Cenovus Power Inc. reported a loss within the last quarter of 2020 in contrast with a revenue a yr earlier.
The corporate says it misplaced $153 million or 12 cents per share for the quarter ended Dec. 31 in contrast with a revenue of $113 million or 9 cents per share within the fourth quarter of 2019.
Cenovus says its working loss for the quarter totalled $551 million or 45 cents per share for the quarter in contrast with an working lack of $164 million or 13 cents per share a yr earlier.
Complete manufacturing within the quarter averaged 467,202 barrels of oil equal per day, in contrast with 467,448 boepd a yr earlier.
Cenovus accomplished its takeover of Husky Power on Jan. 1.
Final month, the corporate unveiled a capital spending price range of between $2.3 billion and $2.7 billion for 2021, together with $2.1 billion in sustaining capital.