Non-Current Liabilities
Operating Lease Liabilities
Ovintiv Operating Lease Liabilities increased by 5.8% to $1.17B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 5.6%, from $1.11B to $1.17B. Over 5 years (FY 2020 to FY 2025), Operating Lease Liabilities shows an upward trend with a 3.3% CAGR.
Analysis
StatementBalance Sheet Statement
SectionNon-Current Liabilities
CategoryLeverage
SignalContext dependent
VolatilityStable
First reportedQ4 2018
Last reportedQ1 2026May 11, 2026
How to read this metric
An increase indicates a growing commitment to long-term leased assets, which may be a strategic choice to avoid capital expenditure.
Detailed definition
This represents the portion of operating lease obligations that are due beyond the next twelve months. It reflects the l...
Peer comparison
Comparable across peers based on the extent to which they lease versus own their operational infrastructure.
Metric ID:
operating_lease_liabilities_non_currentHistorical Data
20 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $938M | $900M | $889M | $903M | $876M | $812M | $814M | $809M | $847M | $813M | $832M | $818M | $804M | $798M | $737M | $1.11B | $1.15B | $1.11B | $1.11B | $1.17B |
| QoQ Change | — | -4.1% | -1.2% | +1.6% | -3.0% | -7.3% | +0.2% | -0.6% | +4.7% | -4.0% | +2.3% | -1.7% | -1.7% | -0.7% | -7.6% | +50.2% | +3.6% | -3.7% | +0.0% | +5.8% |
| YoY Change | — | — | — | — | -6.6% | -9.8% | -8.4% | -10.4% | -3.3% | +0.1% | +2.2% | +1.1% | -5.1% | -1.8% | -11.4% | +35.3% | +42.7% | +38.5% | +49.9% | +5.6% |
Range$737M – $1.17B
CAGR+4.7%
Avg YoY Growth+7.4%
Median YoY Growth-0.9%
Current Streak2 quarters growth
Operating Lease Liabilities at Other Companies
Frequently Asked Questions
- What is Ovintiv's operating lease liabilities?
- Ovintiv (OVV) reported operating lease liabilities of $1.17B in Q1 2026.
- How has Ovintiv's operating lease liabilities changed year-over-year?
- Ovintiv's operating lease liabilities increased by 5.6% year-over-year, from $1.11B to $1.17B.
- What is the long-term trend for Ovintiv's operating lease liabilities?
- Over 5 years (2020 to 2025), Ovintiv's operating lease liabilities has grown at a 3.3% compound annual growth rate (CAGR), from $938M to $1.11B.
- What does operating lease liabilities mean?
- The portion of lease payments due after more than one year.