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| Date | Value |
|---|---|
| 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 |