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Canadian Natural to Report Q4 Earnings: What's in the Offing?
CNQCanadian Natural Resources(CNQ) ZACKS·2025-03-04 12:31

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 6.39billion[1].Group1:PreviousQuarterPerformance−Inthelastreportedquarter,CNQachievedadjustedearningspershareof71cents,exceedingtheZacksConsensusEstimateof69cents,withtotalrevenuesof6.39 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 6,247.5millionfrom6,247.5 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 C3,735.5million,whileNorthSearevenuesareexpectedtodecreaseby16.23,735.5 million, while North Sea revenues are expected to decrease by 16.2% to C138.2 million [7]. - Oil Sands Mining and Upgrading's revenues are projected to decrease by 7.3% year-over-year, amounting to C4,190.9million[7].Group4:CostManagement−CNQ′scost−reductioninitiativesareexpectedtopositivelyimpactitsbottomline,withtotalexpensesprojectedtoreachC4,190.9 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 C6,386.5 million, a 3.2% decrease from C6,595millioninthepreviousyear[8].−Totaldepletion,depreciation,andamortizationexpensesareforecastedtodecreasesignificantlytoC6,595 million in the previous year [8]. - Total depletion, depreciation, and amortization expenses are forecasted to decrease significantly to C1,382.6 million, representing a 32.3% drop [9].