Ovintiv Inc.

Listed Company

OVVCIK 0001792580NYSELarge AcceleratedCrude Petroleum & Natural GasDelawareFY ends Dec 31

Period

FY 2025

Revenue

$8.91B

Net Income

$1.24B

Total Assets

$20.39B

Equity

$11.20B

Shares Out

281.02M

Op. Cash Flow

$3.65B

OVV$57.78+44.45% · past yearDBEQ Basic

Daily closing prices

Business

Ovintiv Inc. is a leading North American oil and natural gas exploration and production company focused on developing multi-basin assets in the United States and Canada. The company explores for, develops, and produces oil, natural gas liquids (NGLs), and natural gas, and markets these products to refiners, distributors, and aggregators. Operations are organized into two reportable segments: USA Operations (Permian and Anadarko plays) and Canadian Operations (Montney play), with all reserves and production located in North America.

Summary from 10-K filed 2026-02-23

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenues	8,663	8,943	10,661	14,263	10,468
Gains (losses) on risk management, net	172	135	151	−1,867	−1,883
Sublease revenues	73	74	71	68	73
Total Revenues	8,908	9,152	10,883	12,464	8,658
Production, mineral and other taxes	286	333	342	415	293
Transportation and processing	1,724	1,639	1,766	1,786	1,616
Operating	862	931	859	802	625
Purchased product	1,447	1,546	2,815	4,055	2,951
Depreciation, depletion and amortization	2,179	2,290	1,825	1,113	1,190
Impairments	920	450	0	0	0
Accretion of asset retirement obligation	28	19	19	18	22
Administrative	331	365	393	422	442
Total Operating Expenses	7,777	7,573	8,019	8,611	7,139
Operating Income (Loss)	1,131	1,579	2,864	3,853	1,519
Interest	376	412	355	311	340
Foreign exchange (gain) loss, net	31	−19	19	15	−23
Other (gains) losses, net	−46	−165	−20	−33	−37
Total Other (Income) Expenses	361	228	354	293	280
Net Earnings (Loss) Before Income Tax	770	1,351	2,510	3,560	1,239
Income tax expense (recovery)	−472	226	425	−77	−177
Net Earnings (Loss)	1,242	1,125	2,085	3,637	1,416
Basic (per share)	4.83	4.25	8.02	14.34	5.44
Diluted (per share)	4.78	4.21	7.9	14.08	5.32
Basic (shares)	257	265	260	254	260
Diluted (shares)	260	267	264	258	266

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	35	42	3	5	195
Accounts receivable and accrued revenues (net of allowances of $6 million (2024: $5 million))	1,128	1,183	1,442	1,594	1,294
Investment in marketable securities	245	—	—	—	—
Risk management	86	108	214	53	1
Income tax receivable	29	36	17	43	97
Total Current Assets	1,523	1,369	1,676	1,695	1,587
Proved properties	70,133	66,009	64,084	57,054	55,475
Unproved properties	434	764	1,486	1,172	1,944
Other	864	865	907	882	903
Property, plant and equipment	71,431	67,638	66,477	59,108	58,322
Less: Accumulated depreciation, depletion and amortization	−57,187	−53,274	−51,837	−49,640	−49,561
Property, plant and equipment, net	14,244	14,364	14,640	9,468	8,761
Other Assets	1,299	965	1,015	1,004	1,079
Risk Management	4	0	4	34	0
Deferred Income Taxes	744	10	53	271	0
Goodwill	2,576	2,546	2,599	2,584	2,628
Total Assets	20,390	19,254	19,987	15,056	14,055
Accounts payable and accrued liabilities	1,861	1,883	2,209	2,221	1,979
Current portion of operating lease liabilities	117	82	87	76	62
Income tax payable	5	9	232	4	4
Risk management	2	107	0	86	703
Current portion of long-term debt	810	600	284	393	0
Total Current Liabilities	2,795	2,681	2,812	2,780	2,748
Long-Term Debt	4,392	4,853	5,453	3,177	4,786
Operating Lease Liabilities	1,105	737	832	814	889
Other Liabilities and Provisions	100	114	132	131	190
Risk Management	13	21	2	0	25
Asset Retirement Obligation	388	315	276	281	339
Deferred Income Taxes	402	202	110	184	4
Total Liabilities	9,195	8,923	9,617	7,367	8,981
Commitments and Contingencies	—	—	—	—	—
Share capital - authorized 775 million shares of stock 2025 issued and outstanding: 253.3 million shares (2024: 260.4 million shares)	3	3	3	3	3
Paid in surplus	7,779	8,045	8,620	7,776	8,458
Retained earnings	2,440	1,506	697	−1,081	−4,479
Accumulated other comprehensive income	973	777	1,050	991	1,092
Total Shareholders Equity	11,195	10,331	10,370	7,689	5,074
Total Liabilities and Shareholders' Equity	20,390	19,254	19,987	15,056	14,055

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net earnings (loss)	1,242	1,125	2,085	3,637	1,416
Deferred income taxes	−514	144	144	−87	−21
Unrealized (gain) loss on risk management	−6	136	−194	−741	488
Unrealized foreign exchange (gain) loss	−43	35	−6	14	21
Foreign exchange (gain) loss on settlements	−42	−42	6	8	−11
Other	21	−115	20	148	104
Net change in other assets and liabilities	−40	−74	−62	−57	−39
Net change in non-cash working capital	−93	−247	330	−187	−41
Cash From (Used in) Operating Activities	3,652	3,721	4,167	3,866	3,129
Capital expenditures	−2,147	−2,303	−2,744	−1,831	−1,519
Acquisitions	−2,537	−205	−277	−286	−11
Corporate acquisition, net of cash acquired	0	12	−3,225	0	0
Proceeds from divestitures	1,927	163	772	228	1,025
Net change in investments and other	−127	−124	−45	103	−20
Cash From (Used in) Investing Activities	−2,884	−2,457	−5,519	−1,786	−525
Net issuance (repayment) of revolving debt	351	−284	−109	393	−950
Issuance of long-term debt	0	0	2,278	0	0
Repayment of long-term debt	−600	0	0	−1,634	−1,137
Purchase of shares of common stock	−307	−597	−426	−719	−111
Dividends on shares of common stock	−308	−316	−307	−239	−122
Other	102	−34	−77	—	—
Cash From (Used in) Financing Activities	−762	−1,231	1,359	−2,268	−2,419
Foreign Exchange Gain (Loss) on Cash, Cash Equivalents and Restricted Cash Held in Foreign Currency	−13	6	−9	−2	0
Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash	−7	39	−2	−190	185

Filings

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Frequently asked questions

What is Ovintiv Inc.'s CIK number?

Ovintiv Inc.'s SEC CIK number is 0001792580 (1792580). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find Ovintiv Inc.'s SEC filings?

All of Ovintiv Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did Ovintiv Inc. last report earnings?

Ovintiv Inc. (OVV) most recently filed an earnings 8-K with the SEC on May 11, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001193125-26-217081). This is Ovintiv Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.

What is Ovintiv Inc.'s most recent earnings 8-K?

Ovintiv Inc.'s latest earnings 8-K (Item 2.02) was filed May 11, 2026 under accession 0001193125-26-217081. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View Ovintiv Inc.'s latest earnings 8-K →
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