What is Ovintiv's asset retirement obligation accretion expense?

Ovintiv (OVV) reported asset retirement obligation accretion expense of $7.00M in Q1 2026.

How has Ovintiv's asset retirement obligation accretion expense changed year-over-year?

Ovintiv's asset retirement obligation accretion expense increased by 16.7% year-over-year, from $6.00M to $7.00M.

What is the long-term trend for Ovintiv's asset retirement obligation accretion expense?

Over 4 years (2021 to 2025), Ovintiv's asset retirement obligation accretion expense has grown at a 6.2% compound annual growth rate (CAGR), from $22.00M to $28.00M.

What does asset retirement obligation accretion expense mean?

The non-cash cost of accounting for the future expense of cleaning up and closing production sites.

Operating

Asset Retirement Obligation Accretion Expense

Ovintiv Asset Retirement Obligation Accretion Expense remained flat by 0.0% to $7.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 16.7%, from $6.00M to $7.00M. Over 4 years (FY 2021 to FY 2025), Asset Retirement Obligation Accretion Expense shows an upward trend with a 6.2% CAGR. This is a positive signal — lower values indicate better performance for this metric.

Analysis

StatementCash Flow Statement

SectionOperating

CategoryRisk

SignalLower is better

VolatilityStable

First reportedQ1 2017

Last reportedQ1 2026May 11, 2026

How to read this metric

An increase reflects a growing long-term liability for site restoration, which is standard as assets age.

Detailed definition

This represents the periodic increase in the carrying amount of a liability for the future retirement of long-lived asse...

Peer comparison

Standard for all upstream oil and gas companies; peers will have similar obligations based on their total number of active and inactive wells.

Metric ID: operating_asset_retirement_obligation_accretion_expense

Historical Data

20 periods

	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	$6.00M	$5.00M	$5.00M	$5.00M	$5.00M	$4.00M	$4.00M	$5.00M	$4.00M	$5.00M	$5.00M	$5.00M	$4.00M	$5.00M	$5.00M	$6.00M	$8.00M	$7.00M	$7.00M	$7.00M
QoQ Change	—	-16.7%	+0.0%	+0.0%	+0.0%	-20.0%	+0.0%	+25.0%	-20.0%	+25.0%	+0.0%	+0.0%	-20.0%	+25.0%	+0.0%	+20.0%	+33.3%	-12.5%	+0.0%	+0.0%
YoY Change	—	—	—	—	-16.7%	-20.0%	-20.0%	+0.0%	-20.0%	+25.0%	+25.0%	+0.0%	+0.0%	+0.0%	+0.0%	+20.0%	+100.0%	+40.0%	+40.0%	+16.7%

Range$4.00M – $8.00M

CAGR+3.3%

Avg YoY Growth+11.9%

Median YoY Growth+0.0%

Current Streak2 quarters growth

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Frequently Asked Questions

What is Ovintiv's asset retirement obligation accretion expense?: Ovintiv (OVV) reported asset retirement obligation accretion expense of $7.00M in Q1 2026.
How has Ovintiv's asset retirement obligation accretion expense changed year-over-year?: Ovintiv's asset retirement obligation accretion expense increased by 16.7% year-over-year, from $6.00M to $7.00M.
What is the long-term trend for Ovintiv's asset retirement obligation accretion expense?: Over 4 years (2021 to 2025), Ovintiv's asset retirement obligation accretion expense has grown at a 6.2% compound annual growth rate (CAGR), from $22.00M to $28.00M.
What does asset retirement obligation accretion expense mean?: The non-cash cost of accounting for the future expense of cleaning up and closing production sites.