What is Ovintiv's operating income?

Ovintiv (OVV) reported operating income of -$754M in Q1 2026.

How has Ovintiv's operating income changed year-over-year?

Ovintiv's operating income decreased by 747.2% year-over-year, from -$89M to -$754M.

What is the long-term trend for Ovintiv's operating income?

Over 4 years (2021 to 2025), Ovintiv's operating income has grown at a -7.1% compound annual growth rate (CAGR), from $1.52B to $1.13B.

What does operating income mean?

Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

Ovintiv OVV Operating Income

Operating Income at other companies

Cabot CorporationCBT

$129M-20.4%

Travel + LeisureTNL

$159M+1.9%

HES

Hess MidstreamHESM

$238.1M+0.3%

TrueblueTBI

-$17.85M-26.4%

StoneridgeSRI

-$8.98M-108%

Global Water ResourcesGWRS

$389K-69.0%

Segments

By segment

See full

Usa Operations$312M-38.3%

Canadian Operations-$35M-158%

Other financials

Income statement

See full

Revenue$2.5B+6.5%

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$15.82B+50.4%

Enterprise value$23.61B+38.1%

P/E20.5×+4.5×

P/S1.8×+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:OperatingIncomeLoss.

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 operating income?: Ovintiv (OVV) reported operating income of -$754M in Q1 2026.
How has Ovintiv's operating income changed year-over-year?: Ovintiv's operating income decreased by 747.2% year-over-year, from -$89M to -$754M.
What is the long-term trend for Ovintiv's operating income?: Over 4 years (2021 to 2025), Ovintiv's operating income has grown at a -7.1% compound annual growth rate (CAGR), from $1.52B to $1.13B.
What does operating income mean?: Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.