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Ovintiv (OVV) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Nov 3, 2026 · Ovintiv (OVV) Q3 2026 earnings results →

Q3 2026 Revenue up 26% year over year to $2.6B · 21¢ of every $1 of revenue kept as net profit · operating margin 33.7%

Ovintiv made $2.6B in Q3 2026 (+26% Y/Y). Operating margin 33.7%, net earnings $549M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 3, 2026.

Revenue$2.6B
Year over year+26%
Operating margin33.7%
Net earnings$549M
Operating cash flow$1.1B

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

Ovintiv Q3 2026 revenue breakdown: Sankey diagram of revenue, costs, profit and cash flow
Ovintiv Q3 2026 revenue breakdown — free to use with credit and a link (terms). Share on X
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What changed this quarter

Revenue was $2.6B in Q3 2026, up 26% year over year and down 14% from the previous quarter.

Operating profit was $0.88B, a 33.7% margin (up 20.5 points year over year). Of the extra revenue versus Q3 2025, 113% reached operating profit, above the 13% margin then. Total costs fell 4% while revenue rose 26%. The fastest-growing cost line was General & admin (+21%). Net earnings were $0.55B, up 271% year over year. The effective tax rate was 31.7%.

Operating cash flow was $1.1B (up 32% year over year), 195% of net earnings. Non-cash charges added back $0.55B of depreciation and amortization and $0.01B of share-based compensation. Capital expenditures of $0.56B left free cash flow of $0.51B.

Quarterly history

Ovintiv revenue by quarterOvintiv revenue by quarter$2.4BQ1 2025$2.3BQ2 2025$2.1BQ3 2025$2.1BQ4 2025$2.5BQ1 2026$3.0BQ2 2026$2.6BQ3 2026
Ovintiv net earnings by quarterOvintiv net earnings by quarter−$159MQ1 2025$307MQ2 2025$148MQ3 2025$946MQ4 2025−$630MQ1 2026$456MQ2 2026$549MQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QNov 3, 2026$2.6B+26%33.7%$549M$1.1B
Q2 202610-QJul 23, 2026$3.0B+30%33.0%$456M$1.6B
Q1 202610-QMay 11, 2026$2.5B+6%-29.8%−$630M$1.1B
Q4 202510-KFeb 23, 2026$2.1B-2%20.3%$946M$954M
Q3 202510-QNov 4, 2025$2.1B-11%13.2%$148M$812M
Q2 202510-QJul 24, 2025$2.3B+1%22.0%$307M$1.0B
Q1 202510-QMay 6, 2025$2.4B+1%-3.7%−$159M$873M

Charts

Ovintiv: revenue growth, year over year and quarter over quarterOvintiv: revenue growth, year over year and quarter over quarterY/YQ/Q+1%Q1 2025+1%-2%Q2 2025-11%-11%Q3 2025-2%+4%Q4 2025+6%+18%Q1 2026+30%+19%Q2 2026+26%-14%Q3 2026
Latest (Q3 2026): Y/Y +26%, Q/Q -14%.
Ovintiv: where the cash came from (+) and went (−), TTM to Q3 2026Ovintiv: where the cash came from (+) and went (−), TTM to Q3 2026Operating cash flow$4.7BAsset & business sales$2.8BCapital spending−$2.2BNet borrowing (+) / repaid (−)−$1.9BAcquisitions−$1.2BOther investing−$944MBuybacks−$815MDividends−$326MCash drawn (+) / kept (−)−$151MOther financing−$25.0MExchange rates−$8.0M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Ovintiv: profit against cash, quarter by quarterOvintiv: profit against cash, quarter by quarterNet incomeOperating cash flow−$60.0M$1.0BQ4 2024−$159M$873MQ1 2025$307M$1.0BQ2 2025$148M$812MQ3 2025$946M$954MQ4 2025−$630M$1.1BQ1 2026$456M$1.6BQ2 2026$549M$1.1BQ3 2026
Latest (Q3 2026): Net income $549M, Operating cash flow $1.1B.
Ovintiv: diluted shares by fiscal yearOvintiv: diluted shares by fiscal year260MFY2020266MFY2021258MFY2022264MFY2023267MFY2024260MFY2025
0.0% since FY2020: buybacks shrank the count.
Ovintiv: long-term debt falling due (FY2025)Ovintiv: long-term debt falling due (FY2025)$810M2026$700M2028$300M2030$3.4BLater
Cash $35.0M, short-term investments $245M, long-term debt $5.2B at 2025-12-31.
Ovintiv in its industry: growth against margin (79 companies, SIC 1311)Ovintiv in its industry: growth against margin (79 companies, SIC 1311)revenue growth, year over year →↑ operating marginmedian +24%median 20%EOGOXYDVNFANGEXEPARRSMPREQTCHRDARContinental Resources, IncCRGYMTDRMURRRCVNOMTALOCNXMGYCRCHESMKOSPHXE-PBKVCRKGPORNOGMNRAESIREPXGRNTINRGTETTIWTIBDCOEGYDECREIBSMPROPKRPVTSTXOSDAMPYDMLPBATLPEDPNRGWHKEPMEPSNEnergy 11, L.P.ANNAEPEnergy Resources 12, L.P.EONRRSRVBRNAGIGEverflow Eastern Partners LPBSINMXCSPNDRKDAROYLTPETCJAXCKXNRISBRLLGBRNUAIALTXNext Bridge Hydrocarbons, Inc.OKMNOVV (+26%, 34%)
Crude Petroleum & Natural Gas; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

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💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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Ovintiv against its Crude Petroleum & Natural Gas peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +26% against the peers' median +48%. Operating margin: 33.7% against the peers' median 33.7%.

CompanyQuarterRevenueY/YOp. margin
OVV OvintivQ3 2026$2.6B+26%33.7%
EOG EOG ResourcesQ3 2026$8.5B+46%41.9%
OXY Occidental PetroleumQ2 2026$8.1B+53%48.5%
DVN Devon EnergyQ3 2026$6.9B+58%18.3%
FANG Diamondback EnergyQ3 2026$5.4B+38%46.0%
EXE Expand EnergyQ3 2026$3.3B+11%19.5%
PARR PAR Pacific HoldingsQ3 2026$3.1B+52%15.5%
SM SM EnergyQ3 2026$2.2B+167%10.9%
PR Permian ResourcesQ3 2026$2.0B+48%45.4%

Source: Ovintiv 10-Q on SEC EDGAR · CIK 1792580 · Crude Petroleum & Natural Gas

Guidance and outlook

Ovintiv: what its forward-looking statements are about (10-Q filed 2026-11-03)Ovintiv: what its forward-looking statements are about (10-Q filed 2026-11-03)Other12Deals5People3Costs2Financing1
23 statements; tone +0.00 (−1 all cautious, +1 all confident); 4 hedged.
Ovintiv: outlook statements against the filing beforeOvintiv: outlook statements against the filing beforeConfident3Cautious3

13F: who owns OVV and who is buying

Largest holders of OVV (13F)Largest holders of OVV (13F)BlackRock$1.4BFMR LLC$1.4BVanguard Group$1.1BCapital Research Global Investors$1.0BVanguard Portfolio Management LLC$761MVanguard Capital Management LLC$665MDimensional Fund Advisors LP$548MState Street$528MPrice T Rowe Associates$479MHotchkis & Wiley Capital Manageme…$458M
Funds' net buying of OVV by quarter (13F)Funds' net buying of OVV by quarter (13F)−$87.7M2024-09−$29.9M2024-12$432M2025-03−$179M2025-06$26.7M2025-09$312M2025-12$605M2026-03$544M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on OVV

History

Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results

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中文版：Ovintiv（OVV）财报

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