What is Ovintiv's usa operations — asset impairment charges?

Ovintiv (OVV) reported usa operations — asset impairment charges of $1.11B in Q1 2026.

What does usa operations — asset impairment charges mean?

Non-cash charges recognized when the carrying value of oil and gas properties exceeds their estimated fair value. This often occurs due to downward revisions in reserve estimates or sustained declines in commodity price forecasts.

Ovintiv OVV Usa Operations — Asset Impairment Charges

Other segment segments

Canadian Operations

$0-100%

Similar metrics at other companies

EVCAsset Impairment Charges Including Discontinued Operations

$26M-57.5%

TALOUS — Impairment Of Oil And Gas Properties

$145M—

EYEAsset Impairment Charges, Including Discontinued Operations

$0-100%

ORAImpairment Charges

$8.11M—

NBRAsset Impairment And Other Charges

$3.7M-65.4%

WESImpairment Charges

$608K+20,167%

Other financials

Income statement

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Revenue$2.5B+6.5%

Operating income-$754.0M-747%

Net income-$630.0M-296%

EPS (diluted)-$2.35-285%

Balance sheet

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Cash & equivalents$26.0M+225%

Total debt$7.8B+15.6%

Total equity$11.6B+14.7%

Total assets$22.3B+13.7%

Cash flow

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Operating cash flow$1.1B+21.0%

CapEx$605.0M-1.9%

Free cash flow$451.0M+76.2%

Valuation

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Market cap$15.75B+48.2%

Enterprise value$23.54B+36.8%

P/E20.4×+4.2×

P/S1.7×+0.6×

Profitability

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Operating margin5.1%-5.7pp

Net margin8.5%+1.0pp

FCF margin18.8%+1.3pp

Returns & leverage

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Return on equity7.1%+0.4pp

Debt / equity0.7×0.0×

Current ratio0.6×+0.1×

Where this comes from

Reported directly by Ovintiv in its filing.

Tagged under the XBRL concept us-gaap:AssetImpairmentCharges.

The official record: Ovintiv’s 10-Q, filed May 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Ovintiv's usa operations — asset impairment charges?: Ovintiv (OVV) reported usa operations — asset impairment charges of $1.11B in Q1 2026.
What does usa operations — asset impairment charges mean?: Non-cash charges recognized when the carrying value of oil and gas properties exceeds their estimated fair value. This often occurs due to downward revisions in reserve estimates or sustained declines in commodity price forecasts.