Discontinued — last reported Q3 '24
Market Optimization — Transportation And Processing Costs
Ovintiv Market Optimization — Transportation And Processing Costs decreased by 11.5% to $138.00M in Q3 2024 compared to the prior quarter. Year-over-year, this metric declined by 24.6%, from $183.00M to $138.00M. Over 2 years (FY 2021 to FY 2023), Market Optimization — Transportation And Processing Costs shows an upward trend with a 10.6% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
An increase relative to revenue may indicate rising midstream tariffs or operational inefficiencies in the supply chain.
Detailed definition
Costs incurred to move oil and gas from the wellhead to market hubs and the expenses associated with processing raw gas...
Peer comparison
Standard industry metric often labeled as 'Gathering, Processing, and Transportation (GPT) costs'.
ovv_segment_market_optimization_transportation_and_processing_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 | $149.00M | $141.00M | $144.00M | $152.00M | $161.00M | $164.00M | $169.00M | $165.00M | $180.00M | $183.00M | $171.00M | $170.00M | $156.00M | $138.00M |
| QoQ Change | — | -5.4% | +2.1% | +5.6% | +5.9% | +1.9% | +3.0% | -2.4% | +9.1% | +1.7% | -6.6% | -0.6% | -8.2% | -11.5% |
| YoY Change | — | — | — | — | +8.1% | +16.3% | +17.4% | +8.6% | +11.8% | +11.6% | +1.2% | +3.0% | -13.3% | -24.6% |
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Frequently Asked Questions
- What is Ovintiv's market optimization — transportation and processing costs?
- Ovintiv (OVV) reported market optimization — transportation and processing costs of $138.00M in Q3 2024.
- How has Ovintiv's market optimization — transportation and processing costs changed year-over-year?
- Ovintiv's market optimization — transportation and processing costs decreased by 24.6% year-over-year, from $183.00M to $138.00M.
- What is the long-term trend for Ovintiv's market optimization — transportation and processing costs?
- Over 2 years (2021 to 2023), Ovintiv's market optimization — transportation and processing costs has grown at a 10.6% compound annual growth rate (CAGR), from $571.00M to $699.00M.
- What does market optimization — transportation and processing costs mean?
- Expenses paid for transporting and processing oil and gas products.