Q1: 2026-05-06 Earnings Summary
EPS of $0.89 beats by $0.13
|
Revenue of
$12.36B
(-7.09% Y/Y)
misses by $1.37B
Cenovus Energy Inc. (CVE:CA) Q1 2026 Earnings Call May 6, 2026 11:00 AM EDT
Company Participants
Patrick Read
Jonathan McKenzie - President, CEO & Non-Independent Director
Kam Sandhar - Executive VP & CFO
P. Dahlin - Executive VP & COO
Eric Zimpfer - Head of Downstream
Jeffery Lawson - Executive VP of Corporate Development & Chief Sustainability Officer
Conference Call Participants
Dennis Fong - CIBC Capital Markets, Research Division
Menno Hulshof - TD Cowen, Research Division
Alexa Petrick - Goldman Sachs Group, Inc., Research Division
Greg Pardy - RBC Capital Markets, Research Division
Travis Wood - National Bank Financial, Inc., Research Division
Manav Gupta - UBS Investment Bank, Research Division
Patrick O'Rourke - ATB Cormark Capital Markets Inc., Research Division
Presentation
Operator
Good morning, everyone. Thank you for standing by, and welcome to Cenovus Energy's First Quarter 2026 Results Conference Call. [Operator Instructions]
As a reminder, this call is being recorded.
I would now like to turn the meeting over to Mr. Patrick Read, Vice President, Investor Relations and Internal Audit. Please go ahead, Mr. Read.
Patrick Read
Thank you, operator. Good morning, everyone, and welcome to Cenovus' 2026 First Quarter Results Conference Call. On the call this morning are CEO, Jon McKenzie; and CFO, Kam Sandhar, will take you through our results. Then we'll open the line for Jon, Kam and other members of the Cenovous management team to take your questions.
Before getting started, I'll refer you to our advisories located at the end of today's news release. These describe the forward-looking information non-GAAP measures and oil and gas terms referred to today. They also outline the risk factors and assumptions relevant to this discussion. Additional information is available in Cenovus' annual MD&A and our most recent AIF and Form 40-F.
And as a reminder, all figures we referenced on the call today will be in Canadian
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