Ovintiv Inc. OVV
Ovintiv is a leading North American oil and natural gas exploration and production company that is focused on developing its multi-basin portfolio of high-quality assets located in the United States and Canada. Ovintiv's operations also include the marketing of oil, NGLs and natural gas. As at December 31, 2025, all of the Company's reserves and production were located in North America.
Ovintiv's principal office is located at 370 – 17th Street, Suite 1700, Denver, Colorado 80202, U.S.A. Ovintiv's shares of common stock are listed and posted for trading on the NYSE and the TSX under the symbol "OVV".
Ovintiv aims to be a leading producer of oil and natural gas in North America. The Company strives to be at the forefront of driving innovation to both profitably and sustainably provide safe, reliable and affordable energy that makes modern life possible. Ovintiv is committed to delivering quality returns on the capital it invests in its multi-basin portfolio with scale, anchored by its contiguous positions in the two largest remaining undeveloped oil basins in North America, the Permian in Texas and the Montney in Western Canada. Ovintiv is focused on generating significant cash flows and providing durable cash returns to its shareholders through the commodity price cycle.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $8.66B | $8.94B | $10.66B | $14.26B | $10.47B | $5.51B | $7.01B | $5.46B | $3.89B | — |
| SG&A | $331.0M | $365.0M | $393.0M | $422.0M | $442.0M | $395.0M | $489.0M | $157.0M | $254.0M | — |
| Total operating expenses | $7.78B | $7.57B | $8.02B | $8.61B | $7.14B | $11.48B | $6.13B | $4.25B | $3.38B | — |
| Operating income | $1.13B | $1.58B | $2.86B | $3.85B | $1.52B | -$5.40B | $598.0M | $1.69B | $1.07B | — |
| Interest expense | $376.0M | $412.0M | $355.0M | $311.0M | $340.0M | $371.0M | $382.0M | $351.0M | $363.0M | — |
| Pre-tax income | $770.0M | $1.35B | $2.51B | $3.56B | $1.24B | -$5.73B | $315.0M | $1.16B | $1.43B | — |
| Income tax | $472.0M | $226.0M | $425.0M | $77.0M | $177.0M | $367.0M | $81.0M | $94.0M | $603.0M | — |
| Net income | $1.24B | $1.12B | $2.08B | $3.64B | $1.42B | -$6.10B | $234.0M | $1.07B | $827.0M | — |
| EPS, basic | 4.83 | 4.25 | 8.02 | 14.34 | 5.44 | -23.47 | 0.90 | 5.57 | — | — |
| EPS, diluted | 4.78 | 4.21 | 7.90 | 14.08 | 5.32 | -23.47 | 0.90 | 5.57 | 4.25 | — |
| Shares, diluted (wtd. avg.) | $259.7M | $267.4M | $263.9M | $258.4M | $266.4M | $259.8M | $261.2M | $192.0M | $194.6M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $35.0M | $42.0M | $3.0M | $5.0M | $195.0M | $10.0M | $190.0M | $1.06B | $719.0M | $834.0M |
| Short-term investments | $245.0M | — | — | — | — | — | — | — | — | — |
| Total current assets | $1.52B | $1.37B | $1.68B | $1.70B | $1.59B | $1.25B | $1.87B | $2.68B | — | — |
| Property, plant and equipment | $14.24B | $14.36B | $14.64B | $9.47B | $8.76B | $9.45B | $15.19B | $8.97B | — | — |
| Goodwill | $2.58B | $2.55B | $2.60B | $2.58B | $2.63B | $2.62B | $2.61B | $2.55B | — | — |
| Total assets | $20.39B | $19.25B | $19.99B | $15.06B | $14.05B | $14.47B | $21.49B | $15.34B | — | — |
| Accounts payable | $1.86B | $1.88B | $2.21B | $2.22B | $1.98B | $1.70B | $2.24B | $1.49B | — | — |
| Short-term debt | $810.0M | $600.0M | $284.0M | $393.0M | $0 | $518.0M | $0 | $500.0M | — | — |
| Total current liabilities | $2.79B | $2.68B | $2.81B | $2.78B | $2.75B | $2.42B | $2.43B | $2.02B | — | — |
| Long-term debt | $4.39B | $4.85B | $5.45B | $3.18B | $4.79B | $6.37B | $6.97B | $3.70B | — | — |
| Total liabilities | $9.20B | $8.92B | $9.62B | $7.37B | $8.98B | $10.63B | $11.56B | $7.90B | — | — |
| Retained earnings | $2.44B | $1.51B | $697.0M | -$1.08B | -$4.48B | -$5.77B | $421.0M | $435.0M | — | — |
| Total equity | $11.20B | $10.33B | $10.37B | $7.69B | $5.07B | $3.84B | $9.93B | $7.45B | $6.73B | $6.13B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $3.65B | $3.72B | $4.17B | $3.87B | $3.13B | $1.90B | $2.92B | $2.30B | $1.05B | — |
| Depreciation and amortisation | $2.18B | $2.29B | $1.82B | $1.11B | $1.19B | $1.83B | $2.02B | $1.27B | $833.0M | — |
| Capital expenditure | $2.15B | $2.30B | $2.74B | $1.83B | $1.52B | $1.74B | $2.63B | $1.98B | $1.80B | — |
| Investing cash flow | -$2.88B | -$2.46B | -$5.52B | -$1.79B | -$525.0M | -$1.86B | -$2.56B | -$1.55B | -$1.04B | — |
| Financing cash flow | -$762.0M | -$1.23B | $1.36B | -$2.27B | -$2.42B | -$206.0M | -$1.24B | -$396.0M | -$139.0M | — |
| Dividends paid | $308.0M | $316.0M | $307.0M | $239.0M | $122.0M | $97.0M | $102.0M | $56.0M | $57.0M | — |
| Buybacks | $307.0M | $597.0M | $426.0M | $719.0M | $111.0M | $0 | $1.25B | $250.0M | $0 | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-064309.
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