Filing Flows › Ovintiv (OVV) › Q2 2026 › vs Q1 2026
Ovintiv (OVV) Q2 2026 vs Q1 2026 (quarter over quarter)
Ovintiv's revenue rose $481M (+19%) from $2.5B in Q1 2026 to $3.0B in Q2 2026. Operating margin 33.0% against -29.8% (+62.8 pts).
Ovintiv, Q2 2026: revenue $3.0B (+30% year over year), operating margin 33.0%, net earnings $456M, operating cash flow $1.6B. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 33.0% | -29.8% | +62.8 pts |
| Net margin | 15.1% | -24.9% | +40.0 pts |
| Free cash flow margin | 35.1% | 17.8% | +17.3 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $3.0B | $2.5B | $481M | +19% |
| Operating profit | $994M | −$754M | $1.7B | — |
| Costs & expenses | $2.0B | $3.3B | −$1.3B | -39% |
| Pre-tax earnings | $539M | −$827M | $1.4B | — |
| Other expense, net | $455M | $73.0M | $382M | +523% |
| General & admin | $126M | $112M | $14.0M | +12% |
| Other operating costs | $1.9B | $3.2B | −$1.3B | -40% |
| Net earnings | $456M | −$630M | $1.1B | — |
| Income tax | $83.0M | −$197M | $280M | — |
| Depreciation & amortization | $519M | $561M | −$42.0M | -7% |
| Share-based compensation | $11.0M | $18.0M | −$7.0M | -39% |
| Working capital & other | $646M | $1.1B | −$461M | -42% |
| Operating cash flow | $1.6B | $1.1B | $576M | +55% |
| Free cash flow (OCF − capex) | $1.1B | $451M | $607M | +135% |
| Capital expenditures | $574M | $605M | −$31.0M | -5% |
Questions
How much did Ovintiv's revenue grow quarter over quarter in Q2 2026?
Ovintiv's revenue rose $481M (+19%) from $2.5B in Q1 2026 to $3.0B in Q2 2026. Operating margin 33.0% against -29.8% (+62.8 pts).