OVV Q1 2023 Earnings — Ovintiv Inc. Revenue & Financial Results | Market Cap Arena

OVVOvintiv Inc.

$15B

Q1 2023 Earnings

Energy Oil & Gas Exploration & Production

Income Statement

Revenue

$2.6B+29.7% YoY

Gross Profit

$1.4B55.0% margin

Operating Income

$678M26.6% margin

Net Income

$487M19.1% margin

EPS (Diluted)

$1.97

QoQ Revenue Growth

-20.6%

Cash Flow

Operating Cash Flow

$1.1B

Free Cash Flow

$458M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$15.1B

Total Liabilities

$7.2B

Stockholders' Equity

$7.9B

Cash & Equivalents

$26M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$2.6B	$2.0B	+29.7%
Gross Profit	$1.4B	$543M	+158.2%
Operating Income	$678M	-$200M	+439.0%
Net Income	$487M	-$241M	+302.1%

Revenue Segments

Natural Gas Reserves

$690M61%

Natural Gas Liquids Reserves

$441M39%

Natural Gas Gathering And Processing

$1M0%