: STREET 1: 370 - 17TH STREET, SUITE 1700 CITY: DENVER STATE: CO ZIP: 80202 BUSINESS PHONE: (303) 623-2300 MAIL ADDRESS: STREET 1: 370 - 17TH STREET, SUITE 1700 CITY: DENVER STATE: CO ZIP: 80202 FORMER COMPANY: FORMER CONFORMED NAME: 1847432 Alberta ULC DATE OF NAME CHANGE: 20191029 10-Q 1 ovv-20240331.htm 10-Q 10-Q 0001792580 false --12-31 Q1 7 8 http://fasb.org/us-gaap/2023#OtherNonoperatingIncomeExpense http://fasb.org/us-gaap/2023#OtherNonoperatingIncomeExpense http://fasb.org/us-gaap/2023#OtherNonoperatingIncomeExpense http://fasb.org/us-gaap/2023#OtherNonoperatingIncomeExpense http://fasb.org/us-gaap/2023#OtherNonoperatingIncomeExpense http://fasb.org/us-gaap/2023#OtherNonoperatingIncomeExpense http://fasb.org/us-gaap/2023#OtherNonoperatingIncomeExpense http://fasb.org/us-gaap/2023#OtherNonoperatingIncomeExpense http://fasb.org/us-gaap/2023#OtherNonoperatingIncomeExpense http://fasb.org/us-gaap/2023#OtherNonoperatingIncomeExpense http://fasb.org/us-gaap/2023#OtherNonoperatingIncomeExpense http://fasb.org/us-gaap/2023#OtherNonoperatingIncomeExpense http://fasb.org/us-gaap/2023#OtherNonoperatingIncomeExpense http://fasb.org/us-gaap/2023#OtherNonoperatingIncomeExpense http://fasb.org/us-gaap/2023#OtherNonoperatingIncomeExpense http://fasb.org/us-gaap/2023#OtherNonoperatingIncomeExpense http://fasb.org/us-gaap/2023#DerivativeAssetsCurrent http://fasb.org/us-gaap/2023#DerivativeAssetsNoncurrent http://fasb.org/us-gaap/2023#DerivativeAssetsCurrent http://fasb.org/us-gaap/2023#DerivativeLiabilitiesCurrent http://fasb.org/us-gaap/2023#DerivativeLiabilitiesNoncurrent http://fasb.org/us-gaap/2023#DerivativeAssetsCurrent http://fasb.org/us-gaap/2023#DerivativeAssetsNoncurrent http://fasb.org/us-gaap/2023#DerivativeAssetsCurrent http://fasb.org/us-gaap/2023#DerivativeLiabilitiesCurrent http://fasb.org/us-gaap/2023#DerivativeLiabilitiesNoncurrent http://fasb.org/us-gaap/2023#OtherNonoperatingIncomeExpense http://fasb.org/us-gaap/2023#OtherNonoperatingIncomeExpense 12-31-2024 12-31-2024 12-31-2024 12-31-2025 12-31-2024 12-31-2024 12-31-2024 12-31-2024 12-31-2025 12-31-2024 12-31-2024 12-31-2025 12-31-2024 http://fasb.org/us-gaap/2023#GainLossFromPriceRiskManagementActivity http://fasb.org/us-gaap/2023#GainLossFromPriceRiskManagementActivity http://fasb.org/us-gaap/2023#GainLossFromPriceRiskManagementActivity http://fasb.org/us-gaap/2023#GainLossFromPriceRiskManagementActivity http://fasb.org/us-gaap/2023#GainLossFromPriceRiskManagementActivity http://fasb.org/us-gaap/2023#GainLossFromPriceRiskManagementActivity http://fasb.org/us-gaap/2023#GainLossFromPriceRiskManagementActivity http://fasb.org/us-gaap/2023#GainLossFromPriceRiskManagementActivity 0001792580 srt:OilReservesMember ovv:WestTexasIntermediateFixedPriceContractsMaturingTwoThousandAndTwentyFourMember 2024-03-31 0001792580 us-gaap:FairValueInputsLevel3Member us-gaap:AccountsPayableAndAccruedLiabilitiesMember 2024-03-31 0001792580 srt:NaturalGasLiquidsReservesMember ovv:ProductRevenuesIncludingSaleOfProductPurchasedFromThirdPartiesMember 2023-01-01 2023-03-31 0001792580 us-gaap:CommodityContractMember 2024-01-01 2024-03-31 0001792580 2023-12-31 0001792580 us-gaap:FairValueInputsLevel2Member us-gaap:OtherNoncurrentAssetsMember us-gaap:CommodityContractMember 2023-12-31 0001792580 us-gaap:OperatingSegmentsMember ovv:C