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Ovintiv (OVV) Financials

Ovintiv logo
$58.75 +0.01 (+0.02%)
Closing price 05/22/2026 03:59 PM Eastern
Extended Trading
$58.76 +0.01 (+0.01%)
As of 05/22/2026 07:58 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for Ovintiv

Annual Income Statements for Ovintiv

This table shows Ovintiv's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 827 1,069 234 -6,097 1,416 3,637 2,085 1,125 1,242
Consolidated Net Income / (Loss)		 827 1,069 234 -6,097 1,416 3,637 2,085 1,125 1,242
Net Income / (Loss) Continuing Operations		 827 1,069 234 -6,097 1,416 3,637 2,085 1,125 1,242
Total Pre-Tax Income 		1,430 1,163 315 -5,730 1,239 3,560 2,510 1,351 770
Total Operating Income		 1,068 1,694 598 -5,397 1,519 3,853 2,864 1,579 1,131
Total Gross Profit		 2,810 3,756 3,393 3,219 3,466 6,623 6,302 5,967 5,737
Total Revenue		 4,443 5,939 6,726 6,087 8,658 12,464 10,883 9,152 8,908
Operating Revenue		 4,443 5,939 6,726 6,087 8,658 12,464 10,883 9,152 8,908
Total Cost of Revenue		 1,633 2,183 3,333 2,868 5,192 5,841 4,581 3,185 3,171
Operating Cost of Revenue		 1,633 2,183 3,333 2,868 5,192 5,841 4,581 3,185 3,171
Total Operating Expenses		 1,742 2,062 2,795 8,616 1,947 2,770 3,438 4,388 4,606
Selling, General & Admin Expense		 254 157 489 395 442 422 393 365 331
Depreciation Expense		 833 1,272 2,015 1,834 1,190 1,113 1,825 2,290 2,179
Other Operating Expenses / (Income)		 655 633 291 807 315 1,235 1,220 1,283 1,176
Impairment Charge		 - 0.00 0.00 5,580 - 0.00 0.00 450 920
Total Other Income / (Expense), net		 362 -531 -283 -333 -280 -293 -354 -228 -361
Interest Expense		 363 351 382 371 340 311 355 412 376
Other Income / (Expense), net		 725 -180 99 38 60 18 1.00 184 15
Income Tax Expense		 603 94 81 367 -177 -77 425 226 -472
Basic Earnings per Share		 $4.25 $5.57 $0.90 ($23.47) $5.44 $14.34 $8.02 $4.25 $4.83
Weighted Average Basic Shares Outstanding		 194.60M 192M 261.20M 259.80M 260.40M 253.60M 259.90M 264.60M 257.20M
Diluted Earnings per Share		 $4.25 $5.57 $0.90 ($23.47) $5.32 $14.08 $7.90 $4.21 $4.78
Weighted Average Diluted Shares Outstanding		 194.60M 192M 261.20M 259.80M 266.40M 258.40M 263.90M 267.40M 259.70M
Weighted Average Basic & Diluted Shares Outstanding		 194.60M 192M 261.20M 259.86M 256.77M 243.64M 269.52M 260.32M 283.34M
Cash Dividends to Common per Share		 $0.30 $0.30 $0.38 $0.38 $0.47 $0.95 $1.15 $1.20 $1.20

Quarterly Income Statements for Ovintiv

This table shows Ovintiv's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 406 856 338 340 507 -60 -159 307 148 946 -630
Consolidated Net Income / (Loss)		 406 856 338 340 507 -60 -159 307 148 946 -630
Net Income / (Loss) Continuing Operations		 406 856 338 340 507 -60 -159 307 148 946 -630
Total Pre-Tax Income 		393 1,067 428 466 558 -101 -193 399 192 372 -827
Total Operating Income		 467 1,188 494 556 527 2.00 -89 511 273 436 -754
Total Gross Profit		 1,370 1,305 1,250 1,542 1,289 1,888 1,372 1,224 1,336 1,600 1,717
Total Revenue		 2,649 3,166 2,352 2,288 2,324 2,188 2,377 2,318 2,066 2,147 2,532
Operating Revenue		 2,649 3,166 2,352 2,288 2,324 2,188 2,377 2,318 2,066 2,147 2,532
Total Cost of Revenue		 1,279 1,861 1,102 746 1,035 300 1,005 1,094 730 547 815
Operating Cost of Revenue		 1,279 1,861 1,102 746 1,035 300 1,005 1,094 730 547 815
Total Operating Expenses		 903 117 756 986 762 1,886 1,461 713 1,063 1,164 2,471
Selling, General & Admin Expense		 80 87 102 76 72 115 93 76 78 84 112
Depreciation Expense		 486 556 566 580 599 545 545 556 545 533 561
Other Operating Expenses / (Income)		 337 -526 88 330 91 776 93 81 299 498 313
Impairment Charge		 - - 0.00 0.00 0.00 - 730 0.00 141 49 1,485
Total Other Income / (Expense), net		 -74 -121 -66 -90 31 -103 -104 -112 -81 -64 -73
Interest Expense		 98 106 98 105 103 106 97 95 91 93 104
Other Income / (Expense), net		 24 -15 32 15 134 3.00 -7.00 -17 10 29 31
Income Tax Expense		 -13 211 90 126 51 -41 -34 92 44 -574 -197
Basic Earnings per Share		 $1.48 $3.20 $1.25 $1.28 $1.93 ($0.21) ($0.61) $1.19 $0.58 $3.67 ($2.35)
Weighted Average Basic Shares Outstanding		 273.70M 259.90M 269.70M 266.20M 262.10M 264.60M 260.40M 259M 256.20M 257.20M 268.20M
Diluted Earnings per Share		 $1.47 $3.12 $1.24 $1.27 $1.92 ($0.22) ($0.61) $1.18 $0.57 $3.64 ($2.35)
Weighted Average Diluted Shares Outstanding		 276.30M 263.90M 272.30M 268.10M 264M 267.40M 260.40M 260.10M 258.10M 259.70M 268.20M
Weighted Average Basic & Diluted Shares Outstanding		 272.90M 269.52M 266.98M 263.61M 260.32M 260.32M 259.82M 257.04M 253.26M 283.34M 281.02M

Annual Cash Flow Statements for Ovintiv

This table details how cash moves in and out of Ovintiv's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 -115 339 -868 -180 185 -190 -2.00 39 -7.00
Net Cash From Operating Activities		 1,050 2,300 2,921 1,895 3,129 3,866 4,167 3,721 3,652
Net Cash From Continuing Operating Activities		 1,050 2,300 2,921 1,895 3,129 3,866 4,167 3,721 3,652
Net Income / (Loss) Continuing Operations		 827 1,069 234 -6,097 1,416 3,637 2,085 1,125 1,242
Consolidated Net Income / (Loss)		 827 1,069 234 -6,097 1,416 3,637 2,085 1,125 1,242
Depreciation Expense		 833 1,272 2,015 1,834 1,190 1,113 1,825 2,290 2,179
Non-Cash Adjustments To Reconcile Net Income		 -983 -375 588 5,811 624 -553 -155 483 878
Changes in Operating Assets and Liabilities, net		 373 334 84 347 -101 -331 412 -177 -647
Net Cash From Investing Activities		 -1,037 -1,555 -2,556 -1,864 -525 -1,786 -5,519 -2,457 -2,884
Net Cash From Continuing Investing Activities		 -1,037 -1,555 -2,556 -1,864 -525 -1,786 -5,519 -2,457 -2,884
Purchase of Property, Plant & Equipment		 -1,796 -1,975 -2,626 -1,736 -1,519 -1,831 -2,744 -2,303 -2,147
Acquisitions		 -54 -17 29 - 0.00 -286 -3,225 12 0.00
Sale of Property, Plant & Equipment		 736 493 197 89 1,025 228 772 163 1,927
Divestitures		 - - - - - - -277 -205 -2,537
Other Investing Activities, net		 77 -56 -156 -217 -31 103 -45 -124 -127
Net Cash From Financing Activities		 -139 -396 -1,238 -206 -2,419 -2,268 1,359 -1,231 -762
Net Cash From Continuing Financing Activities		 -139 -396 -1,238 -206 -2,419 -2,268 1,359 -1,231 -762
Repayment of Debt		 0.00 0.00 198 -272 -1,137 -1,241 -77 -34 -498
Repurchase of Common Equity		 0.00 -250 -1,250 0.00 -111 -719 -426 -597 -307
Payment of Dividends		 -57 -56 -102 -97 -122 -239 -307 -316 -308
Issuance of Debt		 - - - 252 -950 0.00 2,169 -284 351
Other Net Changes in Cash		 - - - - - - -9.00 6.00 -13

Quarterly Cash Flow Statements for Ovintiv

This table details how cash moves in and out of Ovintiv's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 -49 - 2.00 3.00 51 -17 -34 12 5.00 10 -9.00
Net Cash From Operating Activities		 906 1,362 659 1,020 1,022 1,020 873 1,013 812 954 1,056
Net Cash From Continuing Operating Activities		 906 1,362 659 1,020 1,022 1,020 873 1,013 812 954 1,056
Net Income / (Loss) Continuing Operations		 406 856 338 340 507 -60 -159 307 148 946 -630
Consolidated Net Income / (Loss)		 406 856 338 340 507 -60 -159 307 148 946 -630
Depreciation Expense		 486 556 566 580 599 545 545 556 545 533 561
Non-Cash Adjustments To Reconcile Net Income		 298 -286 73 2.00 -149 557 695 -16 172 27 1,518
Changes in Operating Assets and Liabilities, net		 -284 236 -318 98 65 -22 -208 166 -53 -552 -393
Net Cash From Investing Activities		 -854 -794 -761 -641 -516 -539 -895 -558 -453 -978 -1,738
Net Cash From Continuing Investing Activities		 -854 -794 -761 -641 -516 -539 -895 -558 -453 -978 -1,738
Purchase of Property, Plant & Equipment		 -834 -660 -591 -622 -538 -552 -617 -521 -544 -465 -605
Acquisitions		 -59 273 -178 -5.00 -7.00 202 0.00 2,310 - - -1,199
Sale of Property, Plant & Equipment		 12 31 2.00 2.00 3.00 156 1,884 12 26 5.00 7.00
Other Investing Activities, net		 27 -438 6.00 -16 26 -345 148 -2,359 65 2,019 59
Net Cash From Financing Activities		 -101 -562 102 -376 -453 -504 -12 -430 -358 38 672
Net Cash From Continuing Financing Activities		 -101 -562 102 -376 -453 -504 -12 -430 -358 38 672
Repayment of Debt		 29 -316 461 -111 -210 -140 -19 -685 - 102 841
Repurchase of Common Equity		 -45 -53 -250 -184 -163 - 0.00 -147 -160 - -84
Payment of Dividends		 -82 -82 -80 -80 -78 -78 -78 -77 -77 -76 -85
Effect of Exchange Rate Changes		 - - 2.00 - - - - -13 4.00 - 1.00

Annual Balance Sheets for Ovintiv

This table presents Ovintiv's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 15,344 21,487 14,469 14,055 15,056 19,987 19,254 20,390
Total Current Assets		 2,676 1,869 1,247 1,587 1,695 1,676 1,369 1,523
Cash & Equivalents		 1,058 190 10 195 5.00 3.00 42 35
Short-Term Investments		 - - - - - - 0.00 245
Accounts Receivable		 789 1,235 928 1,294 1,594 1,442 1,183 1,128
Current Deferred & Refundable Income Taxes		 275 296 272 97 43 17 36 29
Other Current Assets		 554 148 37 1.00 53 214 108 86
Plant, Property, & Equipment, net		 8,972 15,191 9,450 8,761 9,468 14,640 14,364 14,244
Plant, Property & Equipment, gross		 47,093 55,828 57,756 58,322 59,108 66,477 67,638 71,431
Accumulated Depreciation		 38,121 40,637 48,306 49,561 49,640 51,837 53,274 57,187
Total Noncurrent Assets		 3,696 4,427 3,772 3,707 3,893 3,671 3,521 4,623
Goodwill		 2,553 2,611 2,625 2,628 2,584 2,599 2,546 2,576
Noncurrent Deferred & Refundable Income Taxes		 835 601 - 0.00 271 53 10 744
Other Noncurrent Operating Assets		 308 1,215 1,147 1,079 1,038 1,019 965 1,303
Total Liabilities & Shareholders' Equity		 15,344 21,487 14,469 14,055 15,056 19,987 19,254 20,390
Total Liabilities		 7,897 11,557 10,632 8,981 7,367 9,617 8,923 9,195
Total Current Liabilities		 2,016 2,432 2,423 2,748 2,780 2,812 2,681 2,795
Short-Term Debt		 500 0.00 518 0.00 393 284 600 810
Accounts Payable		 1,490 2,239 1,704 1,979 2,221 2,209 1,883 1,861
Current Deferred & Payable Income Tax Liabilities		 1.00 1.00 3.00 4.00 4.00 232 9.00 5.00
Other Current Liabilities		 25 192 198 765 162 87 189 119
Total Noncurrent Liabilities		 5,881 9,125 8,209 6,233 4,587 6,805 6,242 6,400
Long-Term Debt		 3,698 6,974 6,367 4,786 3,177 5,453 4,853 4,392
Asset Retirement Reserve & Litigation Obligation		 365 425 401 339 281 276 315 388
Noncurrent Deferred & Payable Income Tax Liabilities		 27 217 20 4.00 184 110 202 402
Other Noncurrent Operating Liabilities		 1,791 1,509 1,421 1,104 945 966 872 1,218
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 7,447 9,930 3,837 5,074 7,689 10,370 10,331 11,195
Total Preferred & Common Equity		 7,447 9,930 3,837 5,074 7,689 10,370 10,331 11,195
Total Common Equity		 7,447 9,930 3,837 5,074 7,689 10,370 10,331 11,195
Common Stock		 6,014 8,463 8,534 8,461 7,779 8,623 8,048 7,782
Retained Earnings		 435 421 -5,773 -4,479 -1,081 697 1,506 2,440
Accumulated Other Comprehensive Income / (Loss)		 998 1,046 1,076 1,092 991 1,050 777 973

Quarterly Balance Sheets for Ovintiv

This table presents Ovintiv's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 14,374 15,123 19,519 19,900 19,834 19,809 19,859 19,614 19,734 19,388 22,294
Total Current Assets		 1,702 1,395 1,479 1,581 1,452 1,400 1,507 1,350 1,244 1,174 1,814
Cash & Equivalents		 18 26 52 3.00 5.00 8.00 9.00 8.00 20 25 26
Short-Term Investments		 - - - - - - - - - - 0.00
Accounts Receivable		 1,626 1,277 1,253 1,524 1,270 1,208 1,290 1,240 1,121 1,059 1,481
Current Deferred & Refundable Income Taxes		 57 3.00 7.00 4.00 31 67 64 22 5.00 13 81
Other Current Assets		 1.00 89 167 50 146 117 144 80 98 77 226
Plant, Property, & Equipment, net		 9,053 9,911 14,217 14,515 14,808 14,844 14,817 14,271 14,383 14,123 15,929
Plant, Property & Equipment, gross		 58,233 59,928 64,992 65,450 66,831 67,291 68,080 68,833 70,376 70,453 74,855
Accumulated Depreciation		 49,180 50,017 50,775 50,935 52,023 52,447 53,263 54,562 55,993 56,330 58,926
Total Noncurrent Assets		 3,619 3,817 3,823 3,804 3,574 3,565 3,535 3,993 4,107 4,091 4,551
Goodwill		 2,576 2,584 2,598 2,585 2,583 2,577 2,586 2,546 2,579 2,566 2,843
Noncurrent Deferred & Refundable Income Taxes		 - 221 157 199 0.00 0.00 0.00 184 190 227 155
Other Noncurrent Operating Assets		 1,043 1,012 1,068 1,020 991 988 949 1,263 1,338 1,298 1,553
Total Liabilities & Shareholders' Equity		 14,374 15,123 19,519 19,900 19,834 19,809 19,859 19,614 19,734 19,388 22,294
Total Liabilities		 7,824 7,229 10,203 10,348 9,572 9,481 9,204 9,534 9,357 9,154 10,736
Total Current Liabilities		 3,309 2,632 3,310 3,543 2,783 3,200 2,892 3,164 2,874 2,637 3,213
Short-Term Debt		 440 580 680 709 745 1,234 1,024 1,144 940 819 877
Accounts Payable		 2,216 1,872 2,443 2,420 1,920 1,872 1,777 1,858 1,801 1,678 1,925
Current Deferred & Payable Income Tax Liabilities		 7.00 47 97 151 10 2.00 4.00 14 18 28 41
Other Current Liabilities		 646 133 90 263 108 92 87 148 115 112 370
Total Noncurrent Liabilities		 4,515 4,597 6,893 6,805 6,789 6,281 6,312 6,370 6,483 6,517 7,523
Long-Term Debt		 3,178 3,176 5,454 5,454 5,453 4,853 4,853 4,394 4,393 4,393 5,521
Asset Retirement Reserve & Litigation Obligation		 229 276 283 267 269 261 263 427 438 433 427
Noncurrent Deferred & Payable Income Tax Liabilities		 135 198 184 143 113 216 239 298 359 432 182
Other Noncurrent Operating Liabilities		 973 947 972 941 954 951 957 1,251 1,293 1,259 1,393
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 6,550 7,894 9,316 9,552 10,262 10,328 10,655 10,080 10,377 10,234 11,558
Total Preferred & Common Equity		 6,550 7,894 9,316 9,552 10,262 10,328 10,655 10,080 10,377 10,234 11,558
Total Common Equity		 6,550 7,894 9,316 9,552 10,262 10,328 10,655 10,080 10,377 10,234 11,558
Common Stock		 7,942 7,558 8,674 8,647 8,334 8,173 8,028 8,027 7,901 7,761 8,947
Retained Earnings		 -2,355 -655 -401 -77 955 1,215 1,644 1,269 1,499 1,570 1,725
Accumulated Other Comprehensive Income / (Loss)		 963 991 1,043 982 973 940 983 784 977 903 886

Annual Metrics And Ratios for Ovintiv

This table displays calculated financial ratios and metrics derived from Ovintiv's official financial filings.

Metric 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Growth Metrics		 - - - - - - - - -
Revenue Growth		 0.00% 33.67% 13.25% -9.50% 42.24% 43.96% -12.68% -15.91% -2.67%
EBITDA Growth		 0.00% 6.09% -2.66% -229.98% 178.55% 79.99% -5.90% -13.58% -17.96%
EBIT Growth		 0.00% -15.56% -53.96% -868.87% 129.46% 145.16% -25.99% -38.46% -35.00%
NOPAT Growth		 0.00% 152.10% -71.47% -950.44% 145.95% 126.75% -39.56% -44.73% 38.74%
Net Income Growth		 0.00% 29.26% -78.11% -2,705.56% 123.22% 156.85% -42.67% -46.04% 10.40%
EPS Growth		 0.00% 29.26% -78.11% -2,707.78% 122.67% 164.66% -43.89% -46.71% 13.54%
Operating Cash Flow Growth		 0.00% 119.05% 27.00% -35.13% 65.12% 23.55% 7.79% -10.70% -1.85%
Free Cash Flow Firm Growth		 0.00% 0.00% 37.07% 139.14% 25.13% -15.65% -205.27% 167.86% -13.57%
Invested Capital Growth		 0.00% 0.00% 57.87% -35.91% -9.77% 16.44% 43.10% -2.25% 2.38%
Revenue Q/Q Growth		 0.00% 0.00% 0.00% -0.60% 26.45% -1.01% -0.42% -9.65% -0.46%
EBITDA Q/Q Growth		 0.00% 0.00% 0.00% -26.53% 212.18% -5.32% 6.25% -22.53% 15.57%
EBIT Q/Q Growth		 0.00% 0.00% 0.00% -12.11% 467.21% -6.88% 0.00% -39.85% 67.06%
NOPAT Q/Q Growth		 0.00% 0.00% 0.00% -11.65% 579.69% -1.01% -16.59% -41.31% 229.39%
Net Income Q/Q Growth		 0.00% 0.00% 0.00% -11.08% 343.30% -1.33% -18.68% -44.88% 426.27%
EPS Q/Q Growth		 0.00% 0.00% 0.00% -11.07% 338.57% -3.56% -20.68% -44.24% 419.57%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% 0.00% -0.58% 0.68% 3.62% 13.23% -8.42% -1.78%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 10.43% -2.46% 8.81% 17.32% -12.47%
Invested Capital Q/Q Growth		 0.00% 0.00% 0.00% -6.54% 12.65% 10.88% 2.49% -4.73% 4.51%
Profitability Metrics		 - - - - - - - - -
Gross Margin		 63.25% 63.24% 50.45% 52.88% 40.03% 53.14% 50.01% 65.20% 64.40%
EBITDA Margin		 59.10% 46.91% 40.32% -57.91% 31.98% 39.99% 43.09% 44.29% 37.33%
Operating Margin		 24.04% 28.52% 8.89% -88.66% 17.54% 30.91% 26.32% 17.25% 12.70%
EBIT Margin		 40.36% 25.49% 10.36% -88.04% 18.24% 31.06% 26.33% 19.26% 12.86%
Profit (Net Income) Margin		 18.61% 18.00% 3.48% -100.16% 16.35% 29.18% 19.16% 12.29% 13.94%
Tax Burden Percent		 57.83% 91.92% 74.29% 106.40% 114.29% 102.16% 83.07% 83.27% 161.30%
Interest Burden Percent		 79.75% 76.82% 45.19% 106.92% 78.47% 91.97% 87.61% 76.63% 67.19%
Effective Tax Rate		 42.17% 8.08% 25.71% 0.00% -14.29% -2.16% 16.93% 16.73% -61.30%
Return on Invested Capital (ROIC)		 0.00% 29.42% 3.25% -27.55% 17.04% 37.63% 17.39% 8.26% 11.45%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% -1.67% -0.98% -61.51% 11.46% 30.29% 11.07% 4.85% 0.18%
Return on Net Nonoperating Assets (RNNOA)		 0.00% -0.71% -0.56% -61.02% 14.74% 19.36% 5.70% 2.61% 0.09%
Return on Equity (ROE)		 0.00% 28.71% 2.69% -88.57% 31.78% 56.99% 23.09% 10.87% 11.54%
Cash Return on Invested Capital (CROIC)		 0.00% -170.59% -41.63% 16.22% 27.32% 22.44% -18.06% 10.53% 9.10%
Operating Return on Assets (OROA)		 0.00% 9.87% 3.78% -29.81% 11.07% 26.59% 16.35% 8.99% 5.78%
Return on Assets (ROA)		 0.00% 6.97% 1.27% -33.91% 9.93% 24.99% 11.90% 5.73% 6.27%
Return on Common Equity (ROCE)		 0.00% 28.71% 2.69% -88.57% 31.78% 56.99% 23.09% 10.87% 11.54%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 14.35% 2.36% -158.90% 27.91% 47.30% 20.11% 10.89% 0.00%
Net Operating Profit after Tax (NOPAT)		 618 1,557 444 -3,778 1,736 3,936 2,379 1,315 1,824
NOPAT Margin		 13.90% 26.22% 6.60% -62.07% 20.05% 31.58% 21.86% 14.37% 20.48%
Net Nonoperating Expense Percent (NNEP)		 0.00% 31.09% 4.24% 33.96% 5.58% 7.34% 6.32% 3.41% 11.27%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - 34.96% 14.77% 8.33% 11.13%
Cost of Revenue to Revenue		 36.75% 36.76% 49.55% 47.12% 59.97% 46.86% 49.99% 34.80% 35.60%
SG&A Expenses to Revenue		 5.72% 2.64% 7.27% 6.49% 5.11% 3.39% 3.61% 3.99% 3.72%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 39.21% 34.72% 41.56% 141.55% 22.49% 22.22% 23.70% 47.95% 51.71%
Earnings before Interest and Taxes (EBIT)		 1,793 1,514 697 -5,359 1,579 3,871 2,865 1,763 1,146
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 2,626 2,786 2,712 -3,525 2,769 4,984 4,690 4,053 3,325
Valuation Ratios		 - - - - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 0.00 0.90 1.64 1.55 1.12 1.02 0.89
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 2.86 3.39 2.33 1.50 1.35 1.15
Price to Revenue (P/Rev)		 0.00 0.00 0.00 0.57 0.96 0.96 1.07 1.15 1.11
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 5.86 3.28 5.59 9.37 7.99
Dividend Yield		 0.53% 1.21% 1.83% 2.81% 1.47% 1.98% 2.69% 2.96% 3.06%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 17.07% 30.53% 17.88% 10.67% 12.51%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.00 0.97 1.33 1.38 1.08 1.01 0.92
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 0.00 1.70 1.49 1.24 1.60 1.74 1.67
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 4.65 3.11 3.71 3.94 4.47
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 8.16 4.00 6.07 9.05 12.96
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 7.42 3.93 7.31 12.13 8.14
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 5.46 4.12 4.00 4.18 4.29 4.07
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 4.65 4.63 6.59 0.00 9.51 10.24
Leverage & Solvency		 - - - - - - - - -
Debt to Equity		 0.00 0.56 0.70 1.79 0.94 0.46 0.55 0.53 0.46
Long-Term Debt to Equity		 0.00 0.50 0.70 1.66 0.94 0.41 0.53 0.47 0.39
Financial Leverage		 0.00 0.42 0.57 0.99 1.29 0.64 0.51 0.54 0.48
Leverage Ratio		 0.00 2.06 2.12 2.61 3.20 2.28 1.94 1.90 1.84
Compound Leverage Factor		 0.00 1.58 0.96 2.79 2.51 2.10 1.70 1.45 1.24
Debt to Total Capital		 0.00% 36.05% 41.26% 64.21% 48.54% 31.71% 35.62% 34.55% 31.73%
Short-Term Debt to Total Capital		 0.00% 4.29% 0.00% 4.83% 0.00% 3.49% 1.76% 3.80% 4.94%
Long-Term Debt to Total Capital		 0.00% 31.76% 41.26% 59.38% 48.54% 28.22% 33.85% 30.75% 26.79%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 0.00% 63.95% 58.74% 35.79% 51.46% 68.29% 64.38% 65.45% 68.27%
Debt to EBITDA		 0.00 1.51 2.57 -1.95 1.73 0.72 1.22 1.35 1.56
Net Debt to EBITDA		 0.00 1.13 2.50 -1.95 1.66 0.72 1.22 1.34 1.48
Long-Term Debt to EBITDA		 0.00 1.33 2.57 -1.81 1.73 0.64 1.16 1.20 1.32
Debt to NOPAT		 0.00 2.70 15.70 -1.82 2.76 0.91 2.41 4.15 2.85
Net Debt to NOPAT		 0.00 2.02 15.27 -1.82 2.64 0.91 2.41 4.12 2.70
Long-Term Debt to NOPAT		 0.00 2.38 15.70 -1.69 2.76 0.81 2.29 3.69 2.41
Altman Z-Score		 0.00 0.00 0.00 -1.26 1.00 2.46 1.73 1.51 1.36
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - -
Current Ratio		 0.00 1.33 0.77 0.51 0.58 0.61 0.60 0.51 0.54
Quick Ratio		 0.00 0.92 0.59 0.39 0.54 0.58 0.51 0.46 0.50
Cash Flow Metrics		 - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 -9,030 -5,683 2,224 2,783 2,347 -2,471 1,677 1,449
Operating Cash Flow to CapEx		 99.06% 155.20% 120.26% 115.06% 633.40% 241.17% 211.31% 173.88% 1,660.00%
Free Cash Flow to Firm to Interest Expense		 0.00 -25.73 -14.88 5.99 8.19 7.55 -6.96 4.07 3.85
Operating Cash Flow to Interest Expense		 2.89 6.55 7.65 5.11 9.20 12.43 11.74 9.03 9.71
Operating Cash Flow Less CapEx to Interest Expense		 -0.03 2.33 1.29 0.67 7.75 7.28 6.18 3.84 9.13
Efficiency Ratios		 - - - - - - - - -
Asset Turnover		 0.00 0.39 0.37 0.34 0.61 0.86 0.62 0.47 0.45
Accounts Receivable Turnover		 0.00 7.53 6.65 5.63 7.79 8.63 7.17 6.97 7.71
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 0.00 0.66 0.56 0.49 0.95 1.37 0.90 0.63 0.62
Accounts Payable Turnover		 0.00 1.47 1.79 1.45 2.82 2.78 2.46 1.56 1.69
Days Sales Outstanding (DSO)		 0.00 48.49 54.92 64.85 46.84 42.29 50.91 52.35 47.35
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 0.00 249.13 204.18 250.91 129.46 131.23 148.62 234.47 215.48
Cash Conversion Cycle (CCC)		 0.00 -200.64 -149.26 -186.05 -82.62 -88.94 -97.71 -182.13 -168.13
Capital & Investment Metrics		 - - - - - - - - -
Invested Capital		 0.00 10,587 16,714 10,712 9,665 11,254 16,104 15,742 16,117
Invested Capital Turnover		 0.00 1.12 0.49 0.44 0.85 1.19 0.80 0.57 0.56
Increase / (Decrease) in Invested Capital		 0.00 10,587 6,127 -6,002 -1,047 1,589 4,850 -362 375
Enterprise Value (EV)		 0.00 0.00 0.00 10,340 12,887 15,477 17,397 15,954 14,847
Market Capitalization		 0.00 0.00 0.00 3,465 8,296 11,912 11,663 10,543 9,925
Book Value per Share		 $0.00 $38.79 $38.02 $14.77 $19.43 $30.97 $38.00 $39.69 $44.20
Tangible Book Value per Share		 $0.00 $25.49 $28.02 $4.66 $9.37 $20.56 $28.48 $29.91 $34.03
Total Capital		 0.00 11,645 16,904 10,722 9,860 11,259 16,107 15,784 16,397
Total Debt		 0.00 4,198 6,974 6,885 4,786 3,570 5,737 5,453 5,202
Total Long-Term Debt		 0.00 3,698 6,974 6,367 4,786 3,177 5,453 4,853 4,392
Net Debt		 0.00 3,140 6,784 6,875 4,591 3,565 5,734 5,411 4,922
Capital Expenditures (CapEx)		 1,060 1,482 2,429 1,647 494 1,603 1,972 2,140 220
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 0.00 102 -753 -668 -1,356 -697 -855 -754 -742
Debt-free Net Working Capital (DFNWC)		 0.00 1,160 -563 -658 -1,161 -692 -852 -712 -462
Net Working Capital (NWC)		 0.00 660 -563 -1,176 -1,161 -1,085 -1,136 -1,312 -1,272
Net Nonoperating Expense (NNE)		 -209 488 210 2,319 320 299 294 190 582
Net Nonoperating Obligations (NNO)		 0.00 3,140 6,784 6,875 4,591 3,565 5,734 5,411 4,922
Total Depreciation and Amortization (D&A)		 833 1,272 2,015 1,834 1,190 1,113 1,825 2,290 2,179
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% 1.72% -11.20% -10.97% -15.66% -5.59% -7.86% -8.24% -8.33%
Debt-free Net Working Capital to Revenue		 0.00% 19.53% -8.37% -10.81% -13.41% -5.55% -7.83% -7.78% -5.19%
Net Working Capital to Revenue		 0.00% 11.11% -8.37% -19.32% -13.41% -8.71% -10.44% -14.34% -14.28%
Earnings Adjustments		 - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 $0.90 ($23.47) $5.44 $14.34 $8.02 $4.25 $4.83
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 259.82M 259.80M 260.40M 253.60M 259.90M 264.60M 257.20M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $0.90 ($23.47) $5.32 $14.08 $7.90 $4.21 $4.78
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 259.82M 259.80M 266.40M 258.40M 263.90M 267.40M 259.70M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.90 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 261.20M 259.86M 256.77M 243.64M 269.52M 260.32M 283.34M
Normalized Net Operating Profit after Tax (NOPAT)		 618 1,557 444 128 1,063 2,697 2,379 1,690 1,436
Normalized NOPAT Margin		 13.90% 26.22% 6.60% 2.10% 12.28% 21.64% 21.86% 18.46% 16.12%
Pre Tax Income Margin		 32.19% 19.58% 4.68% -94.14% 14.31% 28.56% 23.06% 14.76% 8.64%
Debt Service Ratios		 - - - - - - - - -
EBIT to Interest Expense		 4.94 4.31 1.82 -14.44 4.64 12.45 8.07 4.28 3.05
NOPAT to Interest Expense		 1.70 4.44 1.16 -10.18 5.11 12.66 6.70 3.19 4.85
EBIT Less CapEx to Interest Expense		 2.02 0.09 -4.53 -18.88 3.19 7.29 2.52 -0.92 2.46
NOPAT Less CapEx to Interest Expense		 -1.22 0.21 -5.20 -14.62 3.65 7.50 1.15 -2.00 4.27
Payout Ratios		 - - - - - - - - -
Dividend Payout Ratio		 6.89% 5.24% 43.59% -1.59% 8.62% 6.57% 14.72% 28.09% 24.80%
Augmented Payout Ratio		 6.89% 28.62% 577.78% -1.59% 16.45% 26.34% 35.16% 81.16% 49.52%

Quarterly Metrics And Ratios for Ovintiv

This table displays calculated financial ratios and metrics derived from Ovintiv's official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 - - - - - - - - - - 283,335,463.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 283,335,463.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - -2.22
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -25.36% -1.43% -7.80% -9.10% -12.27% -30.89% 1.06% 1.31% -11.10% -1.87% 6.52%
EBITDA Growth		 -40.72% 19.00% 4.20% 22.97% 28.97% -68.19% -58.88% -8.78% -34.29% 81.45% -136.08%
EBIT Growth		 -63.82% 0.00% -23.10% 10.44% 34.62% -99.57% -118.25% -13.49% -57.19% 9,200.00% -653.13%
NOPAT Growth		 -62.25% -31.92% -27.57% -0.64% -0.75% -99.85% -115.97% -3.08% -56.05% 79,096.62% -747.19%
Net Income Growth		 -65.77% -35.88% -30.60% 1.19% 24.88% -107.01% -147.04% -9.71% -70.81% 1,676.67% -296.23%
EPS Growth		 -68.25% -39.77% -37.06% -5.22% 30.61% -107.05% -149.19% -7.09% -70.31% 1,754.55% -285.25%
Operating Cash Flow Growth		 -5.82% 55.66% -38.30% 22.74% 12.80% -25.11% 32.47% -0.69% -20.55% -6.47% 20.96%
Free Cash Flow Firm Growth		 -1,640.54% -1,961.28% -134.06% 88.56% 93.46% 109.33% 117.62% 284.01% 495.11% 101.91% -463.84%
Invested Capital Growth		 54.80% 43.10% 41.56% 6.55% 5.16% -2.25% -5.14% -4.37% -6.67% 2.38% 14.86%
Revenue Q/Q Growth		 5.24% 19.52% -25.71% -2.72% 1.57% -5.85% 8.64% -2.48% -10.87% 3.92% 17.93%
EBITDA Q/Q Growth		 4.38% 76.97% -36.84% 5.40% 9.47% -56.35% -18.36% 133.85% -21.14% 20.53% -116.23%
EBIT Q/Q Growth		 -5.03% 138.90% -55.16% 8.56% 15.76% -99.24% -2,020.00% 614.58% -42.71% 64.31% -255.48%
NOPAT Q/Q Growth		 18.17% 97.55% -59.07% 3.98% 18.04% -99.71% -4,550.00% 731.10% -46.48% 426.88% -147.60%
Net Income Q/Q Growth		 20.83% 110.84% -60.51% 0.59% 49.12% -111.83% -165.00% 293.08% -51.79% 539.19% -166.60%
EPS Q/Q Growth		 9.70% 112.24% -60.26% 2.42% 51.18% -111.46% -177.27% 293.44% -51.69% 538.60% -164.56%
Operating Cash Flow Q/Q Growth		 9.03% 50.33% -51.62% 54.78% 0.20% -0.20% -14.41% 16.04% -19.84% 17.49% 10.69%
Free Cash Flow Firm Q/Q Growth		 3.70% 23.28% -13.96% 86.41% 44.94% 209.40% 115.38% 41.84% 18.22% -44.09% -488.11%
Invested Capital Q/Q Growth		 2.04% 2.49% 2.18% -0.29% 0.71% -4.73% -0.84% 0.51% -1.71% 4.51% 11.25%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 51.72% 41.22% 53.15% 57.04% 65.58% 86.29% 66.34% 52.80% 64.67% 74.52% 67.81%
EBITDA Margin		 36.88% 54.61% 46.43% 50.31% 54.22% 25.14% 18.89% 45.30% 40.08% 46.48% -6.40%
Operating Margin		 17.63% 37.52% 21.00% 24.30% 22.68% 0.09% -3.74% 22.04% 13.21% 20.31% -29.78%
EBIT Margin		 18.54% 37.05% 22.36% 24.96% 28.44% 0.23% -4.04% 21.31% 13.70% 21.66% -28.55%
Profit (Net Income) Margin		 15.33% 27.04% 14.37% 14.86% 21.82% -2.74% -6.69% 13.24% 7.16% 44.06% -24.88%
Tax Burden Percent		 103.31% 80.22% 78.97% 72.96% 90.86% 59.41% 82.38% 76.94% 77.08% 254.30% 76.18%
Interest Burden Percent		 80.04% 90.96% 81.37% 81.61% 84.42% -2,020.00% 201.04% 80.77% 67.84% 80.00% 114.38%
Effective Tax Rate		 -3.31% 19.78% 21.03% 27.04% 9.14% 0.00% 0.00% 23.06% 22.92% -154.30% 0.00%
Return on Invested Capital (ROIC)		 15.39% 23.95% 12.62% 11.66% 12.95% 0.04% -1.50% 9.73% 5.71% 28.88% -11.27%
ROIC Less NNEP Spread (ROIC-NNEP)		 13.83% 21.86% 11.57% 10.58% 13.42% -1.07% -3.15% 8.22% 4.58% 25.73% -12.98%
Return on Net Nonoperating Assets (RNNOA)		 8.38% 11.26% 6.32% 6.55% 7.99% -0.57% -1.82% 4.52% 2.42% 12.35% -7.14%
Return on Equity (ROE)		 23.77% 35.21% 18.95% 18.20% 20.94% -0.54% -3.32% 14.25% 8.13% 41.23% -18.41%
Cash Return on Invested Capital (CROIC)		 -20.96% -18.06% -18.51% 7.67% 8.87% 10.53% 10.61% 9.79% 10.37% 9.10% 1.92%
Operating Return on Assets (OROA)		 11.82% 23.01% 13.67% 13.27% 14.49% 0.11% -1.88% 9.92% 6.25% 9.73% -12.35%
Return on Assets (ROA)		 9.77% 16.79% 8.78% 7.90% 11.12% -1.28% -3.11% 6.17% 3.27% 19.80% -10.76%
Return on Common Equity (ROCE)		 23.77% 35.21% 18.95% 18.20% 20.94% -0.54% -3.32% 14.25% 8.13% 41.23% -18.41%
Return on Equity Simple (ROE_SIMPLE)		 26.84% 0.00% 18.87% 18.78% 19.16% 0.00% 6.23% 5.73% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 482 953 390 406 479 1.40 -62 393 210 1,109 -528
NOPAT Margin		 18.21% 30.10% 16.59% 17.73% 20.60% 0.06% -2.62% 16.96% 10.19% 51.64% -20.85%
Net Nonoperating Expense Percent (NNEP)		 1.57% 2.09% 1.05% 1.08% -0.47% 1.10% 1.65% 1.51% 1.13% 3.15% 1.72%
Return On Investment Capital (ROIC_SIMPLE)		 - 5.92% - - - 0.01% -0.40% 2.50% 1.36% 6.76% -2.94%
Cost of Revenue to Revenue		 48.28% 58.78% 46.85% 42.96% 34.42% 13.71% 33.66% 47.20% 35.33% 25.48% 32.19%
SG&A Expenses to Revenue		 3.02% 2.75% 4.34% 3.32% 3.10% 5.26% 3.91% 3.28% 3.78% 3.91% 4.42%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 34.09% 3.70% 32.14% 32.74% 42.90% 86.20% 70.09% 30.76% 51.45% 54.22% 97.59%
Earnings before Interest and Taxes (EBIT)		 491 1,173 526 571 661 5.00 -96 494 283 465 -723
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 977 1,729 1,092 1,151 1,260 550 449 1,050 828 998 -162
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.33 1.12 1.37 1.21 0.95 1.02 1.11 0.95 1.01 0.89 1.46
Price to Tangible Book Value (P/TBV)		 1.82 1.50 1.83 1.61 1.25 1.35 1.48 1.27 1.35 1.15 1.93
Price to Revenue (P/Rev)		 1.16 1.07 1.32 1.20 1.00 1.15 1.21 1.07 1.16 1.11 1.86
Price to Earnings (P/E)		 4.94 5.59 7.27 6.45 4.95 9.37 17.74 16.62 43.98 7.99 21.81
Dividend Yield		 2.38% 2.69% 2.33% 2.56% 3.13% 2.96% 2.80% 3.15% 2.97% 3.06% 2.02%
Earnings Yield		 20.22% 17.88% 13.76% 15.50% 20.21% 10.67% 5.64% 6.02% 2.27% 12.51% 4.58%
Enterprise Value to Invested Capital (EV/IC)		 1.20 1.08 1.23 1.13 0.97 1.01 1.07 0.97 1.01 0.92 1.29
Enterprise Value to Revenue (EV/Rev)		 1.72 1.60 1.90 1.78 1.58 1.74 1.82 1.65 1.74 1.67 2.56
Enterprise Value to EBITDA (EV/EBITDA)		 4.27 3.71 4.28 3.76 3.05 3.94 4.89 4.59 5.41 4.47 8.54
Enterprise Value to EBIT (EV/EBIT)		 6.58 6.07 7.49 6.73 5.45 9.05 14.61 14.28 22.69 12.96 44.68
Enterprise Value to NOPAT (EV/NOPAT)		 6.60 7.31 9.08 8.34 7.13 12.13 19.46 17.81 28.11 8.14 8.78
Enterprise Value to Operating Cash Flow (EV/OCF)		 5.12 4.18 5.39 4.71 3.93 4.29 4.24 3.87 4.19 4.07 6.05
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 15.24 11.17 9.51 9.80 9.68 9.40 10.24 72.06
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.65 0.55 0.60 0.59 0.55 0.53 0.55 0.51 0.51 0.46 0.55
Long-Term Debt to Equity		 0.57 0.53 0.53 0.47 0.46 0.47 0.44 0.42 0.43 0.39 0.48
Financial Leverage		 0.61 0.51 0.55 0.62 0.60 0.54 0.58 0.55 0.53 0.48 0.55
Leverage Ratio		 2.13 1.94 1.93 2.00 1.97 1.90 1.94 1.91 1.88 1.84 1.94
Compound Leverage Factor		 1.70 1.77 1.57 1.63 1.66 -38.29 3.90 1.54 1.27 1.47 2.22
Debt to Total Capital		 39.22% 35.62% 37.65% 37.08% 35.55% 34.55% 35.46% 33.95% 33.74% 31.73% 35.63%
Short-Term Debt to Total Capital		 4.51% 1.76% 4.53% 7.52% 6.19% 3.80% 7.32% 5.98% 5.30% 4.94% 4.88%
Long-Term Debt to Total Capital		 34.71% 33.85% 33.13% 29.56% 29.36% 30.75% 28.13% 27.96% 28.44% 26.79% 30.75%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 60.78% 64.38% 62.35% 62.92% 64.45% 65.45% 64.54% 66.05% 66.26% 68.27% 64.37%
Debt to EBITDA		 1.40 1.22 1.31 1.23 1.12 1.35 1.62 1.61 1.81 1.56 2.36
Net Debt to EBITDA		 1.40 1.22 1.31 1.23 1.12 1.34 1.62 1.61 1.80 1.48 2.35
Long-Term Debt to EBITDA		 1.24 1.16 1.15 0.98 0.93 1.20 1.29 1.33 1.53 1.32 2.03
Debt to NOPAT		 2.16 2.41 2.78 2.73 2.62 4.15 6.46 6.25 9.41 2.85 2.42
Net Debt to NOPAT		 2.16 2.41 2.78 2.73 2.62 4.12 6.45 6.23 9.37 2.70 2.41
Long-Term Debt to NOPAT		 1.91 2.29 2.44 2.18 2.17 3.69 5.13 5.15 7.93 2.41 2.09
Altman Z-Score		 1.24 1.45 1.50 1.39 1.31 1.21 1.13 1.19 1.21 1.25 1.27
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 0.45 0.60 0.52 0.44 0.52 0.51 0.43 0.43 0.45 0.54 0.56
Quick Ratio		 0.43 0.51 0.46 0.38 0.45 0.46 0.39 0.40 0.41 0.50 0.47
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -5,080 -3,897 -4,441 -603 -332 363 783 1,110 1,312 734 -2,848
Operating Cash Flow to CapEx		 110.22% 216.53% 111.88% 164.52% 191.03% 257.58% 0.00% 199.02% 156.76% 207.39% 176.59%
Free Cash Flow to Firm to Interest Expense		 -51.83 -36.76 -45.32 -5.75 -3.22 3.43 8.07 11.69 14.42 7.89 -27.38
Operating Cash Flow to Interest Expense		 9.24 12.85 6.72 9.71 9.92 9.62 9.00 10.66 8.92 10.26 10.15
Operating Cash Flow Less CapEx to Interest Expense		 0.86 6.92 0.71 3.81 4.73 5.89 22.06 5.31 3.23 5.31 4.40
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.64 0.62 0.61 0.53 0.51 0.47 0.47 0.47 0.46 0.45 0.43
Accounts Receivable Turnover		 6.94 7.17 8.39 8.50 7.20 6.97 7.31 7.91 7.62 7.71 6.66
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 0.93 0.90 0.86 0.72 0.69 0.63 0.63 0.63 0.62 0.62 0.60
Accounts Payable Turnover		 2.30 2.46 2.84 2.42 2.26 1.56 1.53 1.76 1.69 1.69 1.58
Days Sales Outstanding (DSO)		 52.60 50.91 43.51 42.96 50.70 52.35 49.92 46.17 47.90 47.35 54.79
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 158.89 148.62 128.49 150.72 161.39 234.47 239.16 207.47 215.49 215.48 231.60
Cash Conversion Cycle (CCC)		 -106.29 -97.71 -84.98 -107.76 -110.69 -182.13 -189.24 -161.30 -167.59 -168.13 -176.81
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 15,712 16,104 16,455 16,407 16,523 15,742 15,610 15,690 15,421 16,117 17,930
Invested Capital Turnover		 0.85 0.80 0.76 0.66 0.63 0.57 0.57 0.57 0.56 0.56 0.54
Increase / (Decrease) in Invested Capital		 5,562 4,850 4,831 1,009 811 -362 -845 -717 -1,102 375 2,320
Enterprise Value (EV)		 18,838 17,397 20,266 18,592 15,967 15,954 16,672 15,199 15,566 14,847 23,191
Market Capitalization		 12,678 11,663 14,073 12,513 10,099 10,543 11,142 9,886 10,379 9,925 16,819
Book Value per Share		 $34.88 $38.00 $38.05 $38.68 $40.42 $39.69 $38.72 $39.94 $39.82 $44.20 $40.79
Tangible Book Value per Share		 $25.44 $28.48 $28.47 $29.03 $30.61 $29.91 $28.94 $30.01 $29.83 $34.03 $30.76
Total Capital		 15,715 16,107 16,460 16,415 16,532 15,784 15,618 15,710 15,446 16,397 17,956
Total Debt		 6,163 5,737 6,198 6,087 5,877 5,453 5,538 5,333 5,212 5,202 6,398
Total Long-Term Debt		 5,454 5,453 5,453 4,853 4,853 4,853 4,394 4,393 4,393 4,392 5,521
Net Debt		 6,160 5,734 6,193 6,079 5,868 5,411 5,530 5,313 5,187 4,922 6,372
Capital Expenditures (CapEx)		 822 629 589 620 535 396 -1,267 509 518 460 598
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -1,256 -855 -591 -574 -370 -754 -678 -710 -669 -742 -548
Debt-free Net Working Capital (DFNWC)		 -1,253 -852 -586 -566 -361 -712 -670 -690 -644 -462 -522
Net Working Capital (NWC)		 -1,962 -1,136 -1,331 -1,800 -1,385 -1,312 -1,814 -1,630 -1,463 -1,272 -1,399
Net Nonoperating Expense (NNE)		 76 97 52 66 -28 61 97 86 62 163 102
Net Nonoperating Obligations (NNO)		 6,160 5,734 6,193 6,079 5,868 5,411 5,530 5,313 5,187 4,922 6,372
Total Depreciation and Amortization (D&A)		 486 556 566 580 599 545 545 556 545 533 561
Debt-free, Cash-free Net Working Capital to Revenue		 -11.49% -7.86% -5.53% -5.49% -3.65% -8.24% -7.39% -7.71% -7.48% -8.33% -6.05%
Debt-free Net Working Capital to Revenue		 -11.46% -7.83% -5.48% -5.41% -3.56% -7.78% -7.30% -7.49% -7.20% -5.19% -5.76%
Net Working Capital to Revenue		 -17.95% -10.44% -12.46% -17.22% -13.67% -14.34% -19.77% -17.70% -16.35% -14.28% -15.44%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.48 $3.20 $1.25 $1.28 $1.93 ($0.21) ($0.61) $1.19 $0.58 $3.67 ($2.35)
Adjusted Weighted Average Basic Shares Outstanding		 273.70M 259.90M 269.70M 266.20M 262.10M 264.60M 260.40M 259M 256.20M 257.20M 268.20M
Adjusted Diluted Earnings per Share		 $1.47 $3.12 $1.24 $1.27 $1.92 ($0.22) ($0.61) $1.18 $0.57 $3.64 ($2.35)
Adjusted Weighted Average Diluted Shares Outstanding		 276.30M 263.90M 272.30M 268.10M 264M 267.40M 260.40M 260.10M 258.10M 259.70M 268.20M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 272.90M 269.52M 266.98M 263.61M 260.32M 260.32M 259.82M 257.04M 253.26M 283.34M 281.02M
Normalized Net Operating Profit after Tax (NOPAT)		 327 953 390 406 479 1.40 449 393 319 340 512
Normalized NOPAT Margin		 12.34% 30.10% 16.59% 17.73% 20.60% 0.06% 18.88% 16.96% 15.45% 15.81% 20.21%
Pre Tax Income Margin		 14.84% 33.70% 18.20% 20.37% 24.01% -4.62% -8.12% 17.21% 9.29% 17.33% -32.66%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 5.01 11.07 5.37 5.44 6.42 0.05 -0.99 5.20 3.11 5.00 -6.95
NOPAT to Interest Expense		 4.92 8.99 3.98 3.86 4.65 0.01 -0.64 4.14 2.31 11.92 -5.08
EBIT Less CapEx to Interest Expense		 -3.38 5.13 -0.64 -0.47 1.22 -3.69 12.07 -0.16 -2.58 0.05 -12.70
NOPAT Less CapEx to Interest Expense		 -3.46 3.06 -2.03 -2.04 -0.55 -3.72 12.42 -1.22 -3.38 6.98 -10.83
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 11.15% 14.72% 16.84% 16.70% 15.68% 28.09% 50.00% 52.27% 131.36% 24.80% 40.86%
Augmented Payout Ratio		 33.03% 35.16% 39.41% 44.12% 47.53% 81.16% 105.25% 104.37% 261.44% 49.52% 91.57%

Financials Breakdown Chart

Key Financial Trends

Ovintiv Inc. (OVV) has shown solid cash flow generation in 2025 with improving profitability, while revenue remains cyclical and tied to energy prices. Below are the key takeaways from the last four years of quarterly statements, focused for retail investors.

  • Strong quarterly cash flow and free cash flow in 2025: Net cash from continuing operating activities runs around $0.86B–$0.95B per quarter, and free cash flow in Q4 2025 was about $489M (CFO of $954M minus capex of $465M).
  • Healthy gross margins in 2025, with Q4 2025 gross margin near 74–75% (Gross Profit $1.6B on Revenue $2.15B).
  • Solid quarterly earnings in Q4 2025: Net income attributable to common shareholders ≈ $946M, with diluted earnings per share ≈ $3.64.
  • Stable dividend policy: cash dividends per share of $0.30, providing ongoing shareholder income.
  • Balance sheet remains solid: total assets around $19.6B, total equity roughly $10.3–$10.6B, and a moderate debt load (long‑term debt typically in the $4.3B–$5.4B range).
  • Revenue is cyclical and energy-price driven: 2024 revenue trended lower than peak 2023 levels, with 2025 showing cash-flow strength but not a full reset of revenue to prior highs.
  • Occasional impairment charges: impairment expenses occur in select quarters (e.g., $141M in 2024 Q3) and are non‑cash, affecting quarterly earnings but not cash flow.
  • Debt financing activity fluctuates: quarterly financing cash flows vary, though 2025 results show manageable overall debt servicing alongside operating cash flow strength.
  • Earnings per share can be volatile: some quarters show negative EPS (for example, 2025 Q1), while other quarters post solid positive EPS, reflecting quarterly timing and cost structure shifts.
  • Profitability can swing with commodity cycles: despite 2025 gains, certain quarters (notably 2025 Q1 and 2024 Q4) display lower profitability or modest losses due to costs, taxes, and price input volatility.
05/25/26 10:57 PM ETAI Generated. May Contain Errors.

Ovintiv Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Ovintiv's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Ovintiv's net income appears to be on an upward trend, with a most recent value of $1.24 billion in 2025, rising from $827 million in 2017. The previous period was $1.13 billion in 2024. Check out Ovintiv's forecast to explore projected trends and price targets.

Ovintiv's total operating income in 2025 was $1.13 billion, based on the following breakdown:
  • Total Gross Profit: $5.74 billion
  • Total Operating Expenses: $4.61 billion

Over the last 8 years, Ovintiv's total revenue changed from $4.44 billion in 2017 to $8.91 billion in 2025, a change of 100.5%.

Ovintiv's total liabilities were at $9.20 billion at the end of 2025, a 3.0% increase from 2024, and a 16.4% increase since 2018.

In the past 7 years, Ovintiv's cash and equivalents has ranged from $3 million in 2023 to $1.06 billion in 2018, and is currently $35 million as of their latest financial filing in 2025.

Over the last 8 years, Ovintiv's book value per share changed from 0.00 in 2017 to 44.20 in 2025, a change of 4,420.4%.


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Financial statements for NYSE:OVV last updated on 5/12/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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