Cenovus FY26 Q2 net earnings rise to $2.87 billion; revenue climbs to $17.4 billion - CVE News | RalliesCenovus FY26 Q2 net earnings rise to $2.87 billion; revenue climbs to $17.4 billion
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CVE• Quarterly results and operating metrics
- Cenovus posted Q2 2026 net earnings of CAD 2.87 billion, up from CAD 1.57 billion in Q1 2026.
- Cash from operating activities climbed to CAD 5.64 billion from CAD 2.18 billion in Q1; revenue rose to CAD 17.4 billion from CAD 12.4 billion.
- Free funds flow increased to CAD 3.79 billion from CAD 2.21 billion; net debt fell to CAD 5.39 billion from CAD 8.06 billion.
- Upstream production edged down to 970,000 BOE/d from 972,000 BOE/d; downstream throughput slipped to 451,000 bpd from 459,000 bpd.
- Full-year production guidance lifted by 25,000 BOE/d to 970,000-1,010,000 BOE/d; base dividend set at CAD 0.22 a share.
