Ovintiv (OVV) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

By Zacks Equity Research | February 23, 2026, 9:30 PM

For the quarter ended December 2025, Ovintiv (OVV) reported revenue of $2.15 billion, down 1.9% over the same period last year. EPS came in at $1.39, compared to $1.35 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $1.95 billion, representing a surprise of +10.21%. The company delivered an EPS surprise of +42.46%, with the consensus EPS estimate being $0.98.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Ovintiv performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Production Volumes - Oil & Plant Condensate - Total: 208.7 millions of barrels of oil versus 208.02 millions of barrels of oil estimated by six analysts on average.
  • Production Volumes - NGLs-Other - Total: 97.2 millions of barrels of oil versus the six-analyst average estimate of 95.53 millions of barrels of oil.
  • Production Volumes - Total - Total: 623.4 millions of barrels of oil equivalent versus the six-analyst average estimate of 619.89 millions of barrels of oil equivalent.
  • Production Volumes - Natural Gas - Total: 1905 millions of cubic feet versus the six-analyst average estimate of 1905.97 millions of cubic feet.
  • Production Volumes - Oil - Total: 140.9 millions of barrels of oil versus the three-analyst average estimate of 139.91 millions of barrels of oil.
  • Production Volumes - NGLs - Total - Total: 165 millions of barrels of oil versus 163.81 millions of barrels of oil estimated by three analysts on average.
  • Production Volumes - Oil & NGLs - Total: 305.9 millions of barrels of oil compared to the 303.71 millions of barrels of oil average estimate based on three analysts.
  • Production Volumes - Total - Canadian Operations: 304.6 millions of barrels of oil equivalent versus 306.89 millions of barrels of oil equivalent estimated by three analysts on average.
  • Production Volumes - Total - USA Operations: 318.8 millions of barrels of oil equivalent compared to the 314.16 millions of barrels of oil equivalent average estimate based on three analysts.
  • Revenues- Canadian Operations: $747 million versus $706.65 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +17.3% change.
  • Revenues- USA Operations: $1.36 billion versus the three-analyst average estimate of $1.2 billion. The reported number represents a year-over-year change of -51.7%.
  • Revenues- Corporate & other: $36 million compared to the $-42.16 million average estimate based on two analysts. The reported number represents a change of -164.3% year over year.

View all Key Company Metrics for Ovintiv here>>>

Shares of Ovintiv have returned +23.3% over the past month versus the Zacks S&P 500 composite's +1.8% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.

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This article originally published on Zacks Investment Research (zacks.com).

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