Cenovus Energy Inc.: EPS $1.31 vs $1.12 expected
Key Facts
Q3 FY2026 results
| Metric | Actual | Estimate | Surprise | Year ago |
|---|---|---|---|---|
| EPS (USD) | 1.31 | 1.12 | +17.0% | 0.52 |
| Revenue (USD bn) | — | — | — | 9.46 |
Recent reports: actual vs estimate
| Reported | Period | EPS (USD) | Estimate | Surprise | Revenue (USD bn) | Estimate | Surprise |
|---|---|---|---|---|---|---|---|
| Nov 4, 2026 | Q3 FY2026 | 1.31 | 1.12 | +17.0% | — | — | — |
| Jul 29, 2026 | Q2 FY2026 | 1.11 | 1.11 | 0.0% | 14.59 | — | — |
| May 6, 2026 | Q1 FY2026 | 0.61 | 0.56 | +8.9% | 8.47 | — | — |
| Feb 19, 2026 | Q4 FY2025 | 0.36 | 0.28 | +28.6% | 9.42 | 8.64 | +9.0% |
| Oct 31, 2025 | Q3 FY2025 | 0.52 | 0.40 | +30.0% | 9.46 | — | — |
| Jul 31, 2025 | Q2 FY2025 | 0.33 | 0.14 | — | 9.04 | — | — |
| May 8, 2025 | Q1 FY2025 | 0.32 | 0.29 | +10.3% | 9.97 | — | — |
| Oct 31, 2024 | Q3 FY2024 | 0.31 | 0.34 | −8.8% | 10.50 | 10.18 | +3.1% |
Source: Figures from the EL7 database. Estimates are the analyst consensus carried by our data vendor (FMP), not official figures. Figures are in USD as carried for this US-traded line; the company reports in another currency.
Cenovus Energy Inc. results: EPS $1.31 vs $1.12 expected. The results cover the company's Q3 FY2026. EPS came in above analysts' estimate by 17.0%. Revenue figures are not available yet. Figures are in USD as carried for this US-traded line; the company reports in CAD.
EPS was up 151.9% from $0.52 a year earlier. On its record, EPS topped analysts' estimates in 4 of 6 earlier comparable reports.
What the results mean
Cenovus Energy combines oil and gas extraction and processing with oil refining and petroleum product sales. Understanding its business therefore requires examining production performance alongside the ability of processing and refining operations to turn crude into marketable products, with distinct operating drivers across Canada, the United States and Asia Pacific.
Oil sands and heavy oil are central to production, while upgrading and refining facilities provide routes to convert these resources into synthetic crude, fuels and asphalt. This integration makes extraction costs, processing efficiency and refining margins interconnected considerations when assessing business performance.
What to watch on the earnings call: Oil sands and heavy oil production efficiency, extraction and processing costs, upgrader and refinery performance, management commentary on fuel and asphalt demand and product margins, and integration between production and manufacturing.
For the full analysis of Cenovus Energy Inc. stock — valuation, scores and financial statements — see the stock page linked with this story.
Latest Updates · 1
- Notable·
Update: Record production levels during the third quarter drove the company's quarterly profit higher. Cenovus Energy noted that these production milestones were a key factor in the financial results reported for the period ended September 30, 2026.