Jun 2026 (Q2 FY26) β Jul 24, 2026
Ovintiv Q2 FY26 β Strong Permian & Montney Performance Drives Oil Production Guidance Increase and Enhanced Shareholder Returns
Read the full callOvintiv earnings: last reported Fri, 24 Jul 2026, for the quarter ended Jun 2026.
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 3,013 | +30.0% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 33.0 | +11.0 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 456 | +48.5% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Price
1Y: $36.56 on 22 Oct 2025 β $72.27. High $72.27 (23 Oct 2026), low $36.56 (22 Oct 2025).
Overview
Call summaries
Ovintiv Q2 FY26 β Strong Permian & Montney Performance Drives Oil Production Guidance Increase and Enhanced Shareholder Returns
Read the full callOvintiv Q1 FY26 β Strong Operational Performance and Accelerated Debt Reduction
Read the full callOvintiv Q4 FY25 β Portfolio Transformation Complete, Enhanced Shareholder Returns
Read the full callEvery analysed call
Financials
Net profit, year on year: +49% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 2,324 | 2,188 | 2,377 | 2,318 | 2,066 | 2,147 | 2,532 | 3,013 |
| Expenses | 1,797 | 2,186 | 2,466 | 1,807 | 1,793 | 1,711 | 3,286 | 2,019 |
| Operating profit | 527 | 2 | -89 | 511 | 273 | 436 | -754 | 994 |
| Operating margin | 22.7% | 0.1% | β3.7% | 22.0% | 13.2% | 20.3% | β29.8% | 33.0% |
| Interest | 103 | 106 | 97 | 95 | 91 | 93 | 104 | 100 |
| Profit before tax | 558 | -101 | -193 | 399 | 192 | 372 | -827 | 539 |
| Tax rate | 9.1% | 40.6% | 17.6% | 23.1% | 22.9% | β154.3% | 23.8% | 15.4% |
| Net profit | 507 | -60 | -159 | 307 | 148 | 946 | -630 | 456 |
| EPS ($ per share) | 1.93 | β | -0.61 | 1.19 | 0.58 | β | -2.35 | 1.63 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 4,656 | 7,061 | 3 | 3 | 3 | 3 | 3 | 3 |
| Reserves | 435 | 421 | -5,773 | -4,479 | -1,081 | 697 | 1,506 | 2,440 |
| Total liabilities | 7,897 | 11,557 | 10,632 | 8,981 | 7,367 | 9,617 | 8,923 | 9,195 |
| Fixed assets | 8,972 | 15,191 | 9,450 | 8,761 | 9,468 | 14,640 | 14,364 | 14,244 |
| Investments | β | β | β | β | β | β | β | 245 |
| Total assets | 15,344 | 21,487 | 14,469 | 14,055 | 15,056 | 19,987 | 19,254 | 20,390 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 2,300 | 2,921 | 1,895 | 3,129 | 3,866 | 4,167 | 3,721 | 3,652 |
| Cash from investing | -1,555 | -2,556 | -1,864 | -525 | -1,786 | -5,519 | -2,457 | -2,884 |
| Cash from financing | -396 | -1,238 | -206 | -2,419 | -2,268 | 1,359 | -1,231 | -762 |
| Net cash flow | 339 | -868 | -180 | 185 | -190 | -2 | 39 | -7 |
| Capital expenditure | -1,975 | -2,626 | -1,736 | -1,519 | -1,831 | -2,744 | -2,303 | -2,147 |
| Free cash flow | 325 | 295 | 159 | 1,610 | 2,035 | 1,423 | 1,418 | 1,505 |
Usa Operations shrank from 66% to 57% of revenue over the last two years.
| Segment | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Usa Operations | 61% | 131% | 71% | 69% | 66% | 61% | 57% | 58% | +9.8% |
| Canadian Operations | 19% | 30% | 31% | 33% | 34% | 33% | 42% | 39% | +56.2% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies β Segment Shift
| KPI | Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|
| Oil production | ~225K bbl/dWe delivered volumes at the high end of our guidance ranges for each product, including oil and condensate production of approximately 225,000 barrels per day.Source: earnings call transcript | 206K bbl/dOur oil and condensate volumes averaged 206,000 barrels per day, above the high end of our guide, with total volumes coming in at 615,000 BOEs per day.Source: earnings call transcript | β |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
72 filings between Nov 19, 2025 and Aug 12, 2026.
Purchases
None
No insider bought shares.
Sales
$5.74M
6 sales by 5 insiders
Also filed: 14 dispositions to the issuer, 4 gifts, 1 other.
| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Givens Gregory Dean | β | $4.14M | Dec 12, 2025 |
| Eilers Meghan Nicole | β | $634.5K | Mar 13, 2026 |
| Moore Rachel Maureen | β | $490.9K | Aug 12, 2026 |
| Mayson Howard John | β | $261.9K | Mar 3, 2026 |
| NANCE STEVEN W | β | $209.9K | Dec 8, 2025 |
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Aug 12, 2026 | Moore Rachel Maureen EVP, Corporate Services | Sale | 7,753 | $490.9K |
| Aug 11, 2026 | McCracken Brendan Michael President & CEO | Disposition to issuer | 5,098 | $324.0K |
| Aug 11, 2026 | McCracken Brendan Michael President & CEO | Option exercise | 5,098 | $117.0K |
| Aug 7, 2026 | McCracken Brendan Michael President & CEO | Disposition to issuer | 5,500 | $329.2K |
| Aug 7, 2026 | McCracken Brendan Michael President & CEO | Option exercise | 5,500 | $126.2K |
| May 21, 2026 | Pita George Director | Option exercise | 3,510 | β |
| May 21, 2026 | King Terri Gay Director | Option exercise | 3,510 | β |
| May 21, 2026 | Shaw Brian Gordon Director | Tax withheld | 1,683 | $138.8K |
| May 21, 2026 | Chhina Sippy Director | Option exercise | 3,505 | β |
| May 21, 2026 | RICKS THOMAS G Director | Option exercise | 3,510 | β |
| May 21, 2026 | Chhina Sippy Director | Tax withheld | 1,739 | $143.0K |
| May 21, 2026 | Hill Gregory P. Director | Option exercise | 3,218 | β |
| May 21, 2026 | Mayson Howard John Director | Option exercise | 3,510 | β |
| May 21, 2026 | NANCE STEVEN W Director | Option exercise | 5,704 | β |
| May 21, 2026 | Gentle Meg Director | Option exercise | 3,510 | β |
| May 21, 2026 | Shaw Brian Gordon Director | Option exercise | 3,505 | β |
| May 21, 2026 | IZZO RALPH Director | Option exercise | 3,510 | β |
| Mar 13, 2026 | Eilers Meghan Nicole EVP, M&M & GC | Sale | 11,582 | $634.5K |
| Mar 11, 2026 | McCracken Brendan Michael President & CEO | Award | 962 | $0 |
| Mar 10, 2026 | Givens Gregory Dean EVP & COO | Tax withheld | 6,100 | $321.0K |
| Mar 10, 2026 | Givens Gregory Dean EVP & COO | Option exercise | 15,502 | β |
| Mar 10, 2026 | Code Corey Douglas EVP & CFO | Option exercise | 13,494 | β |
| Mar 10, 2026 | Eilers Meghan Nicole EVP, M&M & GC | Tax withheld | 3,486 | $183.4K |
| Mar 10, 2026 | Eilers Meghan Nicole EVP, M&M & GC | Option exercise | 8,858 | β |
| Mar 10, 2026 | Moore Rachel Maureen EVP, Corporate Services | Option exercise | 7,054 | β |
| Mar 10, 2026 | Code Corey Douglas EVP & CFO | Tax withheld | 6,477 | $342.8K |
| Mar 10, 2026 | McCracken Brendan Michael President & CEO | Option exercise | 43,849 | β |
| Mar 10, 2026 | McCracken Brendan Michael President & CEO | Tax withheld | 19,185 | $1.01M |
| Mar 10, 2026 | Moore Rachel Maureen EVP, Corporate Services | Tax withheld | 3,387 | $179.2K |
| Mar 9, 2026 | Givens Gregory Dean EVP & COO | Disposition to issuer | 30,843 | $1.61M |
| Mar 9, 2026 | Givens Gregory Dean EVP & COO | Option exercise | 30,843 | β |
| Mar 9, 2026 | Givens Gregory Dean EVP & COO | Tax withheld | 9,731 | $506.7K |
| Mar 9, 2026 | Givens Gregory Dean EVP & COO | Option exercise | 24,728 | β |
| Mar 9, 2026 | Code Corey Douglas EVP & CFO | Disposition to issuer | 22,598 | $1.19M |
| Mar 9, 2026 | Eilers Meghan Nicole EVP, M&M & GC | Option exercise | 13,257 | β |
| Mar 9, 2026 | Code Corey Douglas EVP & CFO | Tax withheld | 9,353 | $490.7K |
| Mar 9, 2026 | Moore Rachel Maureen EVP, Corporate Services | Disposition to issuer | 12,053 | $632.3K |
| Mar 9, 2026 | Moore Rachel Maureen EVP, Corporate Services | Option exercise | 12,053 | β |
| Mar 9, 2026 | Code Corey Douglas EVP & CFO | Option exercise | 19,484 | β |
| Mar 9, 2026 | Moore Rachel Maureen EVP, Corporate Services | Tax withheld | 4,821 | $252.9K |
| Mar 9, 2026 | Moore Rachel Maureen EVP, Corporate Services | Option exercise | 10,042 | β |
| Mar 9, 2026 | McCracken Brendan Michael President & CEO | Disposition to issuer | 79,675 | $4.15M |
| Mar 9, 2026 | McCracken Brendan Michael President & CEO | Option exercise | 79,675 | β |
| Mar 9, 2026 | Eilers Meghan Nicole EVP, M&M & GC | Tax withheld | 3,957 | $206.0K |
| Mar 9, 2026 | Eilers Meghan Nicole EVP, M&M & GC | Option exercise | 15,421 | β |
| Mar 9, 2026 | Eilers Meghan Nicole EVP, M&M & GC | Disposition to issuer | 15,421 | $803.0K |
| Mar 9, 2026 | McCracken Brendan Michael President & CEO | Tax withheld | 28,510 | $1.48M |
| Mar 9, 2026 | McCracken Brendan Michael President & CEO | Option exercise | 65,163 | β |
| Mar 9, 2026 | Code Corey Douglas EVP & CFO | Option exercise | 22,598 | β |
| Mar 3, 2026 | Mayson Howard John Director | Sale | 5,000 | $261.9K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table β absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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