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Cenovus Energy Inc (CVE)
NYSE:CVE
Earnings Data
Report Date
Jul 24, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.18Last Year’s EPS
0.38Same Quarter Last Year
Moderate Buy
Based on 11 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 08, 2025
|% Change Since: 12.76%
|Next Earnings Date:Jul 24, 2025
Earnings Call Sentiment|Positive
Cenovus Energy reported strong operational and financial performance with significant production achievements and increased shareholder returns. However, the company faced challenges in the downstream segment with operating margin shortfalls and elevated net debt levels above their target, though these are being actively managed.Company Guidance
In the first quarter of 2025, Cenovus Energy reported robust operational and financial performance with a focus on safety and strategic growth. Upstream production reached 819,000 barrels of oil equivalent per day, with Christina Lake contributing 238,000 barrels per day and the Narrows Lake project on track for first oil in the third quarter. Foster Creek produced 203,000 barrels per day and is undergoing a turnaround, with an expected increase of 30,000 barrels per day in production by early 2026. Sunrise averaged 52,000 barrels per day, with work commencing on new well pads. In the downstream sector, Canadian refining achieved a record utilization rate of 104%, while U.S. refining saw improvements in throughput and reliability. Financially, the company generated $2.8 billion in operating margin and $2.2 billion in adjusted funds flow, with oil sands non-fuel operating costs at $8.92 per barrel. The company also announced an 11% increase in its annual base dividend to $0.80 per share, reflecting confidence in long-term growth. Cenovus continues to focus on reducing costs and maintaining a strong balance sheet, with net debt at approximately $5.1 billion.Safety Achievements
Cenovus reported over 27 million hours worked with a total recordable incident frequency of 0.18, highlighting exceptional safety performance.
Upstream Production Success
Upstream production reached 819,000 BOE per day, with significant contributions from Christina Lake and the completion of the Narrows Lake project.
Foster Creek Optimization
Foster Creek production reached 203,000 barrels per day due to new well pads and redevelopment programs. A turnaround was also successfully initiated.
Downstream Record Performance
Canadian refining performance was strong with a record quarterly throughput and utilization rate of 104%.
Financial Growth
Cenovus generated $2.8 billion in operating margin, with an 11% increase in the annual base dividend to $0.80 per share.
Debt Management
Net debt was reduced to $5.1 billion, with a focus on maintaining a strong balance sheet while returning $595 million to shareholders.
CVE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
CVE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 08, 2025 | $11.76 | $12.76 | +8.50% |
Feb 20, 2025 | $15.48 | $15.14 | -2.20% |
Oct 31, 2024 | $16.37 | $15.78 | -3.60% |
Aug 01, 2024 | $19.61 | $18.36 | -6.37% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Cenovus Energy Inc (CVE) report earnings?
Cenovus Energy Inc (CVE) is schdueled to report earning on Jul 24, 2025, TBA Not Confirmed.
What is Cenovus Energy Inc (CVE) earnings time?
Cenovus Energy Inc (CVE) earnings time is at Jul 24, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CVE EPS forecast?
CVE EPS forecast for the fiscal quarter 2025 (Q2) is 0.18.
