Athabasca Oil Q3 net income rises 12% to $77.81 million
CVE•Athabasca Oil’s third-quarter 2026 net income and comprehensive income rose 12% year over year to $77.81 million, while sales climbed 38% to $461.05 million and operating cash flow fell 27% to $114.57 million.
1. Quarterly results and outlook
Athabasca Oil reported third-quarter 2026 net income and comprehensive income of $77.81 million, up 12% year over year; petroleum, natural gas and midstream sales increased 38% to $461.05 million, while cash flow from operating activities declined 27% to $114.57 million. Cenovus will acquire the business for $12 per share in a $5.7 billion cash-and-share transaction expected to close in December 2026. The Leismer expansion remains on budget and on schedule, targeting production of 40,000 barrels per day by year-end 2027.
