Ovintiv's (OVV) Q2 Earnings Beat Estimate, Revenues Lag
OVVOvintiv(OVV) ZACKS·2024-08-01 19:06

Ovintiv Inc. (OVV) reported second-quarter 2024 adjusted earnings per share (EPS) of 1.24,whichbeattheZacksConsensusEstimateof1.24, which beat the Zacks Consensus Estimate of 1.22 and increased from the year-ago level of 93 cents. The outperformance can be attributed to higher oil price realization and successful year-over-year cost-control initiatives.The Denver, CO-based oil and gas exploration and production company’s total revenues of $2.2 billion decreased 13.3% from the year-ago quarter’s figure and missed the Zacks Consensus Estimate by 9 ...