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Ovintiv (OVV) guidance and outlook
Ovintiv (OVV) lowered its guidance on Nov 3, 2026: Capital expenditures $1.4B for FY2026. Ovintiv's 10-Q filed Nov 3, 2026 makes 23 forward-looking statements.
Guidance and outlook
Latest guidance
| Metric | Period | Range | Change |
|---|---|---|---|
| Capital expenditures | FY2026 | $1.4B | lowered |
From the earnings release filed Nov 3, 2026 (8-K on EDGAR).
Forward-looking statements, 10-Q filed Nov 3, 2026
- The Company aims to achieve its strategic priorities through execution excellence, disciplined capital allocation, and commercial acumen and risk management.
- The Company’s sustainability reporting, which outlines its key metrics, targets and relative progress achieved, can be found in the Company Outlook section of this MD&A and on the Company’s website.
- The Company expects to continue to execute the renewed NCIB program in conjunction with its shareholder return framework.
- The senior notes were redeemed on April 20, 2026, using proceeds from the divestiture of the Company’s Anadarko assets, and is expected to result in annualized interest savings of approximately $40 million.
- The Company will continue to exercise discretion and discipline, and intends to optimize capital allocation through the remainder of 2026 as the commodity price environment evolves.
- As at September 30, 2026, the Company has hedged approximately 46.0 Mbbls/d of expected oil and condensate production and 736 MMcf/d of expected natural gas production for the remainder of the year.
- During the third quarter of 2026, the Company invested $563 million, which was in line with its third quarter guidance range of $550 million to $600 million.
- The Company expects to meet its full year 2026 capital investment guidance range of $2,250 million to $2,350 million.
- In November 2026, the Company updated its other NGLs guidance range and expects to meet its full year 2026 total production guidance range of 630.0 MBOE/d to 645.0 MBOE/d, including oil and plant condensate production volumes of approximately 210.0 Mbbls/d to 212.0 Mbbls/d, other NGLs production volumes of approximately 85.0 Mbbls/d to 87.0 Mbbls/d and natural gas production volumes of approximately 2,025 MMcf/d…
- The Company is on track to incur upstream transportation and processing costs of approximately $8.75 per BOE to $9.25 per BOE, upstream operating expenses of approximately $3.00 per BOE to $3.50 per BOE, and total production, mineral and other taxes of approximately 3.25 to 3.75 percent of upstream product revenues for the remainder of the year.
- Additional information on Ovintiv’s fourth quarter and updated full year 2026 Corporate Guidance can be accessed on the Company’s website at www.ovintiv.com .
- The report highlights the Company’s 2025 sustainability results, and its progress in emissions intensity reductions with the goal to meet its Scope 1&2 GHG emissions target by 2030.
Ovintiv's latest quarter
Ovintiv, Q3 2026: revenue $2.6B (+26% year over year), operating margin 33.7%, net earnings $549M, operating cash flow $1.1B. The chart follows the revenue to costs, profit and cash.
Questions
Did Ovintiv raise or lower its guidance?
Ovintiv (OVV) lowered its guidance on Nov 3, 2026: Capital expenditures $1.4B for FY2026.
What does Ovintiv expect?
The Company aims to achieve its strategic priorities through execution excellence, disciplined capital allocation, and commercial acumen and risk management. The Company’s sustainability reporting, which outlines its key metrics, targets and relative progress achieved, can be found in the Company Outlook section of this MD&A and on the Company’s website. The Company expects to continue to execute the renewed NCIB program in conjunction with its shareholder return framework.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.