Ovintiv Reports Q2 EPS Of $1.34, Net Earnings Of $336M
Portfolio Pulse from Benzinga Newsdesk
Ovintiv (NYSE:OVV) reported Q2 earnings per share (EPS) of $1.34, with net earnings of $336 million. The earnings included net gains on risk management of $147 million, before tax.
July 27, 2023 | 9:01 pm
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POSITIVE IMPACT
Ovintiv reported strong Q2 earnings, which included significant gains on risk management. This could potentially boost investor confidence.
Strong earnings reports generally have a positive impact on a company's stock price as they indicate good financial health. The significant gains on risk management also suggest effective financial strategies, which could further boost investor confidence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100