Cenovus Energy(US:CVE) ZACKS·2025-05-08 14:36Core Insights - Cenovus Energy reported $9.26 billion in revenue for Q1 2025, a year-over-year decline of 6.8% and below the Zacks Consensus Estimate of $9.47 billion, resulting in a surprise of -2.18% [1] - The company's EPS for the same period was $0.32, down from $0.46 a year ago, but exceeded the consensus estimate of $0.29, delivering a surprise of +10.34% [1] Financial Performance - Total upstream production was 818.9 million barrels of oil equivalent per day, slightly below the average estimate of 819.24 million barrels [4] - Total conventional natural gas production was 887.9 million cubic feet per day, exceeding the average estimate of 867.71 million cubic feet [4] - Total oil sands production from Sunrise was 52.1 million barrels per day, above the estimate of 51.8 million barrels [4] - Total oil sands production from Lloydminster Therma was 109.9 million barrels per day, slightly above the estimate of 109.38 million barrels [4] - Total oil sands production from Lloydminster Conventional Heavy Oil was 21.8 million barrels per day, exceeding the estimate of 18.9 million barrels [4] - Total oil sands production was 624.3 million barrels per day, above the estimate of 618.68 million barrels [4] - Light crude oil production from the Atlantic was 11.6 million barrels per day, exceeding the estimate of 9.22 million barrels [4] - Total U.S. refining crude oil unit throughput was 553.5 million barrels per day, slightly below the estimate of 554.13 million barrels [4] Market Performance - Cenovus shares returned -2.1% over the past month, while the Zacks S&P 500 composite increased by +11.3% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]