Subsequent Events |
3 Months Ended | ||||
|---|---|---|---|---|---|
Mar. 31, 2026 | |||||
| Subsequent Events [Abstract] | |||||
| Subsequent Events |
Divestiture of Anadarko On April 9, 2026, the Company closed the previously announced divestiture of its Anadarko assets for proceeds of approximately $2.9 billion, after preliminary closing adjustments. The transaction had an effective date of January 1, 2026. Following the closing of the divestiture, Ovintiv repaid the balance under its Term Credit Agreement and the facility was terminated. Early Redemption of Senior Notes On April 20, 2026, Ovintiv redeemed its $700 million, 5.65 percent senior notes due May 15, 2028, using proceeds from the divestiture of its Anadarko assets. Ovintiv paid approximately $737 million in cash including accrued and unpaid interest of $17 million and a one-time make-whole payment of $20 million. |