Cenovus 二季度收入和 EPS 低于预期，但上调 2026 年产量并下调部分成本指引

Cenovus Energy press release (CVE): Q2 GAAP EPS of C$1.53 misses by C$0.06 . Revenue of C$17.4B (+41.5% Y/Y) misses by C$340M . Upstream revenues were C$12.6 billion, an increase from C$9.4 billion in the previous quarter, while Downstream revenues were C$8.2 billion, an increase from C$5.6 billion in the first quarter. Total Upstream production was 970.4 MBOE/d, compared to 972.1 MBOE/d in the first quarter. Cenovus is on track to achieve an Upstream monthly production milestone in excess of one million BOE/d in the month of July. 2026 guidance update Cenovus has revised its 2026 corporate guidance to reflect the company’s updated outlook for the remainder of the year. It is available on cenovus.com under Investors. Changes to the company’s 2026 guidance include: Total upstream production raised to a range of 970 MBOE/d to 1,010 MBOE/d, an increase of 25 MBOE/d. This includes the impacts of strong performance in the Oil Sands and optimization of turnaround activity at Foster Creek and Christina Lake. Decreased overall Upstream operating cost guidance, including reductions to Oil Sands, Conventional and Asia Pacific as a result of higher production and lower costs. Revised operating cost guidance ranges are as follows: Oil Sands operating costs per BOE: From C$11.25 - C$12.75 to C$10.75 - C$11.75 Conventional operating costs per BOE: From C$11.00 - C$12.00 to C$10.00 - C$10.50 Asia Pacific operating costs per BOE: From C$10.00 - C$11.00 to C$9.50 - C$10.00 Atlantic operating costs per bbl: From C$35.00 - C$45.00 to C$40.00 - C$45.00 Canadian Refining throughput raised to a range of 110 Mbbls/d to 115 Mbbls/d, an increase of 5 Mbbls/d at the midpoint, and Canadian Refining per-unit operating expenses decreased to a range of C$10.50/bbl to C$11.50/bbl, reflecting strong year-to-date performance. The company has also updated its commodity price assumptions and guidance range for cash taxes. There has been no change to the expected capital investment range of C$5.0 billion to C$5.3 billion.