Cenovus Energy reported third-quarter 2026 adjusted funds flow of about C$5.0 billion and free funds flow of C$3.6 billion. Upstream production was 1.024 million barrels of oil equivalent per day, while downstream crude throughput was 437,000 barrels per day at 92% crude unit utilization. Revenue was C$16 billion, down from C$17.4 billion in the second quarter and C$610 million below analyst expectations. GAAP earnings per share were reported at C$1.83; the supplied facts also list EPS of $1.31 versus an estimated $1.12, up 151.9% from $0.52 a year earlier.
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.
Read the full storyThe energy firm reported C$16 billion in revenue, missing analyst estimates by C$610 million, as total revenues declined compared to the previous quarter.
Upstream production reached a quarterly record of 1,023.5 thousand barrels of oil equivalent per day, while free funds flow fell from the previous quarter and the company announced a new dividend.