Purchased Product Costs
Ovintiv Purchased Product Costs increased by 5.2% to $344.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 14.4%, from $402.00M to $344.00M. Over 4 years (FY 2021 to FY 2025), Purchased Product Costs shows a downward trend with a -16.3% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
Fluctuations reflect the scale of the company's trading and marketing activities rather than its own production efficiency.
Detailed definition
Costs associated with purchasing oil, gas, or NGLs from third parties to fulfill marketing contracts or optimize midstre...
Peer comparison
Common for companies with significant midstream or marketing operations.
cost_of_revenue_purchased_product_costsHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $733.00M | $759.00M | $855.00M | $1.07B | $1.12B | $973.00M | $901.00M | $701.00M | $692.00M | $846.00M | $576.00M | $440.00M | $333.00M | $392.00M | $381.00M | $402.00M | $440.00M | $278.00M | $327.00M | $344.00M |
| QoQ Change | — | +3.5% | +12.6% | +24.7% | +4.6% | -12.7% | -7.4% | -22.2% | -1.3% | +22.3% | -31.9% | -23.6% | -24.3% | +17.7% | -2.8% | +5.5% | +9.5% | -36.8% | +17.6% | +5.2% |
| YoY Change | — | — | — | — | +52.1% | +28.2% | +5.4% | -34.2% | -37.9% | -13.1% | -36.1% | -37.2% | -51.9% | -53.7% | -33.9% | -8.6% | +32.1% | -29.1% | -14.2% | -14.4% |
Business Segments
| Segment | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 |
|---|---|---|---|---|---|---|---|---|
| Usa Operations | $399.00M | $312.00M | $378.00M | $357.00M | $368.00M | $395.00M | $256.00M | $291.00M |
| Canadian Operations | $41.00M | $21.00M | $14.00M | $24.00M | $34.00M | $45.00M | $22.00M | $36.00M |
| Market Optimization | $2.35B | $2.25B | $2.13B | — | — | — | — | — |
| Total | $440.00M | $333.00M | $392.00M | $381.00M | $402.00M | $440.00M | $278.00M | $327.00M |
Market Optimization was previously reported and has since been discontinued or reclassified. Only currently active segments are shown in the chart.
Purchased Product Costs at Other Companies
Frequently Asked Questions
- What is Ovintiv's purchased product costs?
- Ovintiv (OVV) reported purchased product costs of $344.00M in Q1 2026.
- How has Ovintiv's purchased product costs changed year-over-year?
- Ovintiv's purchased product costs decreased by 14.4% year-over-year, from $402.00M to $344.00M.
- What is the long-term trend for Ovintiv's purchased product costs?
- Over 4 years (2021 to 2025), Ovintiv's purchased product costs has grown at a -16.3% compound annual growth rate (CAGR), from $2.95B to $1.45B.
- What does purchased product costs mean?
- The cost of buying energy products from others to resell or process.