Ovintiv Inc.OVVEarnings & Financial Report
NYSE · Energy · Crude Petroleum & Natural Gas
Ovintiv Inc. is a U.S. petroleum company based in Denver. The company was formed in 2020 through a restructuring of its Canadian predecessor, Encana.
OVV Q1 FY2026 Key Financial Metrics
Revenue
$2.5B
Gross Profit
N/A
Operating Profit
$-754.0M
Net Profit
$1.2B
Gross Margin
N/A
Operating Margin
-29.8%
Net Margin
49.1%
YoY Growth
6.5%
EPS
$4.78
Ovintiv Inc. Q1 FY2026 Financial Summary
Ovintiv Inc. reported revenue of $2.5B (up 6.5% YoY) for Q1 FY2026, with a net profit of $1.2B (49.1% margin).
Key Financial Metrics
| Total Revenue | $2.5B |
|---|---|
| Net Profit | $1.2B |
| Gross Margin | N/A |
| Operating Margin | -29.8% |
| Report Period | Q1 FY2026 |
Revenue Breakdown
Ovintiv Inc. Q1 FY2026 revenue of $2.5B breaks down across 3 segments, led by Product and service revenues at $2.2B (87.7% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Product and service revenues | $2.2B | 87.7% |
| Sales of purchased product | $356.0M | 14.1% |
| Sublease revenues | $18.0M | 0.7% |
Ovintiv Inc. Annual Revenue by Year
Ovintiv Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $8.7B).
Ovintiv Inc. Quarterly Revenue & Net Profit History
Ovintiv Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $2.5B | +6.5% | $1.2B | 49.1% |
| Q4 FY2025 | $2.1B | -6.0% | $946.0M | 46.1% |
| Q3 FY2025 | $2.0B | -7.3% | $148.0M | 7.3% |
| Q2 FY2025 | $2.2B | +1.0% | $307.0M | 13.9% |
| Q1 FY2025 | $2.4B | -0.5% | $-159.0M | -6.7% |
| Q4 FY2024 | $2.2B | -22.1% | $-60.0M | -2.7% |
| Q3 FY2024 | $2.2B | -25.2% | $507.0M | 23.3% |
| Q2 FY2024 | $2.2B | -6.8% | $340.0M | 15.5% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.19B | $2.18B | $2.19B | $2.38B | $2.21B | $2.02B | $2.05B | $2.53B |
| YoY Growth | -6.8% | -25.2% | -22.1% | -0.5% | 1.0% | -7.3% | -6.0% | 6.5% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $19.81B | $19.86B | $19.25B | $19.61B | $19.73B | $19.39B | $20.39B | $10.7M |
| Liabilities | $9.48B | $9.20B | $8.92B | $9.53B | $9.36B | $9.15B | $9.20B | N/A |
| Equity | $10.33B | $10.65B | $10.33B | $10.08B | $10.38B | $10.23B | $11.20B | N/A |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|
| Operating CF | $1.02B | $1.02B | $1.02B | $873.0M | $1.01B | $812.0M | $954.0M |