Operating Income
Ovintiv Operating Income decreased by 272.9% to -$754.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 747.2%, from -$89.00M to -$754.00M. Over 4 years (FY 2021 to FY 2025), Operating Income shows a downward trend with a -7.1% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
Higher operating income indicates strong operational efficiency and pricing power, while a decline suggests rising costs or weakening demand.
Detailed definition
Operating income is the profit realized from a company's core business operations after deducting all operating expenses...
Peer comparison
A standard benchmark for operational performance; peers are compared based on operating margin percentages.
operating_incomeHistorical 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 | -$121.00M | $0.00 | $1.45B | -$200.00M | $1.52B | $1.37B | $1.16B | $678.00M | $531.00M | $467.00M | $1.19B | $494.00M | $556.00M | $527.00M | $2.00M | -$89.00M | $511.00M | $273.00M | $436.00M | -$754.00M |
| QoQ Change | — | +100.0% | — | -113.8% | +858.0% | -9.4% | -15.2% | -41.8% | -21.7% | -12.1% | +154.4% | -58.4% | +12.6% | -5.2% | -99.6% | <-999% | +674.2% | -46.6% | +59.7% | -272.9% |
| YoY Change | — | — | — | — | >999% | — | -19.4% | +439.0% | -65.0% | -66.0% | +2.1% | -27.1% | +4.7% | +12.8% | -99.8% | -118.0% | -8.1% | -48.2% | >999% | -747.2% |
Business Segments
| Segment | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 |
|---|---|---|---|---|---|---|---|---|
| Usa Operations | $545.00M | $522.00M | $501.00M | $506.00M | $573.00M | $399.00M | $398.00M | $312.00M |
| Canadian Operations | $142.00M | $94.00M | $60.00M | -$323.00M | -$530.00M | $131.00M | -$35.00M | — |
| Market Optimization | -$32.00M | -$16.00M | $1.00M | — | — | — | — | — |
| Total | $494.00M | $556.00M | $527.00M | $2.00M | -$89.00M | $511.00M | $273.00M | $436.00M |
Market Optimization was previously reported and has since been discontinued or reclassified. Only currently active segments are shown in the chart.
Operating Income at Other Companies
Frequently Asked Questions
- What is Ovintiv's operating income?
- Ovintiv (OVV) reported operating income of -$754.00M in Q1 2026.
- How has Ovintiv's operating income changed year-over-year?
- Ovintiv's operating income decreased by 747.2% year-over-year, from -$89.00M to -$754.00M.
- What is the long-term trend for Ovintiv's operating income?
- Over 4 years (2021 to 2025), Ovintiv's operating income has grown at a -7.1% compound annual growth rate (CAGR), from $1.52B to $1.13B.
- What does operating income mean?
- The profit a company makes from its core business operations before interest and taxes.