Cenovus Energy

Cenovus Energy, Inc. engages in provision of gas and oil. Its activities include development, production, and marketing of crude oil, natural gas liquids (NGLS), and natural gas in Canada. The firm operates through four segments: Oil Sands, Conventional, Refining & Marketing, and Corporate & Eliminations. The Oil sands segment includes the development and production of bitumen in northeast Alberta including Foster Creek, Christina Lake and Narrows Lake as well as projects in the early stages of development. The Conventional segment includes includes land primarily in the Elmworth-Wapiti, Kaybob-Edson, and Clearwater operating areas. The Refining and Marketing segment provides transportation and selling of crude oil, natural gas and NGLS. The Corporate and Eliminations segment includes unrealized gains and losses recorded on derivative financial instruments, divestiture of assets, as well as other administrative, financing activities and research costs. The company was founded in 1881 and is headquartered in Calgary, Canada.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Cenovus Energy, Inc. is a Canadian-based integrated energy company, which engages in the provision of gas and oil. It operates through the following segments: Upstream, Downstream, and Corporate and Eliminations. The Upstream segment refers to operations of oil sands, conventional, and offshore. The Downstream segment operates the Canadian and U.S. refining. The Corporate and Eliminations segment includes the corporates costs for general and administrative. The company was founded in 1881 and is headquartered in Calgary, Canada.

Cenovus Energy (CVE) came out with quarterly earnings of $0.46 per share, beating the Zacks Consensus Estimate of $0.35 per share. This compares to earnings of $0.24 per share a year ago.

Cenovus Energy (CVE) Beats Q1 Earnings Estimates

CALGARY, Alberta, May 01, 2024 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) delivered solid results across its portfolio in the first quarter of 2024. Production from its upstream assets remained strong through the quarter, and reflects scheduled maintenance in the Atlantic region. The downstream assets continued to run with high operational availability, allowing them to benefit from improved benchmark pricing in the U.S. Beginning in the second quarter of 2024, the Board of Directors approved a 29% increase in the base dividend to $0.72 per share annually, and declared a variable dividend of $0.135 per share to fulfill the company's first quarter shareholder return allocation. Consistent with Cenovus's financial framework, the base dividend is fully supported over the long term by funds flow generation at the bottom of the commodity price cycle.

Cenovus announces first-quarter 2024 results

CALGARY, Alberta, April 24, 2024 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX:CVE) (NYSE: CVE) will release its first-quarter 2024 results on Wednesday, May 1. The news release will provide consolidated first-quarter operating and financial information. The company's financial statements will be available on Cenovus's website, cenovus.com.

Cenovus to hold first-quarter conference call and webcast, virtual annual meeting of shareholders on May 1

Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.

Here's Why Cenovus Energy (CVE) is a Strong Momentum Stock

Cenovus Energy (CVE) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Should You Buy Cenovus Energy (CVE) Ahead of Earnings?

Cenovus (CVE) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Will Cenovus (CVE) Beat Estimates Again in Its Next Earnings Report?

Cenovus (CVE) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Cenovus Energy (CVE) to Report Q1 Results: Wall Street Expects Earnings Growth

Diamondback Energy

Occidental Petroleum

The global oil and gas market is valued at $7.62 trillion and is projected to reach $9.34 trillion in 2028, representing a CAGR of 5.2%. Critical components of this rapid growth include modernization, urbanization and geopolitical tensions spiking oil prices.

3 Oil & Gas Stocks to Buy Now: Q2 Edition

Cenovus Energy (CVE) announces a massive $1.5B investment to expand its Toledo and Lima refineries in Ohio, with plans to add 115 jobs and expand its U.S. headquarters.

Cenovus Energy (CVE) Invests $1.5B in Ohio Refineries' Growth

Cenovus Energy has announced a $1.5 billion investment in its Ohio refineries, including Lima and Oregon, according to a local media report on Wednesday.

Cenovus Energy to invest $1.5 billion in Ohio refineries

Startup of the Canadian Trans Mountain Pipeline will ease previous transportation bottlenecks and likely provide a significant tailwind to local benchmark WCS pricing. While all Canadian majors should profit from this, I see Cenovus Energy as having the most leverage towards both WCS differentials and a generally favorable oil price outlook. I estimate CVE can hit its net debt target by Q3, allowing for 100% of FCF to be allocated towards shareholders for a potential ~7.3% total distribution yield (peers ~6.5%).

Cenovus Energy: My Top Pick Among Canadian Majors

Cenovus is a high-margin integrated oil company with dividends covered even with US$45-WTI. The company is about to switch to a 100% payout ratio, which could force the market to pay more for the stock. With a current stock price of C$29 and oil prices at $80-WTI, the dividend+buyback yield could reach 15% by 2025.

Cenovus Energy: Several Catalysts Could Soon Unlock The Value

Cenovus Energy has a history of significant integration and opportunistic acquisitions. Margin expansion and above average growth should continue for years to come. The company's cash flow has about tripled (by fiscal 2022) in less than seven years, and it is expected to continue growing.

Cenovus Energy: Lots Of Cash Flow At A Cheap Price

Coterra Energy

Devon Energy

Cheniere Energy

ONEOK

Williams

Energy stocks – particularly those focused on natural gas – look particularly interesting at the moment. natural gas prices plunged by 62% in 2023.

7 Energy Stocks to Scoop Up as Natural Gas Prices Hit Rock Bottom

Cenovus Energy (CVE) criticizes the Canadian government for providing limited support to a C$16.5B carbon capture initiative, urging more financial backing and clarity.

Cenovus Energy (CVE) Voices Concern Over Carbon Capture Aid

Cenovus Energy (CVE) sets the stage for a major production leap of 19% over the next five years, eyeing 950K boe/day by 2029.

Cenovus Energy (CVE) Maps Out an Ambitious 5-Year Expansion Plan

B2Gold

Crescent Point Energy

Barrick Gold

Limoneira

Opera Ltd - ADR

TransAlta

Passive income usually denotes high-priced blue chips but certain cheap dividend stocks to buy can offer the best of all worlds. Yes, they're risky and you don't want to put all your eggs in one basket.

7 Cheap Dividend Stocks to Grab for Under $20 This March

Cenovus Energy , Canada's third-largest oil producer, said on Tuesday it plans to boost energy production by 19% during the next five years as the country's pipeline capacity expands.

Canadian oil producer Cenovus to boost production 19% in five years

CALGARY, Alberta, Feb. 27, 2024 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX:CVE) (NYSE: CVE) will hold its 2024 Investor Day in Toronto on Tuesday, March 5, 2024, at 8:30 a.m. ET (6:30 a.m. MT). Members of Cenovus's Leadership Team will provide an update on the company's strategy, outlook and operations to invited institutional investors and analysts.

Cenovus to webcast Investor Day 2024

Cenovus Energy achieved significant operational milestones in Q4'23, including the successful restart of two refineries and progress on the TMX pipeline. Canadian oil industry is expected to benefit from the TMX pipeline, potentially reducing oil differentials and boosting profitability. Despite headwinds, Cenovus Energy remains committed to debt reduction and returning excess free cash flow to shareholders, offering attractive investment opportunities.

Cenovus Energy: Possibly One Of The Most Undervalued Energy Stocks

Cenovus' (CVE) Q4 earnings gain from higher contributions from the Oil Sands unit and lower expenses.

Cenovus (CVE) Tops on Q4 Earnings, Expects '24 Production Hike

Cenovus Energy Inc. has reduced debt by over C$900 million in the latest quarter. It will not be long before the company hits the net debt goal of $4 billion. The company's refining abilities insulate a lot of production from thermal oil pricing discounts, allowing for more cash flow in the future.

Cenovus Energy: Calling All Dividend Investors

Cenovus Energy Inc. (CVE) Q4 2023 Earnings Call Transcript

Cenovus Energy (CVE) came out with quarterly earnings of $0.29 per share, beating the Zacks Consensus Estimate of $0.25 per share. This compares to earnings of $0.29 per share a year ago.

Cenovus Energy (CVE) Surpasses Q4 Earnings Estimates

Cenovus Energy narrowly missed estimates for quarterly profit on Thursday, hit by lower oil prices.

News for Cenovus Energy Stock (CVE)