Discontinued — last reported Q3 '24
Market Optimization — Direct Operating Costs
Ovintiv Market Optimization — Direct Operating Costs remained flat by 0.0% to $6.00M in Q3 2024 compared to the prior quarter. Year-over-year, this metric declined by 14.3%, from $7.00M to $6.00M. Over 2 years (FY 2021 to FY 2023), Market Optimization — Direct Operating Costs shows an upward trend with a 5.8% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
Lower costs relative to throughput indicate improved operational efficiency and cost control.
Detailed definition
The direct cash expenses required to operate and maintain the segment's marketing and midstream assets, excluding transp...
Peer comparison
Similar to 'Lease Operating Expenses (LOE)' or 'Segment Operating Expenses' for midstream-focused business units.
ovv_segment_market_optimization_direct_operating_costsHistorical 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $7.00M | $5.00M | $6.00M | $9.00M | $6.00M | $7.00M | $7.00M | $7.00M | $6.00M | $7.00M | $8.00M | $7.00M | $6.00M | $6.00M |
| QoQ Change | — | -28.6% | +20.0% | +50.0% | -33.3% | +16.7% | +0.0% | +0.0% | -14.3% | +16.7% | +14.3% | -12.5% | -14.3% | +0.0% |
| YoY Change | — | — | — | — | -14.3% | +40.0% | +16.7% | -22.2% | +0.0% | +0.0% | +14.3% | +0.0% | +0.0% | -14.3% |
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Frequently Asked Questions
- What is Ovintiv's market optimization — direct operating costs?
- Ovintiv (OVV) reported market optimization — direct operating costs of $6.00M in Q3 2024.
- How has Ovintiv's market optimization — direct operating costs changed year-over-year?
- Ovintiv's market optimization — direct operating costs decreased by 14.3% year-over-year, from $7.00M to $6.00M.
- What is the long-term trend for Ovintiv's market optimization — direct operating costs?
- Over 2 years (2021 to 2023), Ovintiv's market optimization — direct operating costs has grown at a 5.8% compound annual growth rate (CAGR), from $25.00M to $28.00M.
- What does market optimization — direct operating costs mean?
- Direct cash costs to run the segment's daily operations.