Ovintiv (OVV) Debt to Equity (2018 - 2026)

Ovintiv (OVV) recorded quarterly Debt to Equity of $0.55 in Q1 2026, up 41.03% quarter-over-quarter from $0.39 in Q4 2025, and up 0.76% on a YoY basis from $0.55 in Q1 2025.

Ovintiv (OVV) Debt to Equity (2018 - 2026) Analysis & Trends

Ovintiv's Debt to Equity history runs 9 years deep, the most recent figure standing at $0.55 for Q1 2026.

  • In Q1 2026, Debt to Equity rose 0.76% year-over-year to $0.55; the TTM figure through Mar 2026 stood at $0.55 (up 0.76% YoY), while the FY2025 annual figure was $0.39, down 18.25% from the prior year.
  • Debt to Equity was $0.55 for Q1 2026 at Ovintiv, up from $0.39 in the prior quarter.
  • In the past five years, Debt to Equity ranged from a high of $1.38 in Q1 2022 to a low of $0.39 in Q4 2025.
  • Historically, Debt to Equity has averaged $0.59 across 5 years, with a median of $0.55 in 2024.
  • The sharpest annual moves came in 2023 and 2024: Debt to Equity slumped 70.48% in 2023, then soared 30.95% in 2024.
  • A 5-year view of Debt to Equity shows it stood at $0.46 in 2022, then increased by 19.15% to $0.55 in 2023, then declined by 13.22% to $0.48 in 2024, then decreased by 18.25% to $0.39 in 2025, then jumped by 41.03% to $0.55 in 2026.
  • The last three Debt to Equity figures came in at $0.55 (Q1 2026), $0.39 (Q4 2025), and $0.51 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt/Equity (Qtr)
1 Woodside Energy 630.08 Bn 624.14 Bn - 0.31
2 Canadian Natural Resources 388.31 Bn 388.31 Bn 6.72 Bn -
3 Conocophillips 142.98 Bn 136.61 Bn 9.48 Bn 0.36
4 Eog Resources 72.93 Bn 69.08 Bn - 0.26
5 Occidental Petroleum 55.91 Bn 52.73 Bn 4.87 Bn 0.40
6 Diamondback Energy 54.95 Bn 61.11 Bn 4.22 Bn 0.38
7 Vista Energy, S.A.B. de C.V 35.18 Bn 34.56 Bn 472.36 Mn -
8 Eqt 32.94 Bn 36.28 Bn 2.98 Bn 0.03
9 Vermilion Energy 31.24 Bn 31.05 Bn 370.10 Mn -
10 Ovintiv 15.16 Bn 15.16 Bn 2.35 Bn 0.55

Historic Data

Download Data
DateValue
Mar 31, 2026 0.55
Dec 31, 2025 0.39
Sep 30, 2025 0.51
Jun 30, 2025 0.51
Mar 31, 2025 0.55
Dec 31, 2024 0.48
Sep 30, 2024 0.55
Jun 30, 2024 0.59
Mar 31, 2024 0.53
Dec 31, 2023 0.55
Sep 30, 2023 0.65
Jun 30, 2023 0.59
Mar 31, 2023 0.41
Dec 31, 2022 0.46
Sep 30, 2022 0.57
Jun 30, 2022 0.67
Mar 31, 2022 1.38
Dec 31, 2021 1.08
Sep 30, 2021 1.26
Jun 30, 2021 1.35