Business Segments · Direct Operating Costs
Usa Operations — Direct Operating Costs
Ovintiv Usa Operations — Direct Operating Costs decreased by 0.6% to $176.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 4.1%, from $169.00M to $176.00M. Over 4 years (FY 2021 to FY 2025), Usa Operations — Direct Operating Costs shows an upward trend with a 9.4% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
StatementSegment
CategoryEfficiency
SignalLower is better
VolatilityModerate
First reportedQ1 2017
Last reportedQ1 2026May 11, 2026
Rolls up toProduction and delivery
How to read this metric
Lower costs per unit of production indicate higher operational efficiency and better margins.
Detailed definition
The day-to-day expenses required to operate and maintain oil and gas wells, including labor, maintenance, and field-leve...
Peer comparison
Standard industry metric known as 'Lease Operating Expenses (LOE)'.
Metric ID:
ovv_segment_usa_operations_direct_operating_costsHistorical 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 | $117.00M | $122.00M | $122.00M | $142.00M | $149.00M | $187.00M | $187.00M | $170.00M | $167.00M | $208.00M | $212.00M | $216.00M | $209.00M | $197.00M | $188.00M | $169.00M | $177.00M | $178.00M | $177.00M | $176.00M |
| QoQ Change | — | +4.3% | +0.0% | +16.4% | +4.9% | +25.5% | +0.0% | -9.1% | -1.8% | +24.6% | +1.9% | +1.9% | -3.2% | -5.7% | -4.6% | -10.1% | +4.7% | +0.6% | -0.6% | -0.6% |
| YoY Change | — | — | — | — | +27.4% | +53.3% | +53.3% | +19.7% | +12.1% | +11.2% | +13.4% | +27.1% | +25.1% | -5.3% | -11.3% | -21.8% | -15.3% | -9.6% | -5.9% | +4.1% |
Range$117.00M – $216.00M
CAGR+9.0%
Avg YoY Growth+11.1%
Median YoY Growth+11.7%
Current Streak2 quarters decline
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Frequently Asked Questions
- What is Ovintiv's usa operations — direct operating costs?
- Ovintiv (OVV) reported usa operations — direct operating costs of $176.00M in Q1 2026.
- How has Ovintiv's usa operations — direct operating costs changed year-over-year?
- Ovintiv's usa operations — direct operating costs increased by 4.1% year-over-year, from $169.00M to $176.00M.
- What is the long-term trend for Ovintiv's usa operations — direct operating costs?
- Over 4 years (2021 to 2025), Ovintiv's usa operations — direct operating costs has grown at a 9.4% compound annual growth rate (CAGR), from $490.00M to $701.00M.
- What does usa operations — direct operating costs mean?
- The daily costs to run and maintain oil and gas wells.