Ovintiv (OVV) Operating Expenses (2019 - 2026)
Ovintiv (OVV) recorded quarterly Operating Expenses of $3.3 billion in Q1 2026, up 92.05% quarter-over-quarter from $1.7 billion in Q4 2025, and up 33.25% on a YoY basis from $2.5 billion in Q1 2025.
Ovintiv (OVV) Operating Expenses (2019 - 2026) Analysis & Trends
Ovintiv's Operating Expenses history runs 8 years deep, the most recent figure standing at $3.3 billion for Q1 2026.
- In Q1 2026, Operating Expenses rose 33.25% year-over-year to $3.3 billion; the TTM figure through Mar 2026 stood at $8.6 billion (up 5.08% YoY), while the FY2025 annual figure was $7.8 billion, up 2.69% from the prior year.
- Operating Expenses was $3.3 billion for Q1 2026 at Ovintiv, up from $1.7 billion in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $3.3 billion in Q1 2026 to a low of $1.7 billion in Q4 2025.
- Historically, Operating Expenses has averaged $2.1 billion across 5 years, with a median of $2.0 billion in 2023.
- The sharpest annual moves came in 2025 and 2026: Operating Expenses retreated 21.73% in 2025, then jumped 33.25% in 2026.
- A 5-year view of Operating Expenses shows it stood at $2.0 billion in 2022, then fell by 3.42% to $2.0 billion in 2023, then grew by 10.52% to $2.2 billion in 2024, then declined by 21.73% to $1.7 billion in 2025, then surged by 92.05% to $3.3 billion in 2026.
- The last three Operating Expenses figures came in at $3.3 billion (Q1 2026), $1.7 billion (Q4 2025), and $1.8 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Woodside Energy | 631.53 Bn | 625.59 Bn | - | - |
| 2 | Canadian Natural Resources | 402.73 Bn | 402.73 Bn | 6.72 Bn | 1.04 Bn |
| 3 | Conocophillips | 145.39 Bn | 139.02 Bn | 9.48 Bn | 2.28 Bn |
| 4 | Eog Resources | 74.61 Bn | 70.76 Bn | - | 4.32 Bn |
| 5 | Occidental Petroleum | 57.00 Bn | 53.82 Bn | 4.87 Bn | 1.12 Bn |
| 6 | Diamondback Energy | 56.03 Bn | 62.20 Bn | 4.22 Bn | 4.12 Bn |
| 7 | Vista Energy, S.A.B. de C.V | 36.26 Bn | 35.65 Bn | 472.36 Mn | -52.32 Mn |
| 8 | Eqt | 33.02 Bn | 36.36 Bn | 2.98 Bn | 54.87 Mn |
| 9 | Vermilion Energy | 32.76 Bn | 32.57 Bn | 370.10 Mn | 103.33 Mn |
| 10 | Ovintiv | 15.54 Bn | 15.54 Bn | 2.35 Bn | 3.29 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 3.29 Bn |
| Dec 31, 2025 | 1.71 Bn |
| Sep 30, 2025 | 1.79 Bn |
| Jun 30, 2025 | 1.81 Bn |
| Mar 31, 2025 | 2.47 Bn |
| Dec 31, 2024 | 2.19 Bn |
| Sep 30, 2024 | 1.80 Bn |
| Jun 30, 2024 | 1.73 Bn |
| Mar 31, 2024 | 1.86 Bn |
| Dec 31, 2023 | 1.98 Bn |
| Sep 30, 2023 | 2.18 Bn |
| Jun 30, 2023 | 1.99 Bn |
| Mar 31, 2023 | 1.87 Bn |
| Dec 31, 2022 | 2.05 Bn |
| Sep 30, 2022 | 2.18 Bn |
| Jun 30, 2022 | 2.22 Bn |
| Mar 31, 2022 | 2.17 Bn |
| Dec 31, 2021 | 1.89 Bn |
| Sep 30, 2021 | 1.79 Bn |
| Jun 30, 2021 | 1.81 Bn |