Ovintiv -- 1Q22 -- Press Release

Link here.

Highlights:

• increases quarterly dividend by 25%; now at $1.00 per share
• announces debt redemption;
• announces plan to double shareholder returns resulting in 2022 returns of about $1 billion

Financial highlights:

• 1Q cash from operating activities: $685 million
• non-GAAP-cash flow of 1.043 billion
• non-GAAP-free cash flow of $592 million

First quarter 2022 financial and operating results:

• dollars
• a net loss of $241 million
• included net losses on risk management of 1.458 million (is this a euphemism for a loss on hedges?)
• production
• 500 MBoe/d
• total costs:
• $15.48 per boe
• higher than the company's $14.75 to $15.25 per BOE cost guidance due to  higher commodity prices during the quarter directly impacting commodity-linked cost items
• Excluding the impact of risk management losses, first quarter 2022 average realized prices were $93.35 per barrel for oil and condensate (99% of WTI), $34.94 per barrel for other NGLs (C2-C4) and $4.64 per Mcf for natural gas (94% of NYMEX) resulting in a total average realized price of $51.62 per BOE.
• First quarter 2022 average realized prices, including risk management losses, were $82.08 per barrel for oil and condensate, $34.94 per barrel for other NGLs (C2-C4), and $2.60 per Mcf for natural gas, resulting in a total average realized price of $41.65 per BOE. 
• Ovintiv's first quarter realized commodity-based risk management losses were $448 million, before-tax