Financial Performance - Cenovus Energy Inc. reported over $2.0 billion in cash from operating activities for Q4 2024, down from $2.5 billion in Q3 2024 [14][22] - Adjusted funds flow for Q4 2024 was $1.6 billion, a decrease from $2.0 billion in the previous quarter [14][22] - The company generated $123 million in free funds flow in Q4 2024, compared to $614 million in Q3 2024 [14][22] - Net earnings for Q4 2024 were $146 million, significantly lower than $820 million in Q3 2024 [14][22] Production and Operations - Total upstream production reached 816,000 barrels of oil equivalent per day (BOE/d) in Q4 2024, a 6% increase from the previous quarter [6][9] - Oil Sands production set a new quarterly record at 628,500 BOE/d [6][9] - Total downstream throughput increased to 666,700 barrels per day (bbls/d), up from 642,900 bbl/d in Q3 2024 [11][12] Revenue and Margins - Total revenues for Q4 2024 were $12.8 billion, down from $13.8 billion in Q3 2024, primarily due to lower commodity prices [7][21] - The total operating margin was $2.3 billion, slightly lower than $2.4 billion in the previous quarter [8][21] - Upstream operating margin remained stable at $2.7 billion, while the downstream segment experienced a shortfall of $396 million due to weak refining crack spreads [8][21] Shareholder Returns - The company returned $706 million to shareholders in Q4 2024, including $108 million through share purchases and $348 million in dividends [32][22] - For the full year 2024, Cenovus returned $3.2 billion to shareholders [32][22] Growth Projects - Cenovus achieved significant milestones in its major upstream growth projects, including the mechanical completion of the Narrows Lake pipeline and the West White Rose project [17][18] - The optimization project at Foster Creek is 64% complete and on schedule for startup in 2026 [17][18] Reserves - At the end of 2024, Cenovus's total proved reserves were approximately 5.7 billion BOE, with a proved reserves life index of about 19 years [27][27]

The upcoming report from Cenovus Energy (CVE) is expected to reveal quarterly earnings of $0.18 per share, indicating a decline of 37.9% compared to the year-ago period. Analysts forecast revenues of $9.99 billion, representing an increase of 3.6% year over year.The current level reflects an upward revision of 15.1% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this perio ...

Analysts on Wall Street project that Cenovus Energy (CVE) will announce quarterly earnings of $0.18 per share in its forthcoming report, representing a decline of 37.9% year over year. Revenues are projected to reach $9.99 billion, increasing 3.6% from the same quarter last year.Over the last 30 days, there has been an upward revision of 15.1% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecas ...

Wall Street analysts expect Cenovus Energy (CVE) to post quarterly earnings of $0.18 per share in its upcoming report, which indicates a year-over-year decline of 37.9%. Revenues are expected to be $9.99 billion, up 3.6% from the year-ago quarter.Over the last 30 days, there has been an upward revision of 15.1% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timefr ...

CALGARY, Alberta, Feb. 13, 2025 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX:CVE) (NYSE:CVE) will release its fourth-quarter and full-year 2024 results on Thursday, February 20, 2025. The news release will provide consolidated fourth-quarter operating and financial information. The company's financial statements will be available on Cenovus's website, cenovus.com. Conference call: 9 a.m. MT (11 a.m. ET) To join the conference call, please dial 1-800-206-4400 (toll-free in North America) or 1-289-514-5005 to ...

Cenovus Energy (CVE) closed the most recent trading day at $15.50, moving +1.97% from the previous trading session. The stock exceeded the S&P 500, which registered a gain of 0.03% for the day. On the other hand, the Dow registered a gain of 0.28%, and the technology-centric Nasdaq decreased by 0.36%.Shares of the oil company witnessed a loss of 0.52% over the previous month, trailing the performance of the Oils-Energy sector with its gain of 0.76% and the S&P 500's gain of 4.19%.The upcoming earnings relea ...

Cenovus Energy (CVE) closed the latest trading day at $15.06, indicating a +0.53% change from the previous session's end. The stock outperformed the S&P 500, which registered a daily gain of 0.39%. At the same time, the Dow added 0.71%, and the tech-heavy Nasdaq gained 0.2%.Heading into today, shares of the oil company had lost 3.91% over the past month, lagging the Oils-Energy sector's gain of 1.79% and the S&P 500's gain of 1.7% in that time.The investment community will be paying close attention to the e ...

Company Performance - Cenovus Energy (NYSE: CVE) demonstrated strong performance despite volatility in gas and oil prices, attributed to its integrated upstream and downstream operations which help mitigate risks [1] Analyst Background - The analyst specializes in the industrial sector, valuing companies with a strong history of operational excellence and investor focus [1] - The analyst's investment philosophy has been beneficial over the years, and they aim to share insights on potential investment opportunities [1] Disclosure - The analyst holds a beneficial long position in Cenovus Energy (CVE) through stock ownership, options, or other derivatives [2] - The article reflects the analyst's personal opinions and is not compensated by any company mentioned [2]

Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today:FRONTLINE PLC (FRO) is a shipping company, engages in the seaborne transportation of crude oil and oil products. The Zacks Consensus Estimate for its current year earnings has been revised 30.2% downward over the last 60 days.DHT (DHT) operates a fleet of double-hull crude oil tankers on international routes. The Zacks Consensus Estimate for its current year earnings has been revised 13.0% downward over the last 60 days.Cenovus Energy ...

Core Insights - Cenovus Energy Inc. has announced its 2025 corporate guidance, targeting a capital investment range of $4.6 - $5.0 billion and aiming for upstream production of 805,000 to 845,000 barrels of oil equivalent per day (BOE/d) [1][2] Capital Investment Strategy - Approximately $3.2 billion of the capital budget will be allocated to sustaining base production and ensuring safe operations, while $1.4 - $1.8 billion will focus on advancing upstream growth projects [2] - The company maintains a disciplined capital management strategy, keeping net debt near $4.0 billion and returning 100% of excess free funds flow to shareholders [2] Production and Growth Initiatives - Cenovus Energy projects 2025 oil sands production to be between 615,000 and 635,000 barrels per day (bbls/d), with non-fuel operating costs expected to remain at $8.50 - $9.50 per barrel [4] - Key investments include $600 - $700 million for growth initiatives, targeting optimization and enhanced recovery at Foster Creek, new well pads at Sunrise, and development in the Lloydminster area [4] - The Narrows Lake project is on track for first oil by mid-2025, contributing to a projected production growth of 150,000 BOE/d by the end of 2028 [3][4] Downstream Operations - Anticipated crude throughput for downstream operations is between 650,000 and 685,000 bbls/d, reflecting a 4% increase from 2024 [6] - Canadian refining throughput is expected to be between 100,000 and 105,000 bbls/d, while U.S. refining throughput is projected at 550,000 - 580,000 bbls/d, with a 7% decline in operating costs for the U.S. refining segment [6] Corporate Efficiency - Corporate expenses are expected to remain in line with 2024 levels, aided by reduced IT upgrade costs as the company recalibrates its enterprise-wide systems project [7] - Cenovus Energy's 2025 plans reflect a balanced approach to growth and cost efficiency, positioning the company for long-term value creation while meeting operational milestones and returning capital to shareholders [7]