Ovintiv Inc 2025年季度报告

orTRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF Suite 1700,370 17th Street,Denver,Colorado,80202,U.S.A.(Address of principal executive offices) Registrant’s telephone number, including area code(303)623-2300 Securities registered pursuant to Section 12(b) of the Act:Title of each classTrading Symbol(s)Name of each exchange on which registeredCommon SharesOVVNew York Stock ExchangeIndicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of theSecurities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.Yes☒No☐Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to besubmitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).Yes☒No☐Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, Large accelerated filer☒Accelerated filer Emerging growth companyIf an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☒Number of registrant’s shares of common stock outstanding as of April 25, 2025259,815,014 OVINTIV INC.FORM 10-QTABLE OFCONTENTS Financial StatementsCondensed Consolidated Statement of EarningsCondensed Consolidated Statement of Comprehensive IncomeCondensed Consolidated Balance SheetCondensed Consolidated Statement of Changes in Shareholders’ EquityCondensed Consolidated Statement of Cash FlowsNotes to Condensed Consolidated Financial StatementsManagement’s Discussion and Analysis of Financial Condition and Results of OperationsQuantitative and Qualitative Disclosures about Market RiskControls and ProceduresLegal ProceedingsRisk FactorsUnregistered Sales of Equity Securities and Use of ProceedsDefaults Upon Senior SecuritiesMine Safety DisclosuresOther InformationExhibitsSignatures “Btu” means British thermal units, a measure of heating value. “DD&A” means depreciation, depletion and amortization expenses.“FASB” means Financial Accounting Standards Board.“GHG” means greenhouse gas. “Mcf” means thousand cubic feet.“MD&A” means Management’s Discussion and Analysis of Financial Condition and Results of Operations. “MMBOE” means million barrels of oil equivalent. “MMBtu” means million Btu.“MMcf/d” means million cubic feet per day.“NCIB” means normal course issuer bid.“NGL” or “NGLs” means natural gas liquids.“NYMEX” means New York Mercantile Exchange.“NYSE” means New York Stock Exchange.“OPEC” means Organization of the Petroleum Exporting Countries.“SEC” means United States Securities and Exchange Commission.“S&P 400” means Standard and Poor’s MidCap 400 index.“TSX” means Toronto Stock Exchange.“U.S.”, “United States” or “USA” means United States of America.“U.S. GAAP” means U.S. Generally Accepted Accounting Principles.“WTI” means West Texas Intermediate. The terms “include”, “includes”, “including” and “included” are to be construed as if they were immediately followed by the words“without limitation”, except where explicitly stated otherwise. The term “liquids” is used to represent oil, NGLs and condensate. The term “liquids-rich” is used to represent natural gas streamswith associated liquids volumes. The term “play” is used to describe an area in which hydrocarbon accumulations or prospects of agiven type occur. Ovintiv’s focus of development is on hydrocarbon accumulations known to exist over a large areal expanseand/or thick vertical section and are developed using hydraulic fracturing. This type of development typically has a lowergeological and/or commercial development risk and lower average decline rate, when compared to conventional development.References to information contained on the Company’s website atwww.ovintiv.comare not incorporated by reference into, and Company, including anticipated reserves development; the Company’s ability to consummate any future acquisition and divestituretransactions; the Company’s ability to successfully integrate any acquired assets into its business; drilling plans and programs,including the amount and availability of capital to complete these plans and programs; the composition of the Company’s assetsand the anticipated capital returns associated with its assets; anticipated oil, NGL and natural gas prices; the anticipated success of,and benefits from, technology and innovation, including the cube development model, Trimulfrac and Simulfrac techniques andother new or advanced drilling techniques or well completion designs; anticipated drilling and completions ac