OVV - Ovintiv Inc. (OVV) Q1 2024 Earnings Call Transcript
2024-05-08 15:06:21 ET
Ovintiv, Inc. (OVV)
Q1 2024 Earnings Conference Call
May 08, 2024 11:00 AM ET
Company Participants
Jason Verhaest - Investor Relations
Brendan McCracken - President & Chief Executive Officer
Corey Code - Executive Vice President & Chief Financial Officer
Greg Givens - Executive Vice President & Chief Operating Officer
Conference Call Participants
Neil Mehta - Goldman Sachs
Arun Jayaram - JPMorgan
Neal Dingmann - Truist Securities
Gabriel Daoud - TD Cowen
Scott Gruber - Citigroup
Greg Pardy - RBC Capital Markets
Roger Read - Wells Fargo
Geoff Jay - Daniel Energy Partners
Presentation
Operator
Good day, ladies and gentlemen, and thank you for standing by. Welcome to Ovintiv's 2024 First Quarter Results Conference Call. As a reminder, today's call is being recorded. At this time, all participants are in a listen-only mode. Following the presentation, we will conduct a question-and-answer session. [Operator Instructions]. Members of the media attending in a listen-only mode today, you may quote statements made by any of Ovintiv representatives or members of the media who wish to quote others who are speaking on this call today, we advise you to contact those individuals directly to obtain their consent. Please be advised that this conference call may not be recorded or rebroadcast without the express consent of Ovintiv.
I would now like to turn the conference call over to Jason Verhaest from Investor Relations. Please go ahead, Mr. Verhaest.
Jason Verhaest
Thanks, Joanna, and welcome, everyone, to our first quarter conference call. This call is being webcast, and the slides are available on our website at ovintiv.com. Please take note of the advisory regarding forward-looking statements at the beginning of our slides and in our disclosure, documents filed on SEDAR+ and EDGAR. Following prepared remarks, we will be available to take your questions.
I'll now turn the call over to our President and CEO, Brendan McCracken.
Brendan McCracken
Good morning. Thank you for joining us. Our team has carried our momentum from last year into 2024 with every item at or ahead of our first quarter guidance midpoints. We delivered net earnings of $338 million, free cash flow of $444 million and cash flow per share of $3.80, beating consensus estimates. We've raised our full year production guidance, which will see us deliver oil and condensate volumes of about 206,000 barrels per day, while leaving our capital guide unchanged at $2.3 billion at the midpoint....
Ovintiv, Inc. (OVV) Q1 2024 Earnings Call Transcript