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CVE
Cenovus Energy Inc.
$31.57
-1.05
(-3.22%)
| Exchange: | NYSE |
| Market Cap: | 58.223B |
| Shares Outstanding: | 750.1M |
Delayed data
About The Company
| Sector: | EnergyView sector performance | |||||
| Industry: | Oil & Gas IntegratedView industry performance | |||||
| CEO: | Jonathan McKenzie | |||||
| Full Time Employees: | 7211 | |||||
| Address: |
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| Website: | https://www.cenovus.com |
Cenovus Energy Inc. is an integrated energy firm involved in the exploration, extraction, processing, and sale of crude oil, natural gas liquids, and natural gas. Its operations span Canada, the United States, and the Asia Pacific region. The company organizes its extensive activities across six core segments: Oil Sands, Conventional, Offshore, Canadian Manufacturing, U.S. Manufacturing, and Retail. The Oil Sands division is responsible for developing and producing bitumen and heavy oil from significant projects in northern Alberta and Saskatchewan, including Foster Creek, Christina Lake, Sunrise, and Tucker, in addition to its Lloydminster thermal and conventional heavy oil operations. Cenovus’s Conventional segment encompasses assets primarily situated in Alberta and British Columbia, specifically in areas such as Elmworth-Wapiti, Kaybob-Edson, Clearwater, and Rainbow Lake, alongside holdings in various natural gas processing facilities. The Offshore segment is solely dedicated to exploration and development endeavors. Its Canadian Manufacturing segment includes the proprietary Lloydminster upgrading and asphalt refining complex, which converts heavy oil and bitumen into synthetic crude oil, diesel fuel, asphalt, and other related products. This segment also oversees the Bruderheim crude-by-rail terminal and operates two ethanol plants. The U.S. Manufacturing segment focuses on refining crude oil to produce diesel, gasoline, jet fuel, asphalt, and various other petroleum products. Finally, the Retail segment manages the distribution and sales of both its own and third-party refined petroleum products through a network of retail, commercial, and bulk petroleum outlets, as well as wholesale channels. Cenovus Energy Inc. was founded in 2009 and maintains its corporate headquarters in Calgary, Canada.
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Revenue Segmentation
CVE full analysis
Hey everyone, welcome back to the channel where we break down stocks like we're chatting over coffee about where your money could really grow. Today we're diving deep into Cenovus Energy, ticker CVE, an integrated Canadian oil and gas player that's been making serious moves lately. Let's kick things off with the big picture. Cenovus has been riding a wave of operational strength, posting record upstream production in the first quarter of 2026 and beating earnings estimates thanks to higher…
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 55,474,000 | 57,726,000 | 49,655,501.039 |
| Gross Profit | 12,704,000 | 12,765,000 | 5,191,765.602 |
| EBITDA | 10,407,000 | 9,591,000 | 10,370,541.798 |
| Operating Income | 5,622,000 | 5,061,000 | 4,380,427.329 |
| Net Income | 4,109,000 | 3,142,000 | 3,926,797.309 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 53,915,000 | 56,539,000 | 63,372,313.625 |
| Total Liabilities | 25,203,000 | 26,770,000 | 31,760,096.507 |
| Total Stockholders Equity | 28,698,000 | 29,754,000 | 31,596,230.157 |
| Total Debt | 9,945,000 | 10,634,000 | 16,999,135.527 |
| Cash and Cash Equivalents | 2,227,000 | 3,093,000 | 2,737,767.080 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 7,388,000 | 9,235,000 | 8,221,294.723 |
| Capital Expenditure | -4,298,000 | -5,015,000 | -4,816,072.018 |
| Free Cash Flow | 3,090,000 | 4,220,000 | 3,405,222.704 |
| Net Income | 4,109,000 | 3,142,000 | 3,926,797.309 |
| Net Change in Cash | -2,297,000 | 866,000 | -211,387.191 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2030 | Research Access | Research Access | Research Access | Research Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 44,963,860.474 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (High) | 53,048,057.806 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (Avg) | 49,505,982.625 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Low) | 14,908,413.179 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (High) | 17,299,115.465 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Avg) | 16,251,632.919 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Low) | 7,240,517.177 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (High) | 8,985,745.678 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Avg) | 8,221,076.483 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Low) | 646,967.301 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (High) | 763,287.636 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Avg) | 712,322.110 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Avg) | 4.520 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (High) | 4.940 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Low) | 3.980 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated Revenue) | 1 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated EPS) | 2 | Research Access | Research Access | Research Access | Research Access |
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Current Key Metrics
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Login — it's freeSWOT Analysis
Strengths (preview)
- Reported strong operational performance in Q3 2024 earnings, supporting consistent execution in upstream activities.
- Demonstrated commitment to improving operational reliability alongside shareholder returns through disciplined capital allocation.
- Maintained focus on free cash flow generation and net income stability, as highlighted in recent financial reporting periods.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates CVE intrinsic value between $17.48 – $33.32 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
[intrinsic_calculator]
Common questions about CVE valuation
Is Cenovus Energy Inc. (CVE) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for Cenovus Energy Inc. (CVE) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is CVE a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether CVE trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is CVE’s P/E ratio?
You can see CVE’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for CVE?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is CVE a good long-term investment?
Whether CVE fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
CVE
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Daily snapshot
-3.22
Trading Metrics:
| Open: | 32.23 | Previous Close: | 32.62 | |
| Day Low: | 31.56 | Day High: | 32.45 | |
| Year Low: | 15.63 | Year High: | 34.16 | |
| Price Avg 50: | 30.6 | Price Avg 200: | 25.29 | |
| Volume: | 5.563M | Average Volume: | 7.478M |
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