Cenovus Energy

CVE · TSX · CAD

$46.25+2.78%+$1.25

Close · October 2, 2026

At a glance

Revenue growth: −8.44%; 2025 vs 2024
Net income growth: +25.08%; 2025 vs 2024
Net margin: 7.9%; 2024: 5.8%

Financial data

Amounts in millions of CAD; per-share values in CAD; shares in millions.

Income statement · Annual
Item	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Total revenue	49,696	54,277	52,204	66,897	46,357	13,543	20,542	20,843	17,043	11,006
Cost of revenue	39,024	43,482	41,208	50,900	36,080	12,364	16,061	16,870	13,731	9,932
Gross profit	10,672	10,795	10,996	15,997	10,277	1,179	4,481	3,973	3,312	1,074
Selling, general and administrative	828	826	701	902	858	383	331	1,020	260	318
Research and development	—	—	—	—	—	—	—	—	36.0	36.0
Operating income	4,421	4,778	5,341	8,906	4,272	-2,583	1,605	-1,668	-641	-602
EBIT	4,421	4,778	5,341	8,906	4,272	-2,583	1,605	-1,668	-641	-602
EBITDA	9,525	9,583	9,912	13,098	8,092	488	3,994	2,649	2,192	441
Interest expense	418	424	503	636	728	479	489	516	571	341
Pre-tax income	4,477	4,071	5,040	8,731	1,315	-3,230	1,397	-3,926	2,216	-802
Income tax	547	929	931	2,281	728	-851	-797	-1,010	-52.0	-343
Net income	3,930	3,142	4,109	6,450	587	-2,379	2,194	-2,669	3,366	-545
Net income to common shareholders	3,916	3,106	4,073	6,415	553	-2,379	2,194	-2,916	2,268	-459
Basic EPS	2.16	1.68	2.15	3.29	0.27	-1.94	1.79	-2.37	2.06	-0.55
Diluted EPS	2.15	1.67	2.09	3.20	0.27	-1.94	1.78	-2.37	2.06	-0.55
Average shares (basic)	1,810	1,850	1,895	1,951	2,016	1,229	1,229	1,229	1,103	833
Average shares (diluted)	1,820	1,863	1,940	2,006	2,045	1,229	1,229	1,229	1,103	833
Dividend per share	0.78	0.82	0.53	0.46	0.09	0.06	0.21	0.20	0.20	0.20