Ovintiv Inc has licensed a brand new share buyback program totaling $3 billion because it revised its investor return framework following the $2.7-billion acquisition of NuVista Vitality Ltd.
The Denver, Colorado-based oil and fuel producer initially deliberate to pause its share redemption program for 2 quarters to unencumber money for the acquisition of Calgary, Canada-based NuVista, in accordance with a web based assertion by Ovintiv November 4, 2025 saying the completion of the transaction.
Saying the brand new buyback program in its report for the fourth quarter (This autumn) of 2025, Ovintiv mentioned it “expects to start share buybacks instantly”.
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“Ovintiv’s deliberate 2026 shareholder returns will enhance to a minimum of 75 p.c of full-year non-GAAP [generally accepted accounting principles] free money circulation. Long run, the corporate has revised its shareholder return framework, such that 50-100% of annual non-GAAP free money circulation is returned to shareholders by way of the mixture of base dividend funds and share buybacks”, the This autumn report mentioned. Quarterly dividend stays at $0.3 per share.
The merger is a part of Ovintiv’s “portfolio transformation” beneath which it has additionally entered into an settlement to promote considerably all its Anadarko property, positioned on Oklahoma’s aspect of the basin, to an undisclosed purchaser for $3 billion.
For This autumn 2025, Ovintiv logged $355 million in internet revenue adjusted for extraordinary or nonrecurring objects, up from $351 million for This autumn 2024 regardless of a decline in oil output and realized oil costs. Internet revenue earlier than adjustment and revenue tax was $372 million, in comparison with adverse $101 million for This autumn 2024.
Oil manufacturing averaged 140,900 barrels per day (bpd) within the October-December 2025 interval, down from 167,100 bpd in the identical three-month interval in 2024.
Nonetheless, whole manufacturing grew to 623,400 barrels of oil equal per day (boepd) in This autumn 2025 from 579,900 boepd in This autumn 2024. Pure fuel manufacturing elevated to 1.91 billion cubic toes per day (Bcfpd) in This autumn 2025 from 1.68 Bcfpd in This autumn 2024.
This yr Ovintiv expects to common 620,000-645,000 boepd in manufacturing together with contribution from NuVistra and assuming the Anadarko divestment closes April.
Ovintiv’s common realized oil worth fell to $61.89 a barrel in This autumn 2025 from $67.93 per barrel in This autumn 2024. That was partially offset by a rise within the common realized fuel worth to $2.65 per thousand cubic toes from $2.42 per thousand cubic toes.
Working actions delivered $954 million in money, down from $1.02 billion for This autumn 2024 primarily as a consequence of a distinction in internet change in non-cash working capital.
Non-GAAP money circulation, which Ovintiv defines as money from working actions excluding internet modifications in different property and liabilities and internet modifications in non-cash working capital, stood at $973 million, down from $1 billion for This autumn 2024.
Non-GAAP free money circulation – which in accordance with Ovintiv is non-GAAP money circulation in extra of capital expenditure, excluding internet acquisitions and divestitures – was $508 million, up from $452 million for This autumn 2024.
“Ovintiv had roughly $4.5 billion in whole liquidity as at December 31, 2025, which included accessible credit score amenities of $3.5 billion, an accessible Time period Credit score Settlement of $1.2 billion, accessible uncommitted demand strains of $125 million and money and money equivalents of $35 million, internet of excellent business paper of $351 million”, the corporate mentioned.
Debt totaled $5.2 billion on the finish of 2025. Ovintiv expects to cut back internet debt, or whole debt much less money and money equivalents, to round $3.6 billion via proceeds from the pending Anadarko disposition.
To contact the creator, e mail jov.onsat@rigzone.com
