Total Operating Expenses
Ovintiv Total Operating Expenses increased by 92.1% to $3.29B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 33.3%, from $2.47B to $3.29B. Over 4 years (FY 2021 to FY 2025), Total Operating Expenses shows relatively stable performance with a 2.2% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
An increase faster than revenue growth suggests declining operating margins, while slower growth indicates effective cost control.
Detailed definition
Total operating expenses represent the sum of all costs incurred to operate the business, excluding the cost of goods so...
Peer comparison
Used to calculate operating margin; peers in the healthcare sector monitor this closely to manage profitability against R&D requirements.
total_operating_expensesHistorical 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 | $1.81B | $1.79B | $1.89B | $2.17B | $2.22B | $2.18B | $2.05B | $1.87B | $1.99B | $2.18B | $1.98B | $1.86B | $1.73B | $1.80B | $2.19B | $2.47B | $1.81B | $1.79B | $1.71B | $3.29B |
| QoQ Change | — | -1.3% | +5.9% | +14.4% | +2.4% | -2.0% | -5.9% | -8.5% | +6.0% | +9.9% | -9.3% | -6.1% | -6.8% | +3.8% | +21.6% | +12.8% | -26.7% | -0.8% | -4.6% | +92.1% |
| YoY Change | — | — | — | — | +22.4% | +21.6% | +8.1% | -13.6% | -10.5% | +0.3% | -3.4% | -0.8% | -12.8% | -17.6% | +10.5% | +32.7% | +4.3% | -0.2% | -21.7% | +33.3% |
Business Segments
| Segment | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 |
|---|---|---|---|---|---|---|---|---|
| Usa Operations | $1.34B | $1.25B | $1.30B | $1.21B | $1.11B | $1.12B | $970.00M | $1.05B |
| Canadian Operations | $402.00M | $399.00M | $412.00M | $848.00M | $1.26B | $593.00M | $733.00M | $563.00M |
| Market Optimization | $488.00M | $366.00M | $407.00M | — | — | — | — | — |
| Total | $1.86B | $1.73B | $1.80B | $2.19B | $2.47B | $1.81B | $1.79B | $1.71B |
Market Optimization was previously reported and has since been discontinued or reclassified. Only currently active segments are shown in the chart.
Total Operating Expenses at Other Companies
Frequently Asked Questions
- What is Ovintiv's total operating expenses?
- Ovintiv (OVV) reported total operating expenses of $3.29B in Q1 2026.
- How has Ovintiv's total operating expenses changed year-over-year?
- Ovintiv's total operating expenses increased by 33.3% year-over-year, from $2.47B to $3.29B.
- What is the long-term trend for Ovintiv's total operating expenses?
- Over 4 years (2021 to 2025), Ovintiv's total operating expenses has grown at a 2.2% compound annual growth rate (CAGR), from $7.14B to $7.78B.
- What does total operating expenses mean?
- The total cost of running the business, including all non-production expenses.