Cenovus Energy (CVE) Restructuring Costs (2017 - 2023)

Cenovus Energy has disclosed Restructuring Costs across 5 years of filings, most recently posting $36.6 million for Q3 2023.

• In Q3 2023, Restructuring Costs fell 39.66% year-over-year to $36.6 million; the TTM figure through Sep 2023 stood at $161.9 million (down 6.06% YoY), while the FY2022 annual figure was $81.5 million, down 70.72% from the prior year.
• Restructuring Costs came in at $36.6 million for Q3 2023 at Cenovus Energy, down from $60.6 million in the prior quarter.
• In the past five years, Restructuring Costs ranged from a high of $223.0 million in Q1 2021 to a low of $22.2 million in Q4 2020.
• Average Restructuring Costs over 4 years is $58.2 million, with a median of $36.6 million recorded in 2023.
• Year-over-year, Restructuring Costs surged 111.29% in 2021 and sank 89.24% in 2022.
• Over 4 years, Restructuring Costs stood at $22.2 million in 2020, then surged by 111.29% to $47.0 million in 2021, then climbed by 28.88% to $60.6 million in 2022, then sank by 39.66% to $36.6 million in 2023.
• Per Business Quant data, the three most recent Restructuring Costs figures were $36.6 million in Q3 2023, $60.6 million in Q3 2022, and $40.8 million in Q2 2022.