Filing Flows › Ovintiv (OVV) › Q1 2026
Ovintiv (OVV) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 11, 2026
Ovintiv (OVV) reported revenue of $2.5B for the first quarter 2026 (Q1 2026), +7% from a year earlier and +18% from the quarter before. Operating margin was -29.8%, net loss $630M (24.9% of revenue).
Ovintiv, Q1 2026: revenue $2.5B (+6% year over year), operating margin -29.8%, net loss $630M, operating cash flow $1.1B. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.5B | +18% | +7% |
| Operating profit | −$754M | -273% | — |
| Net earnings | −$630M | -167% | — |
| Operating cash flow | $1.1B | +11% | +21% |
| Free cash flow | $451M | -8% | +76% |
What changed
Revenue was $2.5B in Q1 2026, up 7% year over year and up 18% from the previous quarter.
Operating costs exceeded revenue by $0.75B, an operating margin of -29.8%. Total costs grew 33% against revenue growth of 7%. The fastest-growing cost line was Other operating costs (+34%). The quarter ended with a net loss of $0.63B, after a profit of $0.95B the previous quarter.
Operating cash flow was $1.1B (up 21% year over year). Non-cash charges added back $0.56B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items added $1.1B. Capital expenditures of $0.60B left free cash flow of $0.45B.
Questions
What was Ovintiv's revenue in the first quarter 2026?
Ovintiv (OVV) reported revenue of $2.5B for the first quarter 2026 (Q1 2026), +7% from a year earlier and +18% from the quarter before.
Was Ovintiv profitable in the first quarter 2026?
Operating loss was $754M (-29.8% of revenue) and net loss $630M.
Source: Ovintiv 10-Q on SEC EDGAR.