Cenovus Energy Inc.
Close on Nov 2, 2026Market cap $57.78BP/E 20.0Yield –
Cenovus Energy Net Debt (C$M): 8,292M in 2025, up 79.7% from a year earlier.
Where the 2025 figure comes from
“|| Net Debt | 8,292 | 4,614 | 5,060”
Source: Cenovus Energy Form 40-F (FY2025 Annual MD&A), filed 2026-02-19 ↗
Cenovus maintains a long-term Net Debt target of C$4.0 billion, returning 100% of Excess Free Funds Flow to shareholders when Net Debt is at or near C$4.0B.
Annual history
Hover a value to see the sentence it was read from; calculated values show their formula
| Period | Ended | Net Debt (C$M) (M) | Year on year | Source |
|---|---|---|---|---|
| 2025 | Dec 31, 2025 | 8,292 | +79.7% | Cenovus Energy Form 40-F (FY2025 Annual MD&A), filed 2026-02-19 ↗ |
| 2024 | Dec 31, 2024 | 4,614 | -8.8% | Cenovus Energy Form 40-F (FY2025 Annual MD&A), filed 2026-02-19 ↗ |
| 2023 | Dec 31, 2023 | 5,060 | +18.2% | Cenovus Energy Form 40-F (FY2025 Annual MD&A), filed 2026-02-19 ↗ |
| 2022 | Dec 31, 2022 | 4,282 | -55.4% | Cenovus Energy Form 40-F (FY2024 Annual MD&A), filed 2025-02-20 ↗ |
| 2021 | Dec 31, 2021 | 9,591 | +28,108.8% | Cenovus Energy Form 40-F (FY2023 Annual MD&A), filed 2024-02-15 ↗ |
| 2020 | Dec 31, 2020 | 34 | -99.5% | Cenovus Energy Form 40-F (FY2021 Annual MD&A), filed 2022-02-08 ↗ |
| 2019 | Dec 31, 2019 | 7,184 | – | Cenovus Energy Form 40-F (FY2021 Annual MD&A), filed 2022-02-08 ↗ |
Breakdown
What makes up net Debt (C$M)
- Total Debt (C$M)11,032 · 2025
- Long-Term Debt Including Current Portion (C$M)11,032 · 2025
- Net Debt to Adjusted Funds Flow Ratio (x)0.90 · 2025
- Common Shares Outstanding at Period-End (millions)1,883 · 2025
- Weighted Average Common Shares — Basic (millions)1,810 · 2025
- Weighted Average Common Shares — Diluted (millions)1,820 · 2025
- TSX Closing Common Share Price (C$/share)23.22 · 2025
- NYSE Closing Common Share Price (US$/share)16.92 · 2025
- Combined TSX & NYSE Common Share Volume Traded (millions)7,022 · 2025
Cite this data
StockData. (2026). Cenovus Energy Net Debt (C$M) (M), annual 2019–2025 [Data set]. Compiled from Cenovus Energy SEC filings and investor materials. https://stockdatahq.com/stocks/cve/kpis/supp-net-debt
See every metric in the Cenovus Energy KPI table. Data updated Nov 3, 2026.