Cenovus Energy (CVE) Deferred Taxes (2009 - 2026)
Cenovus Energy (CVE) posted Deferred Taxes of -$24.1 million for Q1 2026, down 111.61% sequentially from $207.2 million in Q4 2025, and up 47.68% YoY from -$16.3 million in Q1 2025.
Cenovus Energy (CVE) Deferred Taxes (2009 - 2026) Analysis & Trends
Cenovus Energy (CVE) has 18 years of Deferred Taxes data on file, last reported at -$24.1 million in Q1 2026.
- Quarterly Deferred Taxes rose 47.68% year-over-year to -$24.1 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$146.1 million (up 59.85% YoY) and the FY2025 annual result came in at -$165.3 million, up 52.25% from the prior year.
- Deferred Taxes retreated to -$24.1 million in Q1 2026 per CVE's latest filing, from $207.2 million in the prior quarter.
- The five-year high for Deferred Taxes was $207.2 million in Q4 2025, with the low at -$273.7 million in Q1 2023.
- Average Deferred Taxes over 5 years is -$41.4 million, with a median of -$33.2 million recorded in 2023.
- Year-over-year, Deferred Taxes surged 873.6% in 2023 and plunged 2160.29% in 2024.
- Cenovus Energy's Deferred Taxes stood at $12.5 million in 2022, then surged by 873.6% to $121.9 million in 2023, then slumped by 305.48% to -$250.5 million in 2024, then soared by 182.71% to $207.2 million in 2025, then tumbled by 111.61% to -$24.1 million in 2026.
- Business Quant data shows CVE's Deferred Taxes at -$24.1 million in Q1 2026, $207.2 million in Q4 2025, and -$237.6 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Deferred Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Exxon Mobil | 6,326.01 Bn | 6,324.19 Bn | - | - |
| 2 | Petrobras - Petroleo Brasileiro | 3,284.86 Bn | 3,284.86 Bn | 11.34 Bn | - |
| 3 | Bp | 558.99 Bn | 524.30 Bn | 51.83 Bn | - |
| 4 | TotalEnergies SE | 523.98 Bn | 523.98 Bn | 26,816.00 | - |
| 5 | Chevron | 328.11 Bn | 333.77 Bn | 20.34 Bn | -264.00 Mn |
| 6 | Equinor Asa | 77.88 Bn | 70.78 Bn | - | - |
| 7 | National Fuel Gas | 7.37 Bn | 7.34 Bn | 650.52 Mn | 34.02 Mn |
| 8 | Diversified Energy | 1.02 Bn | 860.11 Mn | -3.35 Mn | - |
| 9 | Stabilis Solutions | 74.76 Mn | 64.12 Mn | 367,000.00 | - |
| 10 | Cenovus Energy | - | - | 6.46 Bn | -24.06 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -24.06 Mn |
| Dec 31, 2025 | 207.24 Mn |
| Sep 30, 2025 | -237.61 Mn |
| Jun 30, 2025 | -91.66 Mn |
| Mar 31, 2025 | -46.00 Mn |
| Dec 31, 2024 | -250.55 Mn |
| Sep 30, 2024 | -33.72 Mn |
| Jun 30, 2024 | -33.63 Mn |
| Mar 31, 2024 | -23.75 Mn |
| Dec 31, 2023 | 121.93 Mn |
| Sep 30, 2023 | -1.49 Mn |
| Jun 30, 2023 | -32.76 Mn |
| Mar 31, 2023 | -273.69 Mn |
| Dec 31, 2022 | 12.52 Mn |
| Jun 30, 2022 | -47.84 Mn |
| Mar 31, 2022 | 93.16 Mn |
| Dec 31, 2021 | 135.66 Mn |
| Sep 30, 2021 | 151.73 Mn |
| Jun 30, 2021 | 51.25 Mn |
| Mar 31, 2021 | 21.33 Mn |