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Ovintiv OVV CA — Current Income Tax Expense Benefit

Other geography segments

US
$1M

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Other financials

Income statement

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Revenue$3.0B+30.0%
Operating income$994.0M+94.5%
Net income$456.0M+48.5%
EPS (diluted)$1.62+37.3%

Balance sheet

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Cash & equivalents$700.0M+3,400%
Total debt$5.0B-23.8%
Total equity$11.5B+10.8%
Total assets$19.3B-2.3%

Cash flow

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Operating cash flow$1.6B+61.1%
CapEx$574.0M+10.2%
Free cash flow$1.1B+115%

Valuation

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Market cap$16.36B+48.4%
Enterprise value$20.69B+17.5%
P/E17.8×+0.9×
P/S1.7×+0.5×

Profitability

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Operating margin9.7%-0.6pp
Net margin9.4%+2.3pp
FCF margin23.2%+4.8pp

Returns & leverage

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Return on equity8.4%+2.1pp
Debt / equity0.4×-0.2×
Current ratio+0.6×

Where this comes from

Reported directly by Ovintiv in its filing.

Tagged under the XBRL concept us-gaap:CurrentIncomeTaxExpenseBenefit.

The official record: Ovintiv’s 10-Q, filed July 23, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Ovintiv's CA — current income tax expense benefit?
Ovintiv (OVV) reported CA — current income tax expense benefit of $16M in Q2 2026.
How has Ovintiv's CA — current income tax expense benefit changed year-over-year?
Ovintiv's CA — current income tax expense benefit decreased by 36.0% year-over-year, from $25M to $16M.
What is the long-term trend for Ovintiv's CA — current income tax expense benefit?
Over 3 years (2021 to 2024), Ovintiv's CA — current income tax expense benefit has grown at a -22.0% compound annual growth rate (CAGR), from -$156M to $74M.
What does CA — current income tax expense benefit mean?
Represents the actual income tax liability or benefit payable to tax authorities for the current period within the Canadian operations segment. This figure reflects the immediate cash tax impact of the segment's taxable income, excluding temporary differences. It is a key indicator of the segment's direct tax burden on its operational earnings.