Business Segments · Operating Expenses
Canadian Operations — Operating Expenses
Ovintiv Canadian Operations — Operating Expenses increased by 92.9% to $1.09B in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 13.5%, from $1.26B to $1.09B. Over 4 years (FY 2021 to FY 2025), Canadian Operations — Operating Expenses shows an upward trend with a 22.5% 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 toTotal Operating Expenses
How to read this metric
Lower total operating expenses relative to revenue indicate higher segment profitability and operational efficiency.
Detailed definition
This is the aggregate of all costs incurred to operate the Canadian segment, including direct operating costs, transport...
Peer comparison
Comparable to 'Total Segment Operating Expenses' across the energy industry.
Metric ID:
ovv_segment_canadian_operations_operating_expensesHistorical 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 | $366.00M | $341.00M | $338.00M | $331.00M | $337.00M | $355.00M | $794.00M | $365.00M | $351.00M | $370.00M | $628.00M | $402.00M | $399.00M | $412.00M | $848.00M | $1.26B | $593.00M | $733.00M | $563.00M | $1.09B |
| QoQ Change | — | -6.8% | -0.9% | -2.1% | +1.8% | +5.3% | +123.7% | -54.0% | -3.8% | +5.4% | +69.7% | -36.0% | -0.7% | +3.3% | +105.8% | +48.0% | -52.7% | +23.6% | -23.2% | +92.9% |
| YoY Change | — | — | — | — | -7.9% | +4.1% | +134.9% | +10.3% | +4.2% | +4.2% | -20.9% | +10.1% | +13.7% | +11.4% | +35.0% | +212.2% | +48.6% | +77.9% | -33.6% | -13.5% |
Range$331.00M – $1.26B
CAGR+25.7%
Avg YoY Growth+30.7%
Median YoY Growth+10.2%
Similar Metrics at Other Companies
Frequently Asked Questions
- What is Ovintiv's canadian operations — operating expenses?
- Ovintiv (OVV) reported canadian operations — operating expenses of $1.09B in Q1 2026.
- How has Ovintiv's canadian operations — operating expenses changed year-over-year?
- Ovintiv's canadian operations — operating expenses decreased by 13.5% year-over-year, from $1.26B to $1.09B.
- What is the long-term trend for Ovintiv's canadian operations — operating expenses?
- Over 4 years (2021 to 2025), Ovintiv's canadian operations — operating expenses has grown at a 22.5% compound annual growth rate (CAGR), from $1.40B to $3.14B.
- What does canadian operations — operating expenses mean?
- The total cost of running the Canadian business segment, including all operational and accounting expenses.