Discontinued — last reported Q3 '24
Market Optimization — Operating Income
Ovintiv Market Optimization — Operating Income increased by 106.3% to $1.00M in Q3 2024 compared to the prior quarter. Year-over-year, this metric grew by 102.9%, from -$34.00M to $1.00M. Over 2 years (FY 2021 to FY 2023), Market Optimization — Operating Income shows a downward trend with a 10.2% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
A positive value indicates a profitable segment, while a negative value indicates that costs exceed revenues.
Detailed definition
The profit or loss generated by the market optimization segment after subtracting all operating expenses from total reve...
Peer comparison
Standard 'Operating Income' or 'EBIT' metric used to compare segment performance across the industry.
ovv_segment_market_optimization_operating_income_lossHistorical Data
| 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 | -$36.00M | -$37.00M | -$35.00M | -$33.00M | -$35.00M | -$34.00M | -$34.00M | -$33.00M | -$31.00M | -$34.00M | -$32.00M | -$32.00M | -$16.00M | $1.00M |
| QoQ Change | — | -2.8% | +5.4% | +5.7% | -6.1% | +2.9% | +0.0% | +2.9% | +6.1% | -9.7% | +5.9% | +0.0% | +50.0% | +106.3% |
| YoY Change | — | — | — | — | +2.8% | +8.1% | +2.9% | +0.0% | +11.4% | +0.0% | +5.9% | +3.0% | +48.4% | +102.9% |
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Frequently Asked Questions
- What is Ovintiv's market optimization — operating income?
- Ovintiv (OVV) reported market optimization — operating income of $1.00M in Q3 2024.
- How has Ovintiv's market optimization — operating income changed year-over-year?
- Ovintiv's market optimization — operating income increased by 102.9% year-over-year, from -$34.00M to $1.00M.
- What is the long-term trend for Ovintiv's market optimization — operating income?
- Over 2 years (2021 to 2023), Ovintiv's market optimization — operating income has grown at a 10.2% compound annual growth rate (CAGR), from -$107.00M to -$130.00M.
- What does market optimization — operating income mean?
- The profit or loss from the segment's operations.