Ovintiv (OVV) Tax Provisions (2018 - 2026)
Ovintiv (OVV) posted quarterly Tax Provisions of $83.0 million for Q2 2026, down 9.78% year-on-year from $92.0 million in Q2 2025, and up 142.13% on a QoQ basis from -$197.0 million in Q1 2026.
Ovintiv (OVV) Tax Provisions (2018 - 2026) Analysis & Trends
Ovintiv (OVV) has reported Tax Provisions for 9 consecutive years, with $83.0 million the latest figure, recorded in Q2 2026.
- Quarterly Tax Provisions fell 9.78% year-over-year to $83.0 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was -$644.0 million (down 544.14% YoY) and the FY2025 annual result came in at -$472.0 million, down 308.85% from the prior year.
- Tax Provisions advanced to $83.0 million in Q2 2026 per OVV's latest filing, from -$197.0 million in the prior quarter.
- Over the last five years, Tax Provisions for OVV reached as high as $211.0 million in Q4 2023 and fell as low as -$574.0 million in Q4 2025.
- A 5-year average of $7.9 million and a median of $65.0 million in 2022 frame the typical range for Tax Provisions.
- The largest YoY upside for Tax Provisions was 8700.0% in 2022 against a maximum downside of 11150.0% in 2022.
- Year by year, Tax Provisions stood at -$225.0 million in 2022, then surged by 193.78% to $211.0 million in 2023, then slumped by 119.43% to -$41.0 million in 2024, then plunged by 1300.0% to -$574.0 million in 2025, then surged by 114.46% to $83.0 million in 2026.
- According to Business Quant data, Tax Provisions over the past three periods registered $83.0 million, -$197.0 million, and -$574.0 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 141.43 Bn | 135.06 Bn | 9.48 Bn | 1.18 Bn |
| 2 | Eog Resources | 74.61 Bn | 70.76 Bn | - | 575.00 Mn |
| 3 | Diamondback Energy | 55.39 Bn | 55.39 Bn | 4.22 Bn | 32.00 Mn |
| 4 | Woodside Energy | 41.28 Bn | 35.34 Bn | 2.71 Bn | 1.10 Bn |
| 5 | Occidental Petroleum | 32.80 Bn | 28.99 Bn | 4.87 Bn | 154.00 Mn |
| 6 | Eqt | 32.48 Bn | 32.37 Bn | 1.42 Bn | 84.93 Mn |
| 7 | Texas Pacific Land | 27.36 Bn | 27.11 Bn | - | 40.66 Mn |
| 8 | Devon Energy | 26.53 Bn | 24.72 Bn | 3.61 Bn | -188.00 Mn |
| 9 | Expand Energy | 21.67 Bn | 19.37 Bn | 4.21 Bn | 330.00 Mn |
| 10 | Ovintiv | 16.84 Bn | 15.96 Bn | 2.83 Bn | 83.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 83.00 Mn |
| Mar 31, 2026 | -197.00 Mn |
| Dec 31, 2025 | -574.00 Mn |
| Sep 30, 2025 | 44.00 Mn |
| Jun 30, 2025 | 92.00 Mn |
| Mar 31, 2025 | 43.00 Mn |
| Dec 31, 2024 | -41.00 Mn |
| Sep 30, 2024 | 51.00 Mn |
| Jun 30, 2024 | 126.00 Mn |
| Mar 31, 2024 | 90.00 Mn |
| Dec 31, 2023 | 211.00 Mn |
| Sep 30, 2023 | 65.00 Mn |
| Jun 30, 2023 | 101.00 Mn |
| Mar 31, 2023 | 126.00 Mn |
| Dec 31, 2022 | -225.00 Mn |
| Sep 30, 2022 | 88.00 Mn |
| Jun 30, 2022 | 65.00 Mn |
| Mar 31, 2022 | -5.00 Mn |
| Dec 31, 2021 | -2.00 Mn |
| Sep 30, 2021 | 1.00 Mn |