Canadian Operations — Operating Income
Ovintiv Canadian Operations — Operating Income increased by 122.9% to $8.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 101.5%, from -$530.00M to $8.00M. Over 3 years (FY 2021 to FY 2024), Canadian Operations — Operating Income shows a downward trend with a -66.7% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
An increase indicates improved operational efficiency or higher commodity price realization, while a decrease suggests rising costs or lower production profitability.
Detailed definition
This metric represents the net profitability of the Canadian exploration and production segment after accounting for all...
Peer comparison
Commonly reported as Segment Operating Income by E&P peers; highly sensitive to regional oil and gas price differentials.
ovv_segment_canadian_operations_operating_income_lossHistorical 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 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $169.00M | $215.00M | $145.00M | $220.00M | $200.00M | $41.00M | $154.00M | $247.00M | $117.00M | $148.00M | $206.00M | $142.00M | $94.00M | $60.00M | -$323.00M | -$530.00M | $131.00M | -$35.00M | $8.00M |
| QoQ Change | — | +27.2% | -32.6% | +51.7% | -9.1% | -79.5% | +275.6% | +60.4% | -52.6% | +26.5% | +39.2% | -31.1% | -33.8% | -36.2% | -638.3% | -64.1% | +124.7% | -126.7% | +122.9% |
| YoY Change | — | — | — | — | +18.3% | -80.9% | +6.2% | +12.3% | -41.5% | +261.0% | +33.8% | -42.5% | -19.7% | -59.5% | -256.8% | -473.2% | +39.4% | -158.3% | +101.5% |
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Frequently Asked Questions
- What is Ovintiv's canadian operations — operating income?
- Ovintiv (OVV) reported canadian operations — operating income of $8.00M in Q1 2026.
- How has Ovintiv's canadian operations — operating income changed year-over-year?
- Ovintiv's canadian operations — operating income increased by 101.5% year-over-year, from -$530.00M to $8.00M.
- What is the long-term trend for Ovintiv's canadian operations — operating income?
- Over 3 years (2021 to 2024), Ovintiv's canadian operations — operating income has grown at a -66.7% compound annual growth rate (CAGR), from $734.00M to -$27.00M.
- What does canadian operations — operating income mean?
- The profit or loss generated by the company's Canadian business segment from its core operations.