Cenovus announces 2026 capital budget and corporate guidance
Cenovus Energy Inc (CVE)
Last cenovus energy inc earnings: 4/29 06:00 am
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Source: GlobeNewswire
CALGARY, Alberta, Dec. 11, 2025 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today announced its 2026 capital budget and corporate guidance. 2026 guidance highlights: Capital investment of between $5.0 billion and $5.3 billion, including approximately $350 million of capitalized turnaround costs. Excluding turnaround costs, capital investment is expected to be between $4.7 billion and $5.0 billion, consistent with Cenovus’s planned reduction in growth investments relative to 2025.Upstream production of between 945,000 barrels of oil equivalent per day (BOE/d) and 985,000 BOE/d, representing a year-over-year growth rate of approximately 4%1, adjusted for the acquisition of MEG Energy Corp. (MEG).Downstream crude throughput of between 430,000 barrels per day (bbls/d) and 450,000 bbls/d, representing a crude utilization rate of approximately 91% to 95%.General and administrative (G&A) costs, excluding stock-based compensation, are expected to remain flat relative to
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- RBC Maintains Cenovus Energy's Outperform Rating, C$32 Price Target [Yahoo! Finance]Yahoo! Finance
- How Recent Cenovus Deal Developments Are Reshaping The MEG Energy Investment Story [Yahoo! Finance]Yahoo! Finance
- 3 No-Brainer Oil Stocks to Buy With $1,000 Right Now [Yahoo! Finance Canada]Yahoo! Finance Canada
- Cenovus announces 2026 capital budget and corporate guidance [Canadian Business Journal (Canada)]Canadian Business Journal
- Cenovus Energy Releases 2026 Capital Budget [Yahoo! Finance]Yahoo! Finance
CVE
Earnings
- 10/31/25 - Beat
CVE
Sec Filings
- 12/11/25 - Form 6-K
- 12/1/25 - Form 6-K
- 12/1/25 - Form F-10
- CVE's page on the SEC website