Canadian (CNQ) Q4 Earnings Rise Y/Y, Sales Beat Estimates

Canadian Natural Resources Limited (CNQ) reported fourth-quarter net earnings per share (EPS) of C$2.41, up from the prior-year quarter's level of C$1.36. This outperformance can be mainly attributed to higher production and decreased year-over-year expenses during the quarter.Total revenues of $7 billion declined from$7.1 billion in the year-ago period due to a reduction in product sales from crude oil and NGLs and natural gas. However, the figure beat the Zacks Consensus Estimate of $6.7 billion.CNQ’s bo ...