Ovintiv Historical Income Statement

OVV Stock

USD 46.71 0.12 0.26%

Historical analysis of Ovintiv income statement accounts such as Gross Profit of 4.3 B can show how well Ovintiv performed in making a profits. Evaluating Ovintiv income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Ovintiv's future profits or losses.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining Ovintiv latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Ovintiv is a good buy for the upcoming year.

Net Income Gross Profit

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ovintiv. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

For more information on how to buy Ovintiv Stock please use our How to Invest in Ovintiv guide.

About Ovintiv Income Statement Analysis

Ovintiv Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Ovintiv shareholders. The income statement also shows Ovintiv investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Ovintiv Income Statement Chart

At this time, Ovintiv's Interest Income is fairly stable compared to the past year. Net Income From Continuing Ops is likely to climb to about 2.2 B in 2024, whereas Total Revenue is likely to drop slightly above 7.9 B in 2024.

Total Revenue Gross Profit Other Operating Expenses Ebit Cost Of Revenue Extraordinary Items

Total Revenue

Total revenue comprises all receipts Ovintiv generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Ovintiv minus its cost of goods sold. It is profit before Ovintiv operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Ovintiv. It is also known as Ovintiv overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Cost Of Revenue

Cost of Revenue is found on Ovintiv income statement and represents the costs associated with goods and services Ovintiv provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.

Most accounts from Ovintiv's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Ovintiv current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ovintiv. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

For more information on how to buy Ovintiv Stock please use our How to Invest in Ovintiv guide.At this time, Ovintiv's Interest Income is fairly stable compared to the past year. Net Income From Continuing Ops is likely to climb to about 2.2 B in 2024, whereas Total Revenue is likely to drop slightly above 7.9 B in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	340M	311M	355M	467.4M
Depreciation And Amortization	1.2B	1.1B	1.8B	1.7B

Interest Expense Depreciation And Amortization

Ovintiv income statement Correlations

	Depreciation And Amortization	Interest Expense	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Selling General Administrative	Selling And Marketing Expenses	Tax Provision	Interest Income	Net Income From Continuing Ops	Net Interest Income	Reconciled Depreciation	Extraordinary Items	Non Recurring	Non Operating Income Net Other
Depreciation And Amortization		0.57	0.24	0.31	0.25	0.43	-0.05	0.19	0.12	0.52	-0.19	-0.24	-0.21	-0.08	0.21	-0.4	-0.11	0.24	-0.26	-0.22	0.39	0.23	-0.18	0.0
Interest Expense	0.57		-0.17	0.16	-0.18	0.04	-0.03	0.1	-0.3	0.57	-0.25	-0.29	-0.19	-0.34	0.4	-0.12	-0.37	0.38	-0.33	-0.39	-0.21	-0.05	-0.04	-0.23
Total Revenue	0.24	-0.17		0.82	0.95	0.67	0.56	0.61	0.72	0.51	0.59	0.3	0.6	0.39	0.33	-0.13	0.24	-0.15	0.45	0.64	0.33	0.43	-0.29	0.77
Gross Profit	0.31	0.16	0.82		0.71	0.64	0.57	0.63	0.36	0.76	0.53	0.23	0.56	0.29	0.23	-0.38	0.05	0.01	0.31	0.52	0.03	0.02	-0.1	0.43
Other Operating Expenses	0.25	-0.18	0.95	0.71		0.6	0.41	0.46	0.74	0.54	0.43	0.2	0.45	0.26	0.47	0.03	0.26	-0.18	0.41	0.63	0.42	0.43	-0.27	0.82
Operating Income	0.43	0.04	0.67	0.64	0.6		0.46	0.55	0.41	0.41	0.31	-0.01	0.37	0.08	0.18	-0.2	-0.1	0.22	0.13	0.32	0.07	0.23	-0.16	0.37
Ebit	-0.05	-0.03	0.56	0.57	0.41	0.46		0.97	0.34	0.26	0.69	0.14	0.82	0.15	0.03	-0.22	-0.1	0.06	0.48	0.26	-0.2	0.26	-0.19	0.43
Ebitda	0.19	0.1	0.61	0.63	0.46	0.55	0.97		0.36	0.38	0.64	0.08	0.76	0.13	0.08	-0.31	-0.13	0.12	0.41	0.21	-0.1	0.3	-0.23	0.43
Cost Of Revenue	0.12	-0.3	0.72	0.36	0.74	0.41	0.34	0.36		0.1	0.48	0.25	0.46	0.38	0.25	0.01	0.43	-0.3	0.51	0.45	0.56	0.78	-0.8	0.81
Total Operating Expenses	0.52	0.57	0.51	0.76	0.54	0.41	0.26	0.38	0.1		0.09	-0.09	0.16	-0.14	0.58	-0.18	-0.01	0.02	0.15	0.32	0.05	-0.03	-0.02	0.33
Income Before Tax	-0.19	-0.25	0.59	0.53	0.43	0.31	0.69	0.64	0.48	0.09		0.8	0.97	0.78	0.08	-0.04	0.26	-0.26	0.55	0.41	0.07	0.29	-0.29	0.44
Total Other Income Expense Net	-0.24	-0.29	0.3	0.23	0.2	-0.01	0.14	0.08	0.25	-0.09	0.8		0.66	0.93	0.09	0.15	0.36	-0.36	0.3	0.28	0.17	0.1	-0.1	0.17
Net Income	-0.21	-0.19	0.6	0.56	0.45	0.37	0.82	0.76	0.46	0.16	0.97	0.66		0.62	0.13	-0.02	0.19	-0.21	0.6	0.42	-0.02	0.28	-0.28	0.48
Income Tax Expense	-0.08	-0.34	0.39	0.29	0.26	0.08	0.15	0.13	0.38	-0.14	0.78	0.93	0.62		-0.08	-0.07	0.39	-0.34	0.28	0.26	0.31	0.22	-0.22	0.19
Selling General Administrative	0.21	0.4	0.33	0.23	0.47	0.18	0.03	0.08	0.25	0.58	0.08	0.09	0.13	-0.08		0.64	0.26	-0.23	0.3	0.38	0.33	0.32	-0.16	0.49
Selling And Marketing Expenses	-0.4	-0.12	-0.13	-0.38	0.03	-0.2	-0.22	-0.31	0.01	-0.18	-0.04	0.15	-0.02	-0.07	0.64		0.28	-0.31	0.22	0.25	0.2	0.11	0.08	0.18
Tax Provision	-0.11	-0.37	0.24	0.05	0.26	-0.1	-0.1	-0.13	0.43	-0.01	0.26	0.36	0.19	0.39	0.26	0.28		-0.96	0.79	0.7	0.72	0.39	-0.39	0.5
Interest Income	0.24	0.38	-0.15	0.01	-0.18	0.22	0.06	0.12	-0.3	0.02	-0.26	-0.36	-0.21	-0.34	-0.23	-0.31	-0.96		-0.81	-0.66	-0.58	-0.3	0.27	-0.46
Net Income From Continuing Ops	-0.26	-0.33	0.45	0.31	0.41	0.13	0.48	0.41	0.51	0.15	0.55	0.3	0.6	0.28	0.3	0.22	0.79	-0.81		0.79	0.4	0.42	-0.42	0.69
Net Interest Income	-0.22	-0.39	0.64	0.52	0.63	0.32	0.26	0.21	0.45	0.32	0.41	0.28	0.42	0.26	0.38	0.25	0.7	-0.66	0.79		0.36	0.2	-0.12	0.7
Reconciled Depreciation	0.39	-0.21	0.33	0.03	0.42	0.07	-0.2	-0.1	0.56	0.05	0.07	0.17	-0.02	0.31	0.33	0.2	0.72	-0.58	0.4	0.36		0.51	-0.44	0.4
Extraordinary Items	0.23	-0.05	0.43	0.02	0.43	0.23	0.26	0.3	0.78	-0.03	0.29	0.1	0.28	0.22	0.32	0.11	0.39	-0.3	0.42	0.2	0.51		-0.8	0.7
Non Recurring	-0.18	-0.04	-0.29	-0.1	-0.27	-0.16	-0.19	-0.23	-0.8	-0.02	-0.29	-0.1	-0.28	-0.22	-0.16	0.08	-0.39	0.27	-0.42	-0.12	-0.44	-0.8		-0.53
Non Operating Income Net Other	0.0	-0.23	0.77	0.43	0.82	0.37	0.43	0.43	0.81	0.33	0.44	0.17	0.48	0.19	0.49	0.18	0.5	-0.46	0.69	0.7	0.4	0.7	-0.53

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Ovintiv Account Relationship Matchups

Ovintiv income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	2.0B	1.9B	1.2B	1.1B	1.8B	1.7B
Interest Expense	382M	371M	340M	311M	355M	467.4M
Total Revenue	6.7B	6.1B	8.7B	12.5B	10.7B	7.9B
Gross Profit	3.4B	2.7B	4.2B	7.3B	3.4B	4.3B
Other Operating Expenses	5.7B	5.5B	7.1B	8.6B	7.8B	5.9B
Operating Income	1.4B	609M	1.5B	3.9B	2.9B	2.1B
Ebit	1.4B	(5.4B)	1.6B	3.9B	2.9B	1.8B
Ebitda	3.4B	(3.5B)	2.8B	5.0B	4.7B	3.4B
Cost Of Revenue	3.3B	3.4B	4.4B	5.2B	7.3B	7.6B
Total Operating Expenses	2.4B	2.2B	2.7B	3.4B	2.1B	2.4B
Income Before Tax	315M	(5.7B)	1.2B	3.6B	2.5B	2.6B
Total Other Income Expense Net	(1.1B)	(333M)	(280M)	(293M)	(354M)	(371.7M)
Net Income	234M	(6.1B)	1.4B	3.6B	2.1B	2.2B
Income Tax Expense	81M	367M	(177M)	(77M)	425M	446.3M
Selling General Administrative	1.6B	1.5B	1.7B	2.0B	2.1B	1.4B
Net Income Applicable To Common Shares	234M	(6.1B)	1.4B	3.6B	4.2B	4.4B
Tax Provision	81M	367M	(177M)	(77M)	425M	446.3M
Interest Income	263M	388M	317M	254M	228.6M	345.3M
Net Income From Continuing Ops	234M	(6.1B)	1.4B	3.6B	2.1B	2.2B
Net Interest Income	(382M)	(371M)	(340M)	(311M)	(355M)	(372.8M)
Reconciled Depreciation	2.0B	1.8B	1.2B	1.1B	1.8B	1.6B

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Ovintiv Historical Income Statement

About Ovintiv Income Statement Analysis

Ovintiv Income Statement Chart

Total Revenue

Gross Profit

Other Operating Expenses

Cost Of Revenue

Ovintiv income statement Correlations

Ovintiv Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Ovintiv income statement Accounts

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Ebitda	+ 0.97	Ebit
Net Income	+ 0.97	Income Before Tax
Other Operating Expenses	+ 0.95	Total Revenue
Income Tax Expense	+ 0.93	Total Other Income Expense Net
Gross Profit	+ 0.82	Total Revenue
Non Operating Income Net Other	+ 0.82	Other Operating Expenses

Interest Income	- 0.96	Tax Provision
Net Income From Continuing Ops	- 0.81	Interest Income
Non Recurring	- 0.8	Extraordinary Items
Non Recurring	- 0.8	Cost Of Revenue
Net Interest Income	- 0.66	Interest Income
Reconciled Depreciation	- 0.58	Interest Income