Business Segments · Asset Impairment Charges
Canadian Operations — Asset Impairment Charges
Year-over-year, this metric declined by 48.8%, from $730.00M to $374.00M. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementSegment
CategoryRisk
SignalLower is better
VolatilityVolatile
First reportedQ1 2018
Last reportedQ1 2026May 11, 2026
Rolls up toImpairment Charges
How to read this metric
Lower impairment charges are better, as they indicate stable asset values and accurate long-term planning.
Detailed definition
These are non-cash charges recognized when the carrying value of an asset exceeds its recoverable amount, often due to d...
Peer comparison
Commonly reported as 'Impairment of Oil and Gas Properties' by E&P peers.
Metric ID:
ovv_segment_canadian_operations_asset_impairment_chargesHistorical 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 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $450.00M | $730.00M | $0.00 | $141.00M | $0.00 | $374.00M |
| QoQ Change | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | +62.2% | -100.0% | — | -100.0% | — |
| YoY Change | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | -100.0% | -48.8% |
Range$0.00 – $730.00M
Avg YoY Growth-74.4%
Median YoY Growth-74.4%
Current Streak2+ quarters decline
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Frequently Asked Questions
- What is Ovintiv's canadian operations — asset impairment charges?
- Ovintiv (OVV) reported canadian operations — asset impairment charges of $374.00M in Q1 2026.
- How has Ovintiv's canadian operations — asset impairment charges changed year-over-year?
- Ovintiv's canadian operations — asset impairment charges decreased by 48.8% year-over-year, from $730.00M to $374.00M.
- What does canadian operations — asset impairment charges mean?
- A non-cash charge taken when the value of assets is written down due to lower expected future profits.