OVV — what changed in the latest 10-Q
A section-by-section comparison of OVV's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-07-23 vs the prior 10-Q · 2026-05-11
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +102 | −60 | ~40 | 73 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~5 | 8 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 0 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Other information
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-07-23
Reported net earnings of $456 million, or $1.62 per share diluted.
Recognized a loss on the divestiture of the Company’s Anadarko assets of $337 million, before tax, and allocated goodwill of $502 million to the transaction.
Recognized a net gain on risk management in revenues of $122 million, before tax.
Generated cash from operating activities of $1,632 million and Non-GAAP Cash Flow of $1,256 million.
Purchased for cancellation, approximately 6.1 million shares of common stock for total consideration of approximately $345 million.
Text removed vs the prior filing · source: 10-Q · 2026-05-11
Reported a net loss of $630 million, or $2.35 per share diluted, including non-cash ceiling test impairments of $1,154 million, after tax, or $4.30 per share diluted.
Recognized a net loss on risk management in revenues of $63 million, before tax.
Generated cash from operating activities of $1,056 million and Non-GAAP Cash Flow of $1,239 million.
Purchased for cancellation, approximately 1.5 million shares of common stock for total consideration of approximately $84 million.
Paid dividends of $0.30 per share of common stock totaling $85 million.
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice