Filing Flows › Ovintiv (OVV) › Q2 2026
Ovintiv (OVV) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 23, 2026
Ovintiv (OVV) reported revenue of $3.0B for the second quarter 2026 (Q2 2026), +30% from a year earlier and +19% from the quarter before. Operating margin was 33.0%, net earnings $456M (15.1% of revenue).
Ovintiv, Q2 2026: revenue $3.0B (+30% year over year), operating margin 33.0%, net earnings $456M, operating cash flow $1.6B. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.0B | +19% | +30% |
| Operating profit | $994M | — | +95% |
| Net earnings | $456M | — | +49% |
| Operating cash flow | $1.6B | +55% | +61% |
| Free cash flow | $1.1B | +135% | +115% |
What changed
Revenue was $3.0B in Q2 2026, up 30% year over year and up 19% from the previous quarter.
Operating profit was $1.0B, a 33.0% margin (up 10.9 points year over year). Of the extra revenue versus Q2 2025, 69% reached operating profit, above the 22% margin then. Total costs grew 12% against revenue growth of 30%. The fastest-growing cost line was General & admin (+66%). Net earnings were $0.46B, up 49% year over year. The effective tax rate was 15.4%.
Operating cash flow was $1.6B (up 61% year over year), 358% of net earnings. Non-cash charges added back $0.52B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.65B. Capital expenditures of $0.57B left free cash flow of $1.1B.
Questions
What was Ovintiv's revenue in the second quarter 2026?
Ovintiv (OVV) reported revenue of $3.0B for the second quarter 2026 (Q2 2026), +30% from a year earlier and +19% from the quarter before.
Was Ovintiv profitable in the second quarter 2026?
Operating profit was $994M (33.0% of revenue) and net earnings $456M.
Source: Ovintiv 10-Q on SEC EDGAR.