Ovintiv Inc 2026年季度报告

(Mark One) ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934 For the quarterly period ended March 31, 2026 or ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934Commission file number 001-39191 Ovintiv Inc. (Exact name of registrant as specified in its charter) 84-4427672(I.R.S. Employer Identification No.) Delaware(State or other jurisdiction of incorporation or organization) Securities registered pursuant to Section 12(b) of the Act:Title of each classTrading Symbol(s)Name of each exchange on which registeredCommon SharesOVVNew York Stock Exchange Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of theSecurities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to filesuch reports), and (2) has been subject to such filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to besubmitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorterperiod that the registrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer,smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,”“smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filer☒Non-accelerated filer☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transitionperiod for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the ExchangeAct.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒ Number of registrant’s shares of common stock outstanding as of May 1, 2026 OVINTIV INC.FORM 10-QTABLE OF CONTENTS PART I Item 1.Financial StatementsCondensed Consolidated Statement of EarningsCondensed Consolidated Statement of Comprehensive IncomeCondensed Consolidated Balance SheetCondensed Consolidated Statement of Changes in Shareholders’ EquityCondensed Consolidated Statement of Cash FlowsNotes to Condensed Consolidated Financial Statements Item 2.Management’s Discussion and Analysis of Financial Condition and Results of OperationsItem 3.Quantitative and Qualitative Disclosures about Market RiskItem 4.Controls and Procedures PART II Item 1.Legal ProceedingsItem 1A.Risk FactorsItem 2.Unregistered Sales of Equity Securities and Use of ProceedsItem 3.Defaults Upon Senior SecuritiesItem 4.Mine Safety DisclosuresItem 5.Other InformationItem 6.ExhibitsSignatures 5959596060606061 DEFINITIONS Unless the context otherwise requires or otherwise expressly stated, all references in this Quarterly Report on Form 10-Q to“Ovintiv,” the “Company,” “us,” “we,” “our,” and “ours” refer to Ovintiv Inc. and its consolidated subsidiaries. In addition, thefollowing are other abbreviations and definitions of certain terms used within this Quarterly Report on Form 10‑Q: “AECO” means Alberta Energy Company and is the Canadian benchmark price for natural gas. “ASU” means Accounting Standards Update.“bbl” or “bbls” means barrel or barrels.“BOE” means barrels of oil equivalent.“Btu” means British thermal units, a measure of heating value.“CORRA” means Canadian Overnight Repo Rate Average.“DD&A” means depreciation, depletion and amortization expenses.“FASB” means Financial Accounting Standards Board.“GHG” means greenhouse gas.“Mbbls/d” means thousand barrels per day.“MBOE/d” means thousand barrels of oil equivalent per day.“Mcf” means thousand cubic feet.“MD&A” means Management’s Discussion and Analysis of Financial Condition and Results of Operations.“MMBOE” means million barrels of oil equivalent.“MMBtu” means million Btu.“MMcf/d” means million cubic feet per day.“NCIB” means normal course issuer bid.“NGL” or “NGLs” means natural gas liquids.“NYMEX” means New York Mercantile Exchange.“NYSE” means New York Stock Exchange.“OPEC” means Organization of the Petroleum Exporting Countries.“SEC” means United States Securities and Exchange Commission.“SOFR” means Secured Overnight Financial Rate.“S&P 400” means Standard and Poor’s MidCap 400 index.“TSX” means Toronto Stock Exchange.“U.S.”, “United States” or “USA” means United States of America.“U.S. GAAP” means U.S. Generally Accepted Accounting Principles.“WTI” means West Texas Intermediate. CONVERSIONS In this Quarterly Report on Form 10-Q, a conversion of natural gas volumes to BOE is on the basis of six Mcf to one bbl. BOE isbased on a generic energy equivalency conversion method primarily applicable at the burner tip and does not repr