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
DateValue
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