Ovintiv (OVV) Cost of Revenue (2019 - 2026)
Ovintiv (OVV) posted quarterly Cost of Revenue of $183.0 million for Q2 2026, down 16.44% year-over-year from $219.0 million in Q2 2025, and down 19.38% quarter-over-quarter from $227.0 million in Q1 2026.
Ovintiv (OVV) Cost of Revenue (2019 - 2026) Analysis & Trends
Ovintiv's Cost of Revenue history runs 8 years deep, the most recent figure standing at $183.0 million for Q2 2026.
- In Q2 2026, Cost of Revenue fell 16.44% year-over-year to $183.0 million; the TTM figure through Jun 2026 stood at $848.0 million (down 3.09% YoY), while the FY2025 annual figure was $862.0 million, down 7.41% from the prior year.
- Cost of Revenue for Q2 2026 stood at $183.0 million, down from $227.0 million in the prior quarter.
- The five-year high for Cost of Revenue was $243.0 million in Q3 2023, with the low at $175.0 million in Q2 2023.
- The 5-year median for Cost of Revenue is $217.0 million (2024), against an average of $213.1 million.
- The sharpest annual moves came in 2022 and 2026: Cost of Revenue jumped 49.02% in 2022, then declined 16.44% in 2026.
- Ovintiv's Cost of Revenue stood at $206.0 million in 2022, then changed by 0.0% to $206.0 million in 2023, then rose by 4.85% to $216.0 million in 2024, then increased by 0.93% to $218.0 million in 2025, then decreased by 16.06% to $183.0 million in 2026.
- Business Quant data shows OVV's Cost of Revenue at $183.0 million in Q2 2026, $227.0 million in Q1 2026, and $218.0 million in Q4 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 164.44 Bn | 156.75 Bn | 12.81 Bn | 6.71 Bn |
| 2 | Canadian Natural Resources | 106.98 Bn | 105.09 Bn | 10.66 Bn | 1.79 Bn |
| 3 | Eog Resources | 80.47 Bn | 75.56 Bn | - | - |
| 4 | Diamondback Energy | 59.28 Bn | 58.82 Bn | 5.55 Bn | 9.00 Mn |
| 5 | Woodside Energy | 46.13 Bn | 40.18 Bn | 6.02 Bn | 566.00 Mn |
| 6 | Devon Energy | 46.12 Bn | 45.11 Bn | 6.02 Bn | 1.39 Bn |
| 7 | Occidental Petroleum | 39.25 Bn | 35.10 Bn | 7.73 Bn | 332.00 Mn |
| 8 | Eqt | 33.67 Bn | 33.56 Bn | 1.42 Bn | 385.02 Mn |
| 9 | Texas Pacific Land | 26.50 Bn | 26.25 Bn | - | - |
| 10 | Ovintiv | 18.76 Bn | 17.88 Bn | 2.83 Bn | 183.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 183.00 Mn |
| Jun 30, 2026 | 183.00 Mn |
| Mar 31, 2026 | 227.00 Mn |
| Mar 31, 2026 | 227.00 Mn |
| Dec 31, 2025 | 218.00 Mn |
| Dec 31, 2025 | 218.00 Mn |
| Sep 30, 2025 | 220.00 Mn |
| Sep 30, 2025 | 220.00 Mn |
| Jun 30, 2025 | 219.00 Mn |
| Jun 30, 2025 | 219.00 Mn |
| Mar 31, 2025 | 205.00 Mn |
| Mar 31, 2025 | 205.00 Mn |
| Dec 31, 2024 | 216.00 Mn |
| Dec 31, 2024 | 216.00 Mn |
| Sep 30, 2024 | 235.00 Mn |
| Sep 30, 2024 | 235.00 Mn |
| Jun 30, 2024 | 237.00 Mn |
| Jun 30, 2024 | 237.00 Mn |
| Mar 31, 2024 | 243.00 Mn |
| Mar 31, 2024 | 243.00 Mn |