Ovintiv (OVV) Operating Expenses (2019 - 2026)
Ovintiv (OVV) posted quarterly Operating Expenses of $2.0 billion for Q2 2026, up 11.73% year-on-year from $1.8 billion in Q2 2025, and down 38.56% on a QoQ basis from $3.3 billion in Q1 2026.
Ovintiv (OVV) Operating Expenses (2019 - 2026) Analysis & Trends
Ovintiv (OVV) has reported Operating Expenses for 8 consecutive years, with $2.0 billion the latest figure, recorded in Q2 2026.
- Quarterly Operating Expenses rose 11.73% year-over-year to $2.0 billion in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $8.8 billion (up 6.7% YoY) and the FY2025 annual result came in at $7.8 billion, up 2.69% from the prior year.
- Operating Expenses retreated to $2.0 billion in Q2 2026 per OVV's latest filing, from $3.3 billion in the prior quarter.
- Over the last five years, Operating Expenses for OVV reached as high as $3.3 billion in Q1 2026 and fell as low as $1.7 billion in Q4 2025.
- A 5-year average of $2.1 billion and a median of $2.0 billion in 2023 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2025 — Operating Expenses decreased 21.73% — and 2026, when it surged 33.25%.
- Year by year, Operating Expenses stood at $2.0 billion in 2022, then decreased by 3.42% to $2.0 billion in 2023, then rose by 10.52% to $2.2 billion in 2024, then retreated by 21.73% to $1.7 billion in 2025, then gained by 18.0% to $2.0 billion in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $2.0 billion, $3.3 billion, and $1.7 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 141.43 Bn | 135.06 Bn | 9.48 Bn | 2.28 Bn |
| 2 | Eog Resources | 74.61 Bn | 70.76 Bn | - | 4.32 Bn |
| 3 | Diamondback Energy | 55.39 Bn | 55.39 Bn | 4.22 Bn | 4.12 Bn |
| 4 | Woodside Energy | 41.28 Bn | 35.34 Bn | 2.71 Bn | - |
| 5 | Occidental Petroleum | 32.80 Bn | 28.99 Bn | 4.87 Bn | 4.86 Bn |
| 6 | Eqt | 32.48 Bn | 32.37 Bn | 1.42 Bn | 60.22 Mn |
| 7 | Texas Pacific Land | 27.36 Bn | 27.11 Bn | - | 54.49 Mn |
| 8 | Devon Energy | 26.53 Bn | 24.72 Bn | 3.61 Bn | 3.64 Bn |
| 9 | Expand Energy | 21.67 Bn | 19.37 Bn | 4.21 Bn | 2.87 Bn |
| 10 | Ovintiv | 16.84 Bn | 15.96 Bn | 2.83 Bn | 2.02 Bn |
Historic Data
Download 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 |