Ovintiv (OVV) Operating Expenses (2019 - 2026)
Ovintiv (OVV) posted quarterly Operating Expenses of $2.0 billion for Q2 2026, up 11.73% year-over-year from $1.8 billion in Q2 2025, and down 38.56% quarter-over-quarter from $3.3 billion in Q1 2026.
Ovintiv (OVV) Operating Expenses (2019 - 2026) Analysis & Trends
Ovintiv's Operating Expenses history runs 8 years deep, the most recent figure standing at $2.0 billion for Q2 2026.
- In Q2 2026, Operating Expenses rose 11.73% year-over-year to $2.0 billion; the TTM figure through Jun 2026 stood at $8.8 billion (up 6.7% YoY), while the FY2025 annual figure was $7.8 billion, up 2.69% from the prior year.
- Operating Expenses for Q2 2026 stood at $2.0 billion, 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.
- The 5-year median for Operating Expenses is $2.0 billion (2023), against an average of $2.1 billion.
- The sharpest annual moves came in 2025 and 2026: Operating Expenses fell 21.73% in 2025, then soared 33.25% in 2026.
- Ovintiv's Operating Expenses stood at $2.0 billion in 2022, then declined by 3.42% to $2.0 billion in 2023, then climbed by 10.52% to $2.2 billion in 2024, then dropped by 21.73% to $1.7 billion in 2025, then grew by 18.0% to $2.0 billion in 2026.
- Business Quant data shows OVV's Operating Expenses at $2.0 billion in Q2 2026, $3.3 billion in Q1 2026, and $1.7 billion in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 163.55 Bn | 155.86 Bn | 12.81 Bn | 2.43 Bn |
| 2 | Canadian Natural Resources | 106.27 Bn | 104.37 Bn | 10.66 Bn | 114.95 Mn |
| 3 | Eog Resources | 80.09 Bn | 75.19 Bn | - | 5.09 Bn |
| 4 | Diamondback Energy | 59.30 Bn | 58.83 Bn | 5.55 Bn | 3.05 Bn |
| 5 | Devon Energy | 46.23 Bn | 45.22 Bn | 6.02 Bn | 5.03 Bn |
| 6 | Woodside Energy | 45.77 Bn | 39.83 Bn | 6.02 Bn | - |
| 7 | Occidental Petroleum | 39.39 Bn | 35.24 Bn | 7.73 Bn | 4.55 Bn |
| 8 | Eqt | 33.71 Bn | 33.60 Bn | 1.42 Bn | 1.42 Bn |
| 9 | Texas Pacific Land | 25.43 Bn | 25.18 Bn | - | 54.24 Mn |
| 10 | Ovintiv | 18.69 Bn | 17.80 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 |