Cenovus Energy (CVE) EBITDA (2009 - 2025)
Cenovus Energy's (CVE) quarterly EBITDA came in at $2.0 billion in Q4 2025, up 20.8% year-over-year from $1.6 billion in Q4 2024, and down 35.04% quarter-over-quarter from $3.0 billion in Q3 2025.
Analysis
Cenovus Energy (CVE) EBITDA (2009 - 2025) Analysis & Trends
Cenovus Energy has disclosed EBITDA across 17 years of filings, most recently posting $2.0 billion for Q4 2025.
- In Q4 2025, EBITDA rose 20.8% year-over-year to $2.0 billion; the TTM figure through Dec 2025 stood at $10.0 billion (down 11.03% YoY), while the FY2025 annual figure was $8.1 billion, down 5.32% from the prior year.
- EBITDA came in at $2.0 billion for Q4 2025 at Cenovus Energy, down from $3.0 billion in the prior quarter.
- In the past five years, EBITDA ranged from a high of $6.3 billion in Q3 2022 to a low of $6.8 million in Q2 2021.
- Average EBITDA over 5 years is $2.2 billion, with a median of $2.1 billion recorded in 2022.
- Year-over-year, EBITDA jumped 4571.05% in 2022 and plunged 38.31% in 2023.
- Over 5 years, EBITDA stood at $180.0 million in 2021, then soared by 679.44% to $1.4 billion in 2022, then soared by 71.56% to $2.4 billion in 2023, then plunged by 32.13% to $1.6 billion in 2024, then increased by 20.8% to $2.0 billion in 2025.
- Per Business Quant data, the three most recent EBITDA figures were $2.0 billion in Q4 2025, $3.0 billion in Q3 2025, and $2.2 billion in Q2 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Chevron | 417.01 Bn | 408.48 Bn | 33.45 Bn | -19.92 Bn |
| 2 | Shell | 282.76 Bn | 241.90 Bn | 30.13 Bn | 27.11 Bn |
| 3 | TotalEnergies SE | 232.43 Bn | 200.71 Bn | 23.46 Bn | -22.98 Bn |
| 4 | Eni Spa | 167.27 Bn | 151.69 Bn | - | 25.94 Bn |
| 5 | Equinor Asa | 114.69 Bn | 105.36 Bn | - | 12.99 Bn |
| 6 | Phillips 66 | 106.05 Bn | 101.95 Bn | 8.38 Bn | -38.69 Bn |
| 7 | Suncor Energy | 83.98 Bn | 78.60 Bn | 17.50 Bn | 17.48 Bn |
| 8 | Imperial Oil | 63.06 Bn | 61.00 Bn | - | 2.08 Bn |
| 9 | Occidental Petroleum | 59.24 Bn | 55.09 Bn | 7.73 Bn | 3.19 Bn |
| 10 | Cenovus Energy | 58.88 Bn | 56.91 Bn | 7.32 Bn | 1.97 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 1.97 Bn |
| Sep 30, 2025 | 3.04 Bn |
| Jun 30, 2025 | 2.17 Bn |
| Mar 31, 2025 | 2.78 Bn |
| Dec 31, 2024 | 1.63 Bn |
| Sep 30, 2024 | 3.53 Bn |
| Jun 30, 2024 | 2.92 Bn |
| Mar 31, 2024 | 3.10 Bn |
| Dec 31, 2023 | 2.41 Bn |
| Sep 30, 2023 | 3.88 Bn |
| Jun 30, 2023 | 2.32 Bn |
| Mar 31, 2023 | 2.08 Bn |
| Dec 31, 2022 | 1.40 Bn |
| Sep 30, 2022 | 6.28 Bn |
| Jun 30, 2022 | 319.50 Mn |
| Mar 31, 2022 | 2.13 Bn |
| Dec 31, 2021 | 180.00 Mn |
| Sep 30, 2021 | 1.26 Bn |
| Jun 30, 2021 | 6.84 Mn |
| Mar 31, 2021 | 906.00 Mn |