Total Revenue
Ovintiv Total Revenue increased by 17.9% to $2.53B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 6.5%, from $2.38B to $2.53B. Over 4 years (FY 2021 to FY 2025), Total Revenue shows relatively stable performance with a 0.7% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
An increase indicates market expansion or higher demand, while a decrease may signal market saturation or competitive pressure.
Detailed definition
Total revenue represents the gross inflow of economic benefits arising from the ordinary operating activities of the com...
Peer comparison
Standard across all public companies; peers in the medical device and diagnostics sector typically show steady growth correlated with product adoption.
total_revenueHistorical 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 | $1.69B | $1.79B | $3.34B | $1.97B | $3.74B | $3.55B | $3.21B | $2.55B | $2.52B | $2.65B | $3.17B | $2.35B | $2.29B | $2.32B | $2.19B | $2.38B | $2.32B | $2.07B | $2.15B | $2.53B |
| QoQ Change | — | +5.7% | +86.6% | -41.1% | +89.9% | -5.0% | -9.5% | -20.6% | -1.3% | +5.2% | +19.5% | -25.7% | -2.7% | +1.6% | -5.9% | +8.6% | -2.5% | -10.9% | +3.9% | +17.9% |
| YoY Change | — | — | — | — | +120.8% | +98.4% | -3.8% | +29.7% | -32.6% | -25.4% | -1.4% | -7.8% | -9.1% | -12.3% | -30.9% | +1.1% | +1.3% | -11.1% | -1.9% | +6.5% |
Product Breakdown
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Oil One | $1.20B | $1.14B | $1.04B | $977.00M | $833.00M | $838.00M | $775.00M | $928.00M |
| Natural Gas Liquids Reserves | $447.00M | $429.00M | $434.00M | $513.00M | $544.00M | $567.00M | $491.00M | $685.00M |
| Natural Gas Reserves | $205.00M | $205.00M | $317.00M | $472.00M | $378.00M | $317.00M | $439.00M | $601.00M |
| Natural Gas Gathering Processing And Other Service | — | — | — | — | — | — | — | $7.00M |
| Natural Gas Gathering And Processing | $1.00M | $3.00M | $2.00M | $3.00M | $9.00M | $9.00M | — | — |
| Total | $2.29B | $2.32B | $2.19B | $2.38B | $2.32B | $2.07B | $2.15B | $2.53B |
Natural Gas Gathering And Processing was previously reported and has since been discontinued or reclassified. Only currently active segments are shown in the chart.
Business Segments — Usa Operations Excluding Intercompany Segment Transactions
| Segment | Q4 '21 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q1 '26 |
|---|---|---|---|---|---|---|
| Usa Operations Excluding Intercompany Segment Transactions | $1.43B | $5.10B | $1.19B | $1.18B | $1.55B | $1.50B |
| Canadian Operations Excluding Intercompany Segment Transactions | $734.00M | $1.28B | $693.00M | $470.00M | $508.00M | $1.08B |
| Market Optimization Excluding Intercompany Segment Transactions | $865.00M | $903.00M | $709.00M | $698.00M | $856.00M | $267.00M |
| Total | $3.34B | $3.21B | $2.55B | $2.52B | $2.65B | $2.53B |
Business Segments — Market Optimization
| Segment | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 |
|---|---|---|---|---|---|---|---|---|
| Usa Operations | $1.89B | $1.77B | $1.80B | $1.72B | $1.68B | $1.52B | $1.37B | $1.36B |
| Canadian Operations | $544.00M | $493.00M | $472.00M | $525.00M | $725.00M | $724.00M | $698.00M | $747.00M |
| Market Optimization | $2.50B | $2.39B | $2.27B | — | — | — | — | — |
| Total | $2.35B | $2.29B | $2.32B | $2.19B | $2.38B | $2.32B | $2.07B | $2.15B |
Market Optimization was previously reported and has since been discontinued or reclassified. Only currently active segments are shown in the chart.
Geographic Breakdown
Total Revenue at Other Companies
Frequently Asked Questions
- What is Ovintiv's total revenue?
- Ovintiv (OVV) reported total revenue of $2.53B in Q1 2026.
- How has Ovintiv's total revenue changed year-over-year?
- Ovintiv's total revenue increased by 6.5% year-over-year, from $2.38B to $2.53B.
- What is the long-term trend for Ovintiv's total revenue?
- Over 4 years (2021 to 2025), Ovintiv's total revenue has grown at a 0.7% compound annual growth rate (CAGR), from $8.66B to $8.91B.
- What does total revenue mean?
- The total amount of money a company brings in from its primary business activities before any expenses.