NYSE: OVV
Ovintiv Inc.CIK 0001792580 · SIC 1311 · Crude Petroleum & Natural Gas
Large
Revenue $8.9B
Assets $19.3B
as of Sep 6, 2026
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8-K
Filed Aug 27, 2026
· Period ending Aug 26, 2026
Summary not yet generated.
8-K
Filed Jul 23, 2026
· Period ending Jul 23, 2026
Summary not yet generated.
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10-Q
Filed Jul 23, 2026
· Period ending Jun 30, 2026
Summary not yet generated.
8-K
Filed May 11, 2026
· Period ending May 11, 2026
Summary not yet generated.
10-Q
Filed May 11, 2026
· Period ending Mar 31, 2026
Summary not yet generated.
8-K
Filed May 8, 2026
· Period ending May 8, 2026
Summary not yet generated.
10-K
Filed Feb 23, 2026
· Period ending Dec 31, 2025
Summary not yet generated.
10-K
Filed Feb 26, 2025
· Period ending Dec 31, 2024
Summary not yet generated.
424B5
Filed May 18, 2023
Summary not yet generated.
424B5
Filed May 12, 2023
Summary not yet generated.
424B3
Filed Dec 11, 2019
Summary not yet generated.
Latest financial statements
From 10-Q filed Jul 23, 2026 (period ending Jun 30, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.
Condensed Consolidated Statement of Earnings (Unaudited)
(US$ millions, except per share amounts)
| Description | Three months ended June 30, 2026 | Three months ended June 30, 2025 | Six months ended June 30, 2026 | Six months ended June 30, 2025 |
|---|---|---|---|---|
| Revenues | ||||
| Product and service revenues | 2,297 | 1,764 | 4,518 | 3,729 |
| Sales of purchased product | 575 | 450 | 931 | 860 |
| Gains (losses) on risk management, net | 122 | 87 | 59 | 71 |
| Sublease revenues | 19 | 17 | 37 | 35 |
| Total Revenues | 3,013 | 2,318 | 5,545 | 4,695 |
| Operating Expenses | ||||
| Production, mineral and other taxes | 81 | 73 | 160 | 160 |
| Transportation and processing | 540 | 435 | 1,011 | 833 |
| Operating | 183 | 219 | 410 | 424 |
| Purchased product | 563 | 440 | 907 | 842 |
| Depreciation, depletion and amortization | 519 | 556 | 1,080 | 1,101 |
| Impairments | - | - | 1,485 | 730 |
| Accretion of asset retirement obligation | 7 | 8 | 14 | 14 |
| Administrative | 126 | 76 | 238 | 169 |
| Total Operating Expenses | 2,019 | 1,807 | 5,305 | 4,273 |
| Operating Income (Loss) | 994 | 511 | 240 | 422 |
| Other (Income) Expenses | ||||
| Interest | 100 | 95 | 204 | 192 |
| Foreign exchange (gain) loss, net | 23 | 22 | 21 | 32 |
| (Gain) loss on divestitures, net | 337 | - | 337 | - |
| Other (gains) losses, net | (5) | (5) | (34) | (8) |
| Total Other (Income) Expenses | 455 | 112 | 528 | 216 |
| Net Earnings (Loss) Before Income Tax | 539 | 399 | (288) | 206 |
| Income tax expense (recovery) | 83 | 92 | (114) | 58 |
| Net Earnings (Loss) | 456 | 307 | (174) | 148 |
| Net Earnings (Loss) per Share of Common Stock | ||||
| Basic | 1.63 | 1.19 | (0.63) | 0.57 |
| Diluted | 1.62 | 1.18 | (0.63) | 0.57 |
| Weighted Average Shares of Common Stock Outstanding (millions) | ||||
| Basic | 280.0 | 259.0 | 274.1 | 259.7 |
| Diluted | 281.9 | 260.1 | 274.1 | 261.6 |
Condensed Consolidated Balance Sheet (Unaudited)
(US$ millions)
| Description | June 30, 2026 | December 31, 2025 |
|---|---|---|
| Assets | ||
| Current Assets | ||
| Cash and cash equivalents | 700 | 35 |
| Accounts receivable and accrued revenues (net of allowances | ||
| of $6 million (2025: $6 million)) | 1,302 | 1,128 |
| Investment in marketable securities | - | 245 |
| Risk management | 187 | 86 |
| Income tax receivable | 60 | 29 |
| 2,249 | 1,523 | |
| Property, Plant and Equipment, at cost: | ||
| Oil and natural gas properties, based on full cost accounting | ||
| Proved properties | 60,174 | 70,133 |
| Unproved properties | 624 | 434 |
| Other | 947 | 864 |
| Property, plant and equipment | 61,745 | 71,431 |
| Less: Accumulated depreciation, depletion and amortization | (48,542) | (57,187) |
| Property, plant and equipment, net | 13,203 | 14,244 |
| Other Assets | 1,290 | 1,299 |
| Risk Management | 185 | 4 |
| Deferred Income Taxes | 29 | 744 |
| Goodwill | 2,324 | 2,576 |
| (Note 3) | 19,280 | 20,390 |
| Liabilities and Shareholders’ Equity | ||
| Current Liabilities | ||
| Accounts payable and accrued liabilities | 2,093 | 1,861 |
| Current portion of operating lease liabilities | 105 | 117 |
| Income tax payable | 2 | 5 |
| Risk management | 32 | 2 |
| Current portion of long-term debt | - | 810 |
| 2,232 | 2,795 | |
| Long-Term Debt | 3,695 | 4,392 |
| Operating Lease Liabilities | 1,118 | 1,105 |
| Other Liabilities and Provisions | 220 | 100 |
| Risk Management | 14 | 13 |
| Asset Retirement Obligation | 385 | 388 |
| Deferred Income Taxes | 117 | 402 |
| 7,781 | 9,195 | |
| Commitments and Contingencies | ||
| Shareholders’ Equity | ||
| Share capital - authorized 775 million shares of stock | ||
| 2026 issued and outstanding: 276.6 million shares (2025: 253.3 million shares) | 3 | 3 |
| Paid in surplus | 8,613 | 7,779 |
| Retained earnings | 2,097 | 2,440 |
| Accumulated other comprehensive income | 786 | 973 |
| Total Shareholders’ Equity | 11,499 | 11,195 |
| 19,280 | 20,390 | |
Condensed Consolidated Statement of Cash Flows (Unaudited)
(US$ millions)
| Description | Three months ended June 30, 2026 | Three months ended June 30, 2025 | Six months ended June 30, 2026 | Six months ended June 30, 2025 |
|---|---|---|---|---|
| Operating Activities | ||||
| Net earnings (loss) | 456 | 307 | (174) | 148 |
| Depreciation, depletion and amortization | 519 | 556 | 1,080 | 1,101 |
| Impairments | - | - | 1,485 | 730 |
| Accretion of asset retirement obligation | 7 | 8 | 14 | 14 |
| Deferred income taxes | 61 | 66 | (149) | (11) |
| Unrealized (gain) loss on risk management | (190) | (54) | (137) | (8) |
| Unrealized foreign exchange (gain) loss | 29 | 2 | 28 | (43) |
| Foreign exchange (gain) loss on settlements | 2 | 1 | 1 | (41) |
| (Gain) loss on divestitures, net | 337 | - | 337 | - |
| Other | 35 | 27 | 10 | 27 |
| Net change in other assets and liabilities | (4) | (11) | (18) | (22) |
| Net change in non-cash working capital | 380 | 111 | 211 | (9) |
| Cash From (Used in) Operating Activities | 1,632 | 1,013 | 2,688 | 1,886 |
| Investing Activities | ||||
| Capital expenditures | (574) | (521) | (1,179) | (1,138) |
| Acquisitions | (14) | (3) | (21) | (2,313) |
| Corporate acquisition, net of cash acquired | - | - | (1,192) | - |
| Proceeds from divestitures | 2,822 | 12 | 2,829 | 1,896 |
| Net change in investments and other | (15) | (46) | 44 | 102 |
| Cash From (Used in) Investing Activities | 2,219 | (558) | 481 | (1,453) |
| Financing Activities | ||||
| Net issuance (repayment) of revolving debt | (877) | 396 | (580) | 481 |
| Issuance of debt under the Term Credit Agreement | - | - | 1,151 | - |
| Repayment of debt under the Term Credit Agreement | (1,151) | - | (1,151) | - |
| Repayment of long-term debt | (720) | (600) | (1,179) | (600) |
| Purchase of shares of common stock | (345) | (147) | (429) | (147) |
| Dividends on shares of common stock | (84) | (77) | (169) | (155) |
| Other | 1 | (2) | (147) | (21) |
| Cash From (Used in) Financing Activities | (3,176) | (430) | (2,504) | (442) |
| Foreign Exchange Gain (Loss) on Cash, Cash Equivalents | ||||
| and Restricted Cash Held in Foreign Currency | (1) | (13) | - | (13) |
| Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash | 674 | 12 | 665 | (22) |
| Cash, Cash Equivalents and Restricted Cash, Beginning of Period | 26 | 8 | 35 | 42 |
| Cash, Cash Equivalents and Restricted Cash, End of Period | 700 | 20 | 700 | 20 |
| Cash, End of Period | 31 | 19 | 31 | 19 |
| Cash Equivalents, End of Period | 669 | 1 | 669 | 1 |
| Restricted Cash, End of Period | - | - | - | - |
| Cash, Cash Equivalents and Restricted Cash, End of Period | 700 | 20 | 700 | 20 |
| Supplementary Cash Flow Information | ||||
Amounts as printed on the EDGAR/iXBRL face — (US$ millions, except per share amounts); (US$ millions). Labels, columns, and figures are the filing face, not a GAAP stencil. Interactive statements & notes on EDGAR ↗