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Ovintiv OVV Canadian Operations — Direct Operating Costs

Other segment segments

Usa Operations
$177M-5.9%

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EGYCanada — Production expense
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SLD
SLDPDirect Operating Costs1
$3.55M+31.6%

Other financials

Income statement

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Revenue$2.5B+6.5%
Operating income-$754.0M-747%
Net income-$630.0M-296%
EPS (diluted)-$2.35-285%

Balance sheet

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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

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Operating cash flow$1.1B+21.0%
CapEx$605.0M-1.9%
Free cash flow$451.0M+76.2%

Valuation

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Market cap$15.75B+48.2%
Enterprise value$23.54B+36.8%
P/E20.4×+4.2×
P/S1.7×+0.6×

Profitability

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Operating margin5.1%-5.7pp
Net margin8.5%+1.0pp
FCF margin18.8%+1.3pp

Returns & leverage

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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:DirectOperatingCosts.

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 canadian operations — direct operating costs?
Ovintiv (OVV) reported canadian operations — direct operating costs of $51M in Q1 2026.
How has Ovintiv's canadian operations — direct operating costs changed year-over-year?
Ovintiv's canadian operations — direct operating costs increased by 41.7% year-over-year, from $36M to $51M.
What is the long-term trend for Ovintiv's canadian operations — direct operating costs?
Over 4 years (2021 to 2025), Ovintiv's canadian operations — direct operating costs has grown at a 9.7% compound annual growth rate (CAGR), from $111M to $161M.
What does canadian operations — direct operating costs mean?
This represents the day-to-day cash expenses required to operate and maintain oil and gas wells, including labor, maintenance, and field-level utilities. It excludes transportation, processing, and corporate overhead. This is a primary indicator of the segment's operational efficiency and cost control.