Cenovus Energy (CVE) Deferred Taxes (2010 - 2026)
Cenovus Energy's (CVE) quarterly Deferred Taxes came in at -$24.1 million in Q1 2026, up 47.68% year-on-year from -$16.3 million in Q1 2025, and down 111.61% quarter-over-quarter from $207.2 million in Q4 2025.
Cenovus Energy (CVE) Deferred Taxes (2010 - 2026) Analysis & Trends
Cenovus Energy has disclosed Deferred Taxes across 11 years of filings, most recently posting -$24.1 million for Q1 2026.
- Deferred Taxes for Q1 2026 came in at -$24.1 million, up 47.68% year-over-year; the trailing twelve-month figure through Mar 2026 was -$146.1 million (up 59.85% YoY), and the FY2025 annual result was -$165.3 million, up 51.27% from the prior year.
- Deferred Taxes came in at -$24.1 million for Q1 2026 at Cenovus Energy, down from $207.2 million in the prior quarter.
- In the past five years, Deferred Taxes ranged from a high of $207.2 million in Q4 2025 to a low of -$273.7 million in Q1 2023.
- The 5-year median for Deferred Taxes is -$33.2 million (2023), against an average of -$41.4 million.
- Across the five-year window, Deferred Taxes jumped 873.6% in 2023 and slumped 2160.29% in 2024, its largest moves.
- Cenovus Energy's Deferred Taxes stood at $12.5 million in 2022, then surged by 873.6% to $121.9 million in 2023, then sank by 305.48% to -$250.5 million in 2024, then soared by 182.71% to $207.2 million in 2025, then slumped by 111.61% to -$24.1 million in 2026.
- The last three Deferred Taxes figures came in at -$24.1 million (Q1 2026), $207.2 million (Q4 2025), and -$237.6 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Deferred Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Petrobras - Petroleo Brasileiro | 1,901.04 Bn | 1,894.28 Bn | 11.34 Bn | - |
| 2 | Exxon Mobil | 629.96 Bn | 628.14 Bn | - | - |
| 3 | TotalEnergies SE | 621.59 Bn | 621.59 Bn | 26,816.00 | - |
| 4 | Shell | 546.31 Bn | 505.07 Bn | - | - |
| 5 | Chevron | 370.90 Bn | 376.56 Bn | 20.34 Bn | -264.00 Mn |
| 6 | Cenovus Energy | 354.37 Bn | 352.41 Bn | 6.46 Bn | -24.06 Mn |
| 7 | Eni Spa | 252.26 Bn | 242.70 Bn | - | - |
| 8 | Bp | 196.12 Bn | 159.56 Bn | - | - |
| 9 | Suncor Energy | 57.67 Bn | 55.06 Bn | 7.44 Bn | -37.19 Mn |
| 10 | Imperial Oil | 42.92 Bn | 42.17 Bn | - | - |
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 |