Ovintiv Inc.OVVEarnings & Financial Report
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.
Revenue
$2.2B
Gross Profit
N/A
Operating Profit
$556.0M
Net Profit
$340.0M
Gross Margin
N/A
Operating Margin
25.4%
Net Margin
15.5%
YoY Growth
-6.8%
EPS
$1.27
Ovintiv Inc. Q2 FY2024 Financial Summary
Ovintiv Inc. reported revenue of $2.2B (down 6.8% YoY) for Q2 FY2024, with a net profit of $340.0M (up 1.2% YoY) (15.5% margin).
Key Financial Metrics
| Total Revenue | $2.2B |
|---|---|
| Net Profit | $340.0M |
| Gross Margin | N/A |
| Operating Margin | 25.4% |
| Report Period | Q2 FY2024 |
Revenue Breakdown
Ovintiv Inc. Q2 FY2024 revenue of $2.2B breaks down across 4 segments, led by Usa Operations Excluding Intercompany Segment Transactions at $1.4B (64.9% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Usa Operations Excluding Intercompany Segment Transactions | $1.4B | 64.9% |
| Canadian Operations Excluding Intercompany Segment Transactions | $425.0M | 19.4% |
| Market Optimization | $350.0M | 16.0% |
| Natural Gas Gathering And Processing | $1.0M | 0.0% |
Ovintiv Inc. Revenue by Segment — Quarterly Trend
Ovintiv Inc. revenue by segment across the last 4 reported quarters, showing how each business line (such as Usa Operations Excluding Intercompany Segment Transactions and Canadian Operations Excluding Intercompany Segment Transactions) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Natural Gas Gathering And Processing | — | $8.0M | $6.0M | $2.0M |
Ovintiv Inc. Annual Revenue by Year
Ovintiv Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $8.7B).
| Year | Annual Revenue |
|---|---|
| 2025 | $8.7B |
| 2024 | $8.9B |
| 2023 | $10.7B |
| 2022 | $14.3B |
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 |
|---|---|---|---|---|
| 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% |
| Q1 FY2024 | $2.4B | -7.9% | $338.0M | 14.2% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.39B | $2.19B | $2.18B | $2.19B | $2.38B | $2.21B | $2.02B | $2.05B |
| YoY Growth | -7.9% | -6.8% | -25.2% | -22.1% | -0.5% | 1.0% | -7.3% | -6.0% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $19.83B | $19.81B | $19.86B | $19.25B | $19.61B | $19.73B | $19.39B | $20.39B |
| Liabilities | $9.57B | $9.48B | $9.20B | $8.92B | $9.53B | $9.36B | $9.15B | $9.20B |
| Equity | $10.26B | $10.33B | $10.65B | $10.33B | $10.08B | $10.38B | $10.23B | $11.20B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $659.0M | $1.02B | $1.02B | $1.02B | $873.0M | $1.01B | $812.0M | $954.0M |