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Cenovus (CVE) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
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For the quarter ended March 2025, Cenovus Energy (CVE - Free Report) reported revenue of $9.26 billion, down 6.8% over the same period last year. EPS came in at $0.32, compared to $0.46 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $9.47 billion, representing a surprise of -2.18%. The company delivered an EPS surprise of +10.34%, with the consensus EPS estimate being $0.29.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
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: 818.9 millions of barrels of oil equivalent per day versus the four-analyst average estimate of 819.24 millions of barrels of oil equivalent per day.
Upstream - Total Conventional Natural Gas Production: 887.9 millions of cubic feet per day compared to the 867.71 millions of cubic feet per day average estimate based on three analysts.
Total Production Per Day - NGLs: 29.8 MBbls versus the two-analyst average estimate of 33.84 MBbls.
Total Production Per Day - Bitumen: 602.5 MBbls versus the two-analyst average estimate of 599.78 MBbls.
Upstream - Crude Oil and Natural Gas Liquids - Total Oil Sands Production - Foster Creek: 202.7 millions of barrels of oil per day compared to the 200.5 millions of barrels of oil per day average estimate based on two analysts.
Upstream - Crude Oil and Natural Gas Liquids - Total Oil Sands Production - Christina Lake: 237.8 millions of barrels of oil per day compared to the 238.1 millions of barrels of oil per day average estimate based on two analysts.
Upstream - Crude Oil and Natural Gas Liquids - Total Oil Sands Production - Sunrise: 52.1 millions of barrels of oil per day versus 51.8 millions of barrels of oil per day estimated by two analysts on average.
Upstream - Crude Oil and Natural Gas Liquids - Total Oil Sands Production - Lloydminster Therma: 109.9 millions of barrels of oil per day versus 109.38 millions of barrels of oil per day estimated by two analysts on average.
Upstream - Crude Oil and Natural Gas Liquids - Total Oil Sands Production - Lloydminster Conventional Heavy Oil: 21.8 millions of barrels of oil per day versus the two-analyst average estimate of 18.9 millions of barrels of oil per day.
Upstream - Crude Oil and Natural Gas Liquids - Total Oil Sands Production: 624.3 millions of barrels of oil per day compared to the 618.68 millions of barrels of oil per day average estimate based on two analysts.
Downstream - Total Canadian Refining - Heavy Crude Oil Unit Throughput: 111.9 millions of barrels of oil per day versus 103.14 millions of barrels of oil per day estimated by two analysts on average.
Downstream - Total U.S. Refining - Crude Oil Unit Throughput: 553.5 millions of barrels of oil per day versus 554.13 millions of barrels of oil per day estimated by two analysts on average.
Shares of Cenovus have returned +12.8% over the past month versus the Zacks S&P 500 composite's +8.2% 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 (CVE) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
For the quarter ended March 2025, Cenovus Energy (CVE - Free Report) reported revenue of $9.26 billion, down 6.8% over the same period last year. EPS came in at $0.32, compared to $0.46 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $9.47 billion, representing a surprise of -2.18%. The company delivered an EPS surprise of +10.34%, with the consensus EPS estimate being $0.29.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
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: 818.9 millions of barrels of oil equivalent per day versus the four-analyst average estimate of 819.24 millions of barrels of oil equivalent per day.
- Upstream - Total Conventional Natural Gas Production: 887.9 millions of cubic feet per day compared to the 867.71 millions of cubic feet per day average estimate based on three analysts.
- Total Production Per Day - NGLs: 29.8 MBbls versus the two-analyst average estimate of 33.84 MBbls.
- Total Production Per Day - Bitumen: 602.5 MBbls versus the two-analyst average estimate of 599.78 MBbls.
- Upstream - Crude Oil and Natural Gas Liquids - Total Oil Sands Production - Foster Creek: 202.7 millions of barrels of oil per day compared to the 200.5 millions of barrels of oil per day average estimate based on two analysts.
- Upstream - Crude Oil and Natural Gas Liquids - Total Oil Sands Production - Christina Lake: 237.8 millions of barrels of oil per day compared to the 238.1 millions of barrels of oil per day average estimate based on two analysts.
- Upstream - Crude Oil and Natural Gas Liquids - Total Oil Sands Production - Sunrise: 52.1 millions of barrels of oil per day versus 51.8 millions of barrels of oil per day estimated by two analysts on average.
- Upstream - Crude Oil and Natural Gas Liquids - Total Oil Sands Production - Lloydminster Therma: 109.9 millions of barrels of oil per day versus 109.38 millions of barrels of oil per day estimated by two analysts on average.
- Upstream - Crude Oil and Natural Gas Liquids - Total Oil Sands Production - Lloydminster Conventional Heavy Oil: 21.8 millions of barrels of oil per day versus the two-analyst average estimate of 18.9 millions of barrels of oil per day.
- Upstream - Crude Oil and Natural Gas Liquids - Total Oil Sands Production: 624.3 millions of barrels of oil per day compared to the 618.68 millions of barrels of oil per day average estimate based on two analysts.
- Downstream - Total Canadian Refining - Heavy Crude Oil Unit Throughput: 111.9 millions of barrels of oil per day versus 103.14 millions of barrels of oil per day estimated by two analysts on average.
- Downstream - Total U.S. Refining - Crude Oil Unit Throughput: 553.5 millions of barrels of oil per day versus 554.13 millions of barrels of oil per day estimated by two analysts on average.
View all Key Company Metrics for Cenovus here>>>Shares of Cenovus have returned +12.8% over the past month versus the Zacks S&P 500 composite's +8.2% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.