For the quarter ended December 2025, Cenovus Energy (CVE) reported revenue of $7.81 billion, down 7% over the same period last year. EPS came in at $0.36, compared to $0.05 in the year-ago quarter.
The reported revenue represents a surprise of -19.2% over the Zacks Consensus Estimate of $9.66 billion. With the consensus EPS estimate being $0.28, the EPS surprise was +30.91%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Cenovus performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Total Upstream Production: 917.9 millions of barrels of oil equivalent versus the four-analyst average estimate of 920.65 millions of barrels of oil equivalent.
- Upstream - Total Conventional Natural Gas Production: 860.4 millions of cubic feet compared to the 870.78 millions of cubic feet average estimate based on three analysts.
- Total Production Per Day - NGLs: 27.90 MBbls versus the two-analyst average estimate of 29.91 MBbls.
- Total Production Per Day - Bitumen: 696.20 MBbls versus the two-analyst average estimate of 691.76 MBbls.
- Upstream - Crude Oil and Natural Gas Liquids - Total Oil Sands Production - Foster Creek: 220.1 millions of barrels of oil versus the two-analyst average estimate of 217.75 millions of barrels of oil.
- Upstream - Crude Oil and Natural Gas Liquids - Total Oil Sands Production - Christina Lake: 308.9 millions of barrels of oil versus the two-analyst average estimate of 310.79 millions of barrels of oil.
- Upstream - Crude Oil and Natural Gas Liquids - Total Oil Sands Production - Sunrise: 60.3 millions of barrels of oil versus the two-analyst average estimate of 60 millions of barrels of oil.
- Upstream - Crude Oil and Natural Gas Liquids - Total Oil Sands Production - Lloydminster Therma: 106.9 millions of barrels of oil versus the two-analyst average estimate of 103.23 millions of barrels of oil.
- Upstream - Crude Oil and Natural Gas Liquids - Total Oil Sands Production - Lloydminster Conventional Heavy Oil: 28.1 millions of barrels of oil versus 26.97 millions of barrels of oil estimated by two analysts on average.
- Upstream - Crude Oil and Natural Gas Liquids - Total Oil Sands Production: 724.3 millions of barrels of oil compared to the 718.73 millions of barrels of oil average estimate based on two analysts.
- Downstream - Total Canadian Refining - Heavy Crude Oil Unit Throughput: 112.9 millions of barrels of oil versus 106.38 millions of barrels of oil estimated by two analysts on average.
- Downstream - Total U.S. Refining - Crude Oil Unit Throughput: 352.6 millions of barrels of oil versus 339.36 millions of barrels of oil estimated by two analysts on average.
View all Key Company Metrics for Cenovus here>>>
Shares of Cenovus have returned +20.3% over the past month versus the Zacks S&P 500 composite's -0.8% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.
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Cenovus Energy Inc (CVE): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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