v3.26.1
Leases
6 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Leases

11.

Leases

The following table outlines Ovintiv’s estimated future sublease income as at June 30, 2026. All subleases are classified as operating leases.

 

(undiscounted)

 

2026

 

 

2027

 

 

2028

 

 

2029

 

 

2030

 

 

Thereafter

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sublease Income

 

$

22

 

 

$

45

 

 

$

42

 

 

$

37

 

 

$

37

 

 

$

279

 

 

$

462

 

 

For the three and six months ended June 30, 2026, operating lease income was $14 million and $27 million, respectively (2025 - $13 million and $26 million, respectively), and variable lease income was $5 million and $10 million, respectively (2025 - $4 million and $9 million, respectively).