Cenovus Earnings Reports

Cenovus delivered solid financial results in Q2 2025, achieving $851 million in net income and executing major turnarounds ahead of schedule. While revenue declined quarter-over-quarter, the company successfully advanced key growth projects and returned significant capital to shareholders.

Cenovus delivered solid Q1 results with $859 million in net income and strong free cash flow of $983 million, supported by rising oil prices, increased upstream production, and improved U.S. refining margins.

Cenovus Energy reported total revenue of $12.8 billion in Q4 2024, a decrease from the previous quarter due to lower commodity prices. The company recorded net earnings of $146 million, a sharp decline from Q3, impacted by weaker refining margins. Total upstream production reached 816,000 BOE/d, a quarterly record for Oil Sands at 628,500 BOE/d. Cenovus returned $706 million to shareholders through dividends and share repurchases.