Ovintiv (OVV) Asset Utilization Ratio (2020 - 2026)

Ovintiv (OVV) posted quarterly Asset Utilization Ratio of 0.36 for Q2 2026, down 24.08% year-on-year from 0.47 in Q2 2025, and up 13.34% on a QoQ basis from 0.31 in Q1 2026.

Ovintiv (OVV) Asset Utilization Ratio (2020 - 2026) Analysis & Trends

Ovintiv (OVV) has reported Asset Utilization Ratio for 7 consecutive years, with 0.36 the latest figure, recorded in Q2 2026.

  • Quarterly Asset Utilization Ratio fell 24.08% year-over-year to 0.36 in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 0.36 (down 24.08% YoY) and the FY2025 annual result came in at 0.45, changed N/A from the prior year.
  • Asset Utilization Ratio advanced to 0.36 in Q2 2026 per OVV's latest filing, from 0.31 in the prior quarter.
  • Over the last five years, Asset Utilization Ratio for OVV reached as high as 0.97 in Q4 2022 and fell as low as 0.31 in Q1 2026.
  • A 5-year average of 0.6 and a median of 0.47 in 2024 frame the typical range for Asset Utilization Ratio.
  • Annual changes were most pronounced in 2022 — Asset Utilization Ratio jumped 90.19% — and 2023, when it slumped 40.82%.
  • Year by year, Asset Utilization Ratio stood at 0.97 in 2022, then slumped by 41.26% to 0.57 in 2023, then declined by 17.49% to 0.47 in 2024, then dropped by 4.66% to 0.45 in 2025, then fell by 20.68% to 0.36 in 2026.
  • According to Business Quant data, Asset Utilization Ratio over the past three periods registered 0.36, 0.31, and 0.45 for Q2 2026, Q1 2026, and Q4 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Asset Util. (Qtr)
1 Conocophillips 141.43 Bn 135.06 Bn 9.48 Bn 0.47
2 Eog Resources 74.61 Bn 70.76 Bn - 0.45
3 Diamondback Energy 55.39 Bn 55.39 Bn 4.22 Bn 0.22
4 Woodside Energy 41.28 Bn 35.34 Bn 2.71 Bn -
5 Occidental Petroleum 32.80 Bn 28.99 Bn 4.87 Bn 0.24
6 Eqt 32.48 Bn 32.37 Bn 1.42 Bn 0.23
7 Texas Pacific Land 27.36 Bn 27.11 Bn - 0.50
8 Devon Energy 26.53 Bn 24.72 Bn 3.61 Bn 0.53
9 Expand Energy 21.67 Bn 19.37 Bn 4.21 Bn 0.50
10 Ovintiv 16.84 Bn 15.96 Bn 2.83 Bn 0.36

Historic Data

Download Data
DateValue
Jun 30, 2026 0.36
Mar 31, 2026 0.31
Dec 31, 2025 0.45
Sep 30, 2025 0.46
Jun 30, 2025 0.47
Mar 31, 2025 0.47
Dec 31, 2024 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