Your Best Stock

Cenovus Energy CVE

US equityMarket cap rank #274Oil & Gas Integrated
$31.66
+$0.58 (+1.85%)
Market open · Sep 24, 2:00 pm ET
After hours $31.08 0.00%
Open$31.46
Prev close$31.08
Day range$31.38 – $31.93
Volume3.80M
Market cap$58.38B
P/E (TTM)12.4
Dividend yield1.83%

Fundamentals

Latest reported quarter: Q2, ended Jun 2026 · reported in CAD

RevenueC$19.09B+47.5% YoY
Operating profitC$4.28B+520.4% YoY
Net profitC$2.87B+237.3% YoY
Diluted EPSC$1.53+240.0% YoY
Free cash flowC$4.44B+266.6% YoY
Operating cash flowC$5.64B

Revenue, last 8 quarters

C$13.8BSep '24C$16.3BDec '24C$14.2BMar '25C$12.9BJun '25C$13.2BSep '25C$13.9BDec '25C$13.3BMar '26C$19.1BJun '26

Net profit, last 8 quarters

C$820.0MSep '24C$146.0MDec '24C$859.0MMar '25C$851.0MJun '25C$1.3BSep '25C$934.0MDec '25C$1.6BMar '26C$2.9BJun '26

Diluted EPS by quarter

0.42Sep '240.07Dec '240.47Mar '250.45Jun '250.72Sep '250.50Dec '250.83Mar '261.53Jun '26

Free cash flow by quarter

C$1.1BSep '24C$551.0MDec '24C$86.0MMar '25C$1.2BJun '25C$977.0MSep '25C$1.0BDec '25C$1.0BMar '26C$4.4BJun '26

Annual revenue

C$13.9BFY20C$48.8BFY21C$71.8BFY22C$55.5BFY23C$57.7BFY24C$52.8BFY25

Profitability & balance sheet

Gross margin28.0%
Operating margin16.0%
Net margin11.5%
Return on equity21.0%
Return on assets11.0%
Return on invested capital16.8%
Current ratio1.63
Liabilities / assets47.5%
Cash & investmentsC$3.17B
Total debtC$11.25B
Net cash (debt)-C$8.08B
Free cash flow / sales12.9%

Where the revenue comes from

Quarter 2026/Q2

By business line

  • OIL SANDSC$11.22B 54.1%
  • United States (US) RefiningC$6.55B 31.6%
  • Canadian RefiningC$1.61B 7.8%
  • ConventionalC$869.00M 4.2%
  • OffshoreC$486.00M 2.3%

This company reports in its own local currency, not U.S. dollars. Every figure below is labeled with its real currency, not automatically converted.

Income statement

Line item 2026 Q2
(CAD)
2026 Q1
(CAD)
2025 ANNUAL
(CAD)
2025 Q4
(CAD)
2025 Q3
(CAD)
Total Revenue as Reported C$17.43B C$12.36B C$49.70B C$10.88B C$13.20B
Total Operating Revenue C$19.09B C$13.34B C$52.75B C$13.94B C$13.20B
Cost of Revenue C$13.20B C$9.09B C$40.94B C$11.15B C$9.87B
Gross Profit C$5.89B C$4.25B C$11.82B C$2.79B C$3.33B
Operating Expense C$1.61B C$1.89B C$7.19B C$1.65B C$1.81B
Selling and Admin Expenses C$218.00M C$411.00M C$812.00M C$242.00M C$220.00M
-General & Admin Expense C$218.00M C$411.00M C$812.00M C$242.00M C$220.00M
Other Operating Expenses C$1.39B C$1.48B C$6.38B C$1.41B C$1.59B
Operating Profit C$4.28B C$2.36B C$4.63B C$1.14B C$1.51B
Net Non-Operating Interest Income (Expense) -C$181.00M -C$194.00M -C$569.00M -C$165.00M -C$154.00M
Non-Operating Interest Income C$21.00M C$26.00M C$132.00M C$21.00M C$28.00M
Non-Operating Interest Expense C$199.00M C$208.00M C$661.00M C$186.00M C$158.00M
Total Other Finance Costs C$3.00M C$12.00M C$40.00M C$0.00 C$24.00M
Other Income (Expense) -C$158.00M -C$81.00M C$419.00M C$59.00M -C$62.00M
Gain on Sale of Security -C$227.00M -C$188.00M C$398.00M C$123.00M -C$155.00M
Earnings from Equity Interest C$46.00M C$15.00M C$53.00M C$8.00M C$9.00M
Special Income (Charges) -C$32.00M C$54.00M -C$147.00M -C$133.00M C$62.00M
-Less:Restructuring and Mergern & Acquisition C$36.00M C$32.00M C$234.00M C$111.00M C$44.00M
-Gain on Sale of Property/Plant/Equipment C$4.00M C$86.00M C$87.00M -C$22.00M C$106.00M
Other Non-Operating Income (Expenses) C$55.00M C$38.00M C$115.00M C$61.00M C$22.00M
Pretax Profit C$3.94B C$2.08B C$4.48B C$1.03B C$1.30B
Tax C$1.07B C$514.00M C$547.00M C$100.00M C$11.00M
Net Profit C$2.87B C$1.57B C$3.93B C$934.00M C$1.29B
Profit from Continuing Operations C$2.87B C$1.57B C$3.93B C$934.00M C$1.29B
Net Income to Parent Company C$2.87B C$1.57B C$3.93B C$934.00M C$1.29B
Net Income to Common Stockholders C$2.87B C$1.57B C$3.92B C$932.00M C$1.28B
Basic EPS C$1.54 C$0.84 C$2.16 C$0.51 C$0.72
Diluted EPS C$1.53 C$0.83 C$2.15 C$0.50 C$0.72
Dividend Per Share C$0.22 C$0.20 C$0.78 C$0.20 C$0.20
Preferred Stock Dividends – C$2.00M C$14.00M C$2.00M C$2.00M

Balance sheet

Line item 2026 Q2
(CAD)
2026 Q1
(CAD)
2025 ANNUAL
(CAD)
2025 Q4
(CAD)
2025 Q3
(CAD)
Total Assets C$65.12B C$64.85B C$63.42B C$63.42B C$53.57B
Total Current Assets C$11.98B C$11.48B C$9.89B C$9.89B C$9.77B
Cash and Cash Equivalents & Short-Term Investments C$3.17B C$2.58B C$2.74B C$2.74B C$1.90B
-Cash and Cash Equivalents C$3.17B C$2.58B C$2.74B C$2.74B C$1.90B
Receivables C$4.45B C$4.78B C$3.54B C$3.54B C$4.74B
-Accounts Receivable C$4.41B C$4.73B C$3.05B C$3.05B C$4.69B
-Taxes Receivable C$36.00M C$41.00M C$366.00M C$366.00M C$54.00M
Inventory C$4.36B C$4.13B C$3.35B C$3.35B C$3.13B
Total Non-Current Assets C$53.14B C$53.37B C$53.53B C$53.53B C$43.80B
Net PPE C$47.62B C$47.80B C$47.99B C$47.99B C$38.32B
-Gross PPE C$81.69B C$80.38B C$79.04B C$79.04B C$68.44B
-Accumulated Depreciation -C$34.06B -C$32.58B -C$31.05B -C$31.05B -C$30.12B
Investments and Advances C$292.00M C$291.00M C$552.00M C$552.00M C$321.00M
-Long Term Equity Investment C$292.00M C$291.00M C$488.00M C$488.00M C$321.00M
Non Current Accounts Receivables C$25.00M C$25.00M C$155.00M C$155.00M C$25.00M
Goodwill and Other Intangible Assets C$2.91B C$2.91B C$2.94B C$2.94B C$2.92B
-Goodwill C$2.91B C$2.91B C$2.91B C$2.91B C$2.92B
Non-Current Deferred Assets C$1.43B C$1.54B C$1.59B C$1.59B C$1.52B
Other Non-Current Assets C$862.00M C$804.00M C$310.00M C$310.00M C$703.00M
Total Liabilities C$30.90B C$32.32B C$31.79B C$31.79B C$25.18B
Total Current Liabilities C$7.35B C$7.33B C$6.31B C$6.31B C$5.65B
Payables C$6.97B C$6.96B C$5.67B C$5.67B C$5.31B
-Accounts Payable C$6.02B C$6.69B C$5.50B C$5.50B C$5.22B
-Total Tax Payable C$952.00M C$265.00M C$98.00M C$98.00M C$93.00M
Short-Term Debt and Capital Lease Obligation C$383.00M C$374.00M C$369.00M C$369.00M C$342.00M
-Current Capital Lease Obligation C$383.00M C$374.00M C$369.00M C$369.00M C$342.00M
Total Non-Current Liabilities C$23.55B C$24.99B C$25.47B C$25.47B C$19.53B
Long Term Debt and Capital Lease Obligation C$11.25B C$13.38B C$13.84B C$13.84B C$9.69B
-Long Term Debt C$8.56B C$10.63B C$11.03B C$11.03B C$7.16B
-Long Term Capital Lease Obligation C$2.69B C$2.75B C$2.81B C$2.81B C$2.53B
Non-Current Liabilities C$5.01B C$4.98B C$4.96B C$4.96B C$5.03B
Non-Current Deferred Liabilities C$5.93B C$5.76B C$5.87B C$5.87B C$3.95B
Employee Benefits C$457.00M C$414.00M C$429.00M C$429.00M C$381.00M
Other Non-Current Liabilities C$901.00M C$452.00M C$377.00M C$377.00M C$484.00M
Total Equity C$34.21B C$32.53B C$31.64B C$31.64B C$28.39B
Stockholders' Equity C$34.20B C$32.52B C$31.62B C$31.62B C$28.37B
Capital Stock C$18.30B C$18.54B C$18.71B C$18.71B C$15.28B
-Common Stock C$18.30B C$18.54B C$18.60B C$18.60B C$15.16B
-Preferred Stock C$0.00 C$0.00 C$113.00M C$113.00M C$113.00M
Additional Paid-In Capital C$292.00M C$292.00M C$298.00M C$298.00M C$296.00M
Retained Earnings C$14.82B C$13.12B C$12.32B C$12.32B C$12.23B
Less: Treasury Stock C$138.00M C$87.00M C$116.00M C$116.00M C$55.00M
Gains/Losses Not Affecting Retained Earnings C$922.00M C$650.00M C$401.00M C$401.00M C$619.00M
Minority Interests C$16.00M C$16.00M C$16.00M C$16.00M C$15.00M
-Due from Related Parties Current – – C$36.00M C$36.00M –
-Other Receivables – – C$93.00M C$93.00M –
Prepaid Assets – – C$260.00M C$260.00M –
-Other Intangible Assets – – C$23.00M C$23.00M –
-Other Payable – – C$66.00M C$66.00M –
Current Accrued Expenses – – C$90.00M C$90.00M –
Current Provisions – – C$26.00M C$26.00M –
Other Equity Interests – – C$4.00M C$4.00M C$10.00M

Cash flow

Line item 2026 Q2
(CAD)
2026 Q1
(CAD)
2025 ANNUAL
(CAD)
2025 Q4
(CAD)
2025 Q3
(CAD)
Operating Cash Flow C$5.64B C$2.18B C$8.23B C$2.41B C$2.13B
Net cash flow from continuing operations C$5.64B C$2.18B C$8.23B C$2.41B C$2.13B
Net Income from Continuing Operations C$2.87B C$1.57B C$3.93B C$934.00M C$1.29B
Gain/Loss from Continuing Operations C$168.00M C$78.00M -C$556.00M -C$93.00M C$23.00M
Depreciation & Depletion & Amortization C$1.49B C$1.47B C$5.19B C$1.37B C$1.32B
Deferred Tax C$301.00M -C$33.00M -C$231.00M C$289.00M -C$327.00M
Other Non-Cash Items C$34.00M C$6.00M -C$42.00M -C$4.00M -C$34.00M
Change in Working Capital C$689.00M -C$1.14B -C$363.00M -C$184.00M -C$241.00M
Net cash flow from investing -C$1.17B -C$1.07B -C$7.68B -C$3.64B -C$1.32B
Net Cash Flow from Continuing Investing Activities -C$1.17B -C$1.07B -C$7.68B -C$3.64B -C$1.32B
Capital Expenditure -C$1.20B -C$1.17B -C$4.91B -C$1.36B -C$1.15B
Net Business Purchase and Sale C$67.00M C$89.00M -C$2.53B -C$2.30B -C$7.00M
Net Investment Purchase and Sale -C$22.00M C$12.00M -C$7.00M C$2.00M C$4.00M
Net Other Investing Changes -C$12.00M -C$1.00M -C$236.00M C$24.00M -C$159.00M
Financing Cash Flow -C$3.93B -C$1.34B -C$749.00M C$2.14B -C$1.52B
Net Cash Flow from Continuing Financing Activities -C$3.93B -C$1.34B -C$749.00M C$2.14B -C$1.52B
Net Issuance Payments Of Debt -C$2.29B -C$590.00M C$2.74B C$3.05B -C$186.00M
Net Common Stock Issuance -C$1.08B -C$356.00M -C$2.15B -C$775.00M -C$939.00M
Net Preferred Stock Issuance C$0.00 -C$300.00M -C$350.00M C$0.00 C$0.00
Cash Dividends Paid -C$411.00M -C$379.00M -C$1.44B -C$380.00M -C$356.00M
Proceeds from Stock Option Exercised C$15.00M -C$4.00M C$32.00M C$15.00M C$7.00M
Net Other Financing Charges -C$164.00M C$294.00M C$413.00M C$230.00M -C$45.00M
Ending Cash Balance C$3.17B C$2.58B C$2.74B C$2.74B C$1.90B
Net Change in Cash C$544.00M -C$224.00M -C$198.00M C$912.00M -C$704.00M
Beginning Cash Balance C$2.58B C$2.74B C$3.09B C$1.90B C$2.56B
Effect of Exchange Rate Changes C$51.00M C$59.00M -C$155.00M -C$73.00M C$42.00M
Free Cash Flow C$4.44B C$1.01B C$3.32B C$1.05B C$977.00M
-Change in Receivables – – -C$699.00M – –
-Change in Inventory – – C$716.00M – –
-Change in Payables and Accrued Expense – – -C$616.00M – –
-Change In Other Working Capital – – C$236.00M – –
Scroll to Top