Ovintiv Inc. (DE)

Good day, ladies and gentlemen, and thank you for standing by. Welcome to Eventiv's 2024 Third 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. Members of the investment community will have the opportunity to ask questions and can join the queue at any time by pressing star 1. For members of the media attending in a listen-only mode today, you may quote statements made by any of the OVINTIV representatives. However, members of the media who wish to quote others who are speaking on this call today, we advise you to contact those individuals directly to obtain their consent. Please be advised that this conference call may not be recorded or be broadcast without the express consent of OVINTIV. I would now like to turn the conference call over to Jason Verheist from Investor Relations. Please go ahead, Mr. Verheist.

Thanks, Joanna, and welcome everyone to our third quarter conference call. This call is being webcast and the slides are available on our website at oventive.com. Please take note of the advisory regarding forward-looking statements at the beginning of our slides and our disclosure documents filed on EDGAR and CDAR+. Following the prepared remarks, we will be available to take your questions. I'll now turn the call over to our President and CEO, Brendan McCracken.

Thanks, Jason. Good morning, everybody. Thank you for joining us. We announced another strong quarter yesterday, and we remain very pleased with our operational and financial execution across the business. We delivered net earnings of $507 million, or $1.92 per share, and cash flow of $978 million, or $370 per share, beating consensus estimates. The cash flow beat was driven by both production and cost outperformance, as we exceeded the top end of our production guidance ranges on all products, and came in below the bottom end of guidance range on combined TMP and LOE. We generated free cash flow of $440 million, which was higher than the second quarter despite lower oil prices. We're excited about what we're doing to make sure that our operational excellence transfers all the way through to financial performance. With the extra production and lower costs we've delivered this year, we're on track to generate an incremental $200 million more free cash flow. We returned 60% of our second quarter free cash flow to our shareholders via our base dividend and our third quarter share buyback. Importantly, we continued to make progress on debt reduction during the quarter, repaying $210 million for total debt at the end of Q3 at $5.88 billion. I'll now turn the call over to Corey to discuss our third quarter results in more detail. Thanks, Brendan.