Ovintiv renews annual share buy-back program on September 29, 2025

Ovintiv Inc. has recently announced the renewal of its annual share buy-back program, showcasing its commitment to returning value to its shareholders. This move aligns with Ovintiv’s capital allocation framework, which aims to provide at least 50 percent of post base dividend Non-GAAP Free Cash Flow to shareholders.

Approval for the renewal of the share buy-back program has been granted by the Toronto Stock Exchange (“TSX”), allowing Ovintiv to execute its normal course issuer bid (“NCIB”) to repurchase up to 22,287,709 common shares over a 12-month period starting from October 3, 2025, and ending on October 2, 2026. This figure represents 10 percent of Ovintiv’s public float as of September 26, 2025, determined in accordance with TSX rules.

The shares will be bought on the open market through the TSX, New York Stock Exchange (“NYSE”), and other designated exchanges or alternative trading systems. Additionally, the company has renewed its automatic share purchase plan (“ASPP”), which allows them to buy back shares even during regulatory restrictions and self-imposed blackout periods.

The exact number of shares to be repurchased and the timing of these purchases will be determined by Ovintiv. The daily purchases on the TSX will be limited to 46,314 common shares, with exceptions for block purchases. Shares bought under the NCIB may either be canceled or held in treasury as authorized but unissued shares.

Under the current NCIB, Ovintiv has already repurchased 7,836,011 common shares on various exchanges. By renewing its exemption order from Canadian regulators, Ovintiv can repurchase shares through U.S.-based trading systems in excess of the standard 5 percent limit on outstanding shares due to the NCIB Exemption.

The company’s future plans, including the share repurchase program and capital framework details, fall under forward-looking statements. These statements are subject to risks and uncertainties, with factors such as commodity prices, foreign exchange rates, and access to financial resources impacting their accuracy.

In conclusion, Ovintiv’s decision to renew its share buy-back program underscores its commitment to enhancing shareholder value and maintaining a robust capital allocation framework. Through strategic repurchases and careful planning, the company aims to drive long-term growth and returns for its investors.