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-on-year from $219.0 million in Q2 2025, and down 19.38% on a QoQ basis from $227.0 million in Q1 2026.
Ovintiv (OVV) Cost of Revenue (2019 - 2026) Analysis & Trends
Ovintiv (OVV) has reported Cost of Revenue for 8 consecutive years, with $183.0 million the latest figure, recorded in Q2 2026.
- Quarterly Cost of Revenue fell 16.44% year-over-year to $183.0 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $848.0 million (down 3.09% YoY) and the FY2025 annual result came in at $862.0 million, down 7.41% from the prior year.
- Cost of Revenue slipped to $183.0 million in Q2 2026 per OVV's latest filing, from $227.0 million in the prior quarter.
- Over the last five years, Cost of Revenue for OVV reached as high as $243.0 million in Q3 2023 and fell as low as $175.0 million in Q2 2023.
- A 5-year average of $213.1 million and a median of $217.0 million in 2024 frame the typical range for Cost of Revenue.
- Annual changes were most pronounced in 2022 — Cost of Revenue soared 49.02% — and 2026, when it retreated 16.44%.
- Year by year, Cost of Revenue stood at $206.0 million in 2022, then changed by 0.0% to $206.0 million in 2023, then climbed by 4.85% to $216.0 million in 2024, then advanced by 0.93% to $218.0 million in 2025, then declined by 16.06% to $183.0 million in 2026.
- According to Business Quant data, Cost of Revenue over the past three periods registered $183.0 million, $227.0 million, and $218.0 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 141.43 Bn | 135.06 Bn | 9.48 Bn | 6.28 Bn |
| 2 | Eog Resources | 74.61 Bn | 70.76 Bn | - | - |
| 3 | Diamondback Energy | 55.39 Bn | 55.39 Bn | 4.22 Bn | 24.00 Mn |
| 4 | Woodside Energy | 41.28 Bn | 35.34 Bn | 2.71 Bn | 326.00 Mn |
| 5 | Occidental Petroleum | 32.80 Bn | 28.99 Bn | 4.87 Bn | 356.00 Mn |
| 6 | Eqt | 32.48 Bn | 32.37 Bn | 1.42 Bn | 385.02 Mn |
| 7 | Texas Pacific Land | 27.36 Bn | 27.11 Bn | - | - |
| 8 | Devon Energy | 26.53 Bn | 24.72 Bn | 3.61 Bn | 894.00 Mn |
| 9 | Expand Energy | 21.67 Bn | 19.37 Bn | 4.21 Bn | 185.00 Mn |
| 10 | Ovintiv | 16.84 Bn | 15.96 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 |