Start Time: 10:00 January 1, 0000 11:01 AM ET

Ovintiv Inc. (NYSE:OVV)
Q2 2024 Earnings Conference Call
July 31, 2024, 10:00 PM ET

Company Participants

Brendan McCracken - President and CEO
Corey Code - EVP and CFO
Greg Givens - EVP and COO
Jason Verhaest - IR

Conference Call Participants

Neal Dingmann - Truist Securities
Arun Jayaram - JPMorgan
Josh Silverstein - UBS
Neil Mehta - Goldman Sachs
Douglas Leggate - Wolfe Research
Gabe Daoud - TD Cowen
Greg Pardy - RBC Capital Markets
Roger Read - Wells Fargo
Kalei Akamine - Bank of America
Nitin Kumar - Mizuho
Geoff Jay - Daniel Energy
Dennis Fong - CIBC

Operator

Good day, ladies and gentlemen, and thank you for standing by. Welcome to Ovintiv's 2024 Second 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]. Please be advised that this conference call may not be recorded or rebroadcast without the expressed 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 second 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 EDGAR and SEDAR+. Following prepared remarks, we'll be available to take your questions.

I will now turn the call over to our President and CEO, Brendan McCracken.

Brendan McCracken

Good morning. Thank you for joining us. We announced another strong quarter yesterday. We're pleased to continue our track record of industry-leading execution. Most importantly, we continue to be relentless at converting our execution into bottom line financial results and delivering superior and durable returns for our shareholders.

We've been seeing the benefits of our culture of innovation showing up in our results for quite some time now. We're on track to generate 60% more free cash flow per share this year largely because of the efficiency gains and value creation that our innovations have unlocked.

For us, innovation is more than simply applying the latest technology to our operations. It is a mindset within our organization. It influences the way we approach challenges and manage complex operational objectives. We've been very deliberate in our efforts to cultivate this over time, and it is delivering tangible results.