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Ovintiv OVV Q2 2026 earnings

Reported July 23, 2026 · After market close

Revenue$3.0BBeat by $645.7M
EPS$1.74Miss by $0.20
Revenue estimate$2.4B
EPS estimate$1.94
“Our second quarter results continued to demonstrate industry-leading performance across the board driven by our stacked innovation approach”
Ovintiv President

Next report

Nov 3, 2026 (in 2 months)
Revenue estimate$2.4B
EPS estimate$1.75

Financials

Q2 2026

Income statement

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Revenue$3.0B+30.0%
Operating income$994.0M+94.5%
Net income$456.0M+48.5%
EPS (diluted)$1.62+37.3%

Balance sheet

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Cash & equivalents$700.0M+3,400%
Total debt$5.0B-23.8%
Total equity$11.5B+10.8%
Total assets$19.3B-2.3%

Cash flow

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Operating cash flow$1.6B+61.1%
CapEx$574.0M+10.2%
Free cash flow$1.1B+115%

Valuation & ratios

Valuation

as of 09/17/26
See full
Market cap$17.36B+61.0%
Enterprise value$21.69B+24.9%
P/E18.9×+2.4×
P/S1.8×+0.6×

Profitability

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Operating margin9.7%-0.6pp
Net margin9.4%+2.3pp
FCF margin23.2%+4.8pp

Returns & leverage

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Return on equity8.4%+2.1pp
Debt / equity0.4×-0.2×
Current ratio1×+0.6×

Segments

By product

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Oil One$1.1B+35.2%
Natural Gas Liquids Reserves$862.0M+58.5%
Natural Gas Reserves$305.0M-19.3%
Natural Gas Gathering Processing And Other Service$4.0M-55.6%

By segment

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Usa Operations Excluding Intercompany Segment Transactions$1.8B—
Canadian Operations Excluding Intercompany Segment Transactions$1.1B—
Market Optimization Excluding Intercompany Segment Transactions$575.0M—

FAQ

When did Ovintiv report Q2 2026 earnings?
Ovintiv (OVV) reported Q2 2026 earnings on July 23, 2026 after market close.
What were Ovintiv's Q2 2026 revenue and EPS?
Ovintiv reported revenue of $3.0B and eps of $1.74 for Q2 2026.
Did Ovintiv beat estimates in Q2 2026?
Revenue beat the consensus estimate of $2.4B by $645.7M. EPS missed the consensus estimate of $1.94 by $0.20.
How did Ovintiv's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 30.0% from $2.3B a year earlier and eps grew 70.6% from $1.02.
Where can I find Ovintiv's Q2 2026 SEC filings?
You can read the 8-K earnings release (0001193125-26-314272) and the 10-Q periodic report (0001193125-26-314501) directly on SEC EDGAR. The filing index links above go to sec.gov.