OVV Q2 2023 Earnings — Ovintiv Inc. Revenue & Financial Results | Market Cap Arena

OVVOvintiv Inc.

$15B

Q2 2023 Earnings

Energy Oil & Gas Exploration & Production

Income Statement

Revenue

$2.5B-32.6% YoY

Gross Profit

$1.3B52.8% margin

Operating Income

$531M21.1% margin

Net Income

$336M13.3% margin

EPS (Diluted)

$1.34

QoQ Revenue Growth

-1.3%

Cash Flow

Operating Cash Flow

$831M

Free Cash Flow

$191M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$19.5B

Total Liabilities

$10.2B

Stockholders' Equity

$9.3B

Cash & Equivalents

$52M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$2.5B	$3.7B	-32.6%
Gross Profit	$1.3B	$2.2B	-40.2%
Operating Income	$531M	$1.5B	-65.0%
Net Income	$336M	$1.4B	-75.2%

Revenue Segments

Natural Gas Liquids

$400M53%

Natural Gas

$358M47%

Natural Gas Gathering And Processing

$3M0%