Ovintiv (OVV) Operating Expenses (2019 - 2026)
Ovintiv (OVV) posted Operating Expenses of $2.0 billion for Q2 2026, down 38.56% on a QoQ basis from $3.3 billion in Q1 2026, and up 11.73% year-over-year from $1.8 billion in Q2 2025.
Analysis
Ovintiv (OVV) Operating Expenses (2019 - 2026) Analysis & Trends
Ovintiv has reported Operating Expenses for 8 years, with the latest figure at $2.0 billion in Q2 2026.
- On a quarterly basis, Operating Expenses rose 11.73% year-over-year to $2.0 billion in Q2 2026; TTM through Jun 2026 was $8.8 billion, a 6.7% increase from a year earlier, with the FY2025 full-year figure at $7.8 billion, up 2.69% from the prior year.
- Operating Expenses was $2.0 billion for Q2 2026 at Ovintiv, down from $3.3 billion in the prior quarter.
- The five-year high for Operating Expenses was $3.3 billion in Q1 2026, with the low at $1.7 billion in Q4 2025.
- Average Operating Expenses over 5 years is $2.1 billion, with a median of $2.0 billion recorded in 2023.
- The sharpest annual moves came in 2025 and 2026: Operating Expenses decreased 21.73% in 2025, then surged 33.25% in 2026.
- Over 5 years, Operating Expenses stood at $2.0 billion in 2022, then retreated by 3.42% to $2.0 billion in 2023, then increased by 10.52% to $2.2 billion in 2024, then fell by 21.73% to $1.7 billion in 2025, then rose by 18.0% to $2.0 billion in 2026.
- The last three Operating Expenses figures came in at $2.0 billion (Q2 2026), $3.3 billion (Q1 2026), and $1.7 billion (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 166.07 Bn | 158.38 Bn | 12.81 Bn | 2.43 Bn |
| 2 | Canadian Natural Resources | 107.37 Bn | 105.48 Bn | 8.84 Bn | 114.95 Mn |
| 3 | Eog Resources | 77.26 Bn | 72.36 Bn | - | 5.09 Bn |
| 4 | Diamondback Energy | 56.93 Bn | 56.47 Bn | 5.55 Bn | 3.05 Bn |
| 5 | Devon Energy | 45.90 Bn | 44.89 Bn | 6.02 Bn | 5.03 Bn |
| 6 | Expand Energy | 23.03 Bn | 21.76 Bn | 2.33 Bn | 2.30 Bn |
| 7 | Permian Resources | 19.81 Bn | 19.55 Bn | - | 929.86 Mn |
| 8 | Ovintiv | 18.04 Bn | 17.15 Bn | 2.83 Bn | 2.02 Bn |
| 9 | Apa | 15.80 Bn | 15.36 Bn | 2.28 Bn | 1.12 Bn |
| 10 | Antero Resources | 12.13 Bn | 11.56 Bn | 1.56 Bn | 1.18 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.02 Bn |
| 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 |