Ovintiv Inc. Files Q1 2025 10-Q
Ticker: OVV · Form: 10-Q · Filed: 2025-05-06T00:00:00.000Z
Sentiment: neutral
Topics: 10-Q, oil-and-gas, financial-reporting
TL;DR
Ovintiv's Q1 2025 10-Q is in. Check financials.
AI Summary
Ovintiv Inc. filed its 10-Q for the period ending March 31, 2025. The company, formerly known as Alberta ULC, is based in Denver, Colorado, and operates in the crude petroleum and natural gas sector. The filing includes financial data and disclosures related to its operations and financial position.
Why It Matters
This filing provides investors with a quarterly update on Ovintiv's financial performance and operational status in the volatile energy market.
Risk Assessment
Risk Level: medium — The company operates in the highly cyclical and capital-intensive oil and gas industry, which is subject to significant price volatility and regulatory changes.
Key Players & Entities
- Ovintiv Inc. (company) — Filer of the 10-Q
- Alberta ULC (company) — Former name of Ovintiv Inc.
- 20250331 (date) — Period of report for the 10-Q
- 20250506 (date) — Filing date of the 10-Q
- Denver, CO (location) — Business and mailing address of Ovintiv Inc.
FAQ
What is the primary business of Ovintiv Inc.?
Ovintiv Inc. operates in the Crude Petroleum & Natural Gas sector, as indicated by its SIC code [1311].
When was the company formerly known as Alberta ULC?
The company was formerly known as Alberta ULC until a name change on October 29, 2019.
What is the fiscal year end for Ovintiv Inc.?
Ovintiv Inc.'s fiscal year ends on December 31st.
What is the SEC file number for Ovintiv Inc.?
The SEC file number for Ovintiv Inc. is 001-39191.
What period does this 10-Q filing cover?
This 10-Q filing covers the period ending March 31, 2025.
From the Filing
0000950170-25-064603.txt : 20250506 0000950170-25-064603.hdr.sgml : 20250506 20250506170511 ACCESSION NUMBER: 0000950170-25-064603 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 110 CONFORMED PERIOD OF REPORT: 20250331 FILED AS OF DATE: 20250506 DATE AS OF CHANGE: 20250506 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 EIN: 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: 25918196 BUSINESS ADDRESS: STREET 1: SUITE 1700 STREET 2: 370 - 17 STREET CITY: DENVER STATE: CO BUSINESS PHONE: (303) 623-2300 MAIL ADDRESS: STREET 1: SUITE 1700 STREET 2: 370 - 17 STREET CITY: DENVER STATE: CO FORMER COMPANY: FORMER CONFORMED NAME: 1847432 Alberta ULC DATE OF NAME CHANGE: 20191029 10-Q 1 ovv-20250331.htm 10-Q 10-Q Q1 0001792580 false --12-31 P6Y 8 2024-12-31 http://fasb.org/us-gaap/2024#CostsAndExpenses http://fasb.org/us-gaap/2024#CostsAndExpenses http://fasb.org/us-gaap/2024#DerivativeAssetsCurrent http://fasb.org/us-gaap/2024#DerivativeAssetsCurrent http://fasb.org/us-gaap/2024#DerivativeLiabilitiesCurrent http://fasb.org/us-gaap/2024#DerivativeLiabilitiesNoncurrent http://fasb.org/us-gaap/2024#DerivativeLiabilitiesCurrent http://fasb.org/us-gaap/2024#DerivativeAssetsCurrent http://fasb.org/us-gaap/2024#DerivativeAssetsCurrent http://fasb.org/us-gaap/2024#DerivativeLiabilitiesCurrent http://fasb.org/us-gaap/2024#DerivativeLiabilitiesNoncurrent http://fasb.org/us-gaap/2024#DerivativeLiabilitiesCurrent http://fasb.org/us-gaap/2024#OtherNonoperatingIncomeExpense http://fasb.org/us-gaap/2024#OtherNonoperatingIncomeExpense 12-31-2025 12-31-2026 12-31-2025 12-31-2026 12-31-2025 12-31-2025 12-31-2025 http://fasb.org/us-gaap/2024#GainLossFromPriceRiskManagementActivity http://fasb.org/us-gaap/2024#GainLossFromPriceRiskManagementActivity http://fasb.org/us-gaap/2024#GainLossFromPriceRiskManagementActivity http://fasb.org/us-gaap/2024#GainLossFromPriceRiskManagementActivity http://fasb.org/us-gaap/2024#GainLossFromPriceRiskManagementActivity http://fasb.org/us-gaap/2024#GainLossFromPriceRiskManagementActivity http://fasb.org/us-gaap/2024#GainLossFromPriceRiskManagementActivity http://fasb.org/us-gaap/2024#GainLossFromPriceRiskManagementActivity 0001792580 2023-01-01 2023-09-30 0001792580 ovv:PerformanceSharesUnitsAndRestrictedSharesUnitsMember 2024-01-01 2024-12-31 0001792580 ovv:MontneyAcquisitionMember 2025-01-31 0001792580 ovv:FivePointThreeSeventyFivePercentUnsecuredNotesMember ovv:UnsecuredNotesDueJanuaryOneTwoThousandTwentySixMember 2024-12-31 0001792580 us-gaap:CallOptionMember srt:NaturalGasReservesMember us-gaap:ShortMember ovv:NewyorkMercantileExchangeThreeWayOptionsMaturingTwoThousandAndtwentyFiveMember 2025-03-31 0001792580 us-gaap:StockAppreciationRightsSARSMember currency:USD 2024-03-31 0001792580 us-gaap:FairValueInputsLevel1Member us-gaap:OtherNoncurrentLiabilitiesMember us-gaap:CommodityContractMember 2025-03-31 0001792580 2024-01-01 2024-03-31 0001792580 ovv:UnsecuredNotesDueMayFifteenTwoThousandTwentyFiveMember ovv:FivePointSixtyFivePercentUnsecuredNotesMember 2025-03-31 0001792580 ovv:OilOneMember ovv:ProductRevenueMember 2025-01-01 2025-03-31 0001792580 us-gaap:OtherNoncurrentAssetsMember us-gaap:FairValueInputsLevel1Member us-gaap:CommodityContractMember 2025-03-31 0001792580 ovv:WestTexasIntermediateThreeWayOptionsMaturingTwoThousandAndTwentyFiveMember srt:OilReservesMember 2025-01-01 2025-03-31 0001792580 us-gaap:OperatingSegmentsMember ovv:UsaOperationsMember ovv:UnprovedPropertiesMember 2024-12-31 0001792580 ovv:UnsecuredNotesDueJulyFifteenTwoThousandFiftyThreeMember ovv:SevenPointTenPercentUnsecuredNotesMember 2025-01-01 2025-03-31 0001792580 2024-03-31 0001792580 currency:CAD ovv:TandemStockAppreciationRightsMember 2024-01-01 2024-03-31 0001792580 us-gaap:Ot