Discontinued — last reported Q4 '23
Geographic · Gain Loss From Price Risk Management Activity
US — Gain Loss From Price Risk Management Activity
Ovintiv US — Gain Loss From Price Risk Management Activity remained flat by 0.0% to $26.00M in Q4 2023 compared to the prior quarter. Year-over-year, this metric grew by 113.1%, from -$199.00M to $26.00M. Over 2 years (FY 2021 to FY 2023), US — Gain Loss From Price Risk Management Activity shows an upward trend with a -70.1% CAGR.
Analysis
StatementSegment
CategoryRisk
SignalContext dependent
VolatilityVolatile
First reportedQ1 2017
Last reportedQ4 2023Feb 27, 2024
Rolls up toEconomic foreign currency exchange contracts
How to read this metric
Gains indicate successful hedging in a falling market, while losses may occur when prices rise and hedges cap potential upside.
Detailed definition
This reflects the realized and unrealized gains or losses from derivative instruments used to hedge against commodity pr...
Peer comparison
Common across the energy sector; peers disclose this to show how they manage commodity price risk.
Metric ID:
ovv_segment_us_gain_loss_from_price_risk_management_activityHistorical Data
3 years
| FY'21 | FY'22 | FY'23 | |
|---|---|---|---|
| Value | -$1.16B | -$796.00M | $104.00M |
| YoY Change | — | +31.4% | +113.1% |
Range-$1.16B – $104.00M
CAGR-70.1%
Avg YoY Growth+72.2%
Median YoY Growth+72.2%
Current Streak2+ years growth
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Frequently Asked Questions
- What is Ovintiv's us — gain loss from price risk management activity?
- Ovintiv (OVV) reported us — gain loss from price risk management activity of $26.00M in Q4 2023.
- How has Ovintiv's us — gain loss from price risk management activity changed year-over-year?
- Ovintiv's us — gain loss from price risk management activity increased by 113.1% year-over-year, from -$199.00M to $26.00M.
- What is the long-term trend for Ovintiv's us — gain loss from price risk management activity?
- Over 2 years (2021 to 2023), Ovintiv's us — gain loss from price risk management activity has grown at a -70.1% compound annual growth rate (CAGR), from -$1.16B to $104.00M.
- What does us — gain loss from price risk management activity mean?
- The financial impact of hedging activities used to protect against changes in oil and gas prices.