Cenovus Energy CVE
NYSE CVE
$32.62 -0.30 (-0.91%)
At close: Sep 18, 2026 · 4:00 PM EDT

Cenovus Energy (CVE) Free Cash Flow (2009 - 2025)

Cenovus Energy's (CVE) quarterly Free Cash Flow came in at $1.7 billion in Q4 2025, up 18.88% year-over-year from $1.5 billion in Q4 2024, and up 18.52% quarter-over-quarter from $1.5 billion in Q3 2025.

Analysis

Cenovus Energy (CVE) Free Cash Flow (2009 - 2025) Analysis & Trends

Cenovus Energy has disclosed Free Cash Flow across 17 years of filings, most recently posting $1.7 billion for Q4 2025.

  • In Q4 2025, Free Cash Flow rose 18.88% year-over-year to $1.7 billion; the TTM figure through Dec 2025 stood at $6.9 billion (down 22.43% YoY), while the FY2025 annual figure was -$4.9 billion, down 262.98% from the prior year.
  • Free Cash Flow came in at $1.7 billion for Q4 2025 at Cenovus Energy, up from $1.5 billion in the prior quarter.
  • In the past five years, Free Cash Flow ranged from a high of $4.6 billion in Q2 2022 to a low of -$286.0 million in Q1 2023.
  • Average Free Cash Flow over 5 years is $2.0 billion, with a median of $2.1 billion recorded in 2022.
  • Year-over-year, Free Cash Flow slumped 113.55% in 2023 and jumped 773.08% in 2024.
  • Over 5 years, Free Cash Flow stood at $2.6 billion in 2021, then retreated by 14.79% to $2.2 billion in 2022, then soared by 34.64% to $2.9 billion in 2023, then slumped by 50.7% to $1.5 billion in 2024, then advanced by 18.88% to $1.7 billion in 2025.
  • Per Business Quant data, the three most recent Free Cash Flow figures were $1.7 billion in Q4 2025, $1.5 billion in Q3 2025, and $2.4 billion in Q2 2025.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 Chevron 413.73 Bn 410.87 Bn 33.45 Bn 18.10 Bn
2 Shell 269.64 Bn 229.78 Bn 30.13 Bn 25.67 Bn
3 TotalEnergies SE 200.34 Bn 171.16 Bn 23.46 Bn 15.09 Bn
4 Eni Spa 171.91 Bn 162.06 Bn - 7.34 Bn
5 Equinor Asa 110.26 Bn 101.00 Bn - 6.60 Bn
6 Phillips 66 108.93 Bn 106.03 Bn 8.38 Bn 6.53 Bn
7 Suncor Energy 82.82 Bn 77.45 Bn 17.50 Bn 4.31 Bn
8 Imperial Oil 62.85 Bn 60.80 Bn - 1.57 Bn
9 Cenovus Energy 61.44 Bn 59.48 Bn 7.32 Bn 1.73 Bn
10 Occidental Petroleum 58.81 Bn 55.30 Bn 7.73 Bn 3.50 Bn
Historic Data

Historic Data

Download Data
DateValue
Dec 31, 2025 1.73 Bn
Sep 30, 2025 1.46 Bn
Jun 30, 2025 2.37 Bn
Mar 31, 2025 1.32 Bn
Dec 31, 2024 1.45 Bn
Sep 30, 2024 2.68 Bn
Jun 30, 2024 2.81 Bn
Mar 31, 2024 1.93 Bn
Dec 31, 2023 2.95 Bn
Sep 30, 2023 698.94 Mn
Jun 30, 2023 1.99 Bn
Mar 31, 2023 -286.00 Mn
Dec 31, 2022 2.19 Bn
Sep 30, 2022 3.37 Bn
Jun 30, 2022 4.64 Bn
Mar 31, 2022 2.11 Bn
Dec 31, 2021 2.57 Bn
Sep 30, 2021 2.20 Bn
Jun 30, 2021 1.90 Bn
Mar 31, 2021 775.00 Mn