Cenovus Energy Q3 2025 Financial and Operating Results

Cenovus Energy Inc. announced its third-quarter 2025 financial and operating results, reporting record upstream production and downstream crude throughput. The company generated $2.1 billion in cash from operating activities, $2.5 billion in adjusted funds flow, and $1.3 billion in free funds flow. Key highlights include record upstream production of 832,900 barrels of oil equivalent per day (BOE/d) and downstream crude throughput of 710,700 barrels per day (bbls/d), achieving a 99% utilization rate. The company also completed the Foster Creek optimization project and is nearing the completion of the West White Rose project. Cenovus returned $1.3 billion to shareholders through share repurchases and dividends. Additionally, the company announced an amended agreement to acquire MEG Energy Corp., with the transaction expected to close in mid-November 2025.