Filing Flows › Ovintiv (OVV) › Q1 2025
Ovintiv (OVV) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 6, 2025
Ovintiv (OVV) reported revenue of $2.4B for the first quarter 2025 (Q1 2025), +1% from a year earlier and +9% from the quarter before. Operating margin was -3.7%, net loss $159M (6.7% of revenue).
Ovintiv, Q1 2025: revenue $2.4B (+1% year over year), operating margin -3.7%, net loss $159M, operating cash flow $873M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.4B | +9% | +1% |
| Operating profit | −$89.0M | — | — |
| Net earnings | −$159M | — | — |
| Operating cash flow | $873M | -14% | +32% |
| Free cash flow | $256M | -45% | +276% |
What changed
Revenue was $2.4B in Q1 2025, up 1% year over year and up 9% from the previous quarter.
Operating costs exceeded revenue by $0.09B, an operating margin of -3.7%. Total costs grew 33% against revenue growth of 1%. The fastest-growing cost line was Other operating costs (+35%). The quarter ended with a net loss of $0.16B, wider than the previous quarter's $0.06B loss. Net interest and other expense of $0.10B was the main reason.
Operating cash flow was $0.87B (up 32% year over year). Non-cash charges added back $0.55B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.47B. Capital expenditures of $0.62B left free cash flow of $0.26B.
Questions
What was Ovintiv's revenue in the first quarter 2025?
Ovintiv (OVV) reported revenue of $2.4B for the first quarter 2025 (Q1 2025), +1% from a year earlier and +9% from the quarter before.
Was Ovintiv profitable in the first quarter 2025?
Operating loss was $89.0M (-3.7% of revenue) and net loss $159M.
Source: Ovintiv 10-Q on SEC EDGAR.