Ovintiv Renews Annual Share Buy-Back Program
PR Newswire•01/10/2026•06:55 ET
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Key Highlights
- ➤Ovintiv (OVV) authorized buyback of up to 26,973,037 shares through October 4, 2027
- ➤2026 shareholder returns commitment raised to at least 60% of annual Non-GAAP Free Cash Flow
- ➤New authorization represents 10% of Ovintiv’s public float as of September 21, 2026
- ➤Ovintiv (OVV) bought 13,925,579 shares under existing program at US$58.49 average
- ➤Third-quarter 2026 repurchases totaled 6,332,551 shares at US$60.90 average
Company Receives TSX Approval for Renewal of Normal Course Issuer Bid
DENVER, Oct. 1, 2026 /PRNewswire/ -- Ovintiv Inc. (NYSE: OVV) (TSX: OVV) today announced it has received regulatory approvals for the renewal of its share buy-back program. This action is consistent with Ovintiv's capital allocation framework, which commits to returning 50% to 100% of annual Non-GAAP Free Cash Flow to shareholders via the combination of base dividend payments and share buybacks. For 2026, Ovintiv has committed to returning at least 60% of annual Non-GAAP Free Cash Flow to shareholders.
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