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Encana Corporation (T:ECA)

Business Focus: Oil & Gas Exploration and Production (NEC)

Sector:  Energy Industry:  Oil & Gas Exploration and Production
 
Company Contact
Address: 370 - 17Th Street, Suite 1700
DENVER CO 80202
Tel: N/A
Website: https://www.ovintiv.com
IR: See website
Key People
Brendan Michael McCracken
President, Chief Executive Officer, Director
Corey Douglas Code
Chief Financial Officer, Executive Vice President
Meghan N. Eilers
Executive Vice President, General Counsel, Company Secretary
Renee Ellen Zemljak
Executive Vice President - Midstream, Marketing and Fundamentals
Rachel M. Moore
Executive Vice President - Corporate Services
 
Business Overview
Ovintiv Inc. is an oil and natural gas exploration and production company. The Company is focused on the development of its multi-basin portfolio of top tier oil and natural gas assets located in the United States and Canada. Its operations also include the marketing of oil, natural gas liquids (NGLs) and natural gas. The Company operates through three segments: USA Operations, Canadian Operations and Market Optimization. USA Operations segment includes the exploration for, development of, and production of oil, NGLs, natural gas and other related activities within the United States. Canadian Operations segment includes the exploration for, development of, and production of oil, NGLs, natural gas and other related activities within Canada. Market Optimization segment is primarily responsible for the sale of the Company's production to third-party customers and enhancing the associated netback price. The segment's activities also include third-party purchases and sales of products.
Financial Overview
For the fiscal year ended 31 December 2023, Ovintiv Inc revenues decreased 13% to $10.88B. Net income decreased 43% to $2.09B. Revenues reflect Market Optimization segment decrease of 30% to $2.88B, Corporate & Other segment decrease of 67% to $265M, United States segment decrease of 13% to $8.32B, Canada segment decrease of 12% to $2.57B. Net income also reflects USA Operations segment income decrease of 19% to $2.44B.
Employees: 1,743 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $19,708M as of Dec 31, 2023
Annual revenue (TTM): $10,883M as of Dec 31, 2023
EBITDA (TTM): $4,781M as of Dec 31, 2023
Net annual income (TTM): $2,085M as of Dec 31, 2023
Free cash flow (TTM): $1,116M as of Dec 31, 2023
Net Debt Last Fiscal Year: $5,754M as of Dec 31, 2023
Shares outstanding: 271,687,038 as of Feb 28, 2024
Index Membership: S&P 400 Mid Cap
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization