Ovintiv Q3 Earnings Hit $549M as It Buys Logan Energy for $890M
DENVER – November 03, 2026 -- Ovintiv Inc. reported third-quarter net earnings of $549 million ($1.99 per diluted share) and Non-GAAP Free Cash Flow of $680 million, while agreeing to acquire Logan Energy Corp. for C$1.40 per share in cash. The Logan deal carries a total transaction value of about $890 million (C$1.26 billion), including the assumption of Net Debt.
Ovintiv adds 240 net well locations for $457 million in acreage deals
Ground game acreage acquisitions completed in the quarter totaled $457 million. They added roughly 120 net well locations in the Montney and roughly 120 in the Permian. Average cost ranged from $1.3 million to $1.7 million per 10,000-foot-equivalent drilling location.