Ovintiv Inc (OVV) financial statements: income statement, balance sheet and cash flow

Ovintiv Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Ovintiv Inc reported revenue of $8.9B (-2.7% year on year) and net income of $1.2B (+10.4% year on year).

Income statement

Ovintiv Inc income statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Revenues	$8.7B	$8.9B	$10.7B	$14.3B
Gains (losses) on risk management, net	$172.0M	$135.0M	$151.0M	($1.9B)
Sublease revenues	$73.0M	$74.0M	$71.0M	$68.0M
Total Revenues	$8.9B	$9.2B	$10.9B	$12.5B
Production, mineral and other taxes	$286.0M	$333.0M	$342.0M	$415.0M
Transportation and processing	$1.7B	$1.6B	$1.8B	$1.8B
Operating	$862.0M	$931.0M	$859.0M	$802.0M
Purchased product	$1.4B	$1.5B	$2.8B	$4.1B
Depreciation, depletion and amortization	$2.2B	$2.3B	$1.8B	$1.1B
Impairments	$920.0M	$450.0M	—	$0
Accretion of asset retirement obligation	$28.0M	$19.0M	$19.0M	$18.0M
Administrative	$331.0M	$365.0M	$393.0M	$422.0M
Total Operating Expenses	$7.8B	$7.6B	$8.0B	$8.6B
Operating Income (Loss)	$1.1B	$1.6B	$2.9B	$3.9B
Interest	$376.0M	$412.0M	$355.0M	$311.0M
Foreign exchange (gain) loss, net	$31.0M	($19.0M)	$19.0M	$15.0M
Other (gains) losses, net	($46.0M)	($165.0M)	($20.0M)	($33.0M)
Total Other (Income) Expenses	$361.0M	$228.0M	$354.0M	$293.0M
Net Earnings (Loss) Before Income Tax	$770.0M	$1.4B	$2.5B	$3.6B
Income tax expense (recovery)	($472.0M)	$226.0M	$425.0M	($77.0M)
Net Earnings (Loss)	$1.2B	$1.1B	$2.1B	$3.6B
Basic	$4.83	$4.25	$8.02	$14.34
Diluted	$4.78	$4.21	$7.90	$14.08
Basic	257.2M	264.6M	259.9M	253.6M
Diluted	259.7M	267.4M	263.9M	258.4M

Ovintiv Inc income statement, quarters

Line item	Jun 30, 2026 · Q2	Mar 31, 2026 · Q1	Sep 30, 2025 · Q3	Jun 30, 2025 · Q2
Revenues	$2.9B	$2.6B	$2.0B	$2.2B
Gains (losses) on risk management, net	$122.0M	($63.0M)	$26.0M	$87.0M
Sublease revenues	$19.0M	$18.0M	$20.0M	$17.0M
Total Revenues	$3.0B	$2.5B	$2.1B	$2.3B
Production, mineral and other taxes	$81.0M	$79.0M	$72.0M	$73.0M
Transportation and processing	$540.0M	$471.0M	$452.0M	$435.0M
Operating	$183.0M	$227.0M	$220.0M	$219.0M
Purchased product	$563.0M	$344.0M	$278.0M	$440.0M
Depreciation, depletion and amortization	$519.0M	$561.0M	$545.0M	$556.0M
Impairments	$0	$1.5B	$141.0M	$0
Accretion of asset retirement obligation	$7.0M	$7.0M	$7.0M	$8.0M
Administrative	$126.0M	$112.0M	$78.0M	$76.0M
Total Operating Expenses	$2.0B	$3.3B	$1.8B	$1.8B
Operating Income (Loss)	$994.0M	($754.0M)	$273.0M	$511.0M
Interest	$100.0M	$104.0M	$91.0M	$95.0M
Foreign exchange (gain) loss, net	$23.0M	($2.0M)	($7.0M)	$22.0M
(Gain) loss on divestitures, net	$337.0M	—	—	—
Other (gains) losses, net	($5.0M)	($29.0M)	($3.0M)	($5.0M)
Total Other (Income) Expenses	$455.0M	$73.0M	$81.0M	$112.0M
Net Earnings (Loss) Before Income Tax	$539.0M	($827.0M)	$192.0M	$399.0M
Income tax expense (recovery)	$83.0M	($197.0M)	$44.0M	$92.0M
Net Earnings (Loss)	$456.0M	($630.0M)	$148.0M	$307.0M
Basic	$1.63	-$2.35	$0.58	$1.19
Diluted	$1.62	-$2.35	$0.57	$1.18
Basic	280.0M	268.2M	256.2M	259.0M
Diluted	281.9M	268.2M	258.1M	260.1M

Balance sheet

Ovintiv Inc balance sheet, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Cash and cash equivalents	$35.0M	$42.0M	$3.0M	$5.0M
Accounts receivable and accrued revenues (net of allowances of $6 million (2024: $5 million))	$1.1B	$1.2B	$1.4B	$1.6B
Investment in marketable securities	$245.0M	—	—	—
Risk management	$86.0M	$108.0M	$214.0M	$53.0M
Income tax receivable	$29.0M	$36.0M	$17.0M	$43.0M
Total Current Assets	$1.5B	$1.4B	$1.7B	$1.7B
Proved properties	$70.1B	$66.0B	$64.1B	$57.1B
Unproved properties	$434.0M	$764.0M	$1.5B	$1.2B
Other	$864.0M	$865.0M	$907.0M	$882.0M
Property, plant and equipment	$71.4B	$67.6B	$66.5B	$59.1B
Less: Accumulated depreciation, depletion and amortization	($57.2B)	($53.3B)	($51.8B)	($49.6B)
Property, plant and equipment, net	$14.2B	$14.4B	$14.6B	$9.5B
Other Assets	$1.3B	$965.0M	$1.0B	$1.0B
Risk Management	$4.0M	$0	$4.0M	$34.0M
Deferred Income Taxes	$744.0M	$10.0M	$53.0M	$271.0M
Goodwill	$2.6B	$2.5B	$2.6B	$2.6B
Total Assets	$20.4B	$19.3B	$20.0B	$15.1B
Accounts payable and accrued liabilities	$1.9B	$1.9B	$2.2B	$2.2B
Current portion of operating lease liabilities	$117.0M	$82.0M	$87.0M	$76.0M
Income tax payable	$5.0M	$9.0M	$232.0M	$4.0M
Risk management	$2.0M	$107.0M	$0	$86.0M
Current portion of long-term debt	$810.0M	$600.0M	$284.0M	$393.0M
Total Current Liabilities	$2.8B	$2.7B	$2.8B	$2.8B
Long-Term Debt	$4.4B	$4.9B	$5.5B	$3.2B
Operating Lease Liabilities	$1.1B	$737.0M	$832.0M	$814.0M
Other Liabilities and Provisions	$100.0M	$114.0M	$132.0M	$131.0M
Risk Management	$13.0M	$21.0M	$2.0M	$0
Asset Retirement Obligation	$388.0M	$315.0M	$276.0M	$281.0M
Deferred Income Taxes	$402.0M	$202.0M	$110.0M	$184.0M
Total Liabilities	$9.2B	$8.9B	$9.6B	$7.4B
Share capital - authorized 775 million shares of stock 2025 issued and outstanding: 253.3 million shares (2024: 260.4 million shares)	3.0M	3.0M	3.0M	3.0M
Paid in surplus	$7.8B	$8.0B	$8.6B	$7.8B
Retained earnings	$2.4B	$1.5B	$697.0M	($1.1B)
Accumulated other comprehensive income	$973.0M	$777.0M	$1.1B	$991.0M
Total Shareholders’ Equity	$11.2B	$10.3B	$10.4B	$7.7B
Total Liabilities and Shareholders' Equity	$20.4B	$19.3B	$20.0B	$15.1B

Ovintiv Inc balance sheet, quarters

Line item	Jun 30, 2026	Mar 31, 2026	Sep 30, 2025	Jun 30, 2025
Cash and cash equivalents	$700.0M	$26.0M	$25.0M	$20.0M
Accounts receivable and accrued revenues (net of allowances of $6 million (2025: $6 million))	$1.3B	$1.5B	$1.1B	$1.1B
Investment in marketable securities	$0	$0	—	—
Risk management	$187.0M	$226.0M	$77.0M	$98.0M
Income tax receivable	$60.0M	$81.0M	$13.0M	$5.0M
Total Current Assets	$2.2B	$1.8B	$1.2B	$1.2B
Proved properties	$60.2B	$73.1B	$69.1B	$68.8B
Unproved properties	$624.0M	$814.0M	$489.0M	$649.0M
Other	$947.0M	$972.0M	$862.0M	$879.0M
Property, plant and equipment	$61.7B	$74.9B	$70.5B	$70.4B
Less: Accumulated depreciation, depletion and amortization	($48.5B)	($58.9B)	($56.3B)	($56.0B)
Property, plant and equipment, net	$13.2B	$15.9B	$14.1B	$14.4B
Other Assets	$1.3B	$1.4B	$1.3B	$1.3B
Risk Management	$185.0M	$180.0M	$2.0M	$2.0M
Deferred Income Taxes	$29.0M	$155.0M	$227.0M	$190.0M
Goodwill	$2.3B	$2.8B	$2.6B	$2.6B
Total Assets	$19.3B	$22.3B	$19.4B	$19.7B
Accounts payable and accrued liabilities	$2.1B	$1.9B	$1.7B	$1.8B
Current portion of operating lease liabilities	$105.0M	$129.0M	$112.0M	$108.0M
Income tax payable	$2.0M	$41.0M	$28.0M	$18.0M
Risk management	$32.0M	$241.0M	$0	$7.0M
Current portion of long-term debt	$0	$877.0M	$819.0M	$940.0M
Total Current Liabilities	$2.2B	$3.2B	$2.6B	$2.9B
Long-Term Debt	$3.7B	$5.5B	$4.4B	$4.4B
Operating Lease Liabilities	$1.1B	$1.2B	$1.1B	$1.1B
Other Liabilities and Provisions	$220.0M	$224.0M	$132.0M	$130.0M
Risk Management	$14.0M	$0	$22.0M	$16.0M
Asset Retirement Obligation	$385.0M	$427.0M	$433.0M	$438.0M
Deferred Income Taxes	$117.0M	$182.0M	$432.0M	$359.0M
Total Liabilities	$7.8B	$10.7B	$9.2B	$9.4B
Share capital - authorized 775 million shares of stock 2026 issued and outstanding: 276.6 million shares (2025: 253.3 million shares)	3.0M	3.0M	3.0M	3.0M
Paid in surplus	$8.6B	$8.9B	$7.8B	$7.9B
Retained earnings	$2.1B	$1.7B	$1.6B	$1.5B
Accumulated other comprehensive income	$786.0M	$886.0M	$903.0M	$977.0M
Total Shareholders’ Equity	$11.5B	$11.6B	$10.2B	$10.4B
Total Liabilities and Shareholders' Equity	$19.3B	$22.3B	$19.4B	$19.7B

Cash flow statement

Ovintiv Inc cash flow statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Net earnings (loss)	$1.2B	$1.1B	$2.1B	$3.6B
Depreciation, depletion and amortization	$2.2B	$2.3B	$1.8B	$1.1B
Impairments	$920.0M	$450.0M	—	$0
Accretion of asset retirement obligation	$28.0M	$19.0M	$19.0M	$18.0M
Deferred income taxes	($514.0M)	$144.0M	$144.0M	($87.0M)
Unrealized (gain) loss on risk management	($6.0M)	$136.0M	($194.0M)	($741.0M)
Unrealized foreign exchange (gain) loss	($43.0M)	$35.0M	($6.0M)	$14.0M
Foreign exchange (gain) loss on settlements	($42.0M)	($42.0M)	$6.0M	$8.0M
Other	$21.0M	($115.0M)	$20.0M	$148.0M
Net change in other assets and liabilities	($40.0M)	($74.0M)	($62.0M)	($57.0M)
Net change in non-cash working capital	($93.0M)	($247.0M)	$330.0M	($187.0M)
Cash From (Used in) Operating Activities	$3.7B	$3.7B	$4.2B	$3.9B
Capital expenditures	($2.1B)	($2.3B)	($2.7B)	($1.8B)
Acquisitions	($2.5B)	($205.0M)	($277.0M)	($286.0M)
Corporate acquisition, net of cash acquired	$0	$12.0M	($3.2B)	—
Proceeds from divestitures	$1.9B	$163.0M	$772.0M	$228.0M
Net change in investments and other	($127.0M)	($124.0M)	($45.0M)	$103.0M
Cash From (Used in) Investing Activities	($2.9B)	($2.5B)	($5.5B)	($1.8B)
Net issuance (repayment) of revolving debt	$351.0M	($284.0M)	($109.0M)	$393.0M
Issuance of long-term debt	$0	$0	$2.3B	—
Repayment of long-term debt	($600.0M)	$0	$0	($1.6B)
Purchase of shares of common stock	-307.0M	-597.0M	-426.0M	-719.0M
Dividends on shares of common stock	-308.0M	-316.0M	-307.0M	-239.0M
Other	$102.0M	—	—	—
Cash From (Used in) Financing Activities	($762.0M)	($1.2B)	$1.4B	($2.3B)
Foreign Exchange Gain (Loss) on Cash, Cash Equivalents and Restricted Cash Held in Foreign Currency	($13.0M)	$6.0M	($9.0M)	($2.0M)
Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash	($7.0M)	$39.0M	($2.0M)	($190.0M)
Cash, Cash Equivalents and Restricted Cash, Beginning of Year	$42.0M	$3.0M	$5.0M	$195.0M
Cash, Cash Equivalents and Restricted Cash, End of Year	$35.0M	$42.0M	$3.0M	$5.0M
Cash, End of Year	$23.0M	$4.0M	$3.0M	$5.0M
Cash Equivalents, End of Year	$12.0M	$38.0M	$0	$0
Restricted Cash, End of Year	$0	$0	$0	$0

Ovintiv Inc cash flow statement, quarters

Line item	Jun 30, 2026 · YTD	Mar 31, 2026 · Q1	Sep 30, 2025 · YTD	Jun 30, 2025 · YTD
Net earnings (loss)	($174.0M)	($630.0M)	$296.0M	$148.0M
Depreciation, depletion and amortization	$1.1B	$561.0M	$1.6B	$1.1B
Impairments	$1.5B	$1.5B	$871.0M	$730.0M
Accretion of asset retirement obligation	$14.0M	$7.0M	$21.0M	$14.0M
Deferred income taxes	($149.0M)	($210.0M)	$19.0M	($11.0M)
Unrealized (gain) loss on risk management	($137.0M)	$53.0M	$12.0M	($8.0M)
Unrealized foreign exchange (gain) loss	$28.0M	($1.0M)	($45.0M)	($43.0M)
Foreign exchange (gain) loss on settlements	$1.0M	($1.0M)	($41.0M)	($41.0M)
(Gain) loss on divestitures, net	$337.0M	—	—	—
Other	$10.0M	($25.0M)	$33.0M	$27.0M
Net change in other assets and liabilities	($18.0M)	($14.0M)	($29.0M)	($22.0M)
Net change in non-cash working capital	$211.0M	($169.0M)	($85.0M)	($9.0M)
Cash From (Used in) Operating Activities	$2.7B	$1.1B	$2.7B	$1.9B
Capital expenditures	($1.2B)	($605.0M)	($1.7B)	($1.1B)
Acquisitions	($21.0M)	($7.0M)	($2.3B)	($2.3B)
Corporate acquisition, net of cash acquired	($1.2B)	($1.2B)	$0	$0
Proceeds from divestitures	$2.8B	$7.0M	$1.9B	$1.9B
Net change in investments and other	$44.0M	$59.0M	$136.0M	$102.0M
Cash From (Used in) Investing Activities	$481.0M	($1.7B)	($1.9B)	($1.5B)
Net issuance (repayment) of revolving debt	($580.0M)	$297.0M	$360.0M	$481.0M
Issuance of debt under the Term Credit Agreement	$1.2B	$1.2B	—	—
Repayment of debt under the term credit agreement	($1.2B)	—	—	—
Repayment of long-term debt	($1.2B)	($459.0M)	($600.0M)	($600.0M)
Purchase of shares of common stock	-429.0M	-84.0M	-307.0M	-147.0M
Dividends on shares of common stock	-169.0M	-85.0M	-232.0M	-155.0M
Other	($147.0M)	($148.0M)	—	—
Cash From (Used in) Financing Activities	($2.5B)	$672.0M	($800.0M)	($442.0M)
Foreign Exchange Gain (Loss) on Cash, Cash Equivalents and Restricted Cash Held in Foreign Currency	$0	$1.0M	($9.0M)	($13.0M)
Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash	$665.0M	($9.0M)	($17.0M)	($22.0M)
Cash, Cash Equivalents and Restricted Cash, Beginning of Period	$35.0M	$35.0M	$42.0M	$42.0M
Cash, Cash Equivalents and Restricted Cash, End of Period	$700.0M	$26.0M	$25.0M	$20.0M
Cash, End of Period	$31.0M	$23.0M	$15.0M	$19.0M
Cash Equivalents, End of Period	$669.0M	$3.0M	$10.0M	$1.0M
Restricted Cash, End of Period	$0	$0	$0	$0

Ovintiv Inc score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.