Cost of Revenue

Production and delivery

Ovintiv Production and delivery increased by 4.1% to $227.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 10.7%, from $205.00M to $227.00M. Over 4 years (FY 2021 to FY 2025), Production and delivery shows an upward trend with a 8.4% CAGR. This is a positive signal — lower values indicate better performance for this metric.

Analysis

StatementIncome Statement
SectionCost of Revenue
CategoryEfficiency
SignalLower is better
VolatilityModerate
First reportedQ1 2017
Last reportedQ1 2026May 11, 2026

How to read this metric

A decrease relative to revenue suggests improved operational efficiency or better carrier rate negotiation, while an increase may indicate rising fuel or capacity costs.

Detailed definition

Includes the direct costs incurred to provide logistics and freight forwarding services, such as carrier fees, transport...

Peer comparison

Highly comparable across logistics and freight forwarding peers as it represents the core cost of goods sold.

Metric ID: cost_of_revenue_direct_operating_costs

Historical Data

20 periods
 Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Value$149.00M$153.00M$159.00M$188.00M$180.00M$228.00M$206.00M$206.00M$175.00M$243.00M$235.00M$243.00M$237.00M$235.00M$216.00M$205.00M$219.00M$220.00M$218.00M$227.00M
QoQ Change+2.7%+3.9%+18.2%-4.3%+26.7%-9.6%+0.0%-15.0%+38.9%-3.3%+3.4%-2.5%-0.8%-8.1%-5.1%+6.8%+0.5%-0.9%+4.1%
YoY Change+20.8%+49.0%+29.6%+9.6%-2.8%+6.6%+14.1%+18.0%+35.4%-3.3%-8.1%-15.6%-7.6%-6.4%+0.9%+10.7%
Range$149.00M$243.00M
CAGR+9.3%
Avg YoY Growth+9.4%
Median YoY Growth+8.1%

Business Segments

View all
SegmentQ1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Usa Operations$216.00M$209.00M$197.00M$188.00M$169.00M$177.00M$178.00M$177.00M
Canadian Operations$27.00M$28.00M$38.00M$28.00M$36.00M$42.00M$42.00M$41.00M
Market Optimization$7.00M$6.00M$6.00M
Total$243.00M$237.00M$235.00M$216.00M$205.00M$219.00M$220.00M$218.00M

Market Optimization was previously reported and has since been discontinued or reclassified. Only currently active segments are shown in the chart.

Frequently Asked Questions

What is Ovintiv's production and delivery?
Ovintiv (OVV) reported production and delivery of $227.00M in Q1 2026.
How has Ovintiv's production and delivery changed year-over-year?
Ovintiv's production and delivery increased by 10.7% year-over-year, from $205.00M to $227.00M.
What is the long-term trend for Ovintiv's production and delivery?
Over 4 years (2021 to 2025), Ovintiv's production and delivery has grown at a 8.4% compound annual growth rate (CAGR), from $625.00M to $862.00M.
What does production and delivery mean?
The direct costs associated with providing the company's services to customers.