Ovintiv (OVV) Asset Utilization Ratio (2020 - 2026)
Ovintiv (OVV) posted Asset Utilization Ratio of 0.47 for Q2 2026, up 10.5% on a QoQ basis from 0.43 in Q1 2026, and up 0.77% year-over-year from 0.47 in Q2 2025.
Analysis
Ovintiv (OVV) Asset Utilization Ratio (2020 - 2026) Analysis & Trends
Ovintiv has reported Asset Utilization Ratio for 7 years, with the latest figure at 0.47 in Q2 2026.
- On a quarterly basis, Asset Utilization Ratio rose 0.77% year-over-year to 0.47 in Q2 2026; TTM through Jun 2026 was 0.47, a 0.77% increase from a year earlier, with the FY2022 full-year figure at 0.98, up 33.51% from the prior year.
- Asset Utilization Ratio was 0.47 for Q2 2026 at Ovintiv, up from 0.43 in the prior quarter.
- The five-year high for Asset Utilization Ratio was 0.97 in Q4 2022, with the low at 0.41 in Q3 2024.
- Average Asset Utilization Ratio over 5 years is 0.63, with a median of 0.52 recorded in 2026.
- The sharpest annual moves came in 2022 and 2023: Asset Utilization Ratio jumped 90.19% in 2022, then slumped 40.82% in 2023.
- Over 5 years, Asset Utilization Ratio stood at 0.97 in 2022, then sank by 41.26% to 0.57 in 2023, then retreated by 28.28% to 0.41 in 2024, then climbed by 9.68% to 0.45 in 2025, then climbed by 5.29% to 0.47 in 2026.
- The last three Asset Utilization Ratio figures came in at 0.47 (Q2 2026), 0.43 (Q1 2026), and 0.45 (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 166.37 Bn | 158.68 Bn | 12.81 Bn | 0.53 |
| 2 | Canadian Natural Resources | 106.24 Bn | 104.35 Bn | 8.84 Bn | - |
| 3 | Eog Resources | 77.64 Bn | 72.73 Bn | - | 0.50 |
| 4 | Diamondback Energy | 57.73 Bn | 57.26 Bn | 5.55 Bn | 0.24 |
| 5 | Devon Energy | 46.75 Bn | 45.74 Bn | 6.02 Bn | 0.39 |
| 6 | Expand Energy | 23.07 Bn | 21.81 Bn | 2.33 Bn | 0.47 |
| 7 | Permian Resources | 19.87 Bn | 19.61 Bn | - | 0.31 |
| 8 | Ovintiv | 17.94 Bn | 17.05 Bn | 2.83 Bn | 0.47 |
| 9 | Apa | 15.73 Bn | 15.28 Bn | 2.28 Bn | 0.48 |
| 10 | Antero Resources | 12.12 Bn | 11.55 Bn | 1.56 Bn | 0.40 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.47 |
| Mar 31, 2026 | 0.43 |
| Dec 31, 2025 | 0.45 |
| Sep 30, 2025 | 0.46 |
| Jun 30, 2025 | 0.47 |
| Sep 30, 2024 | 0.41 |
| Jun 30, 2024 | 0.44 |
| Sep 30, 2023 | 0.57 |
| Jun 30, 2023 | 0.69 |
| Mar 31, 2023 | 0.89 |
| Dec 31, 2022 | 0.97 |
| Sep 30, 2022 | 0.96 |
| Jun 30, 2022 | 0.88 |
| Mar 31, 2022 | 0.80 |
| Dec 31, 2021 | 0.76 |
| Sep 30, 2021 | 0.65 |
| Jun 30, 2021 | 0.54 |
| Mar 31, 2021 | 0.42 |
| Dec 31, 2020 | 0.44 |
| Sep 30, 2020 | 0.41 |