Cenovus Energy Reports Q4 Profit But Decline in Earnings

Cenovus Energy announces a decreased profit in Q4 compared to last year, but beats analysts' estimates. This could influence investor perceptions as the stock navigates mixed performance indicators.

Date: 20-02-2025

AI Rating: 5

Profit and Earnings Per Share (EPS): Cenovus Energy Inc. reported a decrease in profit for the fourth quarter, with a net income of C$146 million, down from C$743 million last year. The EPS was also lower, totaling C$0.07 compared to C$0.32 during the same period last year. Despite this decline, the adjusted earnings per share were reported at C$0.87, beating analyst expectations of C$0.28 per share. This indicates a stronger operational performance when excluding special items.

Revenue Growth: The company's revenue fell by 2.3%, amounting to C$12.8 billion this quarter compared to C$13.1 billion last year. This decline in revenue could reflect challenges within the business environment or shifting market dynamics for Cenovus Energy.

Dividend Announcement: The Board has announced a quarterly base dividend of C$0.180 per share, payable on March 31. This decision to maintain dividends could provide some reassurance to investors amid the declining profit and revenue figures.

Stocks: CVE