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Ovintiv OVV US — Current Income Tax Expense Benefit

Other geography segments

CA
$25M

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Other financials

Income statement

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Revenue$3.0B+30.0%
Operating income$994.0M+94.5%
Net income$456.0M+48.5%
EPS (diluted)$1.62+37.3%

Balance sheet

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Cash & equivalents$700.0M+3,400%
Total debt$5.0B-23.8%
Total equity$11.5B+10.8%
Total assets$19.3B-2.3%

Cash flow

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Operating cash flow$1.6B+61.1%
CapEx$574.0M+10.2%
Free cash flow$1.1B+115%

Valuation

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Market cap$16.36B+48.4%
Enterprise value$20.69B+17.5%
P/E17.8×+0.9×
P/S1.7×+0.5×

Profitability

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Operating margin9.7%-0.6pp
Net margin9.4%+2.3pp
FCF margin23.2%+4.8pp

Returns & leverage

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Return on equity8.4%+2.1pp
Debt / equity0.4×-0.2×
Current ratio+0.6×

Where this comes from

Reported directly by Ovintiv in its filing.

Tagged under the XBRL concept us-gaap:CurrentIncomeTaxExpenseBenefit.

The official record: Ovintiv’s 10-Q, filed July 23, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Ovintiv's US — current income tax expense benefit?
Ovintiv (OVV) reported US — current income tax expense benefit of $6M in Q2 2026.
How has Ovintiv's US — current income tax expense benefit changed year-over-year?
Ovintiv's US — current income tax expense benefit increased by 500.0% year-over-year, from $1M to $6M.
What does US — current income tax expense benefit mean?
This represents the portion of the total income tax expense for the US segment that is payable to tax authorities in the current reporting period. It reflects the immediate cash tax impact of the segment's operational profitability.