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Canadian Natural (CNQ)
NYSE:CNQ
Earnings Data
Report Date
May 01, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.69Last Year’s EPS
0.47Same Quarter Last Year
Moderate Buy
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 06, 2025
|% Change Since: 12.08%
|Next Earnings Date:May 01, 2025
Earnings Call Sentiment|Positive
The earnings call highlights Canadian Natural's record production levels, strong financial performance, substantial dividend increases, and successful acquisitions. However, challenges such as the stagnation in natural gas production and deferred activities due to lower prices were noted. The positive achievements significantly outweigh the lowlights.Company Guidance
During Canadian Natural's 2024 Fourth Quarter and Year-End Earnings Conference Call, several key metrics and achievements were highlighted. The company reported a record annual total production of approximately 1.36 million barrels of oil equivalent (BOE) per day, including over 1 million barrels per day of liquids. They achieved a record annual oil sands mining and upgrading production of 472,245 barrels per day, with a record quarterly production of 534,631 barrels per day. Operating costs for oil sands mining and upgrading averaged $22.88 per barrel in 2024, decreasing to $20.97 per barrel in Q4. Thermal in-situ operations saw a record production of over 271,000 barrels per day, with operating costs down 16% to $11.04 per barrel compared to 2023. The company completed strategic acquisitions, including Chevron's assets in the Duvernay, contributing to a 9% increase in proved and proved plus probable reserves. Financially, Canadian Natural achieved an annual adjusted funds flow of $14.9 billion and returned approximately $7.1 billion to shareholders, including dividends and share repurchases. The company's debt-to-EBITDA ratio was 1.1x, and liquidity stood at $4.7 billion at the end of the quarter.Record Annual Production
Canadian Natural achieved record annual total production of approximately 1.36 million BOEs per day, including record liquids production of over 1 million barrels per day.
Operational Cost Reduction
Oil sands mining and upgraded operating costs averaged $22.88 per barrel in 2024, a reduction from previous levels.
Strong Financial Performance
Annual adjusted funds flow of $14.9 billion with $4.2 billion in Q4 2024. Returned approximately $7.1 billion to shareholders in 2024.
Significant Dividend Increases
Increased annualized quarterly dividend by 59% to $2.25 per share from $1.42 per share, with a subsequent 4% increase.
Successful Acquisitions
Acquired Chevron's 70% operator working interest in Duvernay, adding approximately 60,000 BOEs per day in 2025.
Robust Reserve Replacement
Replaced 2024 production by 365% on a total proved basis and 422% on a total proved plus probable basis.
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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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CNQ Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 06, 2025 | $27.06 | $27.59 | +1.96% |
| Oct 31, 2024 | $33.31 | $33.15 | -0.48% |
| Aug 01, 2024 | $34.16 | $33.66 | -1.46% |
| May 02, 2024 | $35.68 | $35.63 | -0.14% |
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 (CNQ) report earnings?
Canadian Natural (CNQ) is schdueled to report earning on May 01, 2025, TBA Not Confirmed.
What is Canadian Natural (CNQ) earnings time?
Canadian Natural (CNQ) earnings time is at May 01, 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 CNQ EPS forecast?
CNQ EPS forecast for the fiscal quarter 2025 (Q1) is 0.69.
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