Cenovus Energy revenue and financials

CVE · NYSE · USD

Secondary listing. The primary listing is Cenovus Energy · TSX (CAD)

$31.24−0.73%−$0.23

Close · October 6, 2026

In the fiscal year ended December 2025, Cenovus Energy reported revenue of $49.7B (−8.44% year over year). Net income was $3.93B, a net margin of 7.9%.

Annual revenue · 2025: $49.7B

$11.01B2016
$17.04B2017
$20.84B2018
$20.54B2019
$13.54B2020
$46.36B2021
$66.9B2022
$52.2B2023
$54.28B2024
$49.7B2025

Fiscal year ending in December. Sources and method on the page Methodology and sources.

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 · Quarterly
Item	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023
Total revenue	17,427	12,356	10,883	13,195	12,319	13,299	12,813	13,819	14,582	13,063	13,134	14,577
Cost of revenue	11,439	8,103	8,097	10,139	10,289	10,499	10,533	11,351	11,669	9,929	10,783	10,337
Gross profit	5,988	4,253	2,786	3,056	2,030	2,800	2,280	2,468	2,913	3,134	2,351	4,240
Selling, general and administrative	218	411	242	220	153	197	177	172	175	246	71.0	292
Operating income	4,153	2,286	1,034	1,452	724	1,211	769	998	1,423	1,588	951	2,622
EBIT	4,153	2,286	1,034	1,452	724	1,211	769	998	1,423	1,588	951	2,622
EBITDA	5,702	3,741	2,389	2,837	1,966	2,583	1,759	2,272	2,712	2,840	1,983	3,874
Interest expense	135	144	122	95.0	96.0	105	106	104	107	107	109	130
Pre-tax income	3,942	2,084	1,034	1,297	1,016	1,130	184	1,024	1,309	1,554	974	2,425
Income tax	1,072	514	100	11.0	165	271	38.0	204	309	378	231	561
Net income	2,870	1,570	934	1,286	851	859	146	820	1,000	1,176	743	1,864
Net income to common shareholders	2,870	1,568	932	1,284	847	853	137	811	991	1,167	734	1,855
Basic EPS	1.54	0.84	0.51	0.72	0.47	0.47	0.08	0.44	0.53	0.62	0.39	0.98
Diluted EPS	1.53	0.83	0.51	0.72	0.45	0.47	0.07	0.42	0.53	0.62	0.38	0.97
Average shares (basic)	1,860	1,875	1,819	1,789	1,811	1,821	1,826	1,848	1,859	1,868	1,879	1,892
Average shares (diluted)	1,871	1,879	1,836	1,793	1,819	1,831	1,839	1,863	1,874	1,878	1,891	1,905
Dividend per share	0.22	0.20	0.20	0.20	0.20	0.18	0.18	0.18	0.32	0.14	0.14	0.14