CNQ Stock - Canadian Natural Resources Limited
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $35.66B | $40.84B | $49.53B | $32.85B | $17.49B |
| Gross Profit | $17.58B | $11.77B | $16.26B | $10.58B | $69.00M |
| Gross Margin | 49.3% | 28.8% | 32.8% | 32.2% | 0.4% |
| Operating Income | $16.80B | $10.46B | $14.76B | $9.51B | N/A |
| Net Income | $6.11B | $8.23B | $10.94B | $7.66B | $-435,000,000 |
| Net Margin | 17.1% | 20.2% | 22.1% | 23.3% | -2.5% |
| EPS | $2.87 | $3.74 | $4.82 | $3.24 | $-0.18 |
Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids (NGLs). The company offers synthetic crude oil (SCO), light and medium crude oil, bitumen (thermal oil), primary heavy crude oil, and Pelican Lake heavy crude oil. Its midstream and refining assets include two crude oil pipeline systems; and a 50% working interest in an 84-megawatt cogeneration plant at Primrose. As of December 31, 2020, the company had total proved crude oil, bitumen, and NGLs reserves were 10,528 million barrels (MMbbl); total proved plus probable crude oil, bitumen, and NGLs reserves were 13,271 MMbbl; proved SCO reserves were 6,998 MMbbl; total proved plus probable SCO reserves were 7,535 MMbbl; proved natural gas reserves were 12,168 billion cubic feet (Bcf); and total proved plus probable natural gas reserves were 20,249 Bcf. It operates primarily in Western Canada; the United Kingdom portion of the North Sea; and Offshore Africa. The company was formerly known as AEX Minerals Corporation and changed its name to Canadian Natural Resources Limited in December 1975. Canadian Natural Resources Limited was incorporated in 1973 and is headquartered in Calgary, Canada.
Visit WebsiteRating Distribution
Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| April 9th 2025 | Raymond James | Upgrade | Outperform | - |
| March 19th 2025 | Scotiabank | Upgrade | Sector Outperform | - |
| March 7th 2025 | Evercore ISI | Upgrade | Outperform | - |
| July 18th 2024 | Wolfe Research | Resumed | Peer Perform | - |
| April 23rd 2024 | Desjardins | Downgrade | Hold | - |
| July 12th 2023 | UBS | Initiation | Buy | - |
| January 13th 2023 | Stifel | Resumed | Buy | - |
| November 21st 2022 | Goldman | Upgrade | Buy | $69← $62 |
| October 19th 2022 | Jefferies | Initiation | Hold | - |
| August 11th 2022 | Credit Suisse | Resumed | Neutral | - |
| July 19th 2022 | BofA Securities | Upgrade | Buy | $100 |
| June 8th 2022 | Scotiabank | Downgrade | Sector Perform | - |
Earnings History & Surprises
CNQEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | May 6, 2026 | — | — | — | — |
Q1 2026 | Mar 5, 2026 | $0.57 | — | — | — |
Q4 2025 | Nov 6, 2025 | $0.54 | $0.62 | +14.8% | ✓ BEAT |
Q3 2025 | Aug 7, 2025 | $0.44 | $0.51 | +15.9% | ✓ BEAT |
Q2 2025 | May 8, 2025 | $0.73 | $0.81 | +11.0% | ✓ BEAT |
Q1 2025 | Mar 6, 2025 | $0.69 | $0.66 | -4.3% | ✗ MISS |
Q4 2024 | Oct 31, 2024 | $0.67 | $0.71 | +6.0% | ✓ BEAT |
Q3 2024 | Jul 31, 2024 | $0.62 | $0.64 | +3.2% | ✓ BEAT |
Q2 2024 | May 2, 2024 | $0.52 | $0.51 | -1.9% | ✗ MISS |
Q1 2024 | Feb 29, 2024 | $0.80 | $0.86 | +7.5% | ✓ BEAT |
Q4 2023 | Nov 2, 2023 | $0.81 | $0.96 | +18.5% | ✓ BEAT |
Q3 2023 | Aug 3, 2023 | $0.44 | $0.43 | -2.3% | ✗ MISS |
Q2 2023 | May 4, 2023 | $0.60 | $0.63 | +5.0% | ✓ BEAT |
Q1 2023 | Mar 2, 2023 | $0.81 | $0.72 | -11.1% | ✗ MISS |
Q4 2022 | Nov 3, 2022 | $1.05 | $1.19 | +13.3% | ✓ BEAT |
Q3 2022 | Aug 4, 2022 | $1.04 | $1.28 | +23.1% | ✓ BEAT |
Q2 2022 | May 5, 2022 | $0.97 | $1.13 | +16.5% | ✓ BEAT |
Q1 2022 | Mar 3, 2022 | $0.83 | $0.88 | +6.0% | ✓ BEAT |
Q4 2021 | Nov 4, 2021 | $0.60 | $0.70 | +16.7% | ✓ BEAT |
Q3 2021 | Aug 5, 2021 | $0.38 | $0.50 | +31.6% | ✓ BEAT |
Latest News
Canadian Natural Resources Announces 2026 Operating Capital Budget Of $6.3B, Targets 1.59–1.65 MMBOE/D Production With ~3% Growth And $175M FEED Spending
📈 PositiveReported Earlier, Canadian Natural Resources Prices C$1.65B Medium-Term Notes Offering; Issues 3, 5 And 10 Year Notes With 3.30%, 3.75% And 4.55% Coupons
➖ NeutralCanadian Natural Res Q3 Adj. EPS $0.63 Beats $0.54 Estimate, Sales $6.912B Beat $6.660B Estimate
📈 PositiveCanadian Natural Targets 15% Production Growth in 2025, Keeps $5.9 Billion Operating Capital Plan Steady
📈 PositiveRBC Capital Reiterates Outperform on Canadian Natural Res, Maintains $62 Price Target
📈 PositiveShares of energy stocks are trading higher amid overall market strength after Fed Chair Powell said restrictive policy and shifting risks may warrant adjusting the Fed's stance.
📈 PositiveFrequently Asked Questions about CNQ
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