Ovintiv (OVV) Cost of Revenue (2019 - 2026)
Ovintiv (OVV) recorded quarterly Cost of Revenue of $227.0 million in Q1 2026, up 4.13% quarter-over-quarter from $218.0 million in Q4 2025, and up 10.73% on a YoY basis from $205.0 million in Q1 2025.
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 $227.0 million for Q1 2026.
- In Q1 2026, Cost of Revenue rose 10.73% year-over-year to $227.0 million; the TTM figure through Mar 2026 stood at $884.0 million (down 1.01% YoY), while the FY2025 annual figure was $862.0 million, down 7.41% from the prior year.
- Cost of Revenue was $227.0 million for Q1 2026 at Ovintiv, up from $218.0 million in the prior quarter.
- In the past five years, Cost of Revenue ranged from a high of $243.0 million in Q3 2023 to a low of $15.0 million in Q2 2023.
- Historically, Cost of Revenue has averaged $205.4 million across 5 years, with a median of $218.0 million in 2025.
- The sharpest annual moves came in 2023 and 2024: Cost of Revenue plunged 91.67% in 2023, then surged 1480.0% in 2024.
- A 5-year view of Cost of Revenue shows it stood at $206.0 million in 2022, then changed by 0.0% to $206.0 million in 2023, then gained by 4.85% to $216.0 million in 2024, then rose by 0.93% to $218.0 million in 2025, then gained by 4.13% to $227.0 million in 2026.
- The last three Cost of Revenue figures came in at $227.0 million (Q1 2026), $218.0 million (Q4 2025), and $220.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Woodside Energy | 639.66 Bn | 633.72 Bn | - | 326.00 Mn |
| 2 | Canadian Natural Resources | 395.91 Bn | 395.91 Bn | 6.72 Bn | 1.16 Bn |
| 3 | Conocophillips | 147.10 Bn | 140.74 Bn | 9.48 Bn | 6.28 Bn |
| 4 | Eog Resources | 74.80 Bn | 70.95 Bn | - | - |
| 5 | Occidental Petroleum | 56.58 Bn | 53.39 Bn | 4.87 Bn | 356.00 Mn |
| 6 | Diamondback Energy | 55.66 Bn | 61.83 Bn | 4.22 Bn | 24.00 Mn |
| 7 | Vista Energy, S.A.B. de C.V | 35.54 Bn | 34.93 Bn | 472.36 Mn | 66.16 Mn |
| 8 | Eqt | 33.02 Bn | 36.36 Bn | 2.98 Bn | 400.34 Mn |
| 9 | Vermilion Energy | 32.08 Bn | 31.89 Bn | 370.10 Mn | 4.23 Mn |
| 10 | Ovintiv | 15.58 Bn | 15.57 Bn | 2.35 Bn | 227.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Dec 31, 2023 | 206.00 Mn |
| Dec 31, 2023 | 206.00 Mn |