Cenovus Energy Q2 2025 Financial and Operating Results

SEC Filing 6-K (0001475260-25-000022)

Cenovus Energy Inc. announced its second-quarter 2025 financial and operating results, generating approximately $2.4 billion in cash from operating activities, $1.5 billion of adjusted funds flow, and $355 million of free funds flow. Total upstream production was 765,900 barrels of oil equivalent per day (BOE/d), reflecting planned turnarounds and wildfire impacts. Downstream crude throughput was 665,800 barrels per day (bbls/d), with a 92% utilization rate. Key highlights include achieving first oil at Narrows Lake, major milestones on the West White Rose project, and the completion of major turnarounds at Toledo, Sunrise, and Foster Creek. The company returned $819 million to shareholders through share buybacks, dividends, and preferred share redemptions. Cenovus also updated its 2025 guidance, reflecting a revised outlook for the remainder of the year.