Core Insights - Cenovus Energy Inc. reported strong financial and operational results for Q1 2025, generating over $1.3 billion in cash from operating activities and $2.2 billion in adjusted funds flow [1][10][17] - The company announced an 11% increase in the base dividend to $0.80 per share annually, effective Q2 2025, supported by its growth plan and resilience at a US$45 WTI oil price [2][24] - Cenovus's total revenues for Q1 2025 reached $13.3 billion, up from $12.8 billion in Q4 2024, driven by rising commodity prices [10][18] Financial Performance - Cash from operating activities was $1,315 million, down from $2,029 million in Q4 2024 [4][17] - Adjusted funds flow increased to $2,212 million from $1,601 million in the previous quarter [4][17] - Free funds flow was $983 million, significantly higher than $123 million in Q4 2024 [4][17] - Net earnings for Q1 2025 were $859 million, compared to $146 million in Q4 2024 [4][17] - Long-term debt stood at $7.5 billion, with net debt increasing to $5.1 billion [19] Production and Operational Highlights - Upstream production reached 818,900 barrels of oil equivalent per day (BOE/d), slightly up from 816,000 BOE/d in Q4 2024 [6][12] - Downstream crude throughput was 665,400 barrels per day (bbls/d), consistent with the previous quarter [14] - Canadian refining achieved a record utilization rate of 104%, while U.S. refining had a utilization rate of 90% [8][15] - The company returned $595 million to shareholders, including share purchases and dividends [25] Growth Projects - Cenovus is progressing its major growth projects, including the Narrows Lake and West White Rose projects, with first oil expected in Q3 2025 and Q2 2026, respectively [21][22][23] - The optimization project at Foster Creek is approximately 75% complete and on schedule for startup in 2026 [21] Dividend Declarations - The Board declared a quarterly base dividend of $0.20 per common share, payable on June 30, 2025 [24] - The company also declared dividends on its preferred shares, with rates ranging from 2.577% to 4.568% [24]

Core Viewpoint - Cenovus Energy (CVE) is expected to report quarterly earnings of $0.29 per share, reflecting a 37% decline year-over-year, with revenues projected at $9.55 billion, a decrease of 3.9% compared to the previous year [1]. Earnings Projections - The consensus EPS estimate has been revised downward by 1.6% in the last 30 days, indicating a reassessment by analysts [2]. - Changes in earnings projections are crucial for predicting investor reactions, as empirical studies show a strong correlation between earnings estimate trends and short-term stock price movements [3]. Key Metrics Estimates - Analysts estimate 'Total Upstream Production' to reach 819.24 million barrels of oil equivalent per day, up from 800.9 million barrels in the same quarter last year [5]. - 'Upstream - Total Conventional Natural Gas Production' is expected to be 867.71 million cubic feet per day, compared to 855.8 million cubic feet in the same quarter last year [6]. - 'Upstream - Crude Oil and Natural Gas Liquids - Total Oil Sands Production - Foster Creek' is projected at 200.50 million barrels per day, an increase from 196 million barrels in the same quarter last year [7]. - 'Upstream - Crude Oil and Natural Gas Liquids - Total Oil Sands Production - Christina Lake' is estimated at 238.10 million barrels per day, slightly up from 236.5 million barrels in the same quarter last year [8]. - The estimate for 'Upstream - Crude Oil and Natural Gas Liquids - Total Oil Sands Production - Sunrise' stands at 51.80 million barrels per day, compared to 48.8 million barrels in the same quarter last year [9]. - 'Upstream - Crude Oil and Natural Gas Liquids - Total Oil Sands Production - Lloydminster Therma' is expected to reach 109.38 million barrels per day, down from 114.1 million barrels in the same quarter last year [10]. - 'Upstream - Crude Oil and Natural Gas Liquids - Total Oil Sands Production - Lloydminster Conventional Heavy Oil' is projected at 18.90 million barrels per day, up from 17.9 million barrels in the same quarter last year [11]. - The total estimate for 'Upstream - Crude Oil and Natural Gas Liquids - Total Oil Sands Production' is 618.68 million barrels per day, compared to 613.3 million barrels in the same quarter last year [12]. - 'Downstream - Total Canadian Refining - Heavy Crude Oil Unit Throughput' is expected to be 103.14 million barrels per day, down from 104.1 million barrels in the same quarter last year [13]. - 'Downstream - Total U.S. Refining - Crude Oil Unit Throughput' is projected at 554.13 million barrels per day, compared to 551.1 million barrels in the same quarter last year [13]. - 'Total upstream production - Total Conventional segment production' is estimated at 126.33 million barrels of oil equivalent per day, compared to 27.3 million barrels in the same quarter last year [14]. - 'Total upstream production - Total Offshore segment production' is expected to be 67.58 million barrels of oil equivalent per day, up from 64.9 million barrels in the same quarter last year [15]. Stock Performance - Shares of Cenovus have returned +4.2% over the past month, while the Zacks S&P 500 composite has changed by +11.5%, indicating that CVE is expected to mirror overall market performance in the near future [15].

Core Viewpoint - Cenovus Energy's stock performance has been underwhelming recently, with a significant decline over the past month, and upcoming earnings are expected to show a notable decrease in EPS and revenue compared to the previous year [1][2][3]. Group 1: Stock Performance - Cenovus Energy closed at $11.97, reflecting a +1.7% increase from the previous day, outperforming the S&P 500's gain of 0.63% [1]. - Over the last month, Cenovus Energy's shares have decreased by 16.17%, which is worse than the Oils-Energy sector's loss of 11.18% and the S&P 500's loss of 0.7% [1]. Group 2: Upcoming Earnings - The earnings report for Cenovus Energy is scheduled for May 8, 2025, with an anticipated EPS of $0.29, representing a 36.96% decline from the same quarter last year [2]. - The consensus estimate for revenue is projected at $9.55 billion, indicating a 3.91% decrease from the equivalent quarter last year [2]. Group 3: Annual Estimates - For the annual period, the Zacks Consensus Estimates predict earnings of $1.41 per share and revenue of $38.08 billion, reflecting changes of +15.57% and -3.98% respectively from the previous year [3]. Group 4: Analyst Revisions and Rankings - Recent changes to analyst estimates for Cenovus Energy indicate a dynamic business outlook, with positive revisions suggesting optimism [3]. - The Zacks Rank system, which incorporates estimate changes, currently ranks Cenovus Energy at 3 (Hold) [5]. Group 5: Valuation Metrics - Cenovus Energy has a Forward P/E ratio of 8.36, which is lower than the industry average Forward P/E of 10.38, indicating a valuation discount [6]. - The Oil and Gas - Integrated - Canadian industry, part of the Oils-Energy sector, holds a Zacks Industry Rank of 50, placing it in the top 21% of over 250 industries [6].

CALGARY, Alberta, May 01, 2025 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX:CVE) (NYSE:CVE) will release its first-quarter 2025 results on Thursday, May 8, 2025. 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. First-quarter 2025 conference call: 9 a.m. MT (11 a.m. ET) For analysts wanting to join the call, please register in advance at Conference Call registration. To partici ...

I analyze oil and gas companies like Cenovus Energy and related companies in my service, Oil & Gas Value Research, where I look for undervalued names in the oil and gas space. I break down everything you need to know about these companies -- the balance sheet, competitive position and development prospects. This article is an example of what I do. But for Oil & Gas Value Research members, they get it first and they get analysis on some companies that is not published on the free site. Interested? Sign up he ...

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Cenovus Energy (CVE) closed at $14.30 in the latest trading session, marking a +1.2% move from the prior day. This move lagged the S&P 500's daily gain of 1.77%. At the same time, the Dow added 1.42%, and the tech-heavy Nasdaq gained 2.28%.Shares of the oil company witnessed a loss of 3.15% over the previous month, trailing the performance of the Oils-Energy sector with its gain of 0.43% and outperforming the S&P 500's loss of 5.73%.The investment community will be paying close attention to the earnings per ...

Group 1 - Cenovus Energy announced that its capital budget is "front end loaded," indicating higher capital expenditures in the first two quarters [2] - The oil and gas industry is characterized as a boom-bust, cyclical sector, requiring patience and experience for successful investment [2] Group 2 - The analysis of oil and gas companies focuses on identifying undervalued entities, examining balance sheets, competitive positions, and development prospects [1]

Company Overview - Cenovus Energy's stock closed at $13.07, reflecting a decrease of -1.13% from the previous day, which is less than the S&P 500's loss of 0.91% [1] - Over the past month, Cenovus Energy shares have declined by 13.03%, while the Oils-Energy sector and the S&P 500 have lost 4.23% and 7.38%, respectively [1] Upcoming Earnings - Analysts expect Cenovus Energy to report earnings of $0.40 per share, indicating a year-over-year decline of 13.04% [2] - The consensus estimate for revenue is $9.53 billion, which represents a 4.11% decrease compared to the same quarter last year [2] Fiscal Year Projections - For the entire fiscal year, earnings are projected at $1.63 per share, reflecting a growth of +33.61%, while revenue is expected to be $38.09 billion, showing a decline of -3.95% from the previous year [3] - Recent analyst estimate revisions suggest a changing business outlook, with positive revisions indicating optimism [3] Valuation Metrics - Cenovus Energy is currently trading at a Forward P/E ratio of 8.14, which is lower than the industry average Forward P/E of 9.8 [6] - The Oil and Gas - Integrated - Canadian industry, part of the Oils-Energy sector, has a Zacks Industry Rank of 162, placing it in the bottom 36% of over 250 industries [6] Zacks Rank and Performance - The Zacks Rank system, which evaluates estimate changes, currently ranks Cenovus Energy at 3 (Hold) [5] - The Zacks Consensus EPS estimate has increased by 9.24% in the past month, indicating potential positive sentiment [5]

Group 1: Tariff Impact on Energy Sector - President Trump's 25% import tariffs on Mexico and Canada, along with a 10% tariff on China, are prompting investors to seek shelter from potential fallout, particularly concerning Canadian energy supplies [1] - The United States imports a significant amount of crude oil from Canada, with a third of its crude oil also coming from Mexico; without energy imports, the U.S. would have a trade surplus with Canada [2][4] - The fear of import tariffs has driven a 36.8% drop in Cenovus Energy Inc.'s stock, which is down 8.65% year-to-date as of February 28, 2025 [2] Group 2: Cenovus Energy Overview - Cenovus Energy is one of Canada's largest heavy crude oil producers, with its heavy crude oil from Alberta oil sands being ideal for U.S. refineries [3] - Cenovus has established pipelines transporting heavy crude oil to the Midwest, making it a key supplier for U.S. refineries that rely on Canadian oil [6] - Cenovus has a 50% ownership stake in two refineries in the Midwest, which produce various petroleum products and are strategically located for distribution [7][8] Group 3: Financial Performance and Forecast - Cenovus reported Q4 2024 earnings per share (EPS) of 5 cents, missing analyst estimates by 12 cents, while upstream production rose 1% year-over-year [10] - The company achieved record quarterly and annual oil sands production rates, with downstream refining performance improving significantly [11] - Cenovus's stock forecast indicates a potential upside of 138.68%, with a 12-month price target of $29.25 based on analyst ratings [9] Group 4: Alternative Energy Investment - NRG Energy is highlighted as a major independent power producer in the U.S., generating 23 gigawatts and benefiting from a surge in demand due to the AI and data center boom [13][14] - NRG Energy's stock forecast shows a potential upside of 22.98%, with a 12-month price target of $123.29 [15] - The company reaffirmed its 2025 guidance, forecasting adjusted EPS of $7.25 and adjusted EBITDA of $3.85 billion, indicating strong financial health [16]