Pretax income is the income that a company earns before paying income taxes. Ovintiv's pretax income for the
three
months ended in Dec. 2023 was $1,067 Mil.
Its pretax income for the trailing twelve months (TTM) ended in Dec. 2023 was $2,510 Mil.
Ovintiv's pretax margin was 33.70%.
During the past 13 years, Ovintiv's highest Pretax Margin was 57.73%. The lowest was -181.14%. And the median was 16.95%.
Ovintiv Pre-Tax Income Historical Data
The historical data trend for Ovintiv's Pre-Tax Income can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Ovintiv's Pre-Tax Income
For the Oil & Gas E&P subindustry, Ovintiv's Pre-Tax Income, along with its competitors' market caps and Pre-Tax Income data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Ovintiv's Pre-Tax Income Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Ovintiv's Pre-Tax Income distribution charts can be found below:
* The bar in red indicates where Ovintiv's Pre-Tax Income falls into.
Ovintiv Pre-Tax Income Calculation
This is the income that a company earns before paying income taxes.
Ovintiv's Pretax Income for the fiscal year that ended in Dec. 2023 is calculated as
Pre-Tax Income for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $2,510 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Ovintiv (NYSE:OVV) Pre-Tax Income Explanation
Ovintiv's Pretax Margin for the quarter that ended in Dec. 2023 is calculated as
During the past 13 years, Ovintiv's highest Pretax Margin was 57.73%. The lowest was -181.14%. And the median was 16.95%.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Ovintiv Pre-Tax Income Related Terms
Thank you for viewing the detailed overview of Ovintiv's Pre-Tax Income provided by GuruFocus.com. Please click on the following links to see related term pages.
Ovintiv is an independent oil and gas producer with key assets in the Permian, Eagle Ford, Montney, and Duvernay areas. At the end of 2019, the company reported net proven reserves of 1,348 million barrels of oil equivalent. Net production averaged 543 thousand barrels of oil equivalent per day in 2020 at a ratio of 53% oil and natural gas liquids and 47% natural gas.
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