Canadian Natural's (CNQ) Q1 Earnings Fall Y/Y, Sales Beat

Canadian Natural Resources Limited (CNQ) reported first-quarter 2024 net earnings per share (EPS) of C$0.91, down from the prior-year quarter level of C$1.62. This underperformance can be mainly attributed to low commodity prices and higher year-over-year expenses during the quarter.Total revenues of $6.1 billion declined from$6.4 billion in the year-ago period due to a reduction in product sales. However, the figure beat the Zacks Consensus Estimate of $6 billion.CNQ’s board of directors announced a quart ...