Ovintiv Canadian Operations — Gain Loss From Price Risk Management Activity decreased by 45.8% to $13.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 56.7%, from $30.00M to $13.00M. Over 3 years (FY 2021 to FY 2025), Canadian Operations — Gain Loss From Price Risk Management Activity shows an upward trend with a -34.7% CAGR.
A gain indicates successful hedging or favorable market movements, while a loss suggests the hedge position underperformed relative to spot prices.
This reflects the net financial impact of derivative instruments and hedging contracts used to manage exposure to commod...
Commonly reported as 'Gain/Loss on Derivatives' or 'Hedging Gains/Losses' by peers.
ovv_segment_canadian_operations_gain_loss_from_price_risk_management_activity| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | -$35.00M | -$107.00M | -$249.00M | -$227.00M | -$425.00M | -$497.00M | -$336.00M | -$78.00M | $0.00 | $13.00M | $22.00M | $38.00M | $53.00M | $39.00M | $30.00M | $24.00M | $37.00M | $24.00M | $13.00M |
| QoQ Change | — | -205.7% | -132.7% | +8.8% | -87.2% | -16.9% | +32.4% | +76.8% | +100.0% | — | +69.2% | +72.7% | +39.5% | -26.4% | -23.1% | -20.0% | +54.2% | -35.1% | -45.8% |
| YoY Change | — | — | — | — | <-999% | -364.5% | -34.9% | +65.6% | +100.0% | +102.6% | +128.2% | — | +307.7% | — | +36.4% | -36.8% | -30.2% | -38.5% | -56.7% |