CVE Stock Recent News

CVE is cheap due to worries about tariffs, even though those are far from guaranteed. The company should see better free cash generation this year. CVE trades at a very undemanding valuation right now and offers a compelling shareholder yield.

Cenovus Energy reported a weak quarter. Concerns include refining issues and increased debt amid negative free cash flow. Both Toledo and Superior refineries improved operations. The startup expenses have now ceased for both.

Cenovus Energy Inc. (NYSE:CVE ) Q4 2024 Earnings Conference Call February 20, 2025 11:00 AM ET Company Participants Patrick Read - VP, IR Jon McKenzie - CEO Kam Sandhar - EVP, Strategy and Corporate Development Keith Chiasson - EVP, Downstream Geoff Murray - EVP, Commercial Conference Call Participants Menno Hulshof - TD Securities Dennis Fong - CIBC World Market Greg Pardy - RBC Capital Markets, Philippines Neil Mehta - Goldman Sachs John Royall - JPMorgan Dennis Fong - CIBC World Markets Manav Gupta - UBS Chris Barko - Calgary Herald Operator Good morning, ladies and gentlemen. Welcome to Cenovus Energy's Fourth Quarter and Full Year 2024 Results Conference Call.

Cenovus Energy (CVE) came out with quarterly earnings of $0.05 per share, missing the Zacks Consensus Estimate of $0.18 per share. This compares to earnings of $0.29 per share a year ago.

Canadian oil and gas producer Cenovus Energy posted a fall in fourth-quarter profit on Thursday, as lower commodity prices and weak refining margins offset higher production.

CALGARY, Alberta, Feb. 20, 2025 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today announced its fourth-quarter and full-year 2024 financial and operating results. In the quarter, the company generated over $2.0 billion in cash from operating activities, $1.6 billion of adjusted funds flow and $123 million of free funds flow. The Upstream business continued to deliver strong performance, with production of 816,000 barrels of oil equivalent per day (BOE/d)1 in the quarter, including a new quarterly Oil Sands production record of 628,500 BOE/d. In the Downstream, total crude throughput increased by almost 24,000 barrels per day (bbls/d) from the previous quarter to 666,700 bbls/d, representing an aggregate utilization rate of 93%.

Evaluate the expected performance of Cenovus (CVE) for the quarter ended December 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.

Besides Wall Street's top -and-bottom-line estimates for Cenovus (CVE), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended December 2024.

Get a deeper insight into the potential performance of Cenovus (CVE) for the quarter ended December 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.

CALGARY, Alberta, Feb. 13, 2025 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX:CVE) (NYSE:CVE) will release its fourth-quarter and full-year 2024 results on Thursday, February 20, 2025. The news release will provide consolidated fourth-quarter operating and financial information. The company's financial statements will be available on Cenovus's website, cenovus.com.