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Current Liabilities

Derivative Liabilities - Fair Value

Ovintiv Derivative Liabilities - Fair Value increased by 11950.0% to $241M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 423.9%, from $46M to $241M. Over 5 years (FY 2020 to FY 2025), Derivative Liabilities - Fair Value shows a downward trend with a -56.6% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.

Analysis

StatementBalance Sheet Statement
SectionCurrent Liabilities
CategoryRisk
SignalLower is better
VolatilityVolatile
First reportedQ4 2018
Last reportedQ1 2026May 11, 2026

How to read this metric

An increase in liability value suggests that market prices have moved against the company's hedge positions, potentially requiring future cash settlements.

Detailed definition

This represents the fair market value of derivative financial instruments that are in a net liability position at the re...

Peer comparison

Varies widely based on the hedging strategy and commodity price environment compared to industry peers.

Metric ID: derivative_liabilities_fair_value

Historical Data

20 periods
 Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Value$892M$1.42B$703M$1.7B$1.23B$577M$86M$45M$5M$182M$0$30M$7M$1M$107M$46M$7M$0$2M$241M
QoQ Change+59.0%-50.4%+141.7%-27.7%-53.0%-85.1%-47.7%-88.9%>999%-100.0%-76.7%-85.7%>999%-57.0%-84.8%-100.0%>999%
YoY Change+37.7%-59.3%-87.8%-97.4%-99.6%-68.5%-100.0%-33.3%+40.0%-99.5%+53.3%+0.0%-100.0%-98.1%+423.9%
Range$0$1.7B
CAGR-24.1%
Avg YoY Growth-19.2%
Median YoY Growth-68.5%

Frequently Asked Questions

What is Ovintiv's derivative liabilities - fair value?
Ovintiv (OVV) reported derivative liabilities - fair value of $241M in Q1 2026.
How has Ovintiv's derivative liabilities - fair value changed year-over-year?
Ovintiv's derivative liabilities - fair value increased by 423.9% year-over-year, from $46M to $241M.
What is the long-term trend for Ovintiv's derivative liabilities - fair value?
Over 5 years (2020 to 2025), Ovintiv's derivative liabilities - fair value has grown at a -56.6% compound annual growth rate (CAGR), from $130M to $2M.
What does derivative liabilities - fair value mean?
The current market value of financial hedges that are currently 'out of the money'.