What is Ovintiv's ca — deferred income tax expense benefit?

Ovintiv (OVV) reported ca — deferred income tax expense benefit of $35.00M in Q1 2026.

How has Ovintiv's ca — deferred income tax expense benefit changed year-over-year?

Ovintiv's ca — deferred income tax expense benefit increased by 120.2% year-over-year, from -$173.00M to $35.00M.

What is the long-term trend for Ovintiv's ca — deferred income tax expense benefit?

Over 4 years (2021 to 2025), Ovintiv's ca — deferred income tax expense benefit has grown at a 138.8% compound annual growth rate (CAGR), from -$22.00M to -$716.00M.

What does ca — deferred income tax expense benefit mean?

The estimated future tax impact resulting from timing differences between accounting and tax reporting for the Canadian segment.

Geographic · Deferred Income Tax Expense Benefit

CA — Deferred Income Tax Expense Benefit

Ovintiv CA — Deferred Income Tax Expense Benefit increased by 106.9% to $35.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 120.2%, from -$173.00M to $35.00M. Over 4 years (FY 2021 to FY 2025), CA — Deferred Income Tax Expense Benefit shows a downward trend with a 138.8% CAGR.

Analysis

StatementSegment

CategoryProfitability

SignalContext dependent

VolatilityVolatile

First reportedQ1 2017

Last reportedQ1 2026May 11, 2026

Rolls up toDeferred Tax

How to read this metric

A large deferred tax benefit often signals significant capital investment or accelerated depreciation for tax purposes.

Detailed definition

Reflects the tax consequences of temporary differences between the carrying amounts of assets and liabilities for financ...

Peer comparison

Common in capital-intensive industries with significant depreciation and depletion schedules.

Metric ID: ovv_segment_ca_deferred_income_tax_expense_benefit

Historical 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	$0.00	$0.00	-$2.00M	$9.00M	$41.00M	$0.00	$188.00M	-$8.00M	-$18.00M	-$22.00M	-$56.00M	$0.00	$26.00M	$32.00M	-$142.00M	-$173.00M	$3.00M	-$40.00M	-$506.00M	$35.00M
QoQ Change	—	—	—	+550.0%	+355.6%	-100.0%	—	-104.3%	-125.0%	-22.2%	-154.5%	+100.0%	—	+23.1%	-543.8%	-21.8%	+101.7%	<-999%	<-999%	+106.9%
YoY Change	—	—	—	—	—	—	>999%	-188.9%	-143.9%	—	-129.8%	+100.0%	+244.4%	+245.5%	-153.6%	—	-88.5%	-225.0%	-256.3%	+120.2%

Range-$506.00M – $188.00M

Avg YoY Growth+752.0%

Median YoY Growth-109.1%

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Frequently Asked Questions

What is Ovintiv's ca — deferred income tax expense benefit?: Ovintiv (OVV) reported ca — deferred income tax expense benefit of $35.00M in Q1 2026.
How has Ovintiv's ca — deferred income tax expense benefit changed year-over-year?: Ovintiv's ca — deferred income tax expense benefit increased by 120.2% year-over-year, from -$173.00M to $35.00M.
What is the long-term trend for Ovintiv's ca — deferred income tax expense benefit?: Over 4 years (2021 to 2025), Ovintiv's ca — deferred income tax expense benefit has grown at a 138.8% compound annual growth rate (CAGR), from -$22.00M to -$716.00M.
What does ca — deferred income tax expense benefit mean?: The estimated future tax impact resulting from timing differences between accounting and tax reporting for the Canadian segment.