Cenovus Energy Inc. (CVE) balance sheet
NYSE · Energy · Oil & Gas Integrated · 7,211 employees · CEO Jonathan McKenzie
- Price
- $32.73 +1.87%
- Market cap
- $60.4B
- Enterprise value
- CA$92.9B
- Last report
- Q2 '26 filed 2026-07-29
- Next report
- 2026-11-04
At the end of Q2 '26 Cenovus Energy Inc. (CVE) held CA$3.17B in cash and short-term investments against CA$11.6B of debt incl. leases. Total assets CA$65.1B, total liabilities CA$30.9B, shareholders' equity CA$34.2B.
Balance sheet
| Balance sheet | Trend | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||||
| Cash & equivalents | CA$1.26B | CA$2.23B | CA$2.4B | CA$3.15B | CA$3.1B | CA$3.09B | CA$2.77B | CA$2.56B | CA$1.9B | CA$2.74B | CA$2.58B | CA$3.17B | |
| Receivables | CA$4.53B | CA$2.74B | CA$4B | CA$3.89B | CA$2.98B | CA$2.66B | CA$3.02B | CA$2.98B | CA$2.58B | CA$3.45B | CA$4.79B | CA$4.45B | |
| Inventory | CA$4.82B | CA$4.03B | CA$4.44B | CA$4.61B | CA$4.1B | CA$4.5B | CA$4.32B | CA$3.92B | CA$3.13B | CA$3.35B | CA$4.14B | CA$4.36B | |
| Other current assets | CA$133M | CA$465M | CA$201M | CA$0 | CA$0 | CA$0 | CA$0 | CA$0 | CA$1.9B | CA$353M | CA$0 | CA$0 | |
| Current assets | CA$10.7B | CA$9.71B | CA$10.8B | CA$11.6B | CA$10.2B | CA$10.4B | CA$10.1B | CA$9.46B | CA$9.77B | CA$9.88B | CA$11.5B | CA$12B | |
| Property, plant & equipment (net) | CA$39.3B | CA$39.7B | CA$39.6B | CA$39.7B | CA$39.7B | CA$41B | CA$41.1B | CA$41.1B | CA$38.3B | CA$47.4B | CA$47.3B | CA$47B | |
| Long-term investments | CA$422M | CA$558M | CA$428M | CA$691M | CA$411M | CA$679M | CA$362M | CA$338M | CA$321M | CA$873M | CA$558M | CA$572M | |
| Goodwill | CA$2.92B | CA$2.92B | CA$2.92B | CA$2.92B | CA$2.92B | CA$2.92B | CA$2.92B | CA$2.92B | CA$2.92B | CA$2.91B | CA$2.92B | CA$2.91B | |
| Intangible assets | CA$11M | CA$0 | CA$0 | CA$0 | CA$0 | CA$11M | CA$0 | CA$0 | CA$0 | CA$23M | CA$0 | CA$0 | |
| Deferred tax assets | CA$642M | CA$696M | CA$625M | CA$631M | CA$734M | CA$1.06B | CA$1.19B | CA$1.22B | CA$1.52B | CA$1.59B | CA$1.54B | CA$1.43B | |
| Other non-current assets | CA$423M | CA$362M | CA$544M | CA$432M | CA$703M | CA$426M | CA$709M | CA$750M | CA$728M | CA$717M | CA$1.16B | CA$1.21B | |
| Non-current assets | CA$43.7B | CA$44.2B | CA$44.2B | CA$44.4B | CA$44.5B | CA$46.1B | CA$46.3B | CA$46.4B | CA$43.8B | CA$53.5B | CA$53.5B | CA$53.2B | |
| Total assets | CA$54.4B | CA$53.9B | CA$55B | CA$56B | CA$54.7B | CA$56.5B | CA$56.4B | CA$55.8B | CA$53.6B | CA$63.4B | CA$65B | CA$65.1B | |
| Liabilities | |||||||||||||
| Accounts payable | CA$6.44B | CA$1.08B | CA$5.81B | CA$6.48B | CA$5.63B | CA$1.01B | CA$5.95B | CA$6.22B | CA$5.22B | CA$5.84B | CA$6.71B | CA$6.02B | |
| Accrued expenses | CA$0 | CA$4.01B | CA$0 | CA$0 | CA$0 | CA$4.98B | CA$0 | CA$0 | CA$0 | CA$0 | CA$0 | CA$0 | |
| Short-term debt | CA$14M | CA$179M | CA$0 | CA$137M | CA$281M | CA$365M | CA$515M | CA$438M | CA$0 | CA$369M | CA$375M | CA$383M | |
| Taxes payable | CA$146M | CA$88M | CA$113M | CA$74M | CA$181M | CA$396M | CA$66M | CA$115M | CA$0 | CA$0 | CA$0 | CA$0 | |
| Deferred revenue | CA$0 | CA$19M | CA$0 | CA$0 | CA$0 | CA$0 | CA$0 | CA$0 | CA$0 | CA$0 | CA$0 | CA$0 | |
| Other current liabilities | CA$295M | CA$466M | CA$142M | CA$40M | CA$0 | CA$143M | CA$0 | CA$0 | CA$93M | CA$0 | CA$0 | CA$0 | |
| Current liabilities | CA$7.21B | CA$6.21B | CA$6.37B | CA$7.03B | CA$6.38B | CA$7.36B | CA$6.91B | CA$7.14B | CA$5.65B | CA$6.31B | CA$7.35B | CA$7.36B | |
| Long-term debt | CA$7.22B | CA$7.11B | CA$7.23B | CA$7.28B | CA$7.02B | CA$7.34B | CA$7.33B | CA$7.06B | CA$7.16B | CA$13.8B | CA$10.7B | CA$8.56B | |
| Lease obligations (non-current) | CA$2.42B | CA$2.36B | CA$2.3B | CA$2.3B | CA$2.35B | CA$2.57B | CA$2.54B | CA$2.62B | CA$2.53B | CA$2.8B | CA$2.75B | CA$2.69B | |
| Deferred tax liabilities | CA$0 | CA$0 | CA$0 | CA$0 | CA$4.11B | CA$4.05B | CA$4.05B | CA$4B | CA$0 | CA$5.87B | CA$5.78B | CA$5.94B | |
| Other non-current liabilities | CA$8.75B | CA$9.53B | CA$9.36B | CA$9.37B | CA$5.21B | CA$5.45B | CA$5.5B | CA$5.58B | CA$9.85B | CA$2.95B | CA$5.86B | CA$6.37B | |
| Non-current liabilities | CA$18.4B | CA$19B | CA$18.9B | CA$18.9B | CA$18.7B | CA$19.4B | CA$19.4B | CA$19.3B | CA$19.5B | CA$25.5B | CA$25B | CA$23.6B | |
| Total liabilities | CA$25.6B | CA$25.2B | CA$25.2B | CA$26B | CA$25.1B | CA$26.8B | CA$26.3B | CA$26.4B | CA$25.2B | CA$31.8B | CA$32.4B | CA$30.9B | |
| Equity | |||||||||||||
| Common stock & paid-in capital | CA$16.1B | CA$16B | CA$16B | CA$15.9B | CA$15.7B | CA$15.7B | CA$15.6B | CA$15.5B | CA$15.2B | CA$18.6B | CA$18.6B | CA$18.3B | |
| Retained earnings | CA$8.44B | CA$8.91B | CA$9.82B | CA$10.2B | CA$10.7B | CA$10.5B | CA$11B | CA$11.5B | CA$12.2B | CA$12.3B | CA$13.2B | CA$14.8B | |
| Accumulated other comprehensive income | CA$1.45B | CA$1.21B | CA$1.49B | CA$1.74B | CA$1.56B | CA$2.31B | CA$2.3B | CA$1.65B | CA$619M | CA$405M | CA$652M | CA$922M | |
| Shareholders' equity | CA$28.8B | CA$28.7B | CA$29.7B | CA$30B | CA$29.6B | CA$29.8B | CA$30B | CA$29.4B | CA$28.4B | CA$31.6B | CA$32.6B | CA$34.2B | |
| Debt | |||||||||||||
| Total debt (incl. leases) | CA$9.97B | CA$9.95B | CA$9.83B | CA$10B | CA$9.94B | CA$10.6B | CA$10.8B | CA$10.5B | CA$10B | CA$17B | CA$13.8B | CA$11.6B | |
| Net debt (debt - cash) | CA$8.71B | CA$7.72B | CA$7.43B | CA$6.86B | CA$6.84B | CA$7.54B | CA$8B | CA$7.92B | CA$8.13B | CA$14.3B | CA$11.2B | CA$8.46B | |
| Balance sheet | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||
| Cash & equivalents | CA$3.72B | CA$610M | CA$781M | CA$186M | CA$378M | CA$2.87B | CA$4.52B | CA$2.23B | CA$3.09B | CA$2.74B | |
| Receivables | CA$1.65B | CA$1.62B | CA$1.19B | CA$1.45B | CA$1.16B | CA$3.41B | CA$3.02B | CA$3.21B | CA$2.66B | CA$3.45B | |
| Inventory | CA$1.24B | CA$1.39B | CA$1.01B | CA$1.53B | CA$1.09B | CA$3.92B | CA$4.31B | CA$4.03B | CA$4.5B | CA$3.35B | |
| Other current assets | CA$21M | CA$1.11B | CA$163M | CA$62M | CA$231M | CA$1.3B | CA$172M | CA$0 | CA$0 | CA$353M | |
| Current assets | CA$6.82B | CA$5.01B | CA$3.2B | CA$3.28B | CA$2.98B | CA$12B | CA$12.4B | CA$9.71B | CA$10.4B | CA$9.88B | |
| Property, plant & equipment (net) | CA$18B | CA$33.3B | CA$29.5B | CA$29.9B | CA$27.2B | CA$37B | CA$39B | CA$39.7B | CA$41B | CA$47.4B | |
| Long-term investments | CA$35M | CA$37M | CA$38M | CA$52M | CA$161M | CA$501M | CA$420M | CA$558M | CA$679M | CA$873M | |
| Goodwill | CA$242M | CA$2.27B | CA$2.27B | CA$2.27B | CA$2.27B | CA$3.47B | CA$2.92B | CA$2.92B | CA$2.92B | CA$2.91B | |
| Intangible assets | CA$0 | CA$0 | CA$0 | CA$101M | CA$89M | CA$78M | CA$19M | CA$0 | CA$11M | CA$23M | |
| Deferred tax assets | CA$92M | CA$0 | CA$6M | CA$0 | CA$0 | CA$694M | CA$546M | CA$696M | CA$1.06B | CA$1.59B | |
| Other non-current assets | CA$56M | CA$347M | CA$186M | CA$58M | CA$99M | CA$415M | CA$502M | CA$362M | CA$426M | CA$717M | |
| Non-current assets | CA$18.4B | CA$35.9B | CA$32B | CA$32.4B | CA$29.8B | CA$42.1B | CA$43.4B | CA$44.2B | CA$46.1B | CA$53.5B | |
| Total assets | CA$25.3B | CA$40.9B | CA$35.2B | CA$35.7B | CA$32.8B | CA$54.1B | CA$55.9B | CA$53.9B | CA$56.5B | CA$63.4B | |
| Liabilities | |||||||||||
| Accounts payable | CA$105M | CA$337M | CA$767M | CA$954M | CA$608M | CA$2.55B | CA$2.33B | CA$1.08B | CA$1.01B | CA$5.5B | |
| Accrued expenses | CA$2.05B | CA$2.13B | CA$790M | CA$1.19B | CA$1.12B | CA$2.94B | CA$3.5B | CA$4.03B | CA$4.98B | CA$163M | |
| Short-term debt | CA$0 | CA$0 | CA$682M | CA$0 | CA$121M | CA$79M | CA$115M | CA$179M | CA$365M | CA$369M | |
| Taxes payable | CA$112M | CA$129M | CA$17M | CA$0 | CA$0 | CA$179M | CA$1.21B | CA$88M | CA$396M | CA$0 | |
| Other current liabilities | CA$353M | CA$1.73B | CA$104M | CA$177M | CA$327M | CA$886M | CA$489M | CA$466M | CA$143M | CA$182M | |
| Current liabilities | CA$2.67B | CA$4.44B | CA$2.6B | CA$2.52B | CA$2.36B | CA$7.31B | CA$8.02B | CA$6.21B | CA$7.36B | CA$6.31B | |
| Long-term debt | CA$6.33B | CA$9.51B | CA$8.48B | CA$6.7B | CA$7.44B | CA$12.4B | CA$8.69B | CA$7.11B | CA$7.34B | CA$13.8B | |
| Lease obligations (non-current) | CA$0 | CA$0 | CA$0 | CA$1.72B | CA$1.57B | CA$2.69B | CA$2.53B | CA$2.36B | CA$2.57B | CA$2.8B | |
| Deferred revenue (non-current) | CA$0 | CA$0 | CA$0 | CA$0 | CA$0 | CA$41M | CA$45M | CA$0 | CA$0 | CA$0 | |
| Deferred tax liabilities | CA$0 | CA$0 | CA$0 | CA$0 | CA$0 | CA$3.29B | CA$4.28B | CA$4.19B | CA$4.05B | CA$5.87B | |
| Other non-current liabilities | CA$4.67B | CA$7B | CA$6.62B | CA$5.57B | CA$4.69B | CA$4.79B | CA$4.71B | CA$5.34B | CA$5.45B | CA$2.95B | |
| Non-current liabilities | CA$11B | CA$16.5B | CA$15.1B | CA$14B | CA$13.7B | CA$23.2B | CA$20.3B | CA$19B | CA$19.4B | CA$25.5B | |
| Total liabilities | CA$13.7B | CA$21B | CA$17.7B | CA$16.5B | CA$16.1B | CA$30.5B | CA$28.3B | CA$25.2B | CA$26.8B | CA$31.8B | |
| Equity | |||||||||||
| Common stock & paid-in capital | CA$5.53B | CA$11B | CA$11B | CA$11B | CA$11B | CA$17B | CA$16.3B | CA$16B | CA$15.7B | CA$18.6B | |
| Retained earnings | CA$796M | CA$3.94B | CA$1.02B | CA$2.96B | CA$501M | CA$878M | CA$6.39B | CA$8.91B | CA$10.5B | CA$12.3B | |
| Accumulated other comprehensive income | CA$910M | CA$643M | CA$1.04B | CA$827M | CA$775M | CA$684M | CA$1.47B | CA$1.21B | CA$2.31B | CA$405M | |
| Shareholders' equity | CA$11.6B | CA$20B | CA$17.5B | CA$19.2B | CA$16.7B | CA$23.6B | CA$27.6B | CA$28.7B | CA$29.8B | CA$31.6B | |
| Debt | |||||||||||
| Total debt (incl. leases) | CA$6.33B | CA$9.51B | CA$9.16B | CA$8.62B | CA$9.32B | CA$15.4B | CA$11.6B | CA$9.95B | CA$10.6B | CA$17B | |
| Net debt (debt - cash) | CA$2.61B | CA$8.9B | CA$8.38B | CA$8.43B | CA$8.94B | CA$12.5B | CA$7.12B | CA$7.72B | CA$7.54B | CA$14.3B | |
Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in CAD.
Cash, investments and debt
quarter endsThe other statements
Sources
Statements, segment revenue, metrics and estimates: Financial Modeling Prep.
Data as of 2026-11-02 · Amounts in CAD as reported; price and market cap in USD.