Cenovus (CVE) Tops on Q4 Earnings, Expects '24 Production Hike
CVECenovus Energy(CVE) Zacks Investment Research·2024-02-17 01:45

Cenovus Energy Inc. (CVE) reported fourth-quarter 2023 adjusted earnings per share of 29 cents, which beat the Zacks Consensus Estimate of 25 cents. The bottom line is in line with the year-ago quarter’s 29 cents.Total quarterly revenues of $9.65 billion missed the Zacks Consensus Estimate of $9.73 billion. The top line also declined from the year-ago quarter’s $10.36 billion.Strong quarterly earnings can be primarily attributed to higher contributions from the Oil Sands unit and lower expenses.Operational ...