Geographic · Current Income Tax Expense Benefit
US — Current Income Tax Expense Benefit
Ovintiv US — Current Income Tax Expense Benefit increased by 109.1% to $1.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 90.9%, from $11.00M to $1.00M. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementSegment
CategoryProfitability
SignalLower is better
VolatilityModerate
First reportedQ1 2017
Last reportedQ1 2026May 11, 2026
Rolls up toIncome Tax
How to read this metric
An increase suggests higher taxable income, while a decrease may indicate lower profitability or the utilization of tax credits.
Detailed definition
This represents the portion of the total income tax expense for the US segment that is payable to tax authorities in the...
Peer comparison
Standard line item in segment reporting for multinational energy companies.
Metric ID:
ovv_segment_us_current_income_tax_expense_benefitHistorical Data
19 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 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $0.00 | $0.00 | $0.00 | $3.00M | $7.00M | $0.00 | $0.00 | $0.00 | $8.00M | $3.00M | $1.00M | $14.00M | $10.00M | $16.00M | $11.00M | $1.00M | -$7.00M | -$11.00M | $1.00M |
| QoQ Change | — | — | — | — | +133.3% | -100.0% | — | — | — | -62.5% | -66.7% | >999% | -28.6% | +60.0% | -31.3% | -90.9% | -800.0% | -57.1% | +109.1% |
| YoY Change | — | — | — | — | — | — | — | -100.0% | +14.3% | — | — | — | +25.0% | +433.3% | -21.4% | -90.0% | -143.8% | — | -90.9% |
Range-$11.00M – $16.00M
Avg YoY Growth+3.3%
Median YoY Growth-55.7%
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Frequently Asked Questions
- What is Ovintiv's us — current income tax expense benefit?
- Ovintiv (OVV) reported us — current income tax expense benefit of $1.00M in Q1 2026.
- How has Ovintiv's us — current income tax expense benefit changed year-over-year?
- Ovintiv's us — current income tax expense benefit decreased by 90.9% year-over-year, from $11.00M to $1.00M.
- What does us — current income tax expense benefit mean?
- The actual income tax owed by the US segment for the current year.