Filing Flows › Ovintiv (OVV) › Q4 2025
Ovintiv (OVV) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 23, 2026
Ovintiv (OVV) reported revenue of $2.1B for the fourth quarter 2025 (Q4 2025), -2% from a year earlier and +4% from the quarter before. Operating margin was 20.3%, net earnings $946M (44.1% of revenue).
Ovintiv, Q4 2025: revenue $2.1B (-2% year over year), operating margin 20.3%, net earnings $946M, operating cash flow $954M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.1B | +4% | -2% |
| Operating profit | $436M | +60% | 218× |
| Net earnings | $946M | +539% | — |
| Operating cash flow | $954M | +17% | -6% |
| Free cash flow | $489M | +82% | +4% |
What changed
Revenue was $2.1B in Q4 2025, down 2% year over year and up 4% from the previous quarter.
Operating profit was $0.44B, a 20.3% margin (up 20.2 points year over year). Total costs fell 22% while revenue fell 2%. Net earnings were $0.95B. The tax line was a benefit of $0.57B on pre-tax earnings of $0.37B.
Operating cash flow was $1.0B (down 6% year over year), 101% of net earnings. Non-cash charges added back $0.53B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.54B. Capital expenditures of $0.47B left free cash flow of $0.49B.
Questions
What was Ovintiv's revenue in the fourth quarter 2025?
Ovintiv (OVV) reported revenue of $2.1B for the fourth quarter 2025 (Q4 2025), -2% from a year earlier and +4% from the quarter before.
Was Ovintiv profitable in the fourth quarter 2025?
Operating profit was $436M (20.3% of revenue) and net earnings $946M.
Source: Ovintiv 10-K on SEC EDGAR.