UPDATE 2-Cenovus Energy's quarterly profit rises as production climbs

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Nov 2 (Reuters) - Canadian oil and gas firm Cenovus Energy posted a rise in third-quarter profit on Thursday, helped by strong demand for crude oil amid tight supplies and higher production.

Supply cuts from OPEC+ countries led by Saudi Arabia and Russia kept the crude oil market tight. That provided a boost to U.S. oil prices, which climbed 9.4% on an average, sequentially during the quarter.

Cenovus said its quarterly upstream production climbed to 797,000 barrels of oil equivalent per day (boepd) from 777,900 boepd a year earlier, as it restarted production that had been offline due to Alberta wildfires and planned maintenance activity.

The Canadian energy firm also reported a 24.5% rise in downstream throughput to 664,300 barrels per day (bpd), helped by its Toledo refinery's performance.

Its U.S.-listed shares rose 1.5% to $19.33 in early trading.

The Calgary, Alberta-based company reported net income of C$1.86 billion ($1.35 billion), or 97 Canadian cents per share, for the quarter ended Sept. 30, compared with C$1.61 billion, or 81 Canadian cents per share, a year earlier.

But its earnings missed analysts' expectations of C$1.01 per share, according to LSEG data.

Cenovus said its results were partially offset by higher cash taxes and royalties and oil sands segment sales lagging production by about 6,000 boepd during the quarter.

It also said planned maintenance activities in its U.S. operations in the current quarter, would impact production in the range of 55,000 bpd to 65,000 bpd. ($1 = 1.3819 Canadian dollars) (Reporting by Sourasis Bose in Bengaluru; Editing by Shilpi Majumdar)