AI-extracted from the 10-Q filed 2026-07-23 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Ovintiv's Q2 2026 revenue from customers was $2.87B as a 56% jump in realized oil prices and the NuVista acquisition offset the loss of Anadarko volumes, which the company sold for $2.8B and used to redeem debt.
Biggest Revenue Drivers
Oil$1,126M+$293M YoY
Higher realized oil prices (+56% YoY) added $405M, partly offset by lower volumes from the Anadarko divestiture, which cut revenue by $112M.
NGLs$862M+$318M YoY
Higher plant condensate prices (+53% YoY) and NuVista Acquisition volumes drove the gain, partly offset by Montney declines and the Anadarko divestiture.
Biggest Revenue Drivers
Total revenue: $2.87B
Oil$1,126M+$293M YoY
Higher realized oil prices (+56% YoY) added $405M, partly offset by lower volumes from the Anadarko divestiture, which cut revenue by $112M.
NGLs$862M+$318M YoY
Higher plant condensate prices (+53% YoY) and NuVista Acquisition volumes drove the gain, partly offset by Montney declines and the Anadarko divestiture.
Sales of purchased product$575M+$125M YoY
Higher realized third-party liquids pricing and higher purchased natural gas volumes, partly offset by lower purchased liquids volumes.
Natural gas$305M-$73M YoY
Lower realized gas prices (AECO -27%, NYMEX -16%) reduced revenue, partly offset by higher volumes from the NuVista Acquisition.
Largest Expense Items
Purchased product$563M+$123M YoY
Higher third-party liquids purchase prices (+$205M) and volumes, partly offset by lower purchased liquids volumes (-$99M).
Transportation and processing$540M+$105M YoY
Higher production volumes from the NuVista Acquisition (+$91M) and higher Montney midstream costs, partly offset by the Anadarko divestiture (-$36M).
Depreciation, depletion and amortization$519M-$37M YoY
Lower USA volumes from the Anadarko divestiture, partly offset by higher Canadian volumes from the NuVista Acquisition.
Administrative$126M+$50M YoY
Increase primarily due to higher restructuring costs of $44M tied to workforce reductions following the Anadarko asset sale.
Margins: Operating income rose to $994M from $511M in Q2 2025, driven by higher oil and NGL prices and lower DD&A, with no ceiling test impairments recognized in the quarter (unlike H1 2026's $1,485M impairment, taken in Q1).
Watch Items from the Filing
H1 2026 non-cash ceiling test impairments totaled $1,485M ($1,111M USA, $374M Canada) due to lower 12-month trailing prices and NuVista purchase price marks.
NuVista's acquired assets (17% of consolidated total assets, 8% of six-month consolidated revenue) are excluded from management's internal controls assessment for up to one year.
Simultaneous $2.8B Anadarko divestiture (Oklahoma, USA) and $2.8B NuVista acquisition (Alberta Montney) materially reshaped the portfolio, with Anadarko generating a $337M pre-tax loss.
Debt to Adjusted EBITDA improved to 0.8x with total liquidity of approximately $4.4 billion as at June 30, 2026.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
About Ovintiv Inc. (OVV): stock profile, AI score and financials
Ovintiv Inc. (OVV) stock profile, AI quality score, and SEC EDGAR financial data, a Energy sector company. 13F Pro's AI-powered ranking engine scores OVV at 60.7/100 on a composite quality score built from its SEC filings, placing it at rank #841 of 2,925 stocks — the top half of the AI-ranked universe. OVV scores in the top quartile across revenue scale (86.2), institutional flow (80.6), free cash flow (77.6). Areas of concern include revenue growth (16.3), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q2 2026), Ovintiv Inc. reports quarterly revenue of $3.0B, net income of $456.0M, an operating margin of 33.0%. OVV trades on the NYSE exchange and files with the SEC under CIK 1792580. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate OVV daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Ovintiv Inc. directly from SEC EDGAR.