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
DateValue
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