Cenovus Energy Inc. (CVE) Income Statement Analysis

See more : China Natural Resources, Inc. (CHNR) Income Statement Analysis – Financial Results

Complete financial analysis of Cenovus Energy Inc. (CVE) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Cenovus Energy Inc., a leading company in the Oil & Gas Integrated industry within the Energy sector.

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Cenovus Energy Inc. (CVE)

Industry: Oil & Gas Integrated

Sector: Energy

Website: https://www.cenovus.com

About Cenovus Energy Inc.

Cenovus Energy Inc., together with its subsidiaries, develops, produces, and markets crude oil, natural gas liquids, and natural gas in Canada, the United States, and the Asia Pacific region. The company operates through Oil Sands, Conventional, Offshore, Canadian Manufacturing, U.S. Manufacturing, and Retail segments. The Oil Sands segment develops and produces bitumen and heavy oil in northern Alberta and Saskatchewan. This segments Foster Creek, Christina Lake, Sunrise, and Tucker oil sands projects, as well as Lloydminster thermal and conventional heavy oil assets The Conventional segment holds assets primarily located in Elmworth-Wapiti, Kaybob-Edson, Clearwater, and Rainbow Lake operating in Alberta and British Columbia, as well as interests in various natural gas processing facilities. The offshore segment engages in the exploration and development activities. The Canadian Manufacturing segment includes the owned and operated Lloydminster upgrading and asphalt refining complex, which upgrades heavy oil and bitumen into synthetic crude oil, diesel fuel, asphalt, and other ancillary products, as well as owns and operates the Bruderheim crude-by-rail terminal and two ethanol plants. The U.S. Manufacturing segment comprises the refining of crude oil to produce diesel, gasoline, jet fuel, asphalt, and other products. The Retail segment consists of marketing of its own and third-party refined petroleum products through retail, commercial, and bulk petroleum outlets, as well as wholesale channels. Cenovus Energy Inc. was founded in 2009 and is headquartered in Calgary, Canada.

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Revenue	52.20B	71.77B	48.81B	13.59B	21.35B	21.39B	17.31B	12.28B	13.21B	20.11B	18.99B	17.23B	15.70B	12.97B	10.62B	20.15B
Cost of Revenue	42.77B	54.88B	39.70B	13.39B	17.03B	17.36B	13.89B	10.53B	11.67B	15.84B	14.64B	12.99B	11.90B	8.89B	6.71B	13.31B
Gross Profit	9.43B	16.89B	9.11B	200.00M	4.32B	4.03B	3.42B	1.76B	1.53B	4.26B	4.35B	4.24B	3.80B	4.09B	3.91B	6.85B
Gross Profit Ratio	18.07%	23.53%	18.66%	1.47%	20.24%	18.83%	19.78%	14.31%	11.61%	21.21%	22.91%	24.59%	24.18%	31.51%	36.84%	33.98%
Research & Development	0.00	0.00	0.00	0.00	20.00M	25.00M	36.00M	36.00M	27.00M	15.00M	24.00M	15.00M	0.00	0.00	0.00	0.00
General & Administrative	688.00M	865.00M	849.00M	274.00M	336.00M	391.00M	308.00M	326.00M	335.00M	358.00M	349.00M	352.00M	0.00	326.00M	196.85M	203.24M
Selling & Marketing	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1.07B	703.65M	1.17B
SG&A	688.00M	865.00M	849.00M	274.00M	336.00M	391.00M	308.00M	326.00M	335.00M	358.00M	349.00M	352.00M	295.00M	1.39B	900.51M	1.38B
Other Expenses	12.02B	5.67B	4.73B	2.04B	2.17B	12.00M	5.00M	-34.00M	-2.00M	4.00M	-2.00M	5.00M	1.34B	1.26B	1.79B	1.44B
Operating Expenses	12.70B	6.54B	5.58B	2.31B	2.52B	5.35B	3.18B	2.06B	2.36B	2.57B	2.32B	2.14B	1.34B	2.65B	2.69B	2.82B
Cost & Expenses	46.79B	61.41B	45.29B	15.70B	19.55B	22.72B	17.07B	12.58B	14.03B	18.41B	16.96B	15.13B	13.24B	11.53B	9.39B	16.12B
Interest Income	217.00M	110.00M	23.00M	9.00M	12.00M	19.00M	62.00M	52.00M	28.00M	33.00M	96.00M	109.00M	124.00M	113.00M	0.00	0.00
Interest Expense	723.00M	812.00M	1.05B	511.00M	547.00M	595.00M	619.00M	471.00M	454.00M	427.00M	499.00M	434.00M	447.00M	279.00M	228.27M	265.31M
Depreciation & Amortization	4.62B	4.54B	4.52B	2.51B	2.27B	2.22B	1.89B	959.00M	1.91B	1.88B	1.83B	1.59B	1.30B	1.31B	1.41B	1.60B
EBITDA	10.39B	15.34B	8.20B	770.00M	4.07B	830.00M	2.24B	1.07B	1.09B	3.57B	3.93B	3.80B	3.93B	3.07B	2.63B	5.63B
EBITDA Ratio	19.90%	21.37%	16.80%	1.35%	19.08%	3.88%	12.91%	9.53%	8.24%	17.87%	20.68%	21.91%	24.67%	21.21%	24.76%	27.95%
Operating Income	5.41B	10.97B	3.88B	-2.17B	1.86B	-1.33B	242.00M	-302.00M	-824.00M	1.69B	2.03B	2.10B	2.45B	1.44B	1.22B	4.03B
Operating Income Ratio	10.37%	15.29%	7.95%	-15.96%	8.70%	-6.20%	1.40%	-2.46%	-6.24%	8.42%	10.69%	12.17%	15.63%	11.12%	11.52%	20.00%
Total Other Income/Expenses	-371.00M	-1.62B	-2.21B	-647.00M	-422.00M	-2.69B	1.97B	-581.00M	1.25B	-498.00M	-547.00M	-321.00M	2.00M	-279.00M	-244.00M	-265.31M
Income Before Tax	5.04B	8.73B	1.32B	-3.23B	1.40B	-3.93B	2.22B	-927.00M	537.00M	1.20B	1.09B	1.78B	2.21B	1.16B	994.75M	3.76B
Income Before Tax Ratio	9.65%	12.17%	2.69%	-23.77%	6.54%	-18.36%	12.80%	-7.55%	4.07%	5.94%	5.76%	10.31%	14.06%	8.96%	9.37%	18.68%
Income Tax Expense	931.00M	2.28B	728.00M	-851.00M	-797.00M	-1.01B	-52.00M	-382.00M	-81.00M	451.00M	432.00M	783.00M	729.00M	170.00M	316.22M	882.33M
Net Income	4.11B	6.45B	587.00M	-2.38B	2.19B	-2.67B	3.37B	-545.00M	618.00M	744.00M	662.00M	993.00M	1.48B	993.00M	678.52M	2.88B
Net Income Ratio	7.87%	8.99%	1.20%	-17.50%	10.27%	-12.48%	19.44%	-4.44%	4.68%	3.70%	3.49%	5.76%	9.42%	7.65%	6.39%	14.30%
EPS	2.12	3.29	0.29	-1.94	1.79	-2.17	3.05	-0.65	0.75	0.98	0.88	1.32	1.96	1.44	1.09	3.85
EPS Diluted	2.12	3.20	0.29	-1.94	1.78	-2.17	3.05	-0.65	0.75	0.98	0.87	1.31	1.95	1.43	1.09	3.83
Weighted Avg Shares Out	1.92B	1.95B	2.02B	1.23B	1.23B	1.23B	1.10B	833.30M	818.70M	756.90M	755.90M	755.60M	754.00M	751.90M	751.00M	750.10M
Weighted Avg Shares Out (Dil)	1.93B	2.01B	2.05B	1.23B	1.23B	1.23B	1.10B	833.30M	818.70M	757.60M	757.50M	758.50M	757.70M	754.00M	751.40M	751.80M

Will Cenovus (CVE) Beat Estimates Again in Its Next Earnings Report?

April 17, 2024zacks.com

Cenovus (CVE) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Cenovus Energy (CVE) to Report Q1 Results: Wall Street Expects Earnings Growth

April 17, 2024zacks.com

Cenovus (CVE) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Cenovus Energy (CVE) Invests $1.5B in Ohio Refineries' Growth

April 12, 2024zacks.com

Cenovus Energy (CVE) announces a massive $1.5B investment to expand its Toledo and Lima refineries in Ohio, with plans to add 115 jobs and expand its U.S. headquarters.

Cenovus Energy to invest $1.5 billion in Ohio refineries

April 11, 2024reuters.com

Cenovus Energy has announced a $1.5 billion investment in its Ohio refineries, including Lima and Oregon, according to a local media report on Wednesday.

Cenovus Energy: My Top Pick Among Canadian Majors

April 10, 2024seekingalpha.com

Startup of the Canadian Trans Mountain Pipeline will ease previous transportation bottlenecks and likely provide a significant tailwind to local benchmark WCS pricing. While all Canadian majors should profit from this, I see Cenovus Energy as having the most leverage...

Cenovus Energy: Lots Of Cash Flow At A Cheap Price

April 1, 2024seekingalpha.com

Cenovus Energy has a history of significant integration and opportunistic acquisitions. Margin expansion and above average growth should continue for years to come. The company's cash flow has about tripled (by fiscal 2022) in less than seven years, and it...