Core Viewpoint - Canadian Natural Resources (CNQ) is expected to report quarterly earnings of $0.69 per share, reflecting a 19.8% decline year-over-year, with revenues forecasted at $6.39 billion, down 8.9% from the previous year [1]. Earnings Estimates - The consensus EPS estimate has been revised 1.5% higher in the last 30 days, indicating a collective reevaluation by analysts [2]. - Revisions to earnings projections are crucial for predicting investor behavior and are linked to short-term stock price performance [3]. Production Metrics - Total average daily production is estimated to reach 1,436,480 BOE/D, up from 1,419,313 BOE/D year-over-year [5]. - Primary Heavy Oil production is projected at 81.86 thousand barrels per day, compared to 80.1 thousand barrels per day last year [5]. - Thermal In Situ Oil production is expected to be 281.07 thousand barrels per day, an increase from 278.42 thousand barrels per day year-over-year [6]. - Oil Sands Mining and Upgrading production is forecasted at 507.12 thousand barrels per day, up from 500.13 thousand barrels per day [6]. - Pelican Lake Oil production is estimated at 45.71 thousand barrels per day, slightly down from 46.05 thousand barrels per day last year [7]. - North Sea Oil production is expected to be 11.98 thousand barrels per day, down from 12.62 thousand barrels per day [7]. - Offshore Africa Oil production is projected at 13.55 thousand barrels per day, up from 13.21 thousand barrels per day [8]. - Average daily production of Oil & liquids is estimated at 1,064,114 BBL/D, compared to 1,047,541 BBL/D last year [8]. - Natural gas average daily production is expected to reach 2,225.38 million cubic feet, slightly down from 2,231 million cubic feet year-over-year [9]. - North America Natural Gas production is forecasted at 2,214.17 Mcf/D, down from 2,218 Mcf/D last year [9]. - Offshore Africa Natural Gas production is estimated at 9.75 Mcf/D, down from 11 Mcf/D year-over-year [10]. - Light Crude Oil production is projected at 52.08 thousand barrels per day, up from 48.12 thousand barrels per day last year [10]. Stock Performance - Shares of Canadian Natural Resources have decreased by 11% over the past month, compared to a -2.3% change in the Zacks S&P 500 composite [11]. - The company holds a Zacks Rank of 3 (Hold), indicating it is expected to perform in line with the overall market in the near future [11].

Core Viewpoint - Canadian Natural Resources Limited (CNQ) is expected to report fourth-quarter results on March 6, with earnings estimated at 69 cents per share and revenues of $6.39 billion [1]. Group 1: Previous Quarter Performance - In the last reported quarter, CNQ achieved adjusted earnings per share of 71 cents, exceeding the Zacks Consensus Estimate of 69 cents, with total revenues of $6.5 billion, surpassing estimates by 1.9% [3]. - CNQ has beaten the Zacks Consensus Estimate three times in the last four quarters, with an average surprise of 3.87% [3]. Group 2: Fourth Quarter Estimates - The Zacks Consensus Estimate for fourth-quarter earnings indicates a 19.77% year-over-year decrease, while revenues are expected to decline by 8.92% compared to the previous year [4]. - Revenues are projected to decrease to $6,247.5 million from $7,018 million in the same quarter last year, primarily due to poor performance in the Exploration and Production segments [6]. Group 3: Revenue Breakdown - North America's revenues are anticipated to decline by 15.7% year-over-year, totaling C$3,735.5 million, while North Sea revenues are expected to decrease by 16.2% to C$138.2 million [7]. - Oil Sands Mining and Upgrading's revenues are projected to decrease by 7.3% year-over-year, amounting to C$4,190.9 million [7]. Group 4: Cost Management - CNQ's cost-reduction initiatives are expected to positively impact its bottom line, with total expenses projected to reach C$6,386.5 million, a 3.2% decrease from C$6,595 million in the previous year [8]. - Total depletion, depreciation, and amortization expenses are forecasted to decrease significantly to C$1,382.6 million, representing a 32.3% drop [9].

Group 1 - The article promotes iREIT on Alpha as a source for in-depth research on various income alternatives including REITs, mREITs, Preferreds, BDCs, MLPs, and ETFs [1] - It highlights the importance of considering "big picture" developments such as economic trends and geopolitical factors that may impact investment portfolios [1] Group 2 - There is a mention of analyst disclosures regarding beneficial long positions in specific companies, indicating a vested interest in the stocks of CNQ, TPL, and LB [2] - The article clarifies that it expresses the author's own opinions and does not involve compensation from the companies mentioned [2] Group 3 - Seeking Alpha emphasizes that past performance does not guarantee future results and that no specific investment recommendations are provided [3] - It notes that the views expressed may not reflect those of Seeking Alpha as a whole, highlighting the diversity of opinions among its analysts [3]

Core Viewpoint - The market anticipates a year-over-year decline in earnings for Canadian Natural Resources (CNQ) due to lower revenues, with a focus on how actual results compare to estimates impacting stock price [1][2]. Earnings Expectations - Canadian Natural Resources is expected to report quarterly earnings of $0.69 per share, reflecting a year-over-year decrease of 19.8% [3]. - Revenues are projected to be $6.39 billion, down 8.9% from the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has been revised 1.47% higher in the last 30 days, indicating a reassessment by analysts [4]. - The Most Accurate Estimate for Canadian Natural Resources is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -7.25% [10][11]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive or negative reading indicates the likely deviation of actual earnings from the consensus estimate, with a strong predictive power for positive readings [6][7]. - A positive Earnings ESP combined with a Zacks Rank of 1, 2, or 3 significantly increases the likelihood of an earnings beat [8]. Historical Performance - In the last reported quarter, Canadian Natural Resources exceeded the expected earnings of $0.67 per share, achieving $0.71, resulting in a surprise of +5.97% [12]. - Over the past four quarters, the company has beaten consensus EPS estimates three times [13]. Industry Comparison - Tourmaline Oil Corp. is expected to report earnings of $0.83 per share for the same quarter, indicating a year-over-year decline of 43.5% [17]. - Tourmaline Oil Corp. has an Earnings ESP of 6.45%, suggesting a likelihood of beating the consensus EPS estimate, despite not beating estimates in the last four quarters [18].

Company Overview - Canadian Natural Resources Limited (CNQ) is experiencing significant attention from investors due to high implied volatility in its options market, particularly the Mar 21, 2025 $22.50 Call option [1] - The company currently holds a Zacks Rank 3 (Hold) in the Oil and Gas - Exploration and Production - Canadian industry, which is positioned in the top 35% of the Zacks Industry Rank [3] Analyst Insights - Over the past 60 days, three analysts have raised their earnings estimates for Canadian Natural Resources for the current quarter, increasing the Zacks Consensus Estimate from earnings of 63 cents per share to 68 cents [3] Market Sentiment - The high implied volatility suggests that options traders are anticipating a significant price movement for Canadian Natural Resources shares, indicating potential upcoming events that could lead to a major rally or sell-off [2][4] - Options traders often seek to capitalize on high implied volatility by selling premium, aiming for the underlying stock to not move as much as initially expected at expiration [4]

When evaluating individual companies as possible investments, there's a lot to pay attention to, and sometimes it's easy to forget first principles. When considering common equity as an asset class, one of the most important first principles to consider is thatI am a current CFA candidate with a background in secondary education. As a retail investor primarily focused on US equity research, I value dividend growers and earnings compounders showing growth at a reasonable price. With a specific focus on valua ...

Calgary, Alberta--(Newsfile Corp. - January 29, 2025) - Canadian Natural Resources Limited (TSX: CNQ) (NYSE: CNQ) ("Canadian Natural" or the "Company") announces that pursuant to a 2017 agreement with Shell Canada Limited and affiliates ("Shell") and as a result of certain conditions being met, Canadian Natural and Shell are transacting an asset swap related to the Athabasca Oil Sands Project ("AOSP"). Effectively, Canadian Natural will swap 10% of its working interest in the Scotford Upgrader and Quest Ca ...

Retirement is complicated and you only get once chance to do it right. Don't miss out because you didn't know what was out there.The Retirement Forum provides actionable ideals, a high-yield safe retirement portfolio, and macroeconomic outlooks, all to help you maximize your capital and your income. We search the entire market to help you maximize returns.Canadian Natural Resources (NYSE: CNQ ) is a Canadian oil and gas company with an almost $70 billion market capitalization. The company's substantial size ...

The primary goal of the Cash Flow Kingdom Income Portfolio is to produce an overall yield in the 7% - 10% range. We accomplish this by combining several different income streams to form an attractive, steady portfolio payout. The portfolio's price can fluctuate, but the income stream remains consistent. Start your free two-week trial today!Between M&A and organic growth investments, Canadian Natural Resources Limited (NYSE: CNQ ) (TSX: CNQ:CA ) will deliver a double-digit increase in production this year. F ...

Canadian Natural Resources Limited (CNQ) recently announced its 2025 budget, highlighting its competitive advantage driven by its diversified asset base and flexible capital allocation strategy. The company’s capital allocation strategy is based on high-return projects that deliver maximum shareholder value. With a C$6 billion operating capital budget, the company targets strong returns on capital.The production volume for 2025 is targeted between 1,510 MBOE/d (thousand barrels of oil equivalent per day) an ...