Filing Flows › Ovintiv (OVV) › Q3 2025
Ovintiv (OVV) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 4, 2025
Ovintiv (OVV) reported revenue of $2.1B for the third quarter 2025 (Q3 2025), -11% from a year earlier and -11% from the quarter before. Operating margin was 13.2%, net earnings $148M (7.2% of revenue).
Ovintiv, Q3 2025: revenue $2.1B (-11% year over year), operating margin 13.2%, net earnings $148M, operating cash flow $812M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.1B | -11% | -11% |
| Operating profit | $273M | -47% | -48% |
| Net earnings | $148M | -52% | -71% |
| Operating cash flow | $812M | -20% | -21% |
| Free cash flow | $268M | -46% | -45% |
What changed
Revenue was $2.1B in Q3 2025, down 11% year over year and down 11% from the previous quarter.
Operating profit was $0.27B, a 13.2% margin (down 9.5 points year over year). Total costs fell 0% while revenue fell 11%. Net earnings were $0.15B, down 71% year over year. The effective tax rate was 22.9%.
Operating cash flow was $0.81B (down 21% year over year), 549% of net earnings. Non-cash charges added back $0.55B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items added $0.10B. Capital expenditures of $0.54B left free cash flow of $0.27B.
Questions
What was Ovintiv's revenue in the third quarter 2025?
Ovintiv (OVV) reported revenue of $2.1B for the third quarter 2025 (Q3 2025), -11% from a year earlier and -11% from the quarter before.
Was Ovintiv profitable in the third quarter 2025?
Operating profit was $273M (13.2% of revenue) and net earnings $148M.
Source: Ovintiv 10-Q on SEC EDGAR.