Discontinued — last reported Q3 '24
Business Segments · Operating Expenses
Market Optimization — Operating Expenses
Ovintiv Market Optimization — Operating Expenses increased by 11.2% to $407.00M in Q3 2024 compared to the prior quarter. Year-over-year, this metric declined by 54.6%, from $897.00M to $407.00M. Over 2 years (FY 2021 to FY 2023), Market Optimization — Operating Expenses shows relatively stable performance with a -2.3% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementSegment
CategoryEfficiency
SignalLower is better
VolatilityVolatile
First reportedQ1 2017
Last reportedQ3 2024Nov 7, 2024
Rolls up toTotal Operating Expenses
How to read this metric
An increase without a corresponding rise in revenue indicates margin compression.
Detailed definition
The aggregate of all costs incurred to operate the market optimization segment, including purchased product costs, trans...
Peer comparison
Standard 'Total Operating Expenses' metric used to evaluate segment-level cost management.
Metric ID:
ovv_segment_market_optimization_operating_expensesHistorical Data
14 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $784.00M | $808.00M | $903.00M | $1.12B | $1.16B | $1.02B | $944.00M | $749.00M | $734.00M | $897.00M | $626.00M | $488.00M | $366.00M | $407.00M |
| QoQ Change | — | +3.1% | +11.8% | +23.5% | +4.2% | -12.1% | -7.5% | -20.7% | -2.0% | +22.2% | -30.2% | -22.0% | -25.0% | +11.2% |
| YoY Change | — | — | — | — | +48.2% | +26.4% | +4.5% | -32.8% | -36.8% | -12.1% | -33.7% | -34.8% | -50.1% | -54.6% |
Range$366.00M – $1.16B
CAGR-18.3%
Avg YoY Growth-17.6%
Median YoY Growth-33.3%
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Frequently Asked Questions
- What is Ovintiv's market optimization — operating expenses?
- Ovintiv (OVV) reported market optimization — operating expenses of $407.00M in Q3 2024.
- How has Ovintiv's market optimization — operating expenses changed year-over-year?
- Ovintiv's market optimization — operating expenses decreased by 54.6% year-over-year, from $897.00M to $407.00M.
- What is the long-term trend for Ovintiv's market optimization — operating expenses?
- Over 2 years (2021 to 2023), Ovintiv's market optimization — operating expenses has grown at a -2.3% compound annual growth rate (CAGR), from $3.15B to $3.01B.
- What does market optimization — operating expenses mean?
- Total costs to run the market optimization segment.