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Ovintiv OVV Q4 2025 Annual earnings

Reported February 23, 2026 · After market close

Revenue$2.1BBeat by $138.5MDiluted EPS$1.39Beat by $0.38
Revenue estimate$1.9B
EPS estimate$1.01

Next report

Date not yet announced

Financials

Q4 2025

Income statement

See full
Revenue$2.1B-1.9%
Operating income$436.0M+21,700%
Net income$946.0M—
EPS (diluted)$3.65—

Balance sheet

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Cash & equivalents$35.0M-16.7%
Total debt$6.4B+2.1%
Total equity$11.2B+8.4%
Total assets$20.4B+5.9%

Cash flow

See full
Operating cash flow$954.0M-6.5%
CapEx$465.0M-15.8%
Free cash flow$489.0M+4.5%

Valuation & ratios

Valuation

as of 12/31/25
See full
Market cap$9.93B-5.9%
Enterprise value$16.31B-2.9%
P/E8×-0.9×
P/S1.1×0.0×

Profitability

See full
Operating margin12.7%-4.6pp
Net margin13.9%+1.0pp
FCF margin16.9%+1.4pp

Returns & leverage

See full
Return on equity11.5%+0.1pp
Debt / equity0.6×0.0×
Current ratio0.5×0.0×

Segments

By product

See full
Oil One$775.0M-25.7%
Natural Gas Liquids Reserves$491.0M+13.1%
Natural Gas Reserves$439.0M+38.5%

Versus estimates

Revenue

Q2 2026$3.0BBeat by $645.7MQ1 2026$2.5BBeat by $148.6M
Q4 2025$2.1BBeat by $138.5M
Q3 2025$2.0BBeat by $37.9MQ2 2025$2.3BBeat by $414.2MQ1 2025$2.4BBeat by $386.5M

Diluted EPS

Q2 2026$1.74Miss by $0.20Q1 2026$2.00Beat by $0.15
Q4 2025$1.39Beat by $0.38
Q3 2025$1.03Beat by $0.08Q2 2025$1.02Miss by $0.02Q1 2025$1.42Beat by $0.50

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Questions, answered.

When did Ovintiv report Q4 2025 earnings?
Ovintiv (OVV) reported Q4 2025 earnings on February 23, 2026 after market close.
What were Ovintiv's Q4 2025 revenue and EPS?
Ovintiv reported revenue of $2.1B and diluted EPS of $1.39 for Q4 2025.
Did Ovintiv beat estimates in Q4 2025?
Revenue beat the consensus estimate of $1.9B by $138.5M. EPS beat the consensus estimate of $1.01 by $0.38.
How did Ovintiv's Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 5.3% from $2.2B a year earlier and diluted EPS grew 3.0% from $1.35.
Where can I find Ovintiv's Q4 2025 SEC filings?
You can read the 8-K/A earnings release (0001193125-26-061626) and the 10-K periodic report (0001193125-26-064309) directly on SEC EDGAR. The filing index links above go to sec.gov.