Business Segments · Direct Operating Costs
Canadian Operations — Direct Operating Costs
Ovintiv Canadian Operations — Direct Operating Costs increased by 24.4% to $51.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 41.7%, from $36.00M to $51.00M. Over 4 years (FY 2021 to FY 2025), Canadian Operations — Direct Operating Costs shows an upward trend with a 9.7% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementSegment
CategoryEfficiency
SignalLower is better
VolatilityModerate
First reportedQ1 2017
Last reportedQ1 2026May 11, 2026
Rolls up toProduction and delivery
How to read this metric
Lower costs per unit of production indicate higher operational efficiency and better cost management.
Detailed definition
This represents the day-to-day cash expenses required to operate and maintain oil and gas wells, including labor, mainte...
Peer comparison
Commonly referred to as 'Lease Operating Expenses (LOE)' in the energy sector.
Metric ID:
ovv_segment_canadian_operations_direct_operating_costsHistorical 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 | $25.00M | $25.00M | $33.00M | $37.00M | $25.00M | $34.00M | $41.00M | $29.00M | $2.00M | $28.00M | $43.00M | $27.00M | $28.00M | $38.00M | $28.00M | $36.00M | $42.00M | $42.00M | $41.00M | $51.00M |
| QoQ Change | — | +0.0% | +32.0% | +12.1% | -32.4% | +36.0% | +20.6% | -29.3% | -93.1% | >999% | +53.6% | -37.2% | +3.7% | +35.7% | -26.3% | +28.6% | +16.7% | +0.0% | -2.4% | +24.4% |
| YoY Change | — | — | — | — | +0.0% | +36.0% | +24.2% | -21.6% | -92.0% | -17.6% | +4.9% | -6.9% | >999% | +35.7% | -34.9% | +33.3% | +50.0% | +10.5% | +46.4% | +41.7% |
Range$2.00M – $51.00M
CAGR+16.2%
Avg YoY Growth+88.1%
Median YoY Growth+17.4%
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Frequently Asked Questions
- What is Ovintiv's canadian operations — direct operating costs?
- Ovintiv (OVV) reported canadian operations — direct operating costs of $51.00M in Q1 2026.
- How has Ovintiv's canadian operations — direct operating costs changed year-over-year?
- Ovintiv's canadian operations — direct operating costs increased by 41.7% year-over-year, from $36.00M to $51.00M.
- What is the long-term trend for Ovintiv's canadian operations — direct operating costs?
- Over 4 years (2021 to 2025), Ovintiv's canadian operations — direct operating costs has grown at a 9.7% compound annual growth rate (CAGR), from $111.00M to $161.00M.
- What does canadian operations — direct operating costs mean?
- The cash costs to run and maintain the oil and gas wells.