Filing Flows › Ovintiv (OVV) › Q2 2025
Ovintiv (OVV) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 24, 2025
Ovintiv (OVV) reported revenue of $2.3B for the second quarter 2025 (Q2 2025), +1% from a year earlier and -2% from the quarter before. Operating margin was 22.0%, net earnings $307M (13.2% of revenue).
Ovintiv, Q2 2025: revenue $2.3B (+1% year over year), operating margin 22.0%, net earnings $307M, operating cash flow $1.0B. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.3B | -2% | +1% |
| Operating profit | $511M | — | -8% |
| Net earnings | $307M | — | -10% |
| Operating cash flow | $1.0B | +16% | -0.7% |
| Free cash flow | $492M | +92% | +24% |
What changed
Revenue was $2.3B in Q2 2025, up 1% year over year and down 2% from the previous quarter.
Operating profit was $0.51B, a 22.0% margin (down 2.3 points year over year). Operating profit fell $0.04B even though revenue rose $0.03B versus a year earlier, so costs grew faster than sales. Total costs grew 4% against revenue growth of 1%. Net earnings were $0.31B, down 10% year over year. The effective tax rate was 23.1%.
Operating cash flow was $1.0B (down 1% year over year), 330% of net earnings. Non-cash charges added back $0.56B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.14B. Capital expenditures of $0.52B left free cash flow of $0.49B.
Questions
What was Ovintiv's revenue in the second quarter 2025?
Ovintiv (OVV) reported revenue of $2.3B for the second quarter 2025 (Q2 2025), +1% from a year earlier and -2% from the quarter before.
Was Ovintiv profitable in the second quarter 2025?
Operating profit was $511M (22.0% of revenue) and net earnings $307M.
Source: Ovintiv 10-Q on SEC EDGAR.