{"id":652192,"date":"2026-05-06T19:45:08","date_gmt":"2026-05-06T19:45:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/652192\/"},"modified":"2026-05-06T19:45:08","modified_gmt":"2026-05-06T19:45:08","slug":"company-reports-q1-profit-up-from-year-ago","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/652192\/","title":{"rendered":"Company reports Q1 profit up from year ago"},"content":{"rendered":"<p class=\"b-date-custom__date-item\">Updated:\u00a0May 06, 2026 at 2:09PM EDT<\/p>\n<p class=\"b-date-custom__date-item\">Published:\u00a0May 06, 2026 at 7:21AM EDT<\/p>\n<p class=\"c-paragraph\">CALGARY \u2014 <a href=\"https:\/\/www.bnnbloomberg.ca\/stock\/CVE:CT\/\" target=\"_self\" rel=\"nofollow noopener\" title=\"https:\/\/www.bnnbloomberg.ca\/stock\/CVE:CT\/\">Cenovus Energy Inc<\/a>. raised its base dividend by 10 per cent as it reported a first-quarter profit of $1.57 billion, up from $859 million a year ago.<\/p>\n<p class=\"c-paragraph\">The company says it will now pay a quarterly base dividend of 22 cents per share, up from 20 cents per share.<\/p>\n<p class=\"c-paragraph\">Cenovus\u2019s first-quarter profit <a href=\"https:\/\/www.bnnbloomberg.ca\/press-releases\/2026\/05\/06\/cenovus-announces-first-quarter-2026-results\/\" target=\"_self\" rel=\"nofollow noopener\" title=\"https:\/\/www.bnnbloomberg.ca\/press-releases\/2026\/05\/06\/cenovus-announces-first-quarter-2026-results\/\">amounted to 83 cents per diluted share, up from 47 cents per diluted share<\/a> in the same quarter last year.<\/p>\n<p class=\"c-paragraph\">Revenue totalled $12.36 billion, down from $13.30 billion a year earlier.<\/p>\n<p class=\"c-paragraph\">Total upstream production was 972,100 barrels of oil equivalent per day, up from 818,900 boepd in the first quarter of 2025.<\/p>\n<p class=\"c-paragraph\">Downstream crude throughput was 458,500 barrels per day, down from 665,400 a year earlier.<\/p>\n<p class=\"c-paragraph\">This report by The Canadian Press was first published May 6, 2026.<\/p>\n<p class=\"c-paragraph\">Read more:<\/p>\n","protected":false},"excerpt":{"rendered":"Updated:\u00a0May 06, 2026 at 2:09PM EDT Published:\u00a0May 06, 2026 at 7:21AM EDT CALGARY \u2014 Cenovus Energy Inc. raised&hellip;\n","protected":false},"author":2,"featured_media":652193,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[45,49,48,14236,14237],"class_list":["post-652192","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-ca","tag-canada","tag-oilgas","tag-utilities"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/652192","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=652192"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/652192\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/652193"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=652192"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=652192"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=652192"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}