Ovintiv (OVV) FY2024 results: revenue $9.2 billion, down 15.9% on the year
Ovintiv Inc. (OVV) reported revenue of $9.2 billion for fiscal 2024, the year ended 31 December 2024, down 15.9% on the year before. Net income was $1.1 billion, down 46.0%, and diluted earnings per share $4.21. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2025.
Revenue
$9.2 billion
-15.9% on the year
FY2017FY2024
Operating margin
17.3%
26.3% a year earlier
FY2017FY2024
Net income
$1.1 billion
-46.0% on the year
FY2017FY2024
Diluted EPS
$4.21
-46.7% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
3,721
4,167
3,866
-10.7%
Capital expenditure
2,303
2,744
1,831
-16.1%
Free cash flow
1,418
1,423
2,035
-0.4%
Free cash flow margin
15.5%
13.1%
16.3%
Cash from investing
-2,457
-5,519
-1,786
Cash from financing
-1,231
1,359
-2,268
Depreciation and amortisation
2,290
1,825
1,113
+25.5%
Share-based compensation
66.0
47.0
202
+40.4%
Buybacks
597
426
719
+40.1%
Dividends paid
316
307
239
+2.9%
Dividend per share
$1.20
$1.15
$0.95
+4.3%
Diluted shares, weighted
267m
264m
258m
+1.3%
Shares outstanding at period end
260m
272m
246m
-4.2%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
10,331
10,370
7,689
-0.4%
Debt
5,453
5,737
3,570
-5.0%
Operating lease liabilities
737
832
814
-11.4%
Finance lease liabilities
12.0
20.0
27.0
-40.0%
Other liabilities
2,721
3,028
2,956
-10.1%
Total liabilities and equity
19,254
19,987
15,056
-3.7%
Fixed assets
14,364
14,640
9,468
-1.9%
Goodwill
2,546
2,599
2,584
-2.0%
Investments
33.0
26.0
21.0
+26.9%
Cash and equivalents
42.0
3.0
5.0
+1,300.0%
Other assets
2,269
2,719
2,978
-16.6%
Total assets
19,254
19,987
15,056
-3.7%
10-K for the year ended 31 December 2024, filed 26 February 2025: the filing.