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Ovintiv OVV Canadian Operations — Operating Income

Other segment segments

Usa Operations
$312M-38.3%

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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$15.82B+50.4%
Enterprise value$23.61B+38.1%
P/E20.5×+4.5×
P/S1.8×+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: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 canadian operations — operating income?
Ovintiv (OVV) reported canadian operations — operating income of $8M in Q1 2026.
How has Ovintiv's canadian operations — operating income changed year-over-year?
Ovintiv's canadian operations — operating income increased by 101.5% year-over-year, from -$530M to $8M.
What is the long-term trend for Ovintiv's canadian operations — operating income?
Over 3 years (2021 to 2024), Ovintiv's canadian operations — operating income has grown at a -66.7% compound annual growth rate (CAGR), from $734M to -$27M.
What does canadian operations — operating income mean?
This metric represents the net profitability of the Canadian exploration and production segment after accounting for all operating expenses, including transportation, processing, and production costs. It serves as a primary indicator of the operational efficiency and margin performance of the company's Canadian asset base.