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
DateValue
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