Ovintiv (OVV) Deferred Taxes (2019 - 2026)

Ovintiv (OVV) recorded quarterly Deferred Taxes of -$210.0 million in Q1 2026, up 60.6% quarter-over-quarter from -$533.0 million in Q4 2025, and down 172.73% on a YoY basis from $288.8 million in Q1 2025.

Ovintiv (OVV) Deferred Taxes (2019 - 2026) Analysis & Trends

Ovintiv's Deferred Taxes history runs 8 years deep, the most recent figure standing at -$210.0 million for Q1 2026.

  • In Q1 2026, Deferred Taxes fell 172.73% year-over-year to -$210.0 million; the TTM figure through Mar 2026 stood at -$647.0 million (down 7288.89% YoY), while the FY2025 annual figure was -$514.0 million, down 456.94% from the prior year.
  • Deferred Taxes was -$210.0 million for Q1 2026 at Ovintiv, up from -$533.0 million in the prior quarter.
  • In the past five years, Deferred Taxes ranged from a high of $111.0 million in Q4 2023 to a low of -$533.0 million in Q4 2025.
  • Historically, Deferred Taxes has averaged -$30.8 million across 5 years, with a median of $30.0 million in 2025.
  • Biggest YoY gain for Deferred Taxes was 8700.0% in 2022; the steepest drop was 11150.0% in 2022.
  • A 5-year view of Deferred Taxes shows it stood at -$225.0 million in 2022, then surged by 149.33% to $111.0 million in 2023, then tumbled by 134.23% to -$38.0 million in 2024, then tumbled by 1302.63% to -$533.0 million in 2025, then soared by 60.6% to -$210.0 million in 2026.
  • The last three Deferred Taxes figures came in at -$210.0 million (Q1 2026), -$533.0 million (Q4 2025), and $30.0 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Deferred Taxes (Qtr)
1 Woodside Energy 630.08 Bn 624.14 Bn - -
2 Canadian Natural Resources 388.31 Bn 388.31 Bn 6.72 Bn -126.15 Mn
3 Conocophillips 142.98 Bn 136.61 Bn 9.48 Bn 102.00 Mn
4 Eog Resources 72.93 Bn 69.08 Bn - 18.00 Mn
5 Occidental Petroleum 55.91 Bn 52.73 Bn 4.87 Bn 50.00 Mn
6 Diamondback Energy 54.95 Bn 61.11 Bn 4.22 Bn -242.00 Mn
7 Vista Energy, S.A.B. de C.V 35.18 Bn 34.56 Bn 472.36 Mn 19.69 Mn
8 Eqt 32.94 Bn 36.28 Bn 2.98 Bn 410.40 Mn
9 Vermilion Energy 31.24 Bn 31.05 Bn 370.10 Mn -82.94 Mn
10 Ovintiv 15.16 Bn 15.16 Bn 2.35 Bn -210.00 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -210.00 Mn
Dec 31, 2025 -533.00 Mn
Sep 30, 2025 30.00 Mn
Jun 30, 2025 66.00 Mn
Mar 31, 2025 -77.00 Mn
Dec 31, 2024 -38.00 Mn
Sep 30, 2024 21.00 Mn
Jun 30, 2024 103.00 Mn
Mar 31, 2024 58.00 Mn
Dec 31, 2023 111.00 Mn
Sep 30, 2023 -78.00 Mn
Jun 30, 2023 47.00 Mn
Mar 31, 2023 64.00 Mn
Dec 31, 2022 -225.00 Mn
Sep 30, 2022 88.00 Mn
Jun 30, 2022 58.00 Mn
Mar 31, 2022 -8.00 Mn
Dec 31, 2021 -2.00 Mn
Sep 30, 2021 1.00 Mn
Mar 31, 2021 -20.00 Mn