What is Ovintiv's usa operations — sublease rental revenues?

Ovintiv (OVV) reported usa operations — sublease rental revenues of $0 in Q1 2026.

What does usa operations — sublease rental revenues mean?

Income derived from leasing out excess capacity or unused assets, such as equipment or facilities, to third parties within the USA operations segment. This represents non-core revenue generated from the company's existing asset base.

Ovintiv OVV Usa Operations — Sublease Rental Revenues

Other segment segments

Canadian Operations

$0—

Similar metrics at other companies

EQPTEquipment rental revenue — Sublease income

$351M+43.3%

ENSGRental revenue — Sublease income

$1.14M+2.5%

CNVSSublease Income

$0-100%

CHE

CHESublease Income

$31K-13.9%

BURLSublease Income — Revenue

$2.02M-10.8%

JAK

JAKKSublease Income

$700K+75.0%

Other financials

Income statement

See full

Revenue$2.5B+6.5%

Operating income-$754.0M-747%

Net income-$630.0M-296%

EPS (diluted)-$2.35-285%

Balance sheet

See full

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

See full

Operating cash flow$1.1B+21.0%

CapEx$605.0M-1.9%

Free cash flow$451.0M+76.2%

Valuation

See full

Market cap$15.75B+48.2%

Enterprise value$23.54B+36.8%

P/E20.4×+4.2×

P/S1.7×+0.6×

Profitability

See full

Operating margin5.1%-5.7pp

Net margin8.5%+1.0pp

FCF margin18.8%+1.3pp

Returns & leverage

See full

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 ovv:SubleaseRentalRevenues.

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 — sublease rental revenues?: Ovintiv (OVV) reported usa operations — sublease rental revenues of $0 in Q1 2026.
What does usa operations — sublease rental revenues mean?: Income derived from leasing out excess capacity or unused assets, such as equipment or facilities, to third parties within the USA operations segment. This represents non-core revenue generated from the company's existing asset base.