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Ovintiv Income Statement

Revenue, expenses, and profitability over time

Ovintiv generated $9.1B in trailing twelve-month revenue, down 0.0% year-over-year. Net income was $771.0M with a 8.51% net margin. Diluted EPS is $3.05, which grew 0.2% year-over-year. Based on the Q1 2026 filing.

Total Revenue (TTM)$9.1BOperating Income (TTM)$466.0MNet Income (TTM)$771.0MEps Diluted (TTM)$3.05
Latest FilingQ1 2026
Report Date2026-05-11
Market Cap$15.9B
P/E Ratio20.60
ROE7.13%

Cost of Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Production and delivery$216M$205M$219M$220M$218M$227M
Purchased Product Costs$381M$402M$440M$278M$327M$344M
Transportation And Processing Costs$399M$398M$435M$452M$439M$471M

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Depreciation and amortization$545M$545M$556M$545M$533M$561M
General and administrative$115M$93M$76M$78M$84M$112M
Impairment charges$450M$730M$0$141M$49M$1.5B
Total operating expenses$2.2B$2.5B$1.8B$1.8B$1.7B$3.3B

Earnings Per Share

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Basic earnings per share$0.00$-0.61$1.19$0.58$3.69$-2.35
Diluted earnings per share$0.00$-0.61$1.18$0.57$3.65$-2.35
Weighted-average shares, basic264.6M260.4M259M256.2M257.2M268.2M
Weighted-average shares, diluted267.4M260.4M260.1M258.1M259.7M268.2M

Income Before Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income before income taxes$0-$193M$399M$192M$372M-$827M

Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income tax expense—-$34M$92M$44M-$574M-$197M

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Interest expense$106M$97M$95M$91M$93M$104M
Other income (expense), net$5M$3M$5M$3M$35M$29M
Non Operating Income Expenses$103M$104M$112M$81M$64M$73M

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net income$0-$159M$307M$148M$946M-$630M

Operating Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Operating income$2M-$89M$511M$273M$436M-$754M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Asset Retirement Obligation Accretion Expense$5M$6M$8M$7M$7M$7M
Gain (Loss), Foreign Currency Transaction, before Tax—-$10M-$22M$7M-$6M$2M
Economic foreign currency exchange contracts—-$16M$87M$26M$75M-$63M
Other income, net (Note 6)$5M$3M$5M$3M$35M$29M
Revenue From Contract With Customer Excluding Assessed Tax$2.2B$2.4B$2.2B$2B$2.1B$2.6B
Taxes other than income taxes and other – net$75M$87M$73M$72M$54M$79M

Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Sublease Rental Revenues$19M$18M$17M$20M$18M$18M
Total revenue$2.2B$2.4B$2.3B$2.1B$2.1B$2.5B