DENVER (AP) _ Ovintiv Inc. (OVV) on Wednesday reported first-quarter net income of $309 million.
The Denver-based company said it had profit of $1.16 per share. Earnings, adjusted for non-recurring gains, came to $1.10 per share.
The results met Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was also for earnings of $1.10 per share.
The energy company posted revenue of $1.84 billion in the period.
Ovintiv shares have increased 70% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $24.35, increasing fivefold in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on OVV at https://www.zacks.com/ap/OVV
