PP&E (Net)
Ovintiv PP&E (Net) increased by 11.8% to $15.93B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 11.6%, from $14.27B to $15.93B. Over 5 years (FY 2020 to FY 2025), PP&E (Net) shows an upward trend with a 8.6% CAGR.
Analysis
How to read this metric
An increase indicates ongoing investment in physical capacity, whereas a decline may suggest aging assets or a strategy of asset-light operations.
Detailed definition
This metric represents the book value of tangible assets after subtracting accumulated depreciation from the total histo...
Peer comparison
Standard line item for all manufacturing and industrial companies; directly comparable across peers.
property_plant_equipment_netHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $8.54B | $8.59B | $8.76B | $8.98B | $9.19B | $9.05B | $9.47B | $9.91B | $14.22B | $14.52B | $14.64B | $14.81B | $14.84B | $14.82B | $14.36B | $14.27B | $14.38B | $14.12B | $14.24B | $15.93B |
| QoQ Change | — | +0.6% | +2.0% | +2.5% | +2.3% | -1.5% | +4.6% | +4.7% | +43.4% | +2.1% | +0.9% | +1.1% | +0.2% | -0.2% | -3.1% | -0.6% | +0.8% | -1.8% | +0.9% | +11.8% |
| YoY Change | — | — | — | — | +7.7% | +5.4% | +8.1% | +10.3% | +54.6% | +60.3% | +54.6% | +49.4% | +4.4% | +2.1% | -1.9% | -3.6% | -3.1% | -4.7% | -0.8% | +11.6% |
Business Segments
| Segment | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 |
|---|---|---|---|---|---|---|---|---|
| Usa Operations | $13.27B | $13.29B | $13.23B | $13.26B | $11.45B | $11.42B | $11.46B | $11.61B |
| Canadian Operations | $1.39B | $1.42B | $1.45B | $970.00M | $2.70B | $2.83B | $2.55B | $2.52B |
| Market Optimization | $0.00 | $0.00 | $0.00 | — | — | — | — | — |
| Total | $14.81B | $14.84B | $14.82B | $14.36B | $14.27B | $14.38B | $14.12B | $14.24B |
Market Optimization was previously reported and has since been discontinued or reclassified. Only currently active segments are shown in the chart.
Geographic Breakdown
PP&E (Net) at Other Companies
Frequently Asked Questions
- What is Ovintiv's pp&e (net)?
- Ovintiv (OVV) reported pp&e (net) of $15.93B in Q1 2026.
- How has Ovintiv's pp&e (net) changed year-over-year?
- Ovintiv's pp&e (net) increased by 11.6% year-over-year, from $14.27B to $15.93B.
- What is the long-term trend for Ovintiv's pp&e (net)?
- Over 5 years (2020 to 2025), Ovintiv's pp&e (net) has grown at a 8.6% compound annual growth rate (CAGR), from $9.45B to $14.24B.
- What does pp&e (net) mean?
- The current book value of physical assets after accounting for wear and tear.