What is Ovintiv's impairment charges?

Ovintiv (OVV) reported impairment charges of $1.49B in Q1 2026.

How has Ovintiv's impairment charges changed year-over-year?

Ovintiv's impairment charges increased by 103.4% year-over-year, from $730M to $1.49B.

What does impairment charges mean?

Write-downs of long-lived assets (excluding goodwill) when their carrying value exceeds fair value, including property, equipment, right-of-use assets, and other tangible assets.

Ovintiv OVV Impairment Charges

Impairment Charges at other companies

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$19M—

Orion Group HoldingsORN

$1.72M—

Sharplink, Inc. SBET

$191.67M—

JBG SMITH PropertiesJBGS

$1.5M-82.3%

Cousins PropertiesCUZ

$258.5K—

American Coastal Insurance CorporationACIC

$0—

Segments

By segment

See full

Usa Operations$49M—

Canadian Operations$0-100%

Other financials

Income statement

See full

Revenue$2.5B+6.5%

Operating income-$754.0M-747%

Net income-$630.0M-296%

EPS (diluted)-$2.35-285%

Balance sheet

See full

Cash & equivalents$26.0M+225%

Total debt$7.8B+15.6%

Total equity$11.6B+14.7%

Total assets$22.3B+13.7%

Cash flow

See full

Operating cash flow$1.1B+21.0%

CapEx$605.0M-1.9%

Free cash flow$451.0M+76.2%

Valuation

See full

Market cap$15.75B+48.2%

Enterprise value$23.54B+36.8%

P/E20.4×+4.2×

P/S1.7×+0.6×

Profitability

See full

Operating margin5.1%-5.7pp

Net margin8.5%+1.0pp

FCF margin18.8%+1.3pp

Returns & leverage

See full

Return on equity7.1%+0.4pp

Debt / equity0.7×0.0×

Current ratio0.6×+0.1×

Where this comes from

Reported directly by Ovintiv in its filing.

Tagged under the XBRL concept us-gaap:AssetImpairmentCharges.

The official record: Ovintiv’s 10-Q, filed May 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Ovintiv's impairment charges?: Ovintiv (OVV) reported impairment charges of $1.49B in Q1 2026.
How has Ovintiv's impairment charges changed year-over-year?: Ovintiv's impairment charges increased by 103.4% year-over-year, from $730M to $1.49B.
What does impairment charges mean?: Write-downs of long-lived assets (excluding goodwill) when their carrying value exceeds fair value, including property, equipment, right-of-use assets, and other tangible assets.