Cenovus Energy Inc., develops, produces and markets crude oil, natural gas liquids and natural gas in Canada, the United States and the Asia Pacific region. The company is headquartered in Calgary, Canada.
| Revenue (TTM) | $53.86B |
| Gross Profit (TTM) | $16.08B |
| EBITDA | $14.34B |
| Operating Margin | 23.80% |
| Return on Equity | 20.90% |
| Return on Assets | 9.23% |
| Revenue/Share (TTM) | $29.34 |
| Book Value | $13.36 |
| Price-to-Book | 2.33 |
| Price-to-Sales (TTM) | 1.10 |
| EV/Revenue | 1.516 |
| EV/EBITDA | 5.96 |
| Quarterly Earnings Growth (YoY) | 239.10% |
| Quarterly Revenue Growth (YoY) | 41.50% |
| Shares Outstanding | $1.84B |
| Float | $1.53B |
| % Insiders | 29.27% |
| % Institutions | 53.30% |
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Cenovus highlighted record Oil Sands production, higher guidance and cost discipline as major projects advanced in its Q2 2026 earnings call.
Cenovus posts strong Q2 2026 earnings and revenue growth as higher oil prices and Oil Sands output offset lower refinery throughput.
Cenovus Energy delivered outstanding Q2 earnings and free cash flow, overshadowing minor revenue and EPS misses. CVE's annualized EPS of C$1.53 implies a price-earnings ratio near 5. Market skepticism centers on the duration of elevated commodity prices due to the Iranian situation.
Cenovus Energy NYSE: CVE reported record financial results for the second quarter of 2026, supported by higher oil prices, increased oil sands output and strong refinery utilization. The company also raised its full-year production outlook while keeping its capital investment guidance unchanged.
Cenovus Energy delivered strong Q2 cash flow, driven by elevated oil prices and robust refining margins, despite minor revenue and profit estimate misses. CVE's operating cash flow surged to CAD$5.64 billion in Q2, a significant increase over prior quarters, highlighting the company's operational leverage in the current macro environment. Strategic tailwinds include persistent high oil prices, tight refined product supply, and successful production growth following the MEG Energy acquisition.
Cenovus Energy (CVE) came out with quarterly earnings of $1.11 per share, in line with the Zacks Consensus Estimate . This compares to earnings of $0.33 per share a year ago.
CALGARY, Alberta, July 29, 2026 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today announced its second-quarter 2026 financial and operating results. In the quarter, the company generated approximately $5.0 billion of adjusted funds flow and $3.8 billion of free funds flow. Operating results in the quarter included Upstream production of 970.4 thousand barrels of oil equivalent per day (MBOE/d)1 and Downstream crude throughput of 451.5 thousand barrels per day (Mbbls/d), representing an overall crude unit utilization rate of 95%.
CVE heads into Q2 earnings with surging estimates and strong oil-price support, but refining pressure and market risks cloud the case to buy.
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