May. 7 at 6:18 PM
$CVE.TSX
$CVE
First quarter 2026 earnings: EPS exceeds analyst expectations while revenues lag behind
EPS: CA
$0.84 (up from CA
$0.47 in 1Q 2025).
Revenue: CA
$12.4B (down 7.1% from 1Q 2025).
Net income: CA
$1.57B (up 84% from 1Q 2025).
Profit margin: 13% (up from 6.4% in 1Q 2025). The increase in margin was driven by lower expenses.
Revenue missed analyst estimates by 10.0%. Earnings per share (EPS) exceeded analyst estimates by 20%.
Revenue is expected to decline by 5.4% p.a. on average during the next 3 years, while revenues in the oil and gas industry in Canada are expected to grow by 4.2%.
Over the last 3 years on average, earnings per share have fallen by 8% per year, but the company’s share price has increased by 22% per year, which means it is well ahead of earnings.
