Ovintiv (OVV) Current Taxes (2018 - 2026)
Ovintiv (OVV) posted quarterly Current Taxes of $2.0 million for Q2 2026, down 88.89% year-on-year from $18.0 million in Q2 2025, and down 95.12% on a QoQ basis from $41.0 million in Q1 2026.
Ovintiv (OVV) Current Taxes (2018 - 2026) Analysis & Trends
Ovintiv (OVV) has reported Current Taxes for 9 consecutive years, with $2.0 million the latest figure, recorded in Q2 2026.
- Quarterly Current Taxes fell 88.89% year-over-year to $2.0 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $2.0 million (down 88.89% YoY) and the FY2025 annual result came in at $5.0 million, down 44.44% from the prior year.
- Current Taxes fell to $2.0 million in Q2 2026 per OVV's latest filing, from $41.0 million in the prior quarter.
- Over the last five years, Current Taxes for OVV reached as high as $232.0 million in Q4 2023 and fell as low as $2.0 million in Q2 2024.
- A 5-year average of $38.3 million and a median of $11.0 million in 2022 frame the typical range for Current Taxes.
- Annual changes were most pronounced in 2023 — Current Taxes jumped 5700.0% — and 2024, when it plunged 97.94%.
- Year by year, Current Taxes stood at $4.0 million in 2022, then soared by 5700.0% to $232.0 million in 2023, then slumped by 96.12% to $9.0 million in 2024, then slumped by 44.44% to $5.0 million in 2025, then tumbled by 60.0% to $2.0 million in 2026.
- According to Business Quant data, Current Taxes over the past three periods registered $2.0 million, $41.0 million, and $5.0 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Current Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 141.43 Bn | 135.06 Bn | 9.48 Bn | 2.13 Bn |
| 2 | Eog Resources | 74.61 Bn | 70.76 Bn | - | 766.00 Mn |
| 3 | Diamondback Energy | 55.39 Bn | 55.39 Bn | 4.22 Bn | 517.00 Mn |
| 4 | Woodside Energy | 41.28 Bn | 35.34 Bn | 2.71 Bn | 539.00 Mn |
| 5 | Occidental Petroleum | 32.80 Bn | 28.99 Bn | 4.87 Bn | - |
| 6 | Eqt | 32.48 Bn | 32.37 Bn | 1.42 Bn | - |
| 7 | Texas Pacific Land | 27.36 Bn | 27.11 Bn | - | 37.27 Mn |
| 8 | Devon Energy | 26.53 Bn | 24.72 Bn | 3.61 Bn | - |
| 9 | Expand Energy | 21.67 Bn | 19.37 Bn | 4.21 Bn | - |
| 10 | Ovintiv | 16.84 Bn | 15.96 Bn | 2.83 Bn | 2.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 2.00 Mn |
| Mar 31, 2026 | 41.00 Mn |
| Dec 31, 2025 | 5.00 Mn |
| Sep 30, 2025 | 28.00 Mn |
| Jun 30, 2025 | 18.00 Mn |
| Mar 31, 2025 | 14.00 Mn |
| Dec 31, 2024 | 9.00 Mn |
| Sep 30, 2024 | 4.00 Mn |
| Jun 30, 2024 | 2.00 Mn |
| Mar 31, 2024 | 10.00 Mn |
| Dec 31, 2023 | 232.00 Mn |
| Sep 30, 2023 | 151.00 Mn |
| Jun 30, 2023 | 97.00 Mn |
| Mar 31, 2023 | 47.00 Mn |
| Dec 31, 2022 | 4.00 Mn |
| Sep 30, 2022 | 7.00 Mn |
| Jun 30, 2022 | 12.00 Mn |
| Mar 31, 2022 | 6.00 Mn |
| Dec 31, 2021 | 4.00 Mn |
| Sep 30, 2021 | 4.00 Mn |