OVV Q1 2024 Earnings — Ovintiv Inc. Revenue & Financial Results | Market Cap Arena

OVVOvintiv Inc.

$15B

Q1 2024 Earnings

Energy Oil & Gas Exploration & Production

Income Statement

Revenue

$2.4B-7.8% YoY

Gross Profit

$1.3B53.7% margin

Operating Income

$494M21.0% margin

Net Income

$338M14.4% margin

EPS (Diluted)

$1.24

QoQ Revenue Growth

-25.7%

Cash Flow

Operating Cash Flow

$659M

Free Cash Flow

$68M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$19.8B

Total Liabilities

$9.6B

Stockholders' Equity

$10.3B

Cash & Equivalents

$5M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$2.4B	$2.6B	-7.8%
Gross Profit	$1.3B	$1.4B	-9.9%
Operating Income	$494M	$678M	-27.1%
Net Income	$338M	$487M	-30.6%

Revenue Segments

Natural Gas Liquids

$430M53%

Natural Gas

$381M47%

Natural Gas Gathering And Processing

$2M0%