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Ovintiv OVV US — Deferred Income Tax Expense Benefit

Other geography segments

CA
$3M

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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:DeferredIncomeTaxExpenseBenefit.

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 — deferred income tax expense benefit?
Ovintiv (OVV) reported US — deferred income tax expense benefit of -$39M in Q2 2026.
How has Ovintiv's US — deferred income tax expense benefit changed year-over-year?
Ovintiv's US — deferred income tax expense benefit decreased by 161.9% year-over-year, from $63M to -$39M.
What is the long-term trend for Ovintiv's US — deferred income tax expense benefit?
Over 3 years (2021 to 2024), Ovintiv's US — deferred income tax expense benefit has grown at a 510.9% compound annual growth rate (CAGR), from $1M to $228M.
What does US — deferred income tax expense benefit mean?
This reflects the tax effects of temporary differences between the financial reporting carrying amounts of assets and liabilities and their tax bases within the US segment. It represents future tax consequences that will be settled as those differences reverse over time.