Ovintiv (OVV) Operating Income (2018 - 2026)
Ovintiv (OVV) posted quarterly Operating Income of $994.0 million for Q2 2026, up 94.52% year-on-year from $511.0 million in Q2 2025, and up 231.83% on a QoQ basis from -$754.0 million in Q1 2026.
Ovintiv (OVV) Operating Income (2018 - 2026) Analysis & Trends
Ovintiv (OVV) has reported Operating Income for 9 consecutive years, with $994.0 million the latest figure, recorded in Q2 2026.
- Quarterly Operating Income rose 94.52% year-over-year to $994.0 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $949.0 million (changed 0.21% YoY) and the FY2025 annual result came in at $1.1 billion, down 28.37% from the prior year.
- Operating Income rose to $994.0 million in Q2 2026 per OVV's latest filing, from -$754.0 million in the prior quarter.
- Over the last five years, Operating Income for OVV reached as high as $1.5 billion in Q2 2022 and fell as low as -$754.0 million in Q1 2026.
- A 5-year average of $537.1 million and a median of $519.0 million in 2024 frame the typical range for Operating Income.
- Annual changes were most pronounced in 2025 — Operating Income jumped 21700.0% — and 2026, when it tumbled 747.19%.
- Year by year, Operating Income stood at $1.2 billion in 2022, then climbed by 2.06% to $1.2 billion in 2023, then plunged by 99.83% to $2.0 million in 2024, then soared by 21700.0% to $436.0 million in 2025, then jumped by 127.98% to $994.0 million in 2026.
- According to Business Quant data, Operating Income over the past three periods registered $994.0 million, -$754.0 million, and $436.0 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 141.43 Bn | 135.06 Bn | 9.48 Bn | 7.20 Bn |
| 2 | Eog Resources | 74.61 Bn | 70.76 Bn | - | 2.60 Bn |
| 3 | Diamondback Energy | 55.39 Bn | 55.39 Bn | 4.22 Bn | 116.00 Mn |
| 4 | Woodside Energy | 41.28 Bn | 35.34 Bn | 2.71 Bn | 2.71 Bn |
| 5 | Occidental Petroleum | 32.80 Bn | 28.99 Bn | 4.87 Bn | 19.00 Mn |
| 6 | Eqt | 32.48 Bn | 32.37 Bn | 1.42 Bn | 394.04 Mn |
| 7 | Texas Pacific Land | 27.36 Bn | 27.11 Bn | - | 182.33 Mn |
| 8 | Devon Energy | 26.53 Bn | 24.72 Bn | 3.61 Bn | 166.00 Mn |
| 9 | Expand Energy | 21.67 Bn | 19.37 Bn | 4.21 Bn | 1.53 Bn |
| 10 | Ovintiv | 16.84 Bn | 15.96 Bn | 2.83 Bn | 994.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 994.00 Mn |
| Mar 31, 2026 | -754.00 Mn |
| Dec 31, 2025 | 436.00 Mn |
| Sep 30, 2025 | 273.00 Mn |
| Jun 30, 2025 | 511.00 Mn |
| Mar 31, 2025 | -89.00 Mn |
| Dec 31, 2024 | 2.00 Mn |
| Sep 30, 2024 | 527.00 Mn |
| Jun 30, 2024 | 556.00 Mn |
| Mar 31, 2024 | 494.00 Mn |
| Dec 31, 2023 | 1.19 Bn |
| Sep 30, 2023 | 467.00 Mn |
| Jun 30, 2023 | 531.00 Mn |
| Mar 31, 2023 | 678.00 Mn |
| Dec 31, 2022 | 1.16 Bn |
| Sep 30, 2022 | 1.37 Bn |
| Jun 30, 2022 | 1.52 Bn |
| Mar 31, 2022 | -200.00 Mn |
| Dec 31, 2021 | 1.45 Bn |
| Jun 30, 2021 | -121.00 Mn |