Energy company reports $148 million in net earnings for Q3 2025

FORT ST. JOHN, B.C. — Strong performance in the Montney region has led to a profitable third quarter for Ovintiv.

The United States-based energy company — which is the current namesake of Dawson Creek’s Ovintiv Events Centre — has released its third-quarter financial results for 2025. 

The company reportedly brought in net earnings of $148 million during the three-month period ending September 30th, equivalent to 57 cents per share.

Despite remaining profitable, that’s a sharp decline from the second quarter of 2025, which saw Ovintiv bring in net earnings of $307 million, or $1.18 per share. 

However, that decline is in line with company expectations, with production totals equal to or surpassing estimates made in Ovintiv’s second quarter report in every single metric.

The company produced 630 thousand barrels of oil equivalent per day (MBOE/d), 212 thousand barrels per day (Mbbl/d) of oil and condensate, 98 Mbbl/d of natural gas liquids and 1,925 million cubic feet per day of natural gas.

The Montney region made up a huge amount of that total, producing 318 MBOE/d in the third quarter.

Company president and chief executive officer Brendan McCracken said the results of the report show Ovintiv’s track record of “operational excellence” and maximizing its free cash flow.

“Our high-graded, multi-product portfolio enhances the resiliency of our returns,” McCracken said, “and our leading capital efficiency is enabling us to deliver 10,000 barrels of oil equivalent per day more in expected full year volumes for about $50 million less capital than our original 2025 plan.”

The company also announced on Wednesday, November 5th that it has acquired Canadian oil and gas company NuVista Energy for $3.8 billion, as well as all its assets in the Montney region.

To see more information on the acquisition and the company’s third-quarter earnings, view the presentation to investors below.