Accumulated Depreciation
Ovintiv Accumulated Depreciation increased by 3.0% to $58.93B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 8.0%, from $54.56B to $58.93B. Over 5 years (FY 2020 to FY 2025), Accumulated Depreciation shows an upward trend with a 3.4% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
A rising balance relative to gross assets suggests an aging infrastructure, potentially signaling a need for future capital expenditure to replace equipment.
Detailed definition
This is the cumulative amount of depreciation expense charged against the company's tangible assets since their acquisit...
Peer comparison
Commonly found in the balance sheet or notes for all companies with significant physical property, plant, and equipment.
ppe_accumulated_depreciationHistorical 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 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $49.35B | $49.21B | $49.56B | $50.06B | $49.84B | $49.18B | $49.64B | $50.02B | $50.78B | $50.94B | $51.84B | $52.02B | $52.45B | $53.26B | $53.27B | $54.56B | $55.99B | $56.33B | $57.19B | $58.93B |
| QoQ Change | — | -0.3% | +0.7% | +1.0% | -0.4% | -1.3% | +0.9% | +0.8% | +1.5% | +0.3% | +1.8% | +0.4% | +0.8% | +1.6% | +0.0% | +2.4% | +2.6% | +0.6% | +1.5% | +3.0% |
| YoY Change | — | — | — | — | +1.0% | -0.1% | +0.2% | -0.1% | +1.9% | +3.6% | +4.4% | +4.0% | +3.3% | +4.6% | +2.8% | +4.9% | +6.8% | +5.8% | +7.3% | +8.0% |
| % of PP&E (Net) | 578.2% | 572.9% | 565.7% | 557.3% | 542.1% | 543.2% | 524.3% | 504.7% | 357.1% | 350.9% | 354.1% | 351.3% | 353.3% | 359.5% | 370.9% | 382.3% | 389.3% | 398.9% | 401.5% | 369.9% |
| Share Change | — | -5.4pp | -7.2pp | -8.4pp | -15.1pp | +1.1pp | -19.0pp | -19.6pp | -147.5pp | -6.2pp | +3.2pp | -2.8pp | +2.0pp | +6.2pp | +11.4pp | +11.4pp | +7.0pp | +9.6pp | +2.6pp | -31.6pp |
Business Segments
| Segment | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 |
|---|---|---|---|---|---|---|---|---|
| Usa Operations | $36.29B | $36.79B | $37.30B | $37.77B | $38.15B | $38.52B | $38.88B | $39.30B |
| Canadian Operations | $15.04B | $14.96B | $15.25B | $14.83B | $15.73B | $16.76B | $16.74B | $17.17B |
| Market Optimization | $7.00M | $7.00M | $7.00M | — | — | — | — | — |
| Total | $52.02B | $52.45B | $53.26B | $53.27B | $54.56B | $55.99B | $56.33B | $57.19B |
Market Optimization was previously reported and has since been discontinued or reclassified. Only currently active segments are shown in the chart.
Accumulated Depreciation at Other Companies
Frequently Asked Questions
- What is Ovintiv's accumulated depreciation?
- Ovintiv (OVV) reported accumulated depreciation of $58.93B in Q1 2026.
- How has Ovintiv's accumulated depreciation changed year-over-year?
- Ovintiv's accumulated depreciation increased by 8.0% year-over-year, from $54.56B to $58.93B.
- What is the long-term trend for Ovintiv's accumulated depreciation?
- Over 5 years (2020 to 2025), Ovintiv's accumulated depreciation has grown at a 3.4% compound annual growth rate (CAGR), from $48.31B to $57.19B.
- What does accumulated depreciation mean?
- The total amount of depreciation recorded against physical assets over time.