Cenovus Earnings Reports

Cenovus Energy achieved record production and downstream throughput in Q3 2025. The company posted higher net income and EPS compared to the prior quarter, driven by stronger oil prices, improved margins, and cost-effective operations. Shareholder returns totaled $1.3 billion for the quarter.

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.