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Canadian Natural (TSE:CNQ)
TSX:CNQ
Earnings Data
Report Date
Jul 31, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.69Last Year’s EPS
0.88Same Quarter Last Year
Moderate Buy
Based on 11 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 08, 2025
|% Change Since: 12.83%
|Next Earnings Date:Jul 31, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a strong overall performance with record production figures and significant cost efficiency achievements. Financial results were robust, with increased dividends and shareholder returns highlighting the company's solid financial health. However, some challenges were noted in specific production areas and market conditions, which require ongoing operational adjustments and monitoring.Company Guidance
During Canadian Natural's 2025 first quarter earnings call, the company delivered impressive operational and financial performance metrics. They achieved record quarterly production of approximately 1.582 million BOEs per day, with liquids production hitting 1.174 million barrels per day and natural gas production reaching 2.451 BCF per day. The oil sands mining and upgrading asset set a new record with synthetic crude oil (SCO) production at approximately 595,000 barrels per day, a 34% increase over the first quarter of 2024. This was supported by industry-leading SCO operating costs of $21.88 per barrel. The company reported adjusted fund flow of approximately $4.5 billion and adjusted net earnings of $2.4 billion, with returns to shareholders totaling $1.7 billion, including $1.2 billion in dividends and $500 million in share repurchases. The capital budget for 2025 was reduced by $100 million to $6.05 billion without impacting planned activities or production targets. Operating cost efficiencies were achieved across various assets, notably with a 14% improvement in drilling and completions costs for Duvernay wells. The company's debt-to-EBITDA ratio stood at one time, and liquidity remained strong at $5.1 billion. The Board approved a 4% dividend increase, marking the 25th consecutive year of dividend growth.Record Quarterly Production
Achieved record quarterly production of approximately 1.582 million BOEs per day, including a record quarterly liquids production of 1.174 million barrels per day and record natural gas production of 2.451 BCF per day.
Strong Oil Sands Performance
World-class oil sands mining and upgrading asset achieved record quarterly SCO production of approximately 595,000 barrels per day, a 34% increase compared to the first quarter of 2024.
Cost Efficiency Achievements
Industry-leading SCO operating costs of $21.88 per barrel, significantly lower than the peer average, resulting in an incremental annual margin of $1.2 billion to $1.7 billion.
Financial Strength and Shareholder Returns
Adjusted fund flow of approximately $4.5 billion and adjusted net earnings of $2.4 billion. Returns to shareholders were $1.7 billion, including $1.2 billion of dividends and $500 million of share repurchases.
Dividend Increase
Board approved a 4% increase to the quarterly dividend, marking the 25th consecutive year of dividend increases.
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TSE:CNQ Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:CNQ Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 08, 2025 | C$39.82 | C$41.82 | +5.02% |
Mar 06, 2025 | C$38.88 | C$39.42 | +1.37% |
Oct 31, 2024 | C$46.28 | C$46.13 | -0.32% |
Aug 01, 2024 | C$47.20 | C$46.68 | -1.10% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Canadian Natural (TSE:CNQ) report earnings?
Canadian Natural (TSE:CNQ) is schdueled to report earning on Jul 31, 2025, TBA Not Confirmed.
What is Canadian Natural (TSE:CNQ) earnings time?
Canadian Natural (TSE:CNQ) earnings time is at Jul 31, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:CNQ EPS forecast?
TSE:CNQ EPS forecast for the fiscal quarter 2025 (Q2) is 0.69.
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