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| Date | Value |
|---|---|
| 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 |