Cenovus Energy Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Cenovus Energy Inc reported revenue of $49.7B (-8.4% year on year) and net income of $3.9B (+25.1% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Revenues | $49.7B | $54.3B | $52.2B | $66.9B |
| Purchased Product, Transportation and Blending | $32.7B | $36.6B | — | — |
| Operating | $6.3B | $6.8B | $6.4B | $5.6B |
| (Gain) Loss on Risk Management | ($37.0M) | $58.0M | $61.0M | $1.6B |
| Depreciation, Depletion, Amortization and Exploration Expense | $5.2B | $4.9B | — | — |
| (Income) Loss From Equity-Accounted Affiliates | ($53.0M) | ($66.0M) | ($51.0M) | ($15.0M) |
| General and Administrative | $812.0M | $794.0M | $688.0M | $865.0M |
| Finance Costs, Net | $569.0M | $514.0M | $671.0M | $820.0M |
| Integration, Transaction and Other Costs | $234.0M | $166.0M | $85.0M | $106.0M |
| Foreign Exchange (Gain) Loss, Net | ($361.0M) | $462.0M | ($67.0M) | $343.0M |
| (Gain) Loss on Divestiture of Assets | ($87.0M) | ($119.0M) | ($14.0M) | ($269.0M) |
| Re-measurement of Contingent Payments | $0 | $30.0M | $59.0M | $162.0M |
| Other (Income) Loss, Net | ($115.0M) | ($55.0M) | ($63.0M) | ($532.0M) |
| Earnings (Loss) Before Income Tax | $4.5B | $4.1B | $5.0B | $8.7B |
| Income Tax Expense (Recovery) | $547.0M | $929.0M | $931.0M | $2.3B |
| Net Earnings (Loss) | $3.9B | $3.1B | $4.1B | $6.5B |
| Actuarial Gain (Loss) Relating to Pension and Other Post-Employment Benefits | $17.0M | $14.0M | — | — |
| Change in the fair value of equity instruments at FVOCI | ($25.0M) | $71.0M | — | — |
| Foreign Currency Translation Adjustment | ($1.9B) | $1.0B | — | — |
| Total Other Comprehensive Income (Loss), Net of Tax | ($1.9B) | $1.1B | — | — |
| Comprehensive Income (Loss) | $2.0B | $4.2B | — | — |
| Net Earnings (Loss) Per Share — Basic (in CAD per share) | $2.16 | $1.68 | $2.15 | $3.29 |
| Net Earnings (Loss) Per Share — Diluted (in CAD per share) | $2.15 | $1.67 | $2.12 | $3.20 |
| Line item | Sep 30, 2025 · YTD | Sep 30, 2024 · YTD | Sep 30, 2023 · YTD | Jun 30, 2022 · YTD |
|---|---|---|---|---|
| Revenues | $38.8B | $42.5B | $39.1B | $35.4B |
| Purchased Product, Transportation and Blending | $26.0B | $28.8B | — | — |
| Operating | $5.0B | $5.2B | $4.8B | $2.8B |
| (Gain) Loss on Risk Management | ($79.0M) | $42.0M | $89.0M | $1.6B |
| Depreciation, Depletion, Amortization and Exploration Expense | $3.8B | $3.7B | — | — |
| (Income) Loss From Equity-Accounted Affiliates | ($45.0M) | ($48.0M) | ($23.0M) | ($2.0M) |
| General and Administrative | $570.0M | $593.0M | $617.0M | $417.0M |
| Finance Costs, Net | $404.0M | $394.0M | $493.0M | $424.0M |
| Integration, Transaction and Other Costs | $123.0M | $113.0M | $49.0M | $52.0M |
| Foreign Exchange (Gain) Loss, Net | ($196.0M) | $81.0M | $7.0M | $90.0M |
| (Gain) Loss on Divestiture of Assets | ($109.0M) | ($121.0M) | ($11.0M) | ($304.0M) |
| Re-measurement of Contingent Payments | $0 | $30.0M | $83.0M | $251.0M |
| Other (Income) Loss, Net | ($54.0M) | ($158.0M) | ($42.0M) | ($408.0M) |
| Earnings (Loss) Before Income Tax | $3.4B | $3.9B | $4.1B | $5.4B |
| Income Tax Expense (Recovery) | $447.0M | $891.0M | $700.0M | $1.4B |
| Net Earnings (Loss) | $3.0B | $3.0B | $3.4B | $4.1B |
| Actuarial Gain (Loss) Relating to Pension and Other Post-Employment Benefits | $10.0M | $11.0M | — | — |
| Change in the fair value of equity instruments at FVOCI | ($23.0M) | $123.0M | — | — |
| Foreign Currency Translation Adjustment | ($1.7B) | $219.0M | — | — |
| Total Other Comprehensive Income (Loss), Net of Tax | ($1.7B) | $353.0M | — | — |
| Comprehensive Income (Loss) | $1.3B | $3.3B | — | — |
| Net earnings (loss) per share — basic (CAD per share) | $1.65 | $1.60 | $1.76 | $2.04 |
| Net earnings (loss) per share — diluted (CAD per share) | $1.65 | $1.59 | $1.72 | $1.98 |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and Cash Equivalents | $2.7B | $3.1B | $2.2B | $4.5B |
| Accounts Receivable and Accrued Revenues | $3.4B | $2.6B | $3.0B | $3.5B |
| Income Tax Receivable | $366.0M | $231.0M | $416.0M | $121.0M |
| Inventories | $3.3B | $4.5B | $4.0B | $4.3B |
| Total Current Assets | $9.9B | $10.4B | $9.7B | $12.4B |
| Restricted Cash | $256.0M | $241.0M | $211.0M | $209.0M |
| Exploration and Evaluation Assets, Net | $575.0M | $484.0M | $738.0M | $685.0M |
| Property, Plant and Equipment, Net | $45.3B | $38.6B | $37.3B | $36.5B |
| Right-of-Use Assets, Net | $2.2B | $1.9B | $1.7B | $1.8B |
| Income Tax Receivable | $25.0M | $25.0M | $25.0M | $25.0M |
| Investments in Equity-Accounted Affiliates | $295.0M | $399.0M | $366.0M | $365.0M |
| Other Assets | $464.0M | $451.0M | $318.0M | $342.0M |
| Deferred Income Taxes | $1.6B | $1.1B | $696.0M | $546.0M |
| Goodwill | $2.9B | $2.9B | $2.9B | $2.9B |
| Total Assets | $63.4B | $56.5B | $53.9B | $55.9B |
| Accounts Payable and Accrued Liabilities | $5.8B | $6.2B | $5.5B | $6.1B |
| Income Tax Payable | $98.0M | $396.0M | $88.0M | $1.2B |
| Short-Term Borrowings | $0 | $173.0M | $179.0M | $115.0M |
| Long-Term Debt | $0 | $192.0M | — | — |
| Lease Liabilities | $369.0M | $359.0M | $299.0M | $308.0M |
| Total Current Liabilities | $6.3B | $7.4B | $6.2B | $8.0B |
| Long-Term Debt | $11.0B | $7.3B | $7.1B | $8.7B |
| Lease Liabilities | $2.8B | $2.6B | $2.4B | $2.5B |
| Decommissioning Liabilities | $4.9B | $4.5B | $4.2B | $3.6B |
| Other Liabilities | $889.0M | $919.0M | $1.2B | $1.0B |
| Deferred Income Taxes | $5.9B | $4.0B | $4.2B | $4.3B |
| Total Liabilities | $31.8B | $26.8B | $25.2B | $28.3B |
| Shareholders’ Equity | $31.6B | $29.8B | $28.7B | $27.6B |
| Non-Controlling Interest | $16.0M | $15.0M | $14.0M | $13.0M |
| Total Liabilities and Equity | $63.4B | $56.5B | $53.9B | $55.9B |
| Line item | Sep 30, 2025 | Sep 30, 2024 | Sep 30, 2023 | Jun 30, 2022 |
|---|---|---|---|---|
| Cash and Cash Equivalents | $1.9B | $3.1B | $1.3B | $3.7B |
| Accounts Receivable and Accrued Revenues | $4.7B | $2.8B | $4.5B | $5.8B |
| Income Tax Receivable | $54.0M | $225.0M | $133.0M | $0 |
| Inventories | $3.1B | $4.1B | $4.8B | $5.3B |
| Total Current Assets | $9.8B | $10.2B | $10.7B | $15.3B |
| Restricted Cash | $256.0M | $228.0M | $209.0M | $213.0M |
| Exploration and Evaluation Assets, Net | $430.0M | $463.0M | $796.0M | $725.0M |
| Property, Plant and Equipment, Net | $36.0B | $37.6B | $36.7B | $32.9B |
| Right-of-Use Assets, Net | $1.9B | $1.7B | $1.7B | $1.9B |
| Income Tax Receivable | $25.0M | $25.0M | $25.0M | $66.0M |
| Investments in Equity-Accounted Affiliates | $321.0M | $411.0M | $356.0M | $330.0M |
| Other Assets | $447.0M | $450.0M | $266.0M | $323.0M |
| Deferred Income Taxes | $1.5B | $734.0M | $642.0M | $676.0M |
| Goodwill | $2.9B | $2.9B | $2.9B | $3.5B |
| Total Assets | $53.6B | $54.7B | $54.4B | $55.9B |
| Accounts Payable and Accrued Liabilities | $5.2B | $5.6B | $6.4B | $7.5B |
| Income Tax Payable | $93.0M | $181.0M | $146.0M | $985.0M |
| Short-Term Borrowings | $0 | $101.0M | $14.0M | $0 |
| Long-Term Debt | $0 | $180.0M | — | — |
| Lease Liabilities | $342.0M | $291.0M | $315.0M | $274.0M |
| Total Current Liabilities | $5.7B | $6.4B | $7.2B | $8.9B |
| Long-Term Debt | $7.2B | $7.0B | $7.2B | $11.2B |
| Lease Liabilities | $2.5B | $2.3B | $2.4B | $2.6B |
| Decommissioning Liabilities | $5.0B | $4.1B | $3.6B | $2.8B |
| Other Liabilities | $925.0M | $1.1B | $1.2B | $790.0M |
| Deferred Income Taxes | $3.9B | $4.1B | $4.0B | $3.3B |
| Total Liabilities | $25.2B | $25.1B | $25.6B | $29.6B |
| Shareholders’ Equity | $28.4B | $29.6B | $28.8B | $26.3B |
| Non-Controlling Interest | $15.0M | $14.0M | $13.0M | $12.0M |
| Total Liabilities and Equity | $53.6B | $54.7B | $54.4B | $55.9B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net Earnings (Loss) | $3.9B | $3.1B | — | $6.5B |
| Depreciation, Depletion and Amortization | $5.2B | $4.9B | — | $4.7B |
| Deferred Income Tax Expense (Recovery) | ($231.0M) | ($474.0M) | — | $642.0M |
| Unrealized (Gain) Loss on Risk Management | ($15.0M) | $12.0M | — | ($126.0M) |
| Unrealized Foreign Exchange (Gain) Loss | ($424.0M) | $550.0M | — | $365.0M |
| Realized Foreign Exchange (Gain) Loss on Non-Operating Items | $23.0M | $0 | — | $146.0M |
| (Gain) Loss on Divestiture of Assets | ($87.0M) | ($119.0M) | — | ($269.0M) |
| Re-measurement of Contingent Payments | $0 | $30.0M | — | ($469.0M) |
| Unwinding of Discount on Decommissioning Liabilities | $243.0M | $225.0M | — | $176.0M |
| (Income) Loss From Equity-Accounted Affiliates | ($53.0M) | ($66.0M) | — | ($15.0M) |
| Distributions Received From Equity-Accounted Affiliates | $135.0M | $172.0M | — | $65.0M |
| Stock-Based Compensation, Net of Payments | $163.0M | ($145.0M) | — | — |
| Other | ($5.0M) | ($34.0M) | — | ($117.0M) |
| Settlement of Decommissioning Liabilities | ($280.0M) | ($234.0M) | — | ($150.0M) |
| Net Change in Non-Cash Working Capital | ($363.0M) | $1.3B | — | $575.0M |
| Cash From (Used in) Operating Activities | $8.2B | $9.2B | — | $11.4B |
| Acquisitions, Net of Cash Acquired | ($3.7B) | ($22.0M) | — | ($397.0M) |
| Capital Investment | ($4.9B) | ($5.0B) | — | ($3.7B) |
| Proceeds From Divestitures | $1.9B | $46.0M | — | $1.5B |
| Acquisition of Ownership Interest in MEG Energy Corp. | ($752.0M) | — | — | — |
| Net Change in Investments and Other | ($7.0M) | ($80.0M) | — | ($211.0M) |
| Net Change in Non-Cash Working Capital | ($236.0M) | ($55.0M) | — | $538.0M |
| Cash From (Used in) Investing Activities | ($7.7B) | ($5.1B) | — | ($2.3B) |
| Net Cash Provided (Used) Before Financing Activities | $551.0M | $4.1B | — | $9.1B |
| Net Issuance (Repayment) of Short-Term Borrowings | $152.0M | $5.0M | — | $34.0M |
| Issuance of Long-Term Debt | $5.3B | — | — | $0 |
| Repayment of Long-Term Debt | ($2.3B) | $0 | — | ($4.1B) |
| Principal Repayment of Leases | ($350.0M) | ($299.0M) | — | ($302.0M) |
| Net Proceeds (Repayment) on Repurchase Agreements | $413.0M | — | — | — |
| Common Shares Issued Under Stock Option Plans | 16.0M | 52.0M | — | 138.0M |
| Purchase of Common Shares Under NCIB | -2.0B | -1.4B | — | -2.5B |
| Purchase of Common Shares Under Employee Benefit Plan | -155.0M | -43.0M | — | — |
| Redemption of Preferred Shares | -350.0M | -250.0M | — | — |
| Proceeds From Exercise of Warrants | $16.0M | $26.0M | — | $62.0M |
| Dividends Paid | ($1.4B) | ($1.6B) | — | ($708.0M) |
| Cash From (Used in) Financing Activities | ($749.0M) | ($3.5B) | — | ($7.7B) |
| Effect of Foreign Exchange on Cash and Cash Equivalents | ($155.0M) | $262.0M | — | $238.0M |
| Increase (Decrease) in Cash and Cash Equivalents | ($353.0M) | $866.0M | — | $1.7B |
| Cash and Cash Equivalents, Beginning of Year | $3.1B | $2.2B | — | $2.9B |
| Cash and Cash Equivalents, End of Year | $2.7B | $3.1B | $2.2B | $4.5B |
| Line item | Sep 30, 2025 · YTD | Sep 30, 2024 · YTD | Sep 30, 2023 · YTD | Jun 30, 2022 · YTD |
|---|---|---|---|---|
| Net Earnings (Loss) | $3.0B | $3.0B | $3.4B | $4.1B |
| Depreciation, Depletion and Amortization | $3.8B | $3.6B | $3.4B | $2.2B |
| Deferred Income Tax Expense (Recovery) | ($520.0M) | ($124.0M) | ($416.0M) | $57.0M |
| Unrealized (Gain) Loss on Risk Management | ($65.0M) | $31.0M | $88.0M | ($70.0M) |
| Unrealized Foreign Exchange (Gain) Loss | ($248.0M) | $101.0M | ($99.0M) | $121.0M |
| Realized Foreign Exchange (Gain) Loss on Non-Operating Items | $4.0M | $0 | $98.0M | $26.0M |
| (Gain) Loss on Divestiture of Assets | ($109.0M) | ($121.0M) | ($11.0M) | ($304.0M) |
| Re-measurement of Contingent Payments | $0 | $30.0M | $83.0M | ($203.0M) |
| Unwinding of Discount on Decommissioning Liabilities | $179.0M | $169.0M | $165.0M | $89.0M |
| (Income) Loss From Equity-Accounted Affiliates | ($45.0M) | ($48.0M) | ($23.0M) | ($2.0M) |
| Distributions Received From Equity-Accounted Affiliates | $110.0M | $133.0M | $117.0M | $41.0M |
| Stock-Based Compensation, Net of Payments | $94.0M | ($143.0M) | — | — |
| Other | ($19.0M) | ($107.0M) | ($34.0M) | ($293.0M) |
| Settlement of Decommissioning Liabilities | ($198.0M) | ($170.0M) | ($157.0M) | ($46.0M) |
| Net Change in Non-Cash Working Capital | ($179.0M) | $813.0M | ($2.1B) | ($1.3B) |
| Cash From (Used in) Operating Activities | $5.8B | $7.2B | $4.4B | $4.3B |
| Acquisitions, Net of Cash Acquired | ($236.0M) | ($19.0M) | ($501.0M) | $0 |
| Capital Investment | ($3.5B) | ($3.5B) | ($3.1B) | ($1.6B) |
| Proceeds From Divestitures | $13.0M | $47.0M | $12.0M | $1.1B |
| Net Change in Investments and Other | ($9.0M) | ($63.0M) | ($101.0M) | ($236.0M) |
| Net Change in Non-Cash Working Capital | ($260.0M) | ($41.0M) | ($297.0M) | $339.0M |
| Cash From (Used in) Investing Activities | ($4.0B) | ($3.6B) | ($4.0B) | ($454.0M) |
| Net Cash Provided (Used) Before Financing Activities | $1.8B | $3.6B | $427.0M | $3.9B |
| Net Issuance (Repayment) of Short-Term Borrowings | $152.0M | ($74.0M) | ($101.0M) | ($79.0M) |
| Repayment of Long-Term Debt | ($195.0M) | $0 | ($1.3B) | ($1.3B) |
| Principal Repayment of Leases | ($266.0M) | ($219.0M) | ($216.0M) | ($150.0M) |
| Net Proceeds (Repayment) on Repurchase Agreements | $183.0M | — | — | — |
| Common Shares Issued Under Stock Option Plans | 12.0M | 51.0M | 43.0M | 120.0M |
| Purchase of Common Shares Under NCIB | -1.3B | -1.3B | -711.0M | -1.5B |
| Purchase of Common Shares Under Employee Benefit Plan | -94.0M | — | — | — |
| Redemption of Preferred Shares | -350.0M | — | — | — |
| Proceeds From Exercise of Warrants | $5.0M | $25.0M | $16.0M | $44.0M |
| Dividends Paid | ($1.1B) | ($952.0M) | ($756.0M) | ($293.0M) |
| Other | $0 | ($7.0M) | ($3.0M) | ($2.0M) |
| Cash From (Used in) Financing Activities | ($2.9B) | ($2.8B) | ($3.7B) | ($3.1B) |
| Effect of Foreign Exchange on Cash and Cash Equivalents | ($82.0M) | $48.0M | ($15.0M) | $34.0M |
| Increase (Decrease) in Cash and Cash Equivalents | ($1.2B) | $877.0M | ($3.3B) | $820.0M |
| Cash and Cash Equivalents, Beginning of Period | $3.1B | $2.2B | $4.5B | $2.9B |
| Cash and Cash Equivalents, End of Period | $1.9B | $3.1B | $1.3B | $3.7B |
Cenovus Energy Inc score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.