View ValuationCanadian Natural Resources 향후 성장Future 기준 점검 0/6Canadian Natural Resources 의 수익과 수익은 각각 연간 3.4% 및 8.2% 감소할 것으로 예상됩니다. EPS는 연간 4.5% 만큼 쇠퇴할 것으로 예상됩니다. 자기자본이익률은 3년 후 18.8% 로 예상됩니다.핵심 정보-8.2%이익 성장률-4.48%EPS 성장률Oil and Gas 이익 성장3.8%매출 성장률-3.4%향후 자기자본이익률18.80%애널리스트 커버리지Good마지막 업데이트12 Aug 2026최근 향후 성장 업데이트공고 • Aug 07Canadian Natural Resources Limited Revises Production Guidance for the Year 2026Canadian Natural Resources Limited revised production guidance for the year 2026. For the year, the company now expects Natural Gas production of 2,595 MMcf/d - 2,635 MMcf/d compared to previous guidance of 2,560 MMcf/d - 2,615 MMcf/d, Total Liquids of 1,204 Mbbl/d - 1,243 Mbbl/d compared to previous guidance of 1,188 Mbbl/d - 1,229 Mbbl/d and Total production of 1,637 MBOE/d - 1,682 MBOE/d compared to previous guidance of 1,615 MBOE/d - 1,665 MBOE/d.공고 • Nov 04Canadian Natural Resources Limited Updates Production Guidance for the Year 2025Canadian Natural Resources Limited updated production guidance for the year 2025. For the year, the company expects to update 2025 production guidance with the addition of the 31,000 bbl/d from the swap transaction, included effective November 1, 2025, which results in current production volumes of approximately 1,670 MBOE/d. Annual 2025 production guidance is now targeted to be between 1,560 MBOE/d and 1,580 MBOE/d and represents production growth in 2025 of approximately 207 MBOE/d or 15% over 2024 production levels, based on the mid-point of the updated guidance.공고 • Jan 10Canadian Natural Resources Limited Provides Production Guidance for the Year 2025Canadian Natural Resources Limited provided production guidance for the year 2025. For the period, the company's production guidance range is approximately 1.510 million to 1.555 million BOEs per day with a breakdown of 2.425 to 2.480 Bcf per day of natural gas and total liquids of 1.106 to 1.142 million barrels per day. This represents growth of approximately 170,000 BOEs per day or 12% from the 2024 based on midpoint of guidance.모든 업데이트 보기Recent updatesDeclared Dividend • Aug 09Second quarter dividend of CA$0.63 announcedShareholders will receive a dividend of CA$0.63. Ex-date: 11th September 2026 Payment date: 2nd October 2026 Dividend yield will be 4.3%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (43% earnings payout ratio) and cash flows (53% cash payout ratio). The dividend has increased by an average of 18% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 13% over the next 3 years. However, it would need to fall by 52% to increase the payout ratio to a potentially unsustainable range.공고 • Aug 07Canadian Natural Resources Limited Revises Production Guidance for the Year 2026Canadian Natural Resources Limited revised production guidance for the year 2026. For the year, the company now expects Natural Gas production of 2,595 MMcf/d - 2,635 MMcf/d compared to previous guidance of 2,560 MMcf/d - 2,615 MMcf/d, Total Liquids of 1,204 Mbbl/d - 1,243 Mbbl/d compared to previous guidance of 1,188 Mbbl/d - 1,229 Mbbl/d and Total production of 1,637 MBOE/d - 1,682 MBOE/d compared to previous guidance of 1,615 MBOE/d - 1,665 MBOE/d.Reported Earnings • Aug 07Second quarter 2026 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2026 results: EPS: CA$2.17 (up from CA$1.18 in 2Q 2025). Revenue: CA$14.7b (up 70% from 2Q 2025). Net income: CA$4.50b (up 83% from 2Q 2025). Profit margin: 31% (up from 28% in 2Q 2025). Revenue exceeded analyst estimates by 9.9%. Earnings per share (EPS) also surpassed analyst estimates by 5.8%. Revenue is expected to decline by 3.1% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in the US are expected to grow by 1.4%. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 14% per year.공고 • Aug 07Canadian Natural Resources Limited Declares Quarterly Cash Dividend, Payable on October 2, 2026Canadian Natural Resources Limited announced that its Board of Directors has declared a quarterly cash dividend on its common shares of CAD 0.625. The dividend will be payable on October 2, 2026 to shareholders of record at the close of business on September 11, 2026.Seeking Alpha • Jul 13Canadian Natural Resources: A Dividend Machine In A Volatile Oil MarketSummary Canadian Natural Resources is positioned as an attractive vehicle for investors seeking exposure to rising global energy demand. CNQ benefits from a robust asset base, efficient operations, and a track record of capital discipline, supporting its long-term value proposition. The company's integrated approach and strong balance sheet enhance resilience amid volatile commodity cycles. I see CNQ as a compelling pick for capturing upside in an environment of increasing energy consumption. Read the full article on Seeking AlphaDeclared Dividend • Jun 21First quarter dividend of CA$0.63 announcedShareholders will receive a dividend of CA$0.63. Ex-date: 23rd June 2026 Payment date: 7th July 2026 Dividend yield will be 4.7%, which is higher than the industry average of 4.5%. Sustainability & Growth Dividend is covered by both earnings (51% earnings payout ratio) and cash flows (81% cash payout ratio). The dividend has increased by an average of 18% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 4.6% over the next 3 years. However, it would need to fall by 43% to increase the payout ratio to a potentially unsustainable range.Upcoming Dividend • Jun 11Upcoming dividend of CA$0.63 per shareEligible shareholders must have bought the stock before 18 June 2026. Payment date: 07 July 2026. Payout ratio is a comfortable 51% and the cash payout ratio is 81%. Trailing yield: 3.9%. Lower than top quartile of American dividend payers (4.2%). Higher than average of industry peers (3.3%).공고 • Jun 10Canadian Natural Resources Limited to Report Q2, 2026 Results on Aug 06, 2026Canadian Natural Resources Limited announced that they will report Q2, 2026 results on Aug 06, 2026Reported Earnings • May 11First quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2026 results: EPS: CA$0.65 (down from CA$1.17 in 1Q 2025). Revenue: CA$10.8b (down 1.2% from 1Q 2025). Net income: CA$1.35b (down 45% from 1Q 2025). Profit margin: 13% (down from 23% in 1Q 2025). Revenue exceeded analyst estimates by 6.3%. Earnings per share (EPS) missed analyst estimates by 41%. Revenue is forecast to stay flat during the next 3 years compared to a 3.5% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth.Recent Insider Transactions • Mar 29Independent Lead Director recently sold US$1.2m worth of stockOn the 24th of March, Gordon Giffin sold around 25k shares on-market at roughly US$49.83 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$24m. Insiders have been net sellers, collectively disposing of US$29m more than they bought in the last 12 months.공고 • Mar 27Canadian Natural Resources Limited to Report Q1, 2026 Results on May 07, 2026Canadian Natural Resources Limited announced that they will report Q1, 2026 results Pre-Market on May 07, 2026Recent Insider Transactions • Mar 16Executive Chairman recently sold US$24m worth of stockOn the 13th of March, Norman Edwards sold around 500k shares on-market at roughly US$48.18 per share. This transaction amounted to 1.2% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Norman's only on-market trade for the last 12 months.Declared Dividend • Mar 08Fourth quarter dividend of CA$0.63 announcedShareholders will receive a dividend of CA$0.63. Ex-date: 20th March 2026 Payment date: 7th April 2026 Dividend yield will be 4.1%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is covered by both earnings (45% earnings payout ratio) and cash flows (63% cash payout ratio). The dividend has increased by an average of 18% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 22% over the next 3 years. However, it would need to fall by 50% to increase the payout ratio to a potentially unsustainable range.New Risk • Mar 06New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 8.0% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 8.0% per year for the foreseeable future. Minor Risks Large one-off items impacting financial results. Significant insider selling over the past 3 months (US$2.1m sold).공고 • Feb 24Canadian Natural Resources Limited, Annual General Meeting, May 07, 2026Canadian Natural Resources Limited, Annual General Meeting, May 07, 2026. Location: alberta, calgary Canada공고 • Feb 06Canadian Natural Resources Limited to Report Q4, 2025 Results on Mar 05, 2026Canadian Natural Resources Limited announced that they will report Q4, 2025 results on Mar 05, 2026Recent Insider Transactions • Feb 02Insider recently sold US$757k worth of stockOn the 29th of January, Troy J. Andersen sold around 20k shares on-market at roughly US$37.83 per share. This transaction amounted to 24% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$3.2m more than they bought in the last 12 months.New Risk • Jan 30New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: US$1.6m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Minor Risks High level of debt (42% net debt to equity). Significant insider selling over the past 3 months (US$1.6m sold).공고 • Jan 14Canadian Natural Resources Reportedly Set to Acquire Tourmaline’s Natural Gas BusinessCanadian Natural Resources Limited (TSX:CNQ) is poised to purchase a $1-billion-plus portfolio of Alberta natural gas properties from Tourmaline Oil Corp. (TSX:TOU). Canadian Natural filed the paperwork for federal Competition Bureau approval of a transaction with Tourmaline on Dec. 30, according to a recent notification published by the bureau. However, the regulator and the Calgary-based companies did not disclose details of the potential deal. Canadian Natural is in talks to acquire a natural gas business in Alberta’s Peace River region that Tourmaline put up for sale in November, according to two sources familiar with the negotiations. The Globe is not naming the sources because they are not authorized to speak publicly about the talks. Last year, analysts estimated the portfolio could fetch up to $1.4-billion. Canadian Natural also owns gas wells and energy infrastructure in the area. Tourmaline’s Peace River operations include 2,428 horizontal wells, 34 gas plants and 15,500 kilometres of pipelines. Canadian Natural is seeking preliminary regulatory feedback on a potential acquisition of the Tourmaline assets prior to announcing a purchase, the sources said. Tourmaline said it would not comment on the sale process of its Peace River assets before its first-quarter report, which is slated for March 4. Canadian Natural also declined to comment on the regulatory filing. The application to the federal competition watchdog suggests that the scale of Canadian Natural’s potential acquisition requires regulatory approval, a relatively common development when companies in mature sectors such as energy buy businesses from peers. Tourmaline’s sale of its Peace River assets is expected to lower its operational expenses this year by roughly 7%, ATB Financial said in its 2026 oil and gas outlook.Upcoming Dividend • Dec 05Upcoming dividend of CA$0.59 per shareEligible shareholders must have bought the stock before 12 December 2025. Payment date: 06 January 2026. Payout ratio is a comfortable 73% and this is well supported by cash flows. Trailing yield: 4.9%. Within top quartile of American dividend payers (4.4%). Higher than average of industry peers (4.0%).Declared Dividend • Nov 09Third quarter dividend of CA$0.59 announcedShareholders will receive a dividend of CA$0.59. Ex-date: 12th December 2025 Payment date: 6th January 2026 Dividend yield will be 5.9%, which is higher than the industry average of 4.5%. Sustainability & Growth Dividend is covered by both earnings (67% earnings payout ratio) and cash flows (60% cash payout ratio). The dividend has increased by an average of 18% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 15% over the next 3 years, which should provide support to the dividend and adequate earnings cover.공고 • Nov 08Canadian Natural Resources Limited Declares Quarterly Cash Dividend, Payable on January 6, 2026Canadian Natural Resources Limited announced that its Board of Directors has declared a quarterly cash dividend on its common shares of CAD 0.5875 per share. The dividend will be payable on January 6, 2026 to shareholders of record at the close of business on December 12, 2025.Reported Earnings • Nov 07Third quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2025 results: EPS: CA$0.29 (down from CA$1.07 in 3Q 2024). Revenue: CA$9.52b (up 7.0% from 3Q 2024). Net income: CA$600.0m (down 74% from 3Q 2024). Profit margin: 6.3% (down from 26% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) missed analyst estimates by 63%. Revenue is expected to decline by 1.1% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in the US are expected to grow by 3.1%. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.공고 • Nov 04Canadian Natural Resources Limited Updates Production Guidance for the Year 2025Canadian Natural Resources Limited updated production guidance for the year 2025. For the year, the company expects to update 2025 production guidance with the addition of the 31,000 bbl/d from the swap transaction, included effective November 1, 2025, which results in current production volumes of approximately 1,670 MBOE/d. Annual 2025 production guidance is now targeted to be between 1,560 MBOE/d and 1,580 MBOE/d and represents production growth in 2025 of approximately 207 MBOE/d or 15% over 2024 production levels, based on the mid-point of the updated guidance.New Risk • Oct 08New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.4% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.4% per year for the foreseeable future. Minor Risk High level of debt (41% net debt to equity).공고 • Oct 03Canadian Natural Resources Limited to Report Q3, 2025 Results on Nov 06, 2025Canadian Natural Resources Limited announced that they will report Q3, 2025 results on Nov 06, 2025Upcoming Dividend • Sep 12Upcoming dividend of CA$0.59 per shareEligible shareholders must have bought the stock before 19 September 2025. Payment date: 03 October 2025. Payout ratio is a comfortable 71% and this is well supported by cash flows. Trailing yield: 5.4%. Within top quartile of American dividend payers (4.4%). Higher than average of industry peers (4.0%).New Risk • Aug 15New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 41% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.9% per year for the foreseeable future. Minor Risk High level of debt (41% net debt to equity).Declared Dividend • Aug 10Second quarter dividend of CA$0.59 announcedShareholders will receive a dividend of CA$0.59. Ex-date: 19th September 2025 Payment date: 3rd October 2025 Dividend yield will be 6.0%, which is higher than the industry average of 4.5%. Sustainability & Growth Dividend is covered by both earnings (71% earnings payout ratio) and cash flows (62% cash payout ratio). The dividend has increased by an average of 18% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 2.4% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Aug 08Second quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2025 results: EPS: CA$1.17 (up from CA$0.80 in 2Q 2024). Revenue: CA$8.70b (down 3.9% from 2Q 2024). Net income: CA$2.46b (up 43% from 2Q 2024). Profit margin: 28% (up from 19% in 2Q 2024). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) exceeded analyst estimates by 81%. Revenue is forecast to stay flat during the next 3 years compared to a 3.5% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.공고 • Aug 08Canadian Natural Resources Limited to Report Q2, 2025 Results on Aug 07, 2025Canadian Natural Resources Limited announced that they will report Q2, 2025 results Pre-Market on Aug 07, 2025New Risk • Aug 07New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 4.7% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 4.7% per year for the foreseeable future. Minor Risk High level of debt (43% net debt to equity).Upcoming Dividend • Jun 06Upcoming dividend of CA$0.59 per shareEligible shareholders must have bought the stock before 13 June 2025. Payment date: 03 July 2025. Payout ratio is a comfortable 61% and this is well supported by cash flows. Trailing yield: 5.4%. Within top quartile of American dividend payers (4.8%). Higher than average of industry peers (4.2%).Declared Dividend • May 11First quarter dividend of CA$0.59 announcedShareholders will receive a dividend of CA$0.59. Ex-date: 13th June 2025 Payment date: 3rd July 2025 Dividend yield will be 5.8%, which is higher than the industry average of 4.5%. Sustainability & Growth Dividend is covered by both earnings (60% earnings payout ratio) and cash flows (53% cash payout ratio). The dividend has increased by an average of 18% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 9.6% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • May 09First quarter 2025 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2025 results: EPS: CA$1.17 (up from CA$0.46 in 1Q 2024). Revenue: CA$10.9b (up 33% from 1Q 2024). Net income: CA$2.46b (up 149% from 1Q 2024). Profit margin: 23% (up from 12% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 7.3%. Earnings per share (EPS) also surpassed analyst estimates by 6.2%. Revenue is forecast to stay flat during the next 3 years compared to a 3.7% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has remained flat, which means it is well ahead of earnings.공고 • May 09Canadian Natural Resources Limited Declares Quarterly Cash Dividend, Payable on July 3, 2025Canadian Natural Resources Limited declared a quarterly cash dividend on its common shares of CAD 0.5875 per common share. The quarterly dividend will be payable on July 3, 2025 to shareholders of record at the close of business on June 13, 2025.Seeking Alpha • Apr 28Canadian Natural Resource: With 33 Years Of Reserves And Output Expansion, Is The Company Undervalued?Summary The company has proven reserves for 33 years. Consequently, CNQ will save financial resources in business acquisitions for several years. CNQ expects to increase its oil and gas production by 12.44% in 2025, indicating that the company will expand its operations. The conservative DCF model suggests that the company is overvalued by 19.92%, while the neutral DCF model indicates that CNQ experienced an undervaluation of 31.97%. In the last four years, CNQ paid, on average, a 4.56% dividend yield. Read the full article on Seeking AlphaValuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to US$25.14, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 9x in the Oil and Gas industry in the US. Total loss to shareholders of 8.5% over the past three years.공고 • Apr 07Canadian Natural Resources Limited to Report Q1, 2025 Results on May 08, 2025Canadian Natural Resources Limited announced that they will report Q1, 2025 results Pre-Market on May 08, 2025Seeking Alpha • Mar 26Canadian Natural Resources Stands Out In A Trade WarSummary Canadian Natural Resources has been impacted by trade war concerns and weak prices but reported strong 4Q earnings, indicating potential for high shareholder returns. The company's robust reserves and financial results support a positive investment outlook. Despite market challenges, Canadian Natural Resources is positioned to deliver substantial shareholder value. Investors should consider the risks but recognize the company's strong fundamentals and future potential. Read the full article on Seeking AlphaDeclared Dividend • Mar 09Fourth quarter dividend of CA$0.59 announcedShareholders will receive a dividend of CA$0.59. Ex-date: 21st March 2025 Payment date: 4th April 2025 Dividend yield will be 6.2%, which is higher than the industry average of 4.5%. Sustainability & Growth Dividend is covered by both earnings (74% earnings payout ratio) and cash flows (62% cash payout ratio). The dividend has increased by an average of 18% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 36% over the next 3 years, which should provide support to the dividend and adequate earnings cover.공고 • Mar 08Canadian Natural Resources Limited Announces Quarterly Cash Dividend, Payable on April 4, 2025Canadian Natural Resources Limited announces that its Board of Directors approved a 4% increase to its quarterly cash dividend on its common shares to CAD 0.5875 (fifty-eight and three quarter cents) per common share, up from the previous quarterly cash dividend of CAD 0.5625 (fifty-six and one quarter cents) per common share. The dividend will be payable on April 4, 2025 to shareholders of record at the close of business on March 21, 2025.Reported Earnings • Mar 07Full year 2024 earnings: EPS misses analyst expectationsFull year 2024 results: EPS: CA$2.87 (down from CA$3.77 in FY 2023). Revenue: CA$35.7b (flat on FY 2023). Net income: CA$6.11b (down 26% from FY 2023). Profit margin: 17% (down from 23% in FY 2023). Combined production Oil equivalent production: 426.382 MMboe (424.065 MMboe in FY 2023) Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 16%. Revenue is forecast to grow 1.2% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.Seeking Alpha • Mar 02Canadian Natural Resources: Tariff Risk Largely Mitigated By Crashing Canadian DollarSummary Tariffs on Canadian oil may raise US refinery costs and gasoline prices, but the low CAD-USD exchange rate mitigates the impact. CNQ's valuation is attractive, with a forward P/E of 11.1X, EV/EBITDA of 5.6X, and a high dividend yield of 5.5%. Despite tariff risks, CNQ's diversified production and strategic investments position it well for long-term growth, especially if geopolitical tensions rise. CNQ's recent declines present a buying opportunity for long-term investors, as tariffs are likely a temporary "lose-lose" situation for both the US and Canadian economies. If Tariffs go into effect and remain, I expect the CAD-USD will fall by over 10%, offsetting the impact on Canadian energy exporters. Read the full article on Seeking Alpha공고 • Feb 25Canadian Natural Resources Limited, Annual General Meeting, May 08, 2025Canadian Natural Resources Limited, Annual General Meeting, May 08, 2025. Location: alberta, calgary Canada공고 • Jan 30Canadian Natural Resources Limited to Report Q4, 2024 Results on Mar 06, 2025Canadian Natural Resources Limited announced that they will report Q4, 2024 results on Mar 06, 2025Seeking Alpha • Jan 24Canadian Natural Resources: Tariffs And Bearish Technicals Make It A Strong SellSummary CNQ stock is a strong sell due to net bearish technicals, overvaluation, and imminent political headwinds from Trump's tariffs on Canadian energy. The stock's chart shows a strong downtrend with more resistance levels than support, indicating further downside potential. Recent earnings reveal weak financial performance with negative revenue and EPS growth, yet P/S and P/E ratios remain unjustifiably high. Trump's impending 25% tariffs on Canadian energy exports will severely impact CNQ, exacerbating its already precarious financial situation. Read the full article on Seeking AlphaSeeking Alpha • Jan 14Canadian Natural Resources: Excellent Growth In 2025Summary Canadian Natural Resources Limited will achieve double-digit production growth in 2025 through M&A and organic investments, making it a standout in the low-growth energy sector. Political changes in the US and Canada could favorably impact Canadian Natural Resources, potentially boosting revenues and reducing operational risks. The company’s valuation is highly attractive, with a forward EV/EBITDA multiple under 6 and a dividend yield around 5%, making it a compelling buy. Strong free cash flow generation and shareholder-friendly policies, including dividends and buybacks, enhance the investment appeal of Canadian Natural Resources. Read the full article on Seeking Alpha공고 • Jan 10Canadian Natural Resources Limited Provides Production Guidance for the Year 2025Canadian Natural Resources Limited provided production guidance for the year 2025. For the period, the company's production guidance range is approximately 1.510 million to 1.555 million BOEs per day with a breakdown of 2.425 to 2.480 Bcf per day of natural gas and total liquids of 1.106 to 1.142 million barrels per day. This represents growth of approximately 170,000 BOEs per day or 12% from the 2024 based on midpoint of guidance.Seeking Alpha • Dec 26Canadian Natural Resources: How We Would Play 2025Summary Canadian Natural Resources Limited has consistently performed well, but its post-pandemic valuation was too high for our taste. On the previous coverage, we had suggested a covered call as an alternative to paying up for the company. We analyze that trade and the current valuations. Read the full article on Seeking AlphaSeeking Alpha • Dec 10Canadian Natural Resources: Pullback Is A Golden Opportunity For Value InvestorsSummary CNQ offers a 5% dividend yield, supported by a robust asset base, consistent production growth, and disciplined cost management, making it attractive for income and value investors. Strategic acquisitions, including Chevron's interests in the Athabasca Oil Sands Project and the Duvernay play, position CNQ for sustainable cash flow and near-term growth. With a 25-year streak of dividend increases, a low debt-to-EBITDA ratio, and a forward PE below its historical average, CNQ is attractively valued. Despite near-term risks like commodity price volatility and regulatory challenges, CNQ's diversified production and expansion strategies make it a resilient pick for long-term investors. Read the full article on Seeking AlphaUpcoming Dividend • Dec 06Upcoming dividend of CA$0.56 per shareEligible shareholders must have bought the stock before 13 December 2024. Payment date: 03 January 2025. Payout ratio is a comfortable 58% and this is well supported by cash flows. Trailing yield: 4.6%. Within top quartile of American dividend payers (4.2%). Higher than average of industry peers (3.9%).Seeking Alpha • Nov 26Canadian Natural Resources: Prioritizing Shareholder ValueSummary CNQ's low-cost, efficient operations and strong asset base ensure best-in-class profitability and disciplined capital allocation, driving growth and shareholder value. CNQ's robust financial position, low leverage, and ample liquidity maintain investment-grade credit ratings, enabling strategic investments and acquisitions. CNQ offers a 4.62% forward dividend yield with a 22.7% five-year dividend CAGR, making it ideal for dividend growth investors. Despite the rise of renewable energy, fossil fuels will dominate for decades, positioning CNQ well in the global energy mix. Read the full article on Seeking AlphaSeeking Alpha • Nov 08Canadian Natural Resources Q3: Another Solid QuarterSummary Canadian Natural Resources reported another quarter of solid results, with adjusted funds flow of C$3.9 billion. Canadian Natural reported oil sands operating costs of $15.16/bo. With an all-in, dividend-covered breakeven in the low $40s WTI, its dividends remain secure. Increased contracted crude transport capacity, planned organic growth, and recent Chevron acquisitions pave the way for future production growth. The recent pullback in Canadian Natural's share price amid weak oil prices gives dividend growth investors a chance to add to their positions. Read the full article on Seeking AlphaReported Earnings • Nov 01Third quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2024 results: EPS: CA$1.07 (down from CA$1.08 in 3Q 2023). Revenue: CA$8.89b (down 10% from 3Q 2023). Net income: CA$2.27b (down 3.3% from 3Q 2023). Profit margin: 26% (up from 24% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) exceeded analyst estimates by 17%. Revenue is forecast to stay flat during the next 3 years compared to a 2.8% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings.Seeking Alpha • Oct 31Top Pick Alert: Why I Just Became Even More Bullish On Canadian Natural ResourcesSummary Canadian Natural Resources Limited offers standout value with vast, low-cost reserves, efficient oil sands operations, and a 25-year dividend growth streak for shareholders. The Chevron acquisition bolsters CNQ’s production, adding high-quality assets and nearly 10% output growth while securing long-term, low-cost oil supply. Though the payout drops to 60%, CNQ’s enhanced cash flow makes up for it. Once debt reduces, investors should see 100% free cash flow returns again. Read the full article on Seeking AlphaSeeking Alpha • Oct 19Canadian Natural Resources Is Growing Its AssetsSummary Canadian Natural Resources' $6.5 billion acquisition of Chevron's Canadian assets enhances its production capacity and aligns well with existing operations, ensuring long-term growth. The acquisition, funded through cash, avoids dilution and strengthens shareholder returns, with 1.5 billion barrels of reserves and 122.5 thousand barrels/day production. The company boasts a diversified asset portfolio with substantial reserves, targeting significant production growth, supported by a stable $70/barrel WTI assumption. Despite potential risks from fluctuating oil prices, Canadian Natural Resources' strong balance sheet and nearly 5% dividend yield make it a valuable long-term investment. Read the full article on Seeking AlphaDeclared Dividend • Oct 09Dividend of CA$0.53 announcedShareholders will receive a dividend of CA$0.53. Ex-date: 13th December 2024 Payment date: 3rd January 2025 Dividend yield will be 5.7%, which is higher than the industry average of 4.5%. Sustainability & Growth Dividend is covered by both earnings (56% earnings payout ratio) and cash flows (43% cash payout ratio). The dividend has increased by an average of 18% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 16% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Seeking Alpha • Oct 09New Acquisition Makes Canadian Natural Resources A Very Comfortable HoldSummary Canadian Natural Resources' acquisition of Chevron's Alberta assets boosts production by 122,500 BOE/day, enhancing free cash flow and solidifying market position. The company’s new capital allocation policy prioritizes debt reduction, with 60% of free cash flow to shareholders until net debt hits $12 billion. Despite a higher P/E ratio, CNQ's strong dividend yield of 4.5% and superior net profit margin make it a valuable hold at current prices. Given current valuations, CNQ is a hold; a buy recommendation would require a higher discount and lower share price for better value. Read the full article on Seeking Alpha공고 • Oct 07Canadian Natural Resources Limited Declares Quarterly Cash Dividend, Payable on January 3, 2025Canadian Natural Resources Limited have agreed to increase the quarterly cash dividend by 7% to $0.5625 per common share, up from the previous quarterly cash dividend of $0.525 per common share. The dividend will be payable on January 3, 2025 to shareholders of record at the close of business on December 13, 2024.공고 • Oct 01Canadian Natural Resources Limited to Report Q3, 2024 Results on Oct 31, 2024Canadian Natural Resources Limited announced that they will report Q3, 2024 results on Oct 31, 2024Seeking Alpha • Sep 06Why Canadian Natural Resources Is A Dividend GoldmineSummary Cyclical stocks like Canadian Natural Resources offer value, especially for patient retail investors who can buy when valuations are favorable. CNQ is appealing due to its large, long-life, low-decline oil sands reserves, resulting in lower maintenance costs and high free cash flows. CNQ achieved strong Q2 2024 production, including a 12% YoY increase in thermal production and a 16% YoY rise in synthetic crude oil production. With a strong reserve life of 44 years and ongoing operational efficiencies, CNQ is well-positioned for increased production and shareholder returns. Read the full article on Seeking AlphaUpcoming Dividend • Sep 06Upcoming dividend of CA$0.53 per shareEligible shareholders must have bought the stock before 13 September 2024. Payment date: 04 October 2024. Payout ratio is a comfortable 56% and this is well supported by cash flows. Trailing yield: 4.6%. Within top quartile of American dividend payers (4.4%). Higher than average of industry peers (4.1%).Declared Dividend • Aug 04Second quarter dividend of CA$0.53 announcedShareholders will receive a dividend of CA$0.53. Ex-date: 13th September 2024 Payment date: 4th October 2024 Dividend yield will be 7.3%, which is higher than the industry average of 4.5%. Sustainability & Growth Dividend is covered by both earnings (52% earnings payout ratio) and cash flows (43% cash payout ratio). The dividend has increased by an average of 24% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 19% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Aug 02Second quarter 2024 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2024 results: EPS: CA$0.80 (up from CA$0.67 in 2Q 2023). Revenue: CA$9.05b (up 15% from 2Q 2023). Net income: CA$1.72b (up 17% from 2Q 2023). Profit margin: 19% (in line with 2Q 2023). Revenue exceeded analyst estimates by 6.7%. Earnings per share (EPS) also surpassed analyst estimates by 4.7%. Revenue is expected to decline by 1.6% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in the US are expected to grow by 2.5%. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth.Seeking Alpha • Aug 0210% Return Yield At $80 WTI: Why Canadian Natural Remains My Favorite Oil StockSummary Canadian Natural Resources Limited outperformed its peers, benefiting from strong reserves and low-cost operations. Recent market weakness offers a buying opportunity. Canadian Natural Resources Limited has a proven reserve life of 33 years, low breakeven costs, and efficient oil sands production, ensuring stability and strong shareholder returns. Despite global economic fears, Canadian Natural Resources Limited's solid financials and commitment to dividends and buybacks make it a compelling investment for long-term growth. Read the full article on Seeking AlphaSeeking Alpha • Jul 17Canadian Natural Resources: One Of The Best Oil And Gas YieldsSummary Canadian Natural Resources Limited offers one of the strongest shareholder yields in the oil and gas industry, with substantial growth potential. Positive macro outlook for the Company due to firming oil prices, improved transportation capacity, and potential Fed rate cuts. CNQ is expected to report strong earnings, with revenue and earnings growth and high cash flow generation. Read the full article on Seeking Alpha공고 • Jul 04Canadian Natural Resources Limited to Report Q2, 2024 Results on Aug 01, 2024Canadian Natural Resources Limited announced that they will report Q2, 2024 results on Aug 01, 2024Seeking Alpha • Jun 26Canadian Natural Resources Advantage: Low Breakeven Costs, High Reserves, And Strong Shareholder ReturnsSummary Canadian Natural Resources is the largest Canadian oil company with shares up 162% in the past five years. The company operates primarily in Canadian oil sands, has extensive reserves, and benefits from the Trans Mountain Pipeline expansion. With vast reserves, a low breakeven price, and a commitment to strong shareholder returns CNQ is a buy. Read the full article on Seeking AlphaSeeking Alpha • Jun 12Canadian Natural Resources: Rising Premium To Peer Group Points To Lower Relative PerformanceSummary Now that supply has stagnated, I expect US oil output to falter due to low capital investment levels from most producers. With the Biden administration and OPEC creating a long-term oil price floor of ~$80 per barrel, exploration and development companies may have improved risk-reward profiles. My long-term favorite, Canadian Natural Resources, is starting to appear overvalued after rising despite no significant improvement in oil or natural gas prices. Although M&A hopes are high, investors may be better off in their cheaper peers, which now have room to raise their dividends considerably. Geopolitical issues in oil-producing areas and the political situation regarding the SPR reserve may cause more significant oil price fluctuations over the coming year. Read the full article on Seeking AlphaUpcoming Dividend • Jun 10Upcoming dividend of CA$0.53 per shareEligible shareholders must have bought the stock before 17 June 2024. Payment date: 05 July 2024. Payout ratio is a comfortable 56% and this is well supported by cash flows. Trailing yield: 4.3%. Lower than top quartile of American dividend payers (4.8%). In line with average of industry peers (4.1%).Declared Dividend • May 05First quarter dividend of CA$1.05 announcedShareholders will receive a dividend of CA$1.05. Ex-date: 17th June 2024 Payment date: 5th July 2024 Dividend yield will be 4.3%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (54% earnings payout ratio) and cash flows (49% cash payout ratio). The dividend has increased by an average of 24% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 33% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • May 03First quarter 2024 earnings: EPS misses analyst expectationsFirst quarter 2024 results: EPS: CA$0.92 (down from CA$1.64 in 1Q 2023). Revenue: CA$8.24b (down 4.5% from 1Q 2023). Net income: CA$987.0m (down 45% from 1Q 2023). Profit margin: 12% (down from 21% in 1Q 2023). The decrease in margin was primarily driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 36%. Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth.Seeking Alpha • May 02Canadian Natural Resources: My Top Pick For North American Oil And GasSummary Canadian Natural Resources is a top choice for oil and gas exposure, with deep reserves, low decline rates, and competitive breakeven prices. Canadian Natural Resources is committed to maximizing shareholder returns, distributing every penny of free cash flow, increasing dividends, and occasionally offering special dividends. The completion of the Trans Mountain pipeline project is expected to improve takeaway capacity and reduce the price difference between WCS and WTI, benefiting Canadian producers like CNQ. Read the full article on Seeking AlphaSeeking Alpha • Apr 06Canadian Natural Resources: Expect Huge Shareholder ReturnsSummary Canadian Natural Resources has achieved its net debt target, allowing the company to return more cash to its owners. Oil prices have risen considerably in recent months, benefiting Canadian Natural Resources and other oil producers. The start-up of the Trans Mountain pipeline will have a positive impact on Canadian oil prices, benefiting Canadian Natural Resources. Read the full article on Seeking Alpha공고 • Apr 02Canadian Natural Resources Limited to Report Q1, 2024 Results on May 02, 2024Canadian Natural Resources Limited announced that they will report Q1, 2024 results on May 02, 2024Seeking Alpha • Mar 22Canadian Natural Resources: Fully Priced, Good Time To Consider SwitchingSummary Canadian Natural Resources is the largest and highest-quality Canadian O&G producer, with a recent strong stock performance. CNQ recently achieved its debt target and switched to 100% FCF payout to shareholders via dividends and buybacks. After the stock run-up, CNQ became one of the few fully priced names in the Canadian O&G space. With the higher stock price, there is strong insider selling, sending a bad signal to the market. There are better opportunities with high-quality names in the Canadian O&G sector, which I believe will outperform CNQ in the next 3-5 years. Read the full article on Seeking AlphaRecent Insider Transactions • Mar 18Executive Chairman recently sold US$18m worth of stockOn the 13th of March, Norman Edwards sold around 252k shares on-market at roughly US$73.09 per share. This transaction amounted to 1.2% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth US$31m. Norman has been a net seller over the last 12 months, reducing personal holdings by US$62m.Upcoming Dividend • Mar 07Upcoming dividend of CA$1.05 per shareEligible shareholders must have bought the stock before 14 March 2024. Payment date: 05 April 2024. Payout ratio is a comfortable 49% and this is well supported by cash flows. Trailing yield: 4.3%. Lower than top quartile of American dividend payers (4.7%). In line with average of industry peers (4.3%).Declared Dividend • Mar 04Fourth quarter dividend of CA$1.05 announcedShareholders will receive a dividend of CA$1.05. Ex-date: 14th March 2024 Payment date: 5th April 2024 Dividend yield will be 4.4%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (49% earnings payout ratio) and cash flows (60% cash payout ratio). The dividend has increased by an average of 24% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 27% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Mar 01Full year 2023 earnings: EPS exceeds analyst expectationsFull year 2023 results: EPS: CA$7.54 (down from CA$9.64 in FY 2022). Revenue: CA$36.0b (down 15% from FY 2022). Net income: CA$8.23b (down 25% from FY 2022). Profit margin: 23% (down from 26% in FY 2022). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.3%. Revenue is forecast to grow 1.8% p.a. on average during the next 2 years, compared to a 1.7% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 35% per year whereas the company’s share price has increased by 32% per year.공고 • Mar 01Canadian Natural Resources Limited Declares Cash Dividend, Payable on April 5, 2024Canadian Natural Resources Limited announces that its Board of Directors approved a 5% increase to its quarterly cash dividend on its common shares to CAD 1.05 (One dollar and five cents) per common share. The dividend will be payable on April 5, 2024 to shareholders of record at the close of business on March 15, 2024.공고 • Feb 18Canadian Natural Resources Limited, Annual General Meeting, May 02, 2024Canadian Natural Resources Limited, Annual General Meeting, May 02, 2024.Seeking Alpha • Feb 07Canadian Natural: Solid Performance, But Valuation Remains A HeadwindSummary Canadian Natural Resources Limited showed a strong operational performance and raised its dividend by 11% in Q3-2023. CNQ's budget for 2024 is $5.42 billion, with a focus on liquids growth and a 3-7% growth per share in production. The company has some wood to chop to get valuation in line with peers. We tell you how we would play it for the year ahead. Read the full article on Seeking Alpha공고 • Feb 02Canadian Natural Resources Limited to Report Q4, 2023 Results on Feb 29, 2024Canadian Natural Resources Limited announced that they will report Q4, 2023 results Pre-Market on Feb 29, 2024Seeking Alpha • Jan 12A 12% Distribution Yield At $80 WTI Is Why I Sold Exxon To Buy Canadian Natural ResourcesSummary I prefer to focus on finding buying opportunities rather than stocks to sell or avoid among the thousands of stock-listed companies in the world. I have shifted my investment from Exxon Mobil to Canadian Natural Resources due to the latter's better potential for shareholder value and strong position in the energy sector. Canadian Natural Resources has substantial proven reserves, low decline rates, and a commitment to returning cash to shareholders, making it a preferred choice over Exxon Mobil. Read the full article on Seeking AlphaRecent Insider Transactions • Jan 08Executive Chairman recently sold US$31m worth of stockOn the 3rd of January, Norman Edwards sold around 470k shares on-market at roughly US$66.23 per share. This transaction amounted to 2.1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Norman has been a net seller over the last 12 months, reducing personal holdings by US$55m.Seeking Alpha • Jan 04Canadian Natural Resources: Dividend Increases And Share Buybacks Holding Up Valuation Despite Deteriorating FundamentalsSummary Canadian Natural Resources has seen a significant increase in dividends and share repurchases in the past two years, surpassing previous levels. CNQ's stock has performed exceptionally well in 2023 despite declines in oil prices and the struggles of other Canadian oil peers. This divergence raises questions around CNQ's current valuation and we believe either the stock price may deteriorate in near term or the magnitude of dividend increases slows down. While investors who believe in increasing oil and gas prices should certainly have CNQ in their portfolio, long-horizon value investors may want to wait on the sidelines for a more opportune entry point. Read the full article on Seeking AlphaUpcoming Dividend • Nov 30Upcoming dividend of CA$1.00 per share at 4.4% yieldEligible shareholders must have bought the stock before 07 December 2023. Payment date: 05 January 2024. Payout ratio is a comfortable 55% and this is well supported by cash flows. Trailing yield: 4.4%. Lower than top quartile of American dividend payers (4.9%). In line with average of industry peers (4.5%).Recent Insider Transactions • Nov 13Independent Director recently sold US$24m worth of stockOn the 9th of November, Steve Laut sold around 384k shares on-market at roughly US$62.84 per share. This transaction amounted to 46% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth US$25m. Insiders have been net sellers, collectively disposing of US$95m more than they bought in the last 12 months.Seeking Alpha • Nov 11Canadian Natural Resources: 2024, The Year Of The ShareholderSummary Canadian Natural Resources reported strong Q3 numbers with record production and an 11% dividend increase. The company has increased its base dividend for 24 straight years and is expected to continue rewarding shareholders as debt targets are achieved. The stock price has responded positively to tests and is setting higher highs and higher lows, making it a bullish investment. Read the full article on Seeking Alpha공고 • Nov 05Canadian Natural Resources Limited Declares Quarterly Dividend, Payable on January 5, 2024; Provides Dividend Guidance for the Year 2023Canadian Natural Resources Limited announced that the Board of Directors has approved an 11% increase to quarterly dividend to $1.00 per common share, from $0.90 per common share, payable on January 5, 2024 to shareholders of record on December 8, 2023. With this increase announced on November 2, 2023, the Company has increased its dividend by 18% in 2023 to $4.00 per share annually. As a result, the Company's leading track record of dividend increases continues, as this increase will mark 2024 as the 24th consecutive year of dividend increases, with a CAGR of 21% over that time.Seeking Alpha • Nov 04>16% Yield Potential - Why I Believe Canadian Natural Is The Best Oil Stock Money Can BuySummary Canadian Natural Resources (CNQ) has seen a 6% increase in its stock price following strong earnings and a positive outlook. The company has the potential for special dividends and buybacks next year if oil prices remain elevated. I favor CNQ as an oil investment due to its strong operations, deep inventories, and emphasis on shareholder distributions. Read the full article on Seeking Alpha공고 • Nov 04Canadian Natural Resources Limited Announces Executive ChangesTim McKay will assume the role of vice-chair and Scott Stauth, currently chief operating officer, Oil Sands, will be promoted to president of Canadian Natural Resources Limited. The change will happen at Canadian Natural's 2023 year-end board meeting on Feb. 28, 2024. The company will continue to focus on controlling costs and being financially disciplined, according to management. Stauth has been with Canadian Natural for 26 years in increasingly responsible management roles across all operations in Canada. Stauth, as chief operating officer, Oil Sands, has played an integral role in delivering top tier performance across all of the company’s oilsands operations, it said. As vice-chair, McKay will support the management transition until his retirement in summer 2024. In addition, as part of the succession plan, Jay Froc, currently senior vice-president Oil Sands Mining and Upgrading, will be promoted to chief operating officer, Oil Sands on Jan. 1, 2024. Froc has been with Canadian Natural for 10 years. Trevor Cassidy, chief operating officer, E&P, after over 23 years of contributing to the company's success will be retiring in Q4/23, at which time Robin Zabek, currently senior vice-president Exploitation E&P, will be promoted to chief operating officer, E&P. Zabek has been with Canadian Natural for 20 years.Reported Earnings • Nov 03Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2023 results: EPS: CA$2.15 (down from CA$2.52 in 3Q 2022). Revenue: CA$9.90b (down 5.4% from 3Q 2022). Net income: CA$2.34b (down 17% from 3Q 2022). Profit margin: 24% (down from 27% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 4.5%. Earnings per share (EPS) missed analyst estimates by 9.9%. Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has increased by 60% per year, which means it is tracking significantly ahead of earnings growth.공고 • Oct 02Canadian Natural Resources Limited to Report Q3, 2023 Results on Nov 02, 2023Canadian Natural Resources Limited announced that they will report Q3, 2023 results Pre-Market on Nov 02, 2023이익 및 매출 성장 예측NYSE:CNQ - 애널리스트 향후 추정치 및 과거 재무 데이터 (CAD Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/202841,5068,98510,93518,323512/31/202741,89510,66311,53718,607612/31/202646,52911,10512,57320,06166/30/202644,67611,7549,65717,813N/A3/31/202638,6339,7106,43814,104N/A12/31/202538,76210,8208,31515,106N/A9/30/202538,6216,6558,12814,770N/A6/30/202537,9988,3217,96513,832N/A3/31/202538,3517,5779,22914,802N/A12/31/202435,6566,1068,00313,386N/A9/30/202435,7417,5959,71114,769N/A6/30/202436,7437,67310,44815,265N/A3/31/202435,5827,4219,16113,926N/A12/31/202335,9688,2337,44412,353N/A9/30/202336,1047,1266,91512,082N/A6/30/202336,6667,5969,48814,682N/A3/31/202340,2519,63512,82817,833N/A12/31/202242,29810,93714,25519,391N/A9/30/202241,82211,95114,10219,559N/A6/30/202239,07611,33912,47217,751N/A3/31/202234,1269,3889,65514,795N/A12/31/202130,0577,6649,98514,478N/A9/30/202125,8625,8797,37311,036N/A6/30/202122,6554,0855,4048,816N/A3/31/202119,0012,2242,9735,525N/A12/31/202016,893-4352,1544,714N/A9/30/202017,776-5873,0905,898N/A6/30/202019,432323,3446,346N/A3/31/202022,1233,173N/A9,558N/A12/31/201922,8715,416N/A8,829N/A9/30/201920,6724,043N/A7,772N/A6/30/201920,4114,818N/A8,896N/A3/31/201920,8012,969N/A8,648N/A12/31/201821,0272,591N/A10,121N/A9/30/201822,5283,763N/A10,162N/A6/30/201821,0952,645N/A9,042N/A3/31/201819,0542,735N/A8,060N/A12/31/201717,3422,397N/A7,262N/A9/30/201715,5972,567N/A7,079N/A6/30/201713,4661,557N/A5,456N/A3/31/201712,107146N/A4,542N/A12/31/201611,427-204N/A3,452N/A9/30/20169,858-639N/A3,682N/A6/30/201610,637-424N/A4,391N/A3/31/201611,507-490N/A4,959N/A12/31/201512,363-637N/A5,632N/A9/30/201513,954430N/A6,465N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: CNQ 의 수익은 향후 3년간 감소할 것으로 예상됩니다(연간 -8.2%).수익 vs 시장: CNQ 의 수익은 향후 3년간 감소할 것으로 예상됩니다(연간 -8.2%).고성장 수익: CNQ 의 수익은 향후 3년간 감소할 것으로 예상됩니다.수익 대 시장: CNQ 의 수익은 향후 3년간 감소할 것으로 예상됩니다(연간 -3.4%).고성장 매출: CNQ 의 수익은 향후 3년 동안 감소할 것으로 예상됩니다(연간 -3.4%).주당순이익 성장 예측향후 자기자본이익률미래 ROE: CNQ의 자본 수익률은 3년 후 18.8%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YEnergy 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/08/12 01:35종가2026/08/12 00:00수익2026/06/30연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델의 세부 정보는 당사의 GitHub 페이지에서 확인하실 수 있습니다. 또한 보고서 사용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Canadian Natural Resources Limited는 48명의 분석가가 다루고 있습니다. 이 중 7명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Harshit GuptaAccountability Research CorporationPatrick O'RourkeATB CormarkBrent WatsonATB Cormark Historical (Cormark Securities)45명의 분석가 더 보기
공고 • Aug 07Canadian Natural Resources Limited Revises Production Guidance for the Year 2026Canadian Natural Resources Limited revised production guidance for the year 2026. For the year, the company now expects Natural Gas production of 2,595 MMcf/d - 2,635 MMcf/d compared to previous guidance of 2,560 MMcf/d - 2,615 MMcf/d, Total Liquids of 1,204 Mbbl/d - 1,243 Mbbl/d compared to previous guidance of 1,188 Mbbl/d - 1,229 Mbbl/d and Total production of 1,637 MBOE/d - 1,682 MBOE/d compared to previous guidance of 1,615 MBOE/d - 1,665 MBOE/d.
공고 • Nov 04Canadian Natural Resources Limited Updates Production Guidance for the Year 2025Canadian Natural Resources Limited updated production guidance for the year 2025. For the year, the company expects to update 2025 production guidance with the addition of the 31,000 bbl/d from the swap transaction, included effective November 1, 2025, which results in current production volumes of approximately 1,670 MBOE/d. Annual 2025 production guidance is now targeted to be between 1,560 MBOE/d and 1,580 MBOE/d and represents production growth in 2025 of approximately 207 MBOE/d or 15% over 2024 production levels, based on the mid-point of the updated guidance.
공고 • Jan 10Canadian Natural Resources Limited Provides Production Guidance for the Year 2025Canadian Natural Resources Limited provided production guidance for the year 2025. For the period, the company's production guidance range is approximately 1.510 million to 1.555 million BOEs per day with a breakdown of 2.425 to 2.480 Bcf per day of natural gas and total liquids of 1.106 to 1.142 million barrels per day. This represents growth of approximately 170,000 BOEs per day or 12% from the 2024 based on midpoint of guidance.
Declared Dividend • Aug 09Second quarter dividend of CA$0.63 announcedShareholders will receive a dividend of CA$0.63. Ex-date: 11th September 2026 Payment date: 2nd October 2026 Dividend yield will be 4.3%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (43% earnings payout ratio) and cash flows (53% cash payout ratio). The dividend has increased by an average of 18% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 13% over the next 3 years. However, it would need to fall by 52% to increase the payout ratio to a potentially unsustainable range.
공고 • Aug 07Canadian Natural Resources Limited Revises Production Guidance for the Year 2026Canadian Natural Resources Limited revised production guidance for the year 2026. For the year, the company now expects Natural Gas production of 2,595 MMcf/d - 2,635 MMcf/d compared to previous guidance of 2,560 MMcf/d - 2,615 MMcf/d, Total Liquids of 1,204 Mbbl/d - 1,243 Mbbl/d compared to previous guidance of 1,188 Mbbl/d - 1,229 Mbbl/d and Total production of 1,637 MBOE/d - 1,682 MBOE/d compared to previous guidance of 1,615 MBOE/d - 1,665 MBOE/d.
Reported Earnings • Aug 07Second quarter 2026 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2026 results: EPS: CA$2.17 (up from CA$1.18 in 2Q 2025). Revenue: CA$14.7b (up 70% from 2Q 2025). Net income: CA$4.50b (up 83% from 2Q 2025). Profit margin: 31% (up from 28% in 2Q 2025). Revenue exceeded analyst estimates by 9.9%. Earnings per share (EPS) also surpassed analyst estimates by 5.8%. Revenue is expected to decline by 3.1% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in the US are expected to grow by 1.4%. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 14% per year.
공고 • Aug 07Canadian Natural Resources Limited Declares Quarterly Cash Dividend, Payable on October 2, 2026Canadian Natural Resources Limited announced that its Board of Directors has declared a quarterly cash dividend on its common shares of CAD 0.625. The dividend will be payable on October 2, 2026 to shareholders of record at the close of business on September 11, 2026.
Seeking Alpha • Jul 13Canadian Natural Resources: A Dividend Machine In A Volatile Oil MarketSummary Canadian Natural Resources is positioned as an attractive vehicle for investors seeking exposure to rising global energy demand. CNQ benefits from a robust asset base, efficient operations, and a track record of capital discipline, supporting its long-term value proposition. The company's integrated approach and strong balance sheet enhance resilience amid volatile commodity cycles. I see CNQ as a compelling pick for capturing upside in an environment of increasing energy consumption. Read the full article on Seeking Alpha
Declared Dividend • Jun 21First quarter dividend of CA$0.63 announcedShareholders will receive a dividend of CA$0.63. Ex-date: 23rd June 2026 Payment date: 7th July 2026 Dividend yield will be 4.7%, which is higher than the industry average of 4.5%. Sustainability & Growth Dividend is covered by both earnings (51% earnings payout ratio) and cash flows (81% cash payout ratio). The dividend has increased by an average of 18% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 4.6% over the next 3 years. However, it would need to fall by 43% to increase the payout ratio to a potentially unsustainable range.
Upcoming Dividend • Jun 11Upcoming dividend of CA$0.63 per shareEligible shareholders must have bought the stock before 18 June 2026. Payment date: 07 July 2026. Payout ratio is a comfortable 51% and the cash payout ratio is 81%. Trailing yield: 3.9%. Lower than top quartile of American dividend payers (4.2%). Higher than average of industry peers (3.3%).
공고 • Jun 10Canadian Natural Resources Limited to Report Q2, 2026 Results on Aug 06, 2026Canadian Natural Resources Limited announced that they will report Q2, 2026 results on Aug 06, 2026
Reported Earnings • May 11First quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2026 results: EPS: CA$0.65 (down from CA$1.17 in 1Q 2025). Revenue: CA$10.8b (down 1.2% from 1Q 2025). Net income: CA$1.35b (down 45% from 1Q 2025). Profit margin: 13% (down from 23% in 1Q 2025). Revenue exceeded analyst estimates by 6.3%. Earnings per share (EPS) missed analyst estimates by 41%. Revenue is forecast to stay flat during the next 3 years compared to a 3.5% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth.
Recent Insider Transactions • Mar 29Independent Lead Director recently sold US$1.2m worth of stockOn the 24th of March, Gordon Giffin sold around 25k shares on-market at roughly US$49.83 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$24m. Insiders have been net sellers, collectively disposing of US$29m more than they bought in the last 12 months.
공고 • Mar 27Canadian Natural Resources Limited to Report Q1, 2026 Results on May 07, 2026Canadian Natural Resources Limited announced that they will report Q1, 2026 results Pre-Market on May 07, 2026
Recent Insider Transactions • Mar 16Executive Chairman recently sold US$24m worth of stockOn the 13th of March, Norman Edwards sold around 500k shares on-market at roughly US$48.18 per share. This transaction amounted to 1.2% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Norman's only on-market trade for the last 12 months.
Declared Dividend • Mar 08Fourth quarter dividend of CA$0.63 announcedShareholders will receive a dividend of CA$0.63. Ex-date: 20th March 2026 Payment date: 7th April 2026 Dividend yield will be 4.1%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is covered by both earnings (45% earnings payout ratio) and cash flows (63% cash payout ratio). The dividend has increased by an average of 18% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 22% over the next 3 years. However, it would need to fall by 50% to increase the payout ratio to a potentially unsustainable range.
New Risk • Mar 06New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 8.0% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 8.0% per year for the foreseeable future. Minor Risks Large one-off items impacting financial results. Significant insider selling over the past 3 months (US$2.1m sold).
공고 • Feb 24Canadian Natural Resources Limited, Annual General Meeting, May 07, 2026Canadian Natural Resources Limited, Annual General Meeting, May 07, 2026. Location: alberta, calgary Canada
공고 • Feb 06Canadian Natural Resources Limited to Report Q4, 2025 Results on Mar 05, 2026Canadian Natural Resources Limited announced that they will report Q4, 2025 results on Mar 05, 2026
Recent Insider Transactions • Feb 02Insider recently sold US$757k worth of stockOn the 29th of January, Troy J. Andersen sold around 20k shares on-market at roughly US$37.83 per share. This transaction amounted to 24% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$3.2m more than they bought in the last 12 months.
New Risk • Jan 30New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: US$1.6m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Minor Risks High level of debt (42% net debt to equity). Significant insider selling over the past 3 months (US$1.6m sold).
공고 • Jan 14Canadian Natural Resources Reportedly Set to Acquire Tourmaline’s Natural Gas BusinessCanadian Natural Resources Limited (TSX:CNQ) is poised to purchase a $1-billion-plus portfolio of Alberta natural gas properties from Tourmaline Oil Corp. (TSX:TOU). Canadian Natural filed the paperwork for federal Competition Bureau approval of a transaction with Tourmaline on Dec. 30, according to a recent notification published by the bureau. However, the regulator and the Calgary-based companies did not disclose details of the potential deal. Canadian Natural is in talks to acquire a natural gas business in Alberta’s Peace River region that Tourmaline put up for sale in November, according to two sources familiar with the negotiations. The Globe is not naming the sources because they are not authorized to speak publicly about the talks. Last year, analysts estimated the portfolio could fetch up to $1.4-billion. Canadian Natural also owns gas wells and energy infrastructure in the area. Tourmaline’s Peace River operations include 2,428 horizontal wells, 34 gas plants and 15,500 kilometres of pipelines. Canadian Natural is seeking preliminary regulatory feedback on a potential acquisition of the Tourmaline assets prior to announcing a purchase, the sources said. Tourmaline said it would not comment on the sale process of its Peace River assets before its first-quarter report, which is slated for March 4. Canadian Natural also declined to comment on the regulatory filing. The application to the federal competition watchdog suggests that the scale of Canadian Natural’s potential acquisition requires regulatory approval, a relatively common development when companies in mature sectors such as energy buy businesses from peers. Tourmaline’s sale of its Peace River assets is expected to lower its operational expenses this year by roughly 7%, ATB Financial said in its 2026 oil and gas outlook.
Upcoming Dividend • Dec 05Upcoming dividend of CA$0.59 per shareEligible shareholders must have bought the stock before 12 December 2025. Payment date: 06 January 2026. Payout ratio is a comfortable 73% and this is well supported by cash flows. Trailing yield: 4.9%. Within top quartile of American dividend payers (4.4%). Higher than average of industry peers (4.0%).
Declared Dividend • Nov 09Third quarter dividend of CA$0.59 announcedShareholders will receive a dividend of CA$0.59. Ex-date: 12th December 2025 Payment date: 6th January 2026 Dividend yield will be 5.9%, which is higher than the industry average of 4.5%. Sustainability & Growth Dividend is covered by both earnings (67% earnings payout ratio) and cash flows (60% cash payout ratio). The dividend has increased by an average of 18% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 15% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
공고 • Nov 08Canadian Natural Resources Limited Declares Quarterly Cash Dividend, Payable on January 6, 2026Canadian Natural Resources Limited announced that its Board of Directors has declared a quarterly cash dividend on its common shares of CAD 0.5875 per share. The dividend will be payable on January 6, 2026 to shareholders of record at the close of business on December 12, 2025.
Reported Earnings • Nov 07Third quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2025 results: EPS: CA$0.29 (down from CA$1.07 in 3Q 2024). Revenue: CA$9.52b (up 7.0% from 3Q 2024). Net income: CA$600.0m (down 74% from 3Q 2024). Profit margin: 6.3% (down from 26% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) missed analyst estimates by 63%. Revenue is expected to decline by 1.1% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in the US are expected to grow by 3.1%. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.
공고 • Nov 04Canadian Natural Resources Limited Updates Production Guidance for the Year 2025Canadian Natural Resources Limited updated production guidance for the year 2025. For the year, the company expects to update 2025 production guidance with the addition of the 31,000 bbl/d from the swap transaction, included effective November 1, 2025, which results in current production volumes of approximately 1,670 MBOE/d. Annual 2025 production guidance is now targeted to be between 1,560 MBOE/d and 1,580 MBOE/d and represents production growth in 2025 of approximately 207 MBOE/d or 15% over 2024 production levels, based on the mid-point of the updated guidance.
New Risk • Oct 08New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.4% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.4% per year for the foreseeable future. Minor Risk High level of debt (41% net debt to equity).
공고 • Oct 03Canadian Natural Resources Limited to Report Q3, 2025 Results on Nov 06, 2025Canadian Natural Resources Limited announced that they will report Q3, 2025 results on Nov 06, 2025
Upcoming Dividend • Sep 12Upcoming dividend of CA$0.59 per shareEligible shareholders must have bought the stock before 19 September 2025. Payment date: 03 October 2025. Payout ratio is a comfortable 71% and this is well supported by cash flows. Trailing yield: 5.4%. Within top quartile of American dividend payers (4.4%). Higher than average of industry peers (4.0%).
New Risk • Aug 15New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 41% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.9% per year for the foreseeable future. Minor Risk High level of debt (41% net debt to equity).
Declared Dividend • Aug 10Second quarter dividend of CA$0.59 announcedShareholders will receive a dividend of CA$0.59. Ex-date: 19th September 2025 Payment date: 3rd October 2025 Dividend yield will be 6.0%, which is higher than the industry average of 4.5%. Sustainability & Growth Dividend is covered by both earnings (71% earnings payout ratio) and cash flows (62% cash payout ratio). The dividend has increased by an average of 18% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 2.4% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Aug 08Second quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2025 results: EPS: CA$1.17 (up from CA$0.80 in 2Q 2024). Revenue: CA$8.70b (down 3.9% from 2Q 2024). Net income: CA$2.46b (up 43% from 2Q 2024). Profit margin: 28% (up from 19% in 2Q 2024). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) exceeded analyst estimates by 81%. Revenue is forecast to stay flat during the next 3 years compared to a 3.5% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.
공고 • Aug 08Canadian Natural Resources Limited to Report Q2, 2025 Results on Aug 07, 2025Canadian Natural Resources Limited announced that they will report Q2, 2025 results Pre-Market on Aug 07, 2025
New Risk • Aug 07New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 4.7% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 4.7% per year for the foreseeable future. Minor Risk High level of debt (43% net debt to equity).
Upcoming Dividend • Jun 06Upcoming dividend of CA$0.59 per shareEligible shareholders must have bought the stock before 13 June 2025. Payment date: 03 July 2025. Payout ratio is a comfortable 61% and this is well supported by cash flows. Trailing yield: 5.4%. Within top quartile of American dividend payers (4.8%). Higher than average of industry peers (4.2%).
Declared Dividend • May 11First quarter dividend of CA$0.59 announcedShareholders will receive a dividend of CA$0.59. Ex-date: 13th June 2025 Payment date: 3rd July 2025 Dividend yield will be 5.8%, which is higher than the industry average of 4.5%. Sustainability & Growth Dividend is covered by both earnings (60% earnings payout ratio) and cash flows (53% cash payout ratio). The dividend has increased by an average of 18% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 9.6% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • May 09First quarter 2025 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2025 results: EPS: CA$1.17 (up from CA$0.46 in 1Q 2024). Revenue: CA$10.9b (up 33% from 1Q 2024). Net income: CA$2.46b (up 149% from 1Q 2024). Profit margin: 23% (up from 12% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 7.3%. Earnings per share (EPS) also surpassed analyst estimates by 6.2%. Revenue is forecast to stay flat during the next 3 years compared to a 3.7% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
공고 • May 09Canadian Natural Resources Limited Declares Quarterly Cash Dividend, Payable on July 3, 2025Canadian Natural Resources Limited declared a quarterly cash dividend on its common shares of CAD 0.5875 per common share. The quarterly dividend will be payable on July 3, 2025 to shareholders of record at the close of business on June 13, 2025.
Seeking Alpha • Apr 28Canadian Natural Resource: With 33 Years Of Reserves And Output Expansion, Is The Company Undervalued?Summary The company has proven reserves for 33 years. Consequently, CNQ will save financial resources in business acquisitions for several years. CNQ expects to increase its oil and gas production by 12.44% in 2025, indicating that the company will expand its operations. The conservative DCF model suggests that the company is overvalued by 19.92%, while the neutral DCF model indicates that CNQ experienced an undervaluation of 31.97%. In the last four years, CNQ paid, on average, a 4.56% dividend yield. Read the full article on Seeking Alpha
Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to US$25.14, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 9x in the Oil and Gas industry in the US. Total loss to shareholders of 8.5% over the past three years.
공고 • Apr 07Canadian Natural Resources Limited to Report Q1, 2025 Results on May 08, 2025Canadian Natural Resources Limited announced that they will report Q1, 2025 results Pre-Market on May 08, 2025
Seeking Alpha • Mar 26Canadian Natural Resources Stands Out In A Trade WarSummary Canadian Natural Resources has been impacted by trade war concerns and weak prices but reported strong 4Q earnings, indicating potential for high shareholder returns. The company's robust reserves and financial results support a positive investment outlook. Despite market challenges, Canadian Natural Resources is positioned to deliver substantial shareholder value. Investors should consider the risks but recognize the company's strong fundamentals and future potential. Read the full article on Seeking Alpha
Declared Dividend • Mar 09Fourth quarter dividend of CA$0.59 announcedShareholders will receive a dividend of CA$0.59. Ex-date: 21st March 2025 Payment date: 4th April 2025 Dividend yield will be 6.2%, which is higher than the industry average of 4.5%. Sustainability & Growth Dividend is covered by both earnings (74% earnings payout ratio) and cash flows (62% cash payout ratio). The dividend has increased by an average of 18% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 36% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
공고 • Mar 08Canadian Natural Resources Limited Announces Quarterly Cash Dividend, Payable on April 4, 2025Canadian Natural Resources Limited announces that its Board of Directors approved a 4% increase to its quarterly cash dividend on its common shares to CAD 0.5875 (fifty-eight and three quarter cents) per common share, up from the previous quarterly cash dividend of CAD 0.5625 (fifty-six and one quarter cents) per common share. The dividend will be payable on April 4, 2025 to shareholders of record at the close of business on March 21, 2025.
Reported Earnings • Mar 07Full year 2024 earnings: EPS misses analyst expectationsFull year 2024 results: EPS: CA$2.87 (down from CA$3.77 in FY 2023). Revenue: CA$35.7b (flat on FY 2023). Net income: CA$6.11b (down 26% from FY 2023). Profit margin: 17% (down from 23% in FY 2023). Combined production Oil equivalent production: 426.382 MMboe (424.065 MMboe in FY 2023) Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 16%. Revenue is forecast to grow 1.2% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.
Seeking Alpha • Mar 02Canadian Natural Resources: Tariff Risk Largely Mitigated By Crashing Canadian DollarSummary Tariffs on Canadian oil may raise US refinery costs and gasoline prices, but the low CAD-USD exchange rate mitigates the impact. CNQ's valuation is attractive, with a forward P/E of 11.1X, EV/EBITDA of 5.6X, and a high dividend yield of 5.5%. Despite tariff risks, CNQ's diversified production and strategic investments position it well for long-term growth, especially if geopolitical tensions rise. CNQ's recent declines present a buying opportunity for long-term investors, as tariffs are likely a temporary "lose-lose" situation for both the US and Canadian economies. If Tariffs go into effect and remain, I expect the CAD-USD will fall by over 10%, offsetting the impact on Canadian energy exporters. Read the full article on Seeking Alpha
공고 • Feb 25Canadian Natural Resources Limited, Annual General Meeting, May 08, 2025Canadian Natural Resources Limited, Annual General Meeting, May 08, 2025. Location: alberta, calgary Canada
공고 • Jan 30Canadian Natural Resources Limited to Report Q4, 2024 Results on Mar 06, 2025Canadian Natural Resources Limited announced that they will report Q4, 2024 results on Mar 06, 2025
Seeking Alpha • Jan 24Canadian Natural Resources: Tariffs And Bearish Technicals Make It A Strong SellSummary CNQ stock is a strong sell due to net bearish technicals, overvaluation, and imminent political headwinds from Trump's tariffs on Canadian energy. The stock's chart shows a strong downtrend with more resistance levels than support, indicating further downside potential. Recent earnings reveal weak financial performance with negative revenue and EPS growth, yet P/S and P/E ratios remain unjustifiably high. Trump's impending 25% tariffs on Canadian energy exports will severely impact CNQ, exacerbating its already precarious financial situation. Read the full article on Seeking Alpha
Seeking Alpha • Jan 14Canadian Natural Resources: Excellent Growth In 2025Summary Canadian Natural Resources Limited will achieve double-digit production growth in 2025 through M&A and organic investments, making it a standout in the low-growth energy sector. Political changes in the US and Canada could favorably impact Canadian Natural Resources, potentially boosting revenues and reducing operational risks. The company’s valuation is highly attractive, with a forward EV/EBITDA multiple under 6 and a dividend yield around 5%, making it a compelling buy. Strong free cash flow generation and shareholder-friendly policies, including dividends and buybacks, enhance the investment appeal of Canadian Natural Resources. Read the full article on Seeking Alpha
공고 • Jan 10Canadian Natural Resources Limited Provides Production Guidance for the Year 2025Canadian Natural Resources Limited provided production guidance for the year 2025. For the period, the company's production guidance range is approximately 1.510 million to 1.555 million BOEs per day with a breakdown of 2.425 to 2.480 Bcf per day of natural gas and total liquids of 1.106 to 1.142 million barrels per day. This represents growth of approximately 170,000 BOEs per day or 12% from the 2024 based on midpoint of guidance.
Seeking Alpha • Dec 26Canadian Natural Resources: How We Would Play 2025Summary Canadian Natural Resources Limited has consistently performed well, but its post-pandemic valuation was too high for our taste. On the previous coverage, we had suggested a covered call as an alternative to paying up for the company. We analyze that trade and the current valuations. Read the full article on Seeking Alpha
Seeking Alpha • Dec 10Canadian Natural Resources: Pullback Is A Golden Opportunity For Value InvestorsSummary CNQ offers a 5% dividend yield, supported by a robust asset base, consistent production growth, and disciplined cost management, making it attractive for income and value investors. Strategic acquisitions, including Chevron's interests in the Athabasca Oil Sands Project and the Duvernay play, position CNQ for sustainable cash flow and near-term growth. With a 25-year streak of dividend increases, a low debt-to-EBITDA ratio, and a forward PE below its historical average, CNQ is attractively valued. Despite near-term risks like commodity price volatility and regulatory challenges, CNQ's diversified production and expansion strategies make it a resilient pick for long-term investors. Read the full article on Seeking Alpha
Upcoming Dividend • Dec 06Upcoming dividend of CA$0.56 per shareEligible shareholders must have bought the stock before 13 December 2024. Payment date: 03 January 2025. Payout ratio is a comfortable 58% and this is well supported by cash flows. Trailing yield: 4.6%. Within top quartile of American dividend payers (4.2%). Higher than average of industry peers (3.9%).
Seeking Alpha • Nov 26Canadian Natural Resources: Prioritizing Shareholder ValueSummary CNQ's low-cost, efficient operations and strong asset base ensure best-in-class profitability and disciplined capital allocation, driving growth and shareholder value. CNQ's robust financial position, low leverage, and ample liquidity maintain investment-grade credit ratings, enabling strategic investments and acquisitions. CNQ offers a 4.62% forward dividend yield with a 22.7% five-year dividend CAGR, making it ideal for dividend growth investors. Despite the rise of renewable energy, fossil fuels will dominate for decades, positioning CNQ well in the global energy mix. Read the full article on Seeking Alpha
Seeking Alpha • Nov 08Canadian Natural Resources Q3: Another Solid QuarterSummary Canadian Natural Resources reported another quarter of solid results, with adjusted funds flow of C$3.9 billion. Canadian Natural reported oil sands operating costs of $15.16/bo. With an all-in, dividend-covered breakeven in the low $40s WTI, its dividends remain secure. Increased contracted crude transport capacity, planned organic growth, and recent Chevron acquisitions pave the way for future production growth. The recent pullback in Canadian Natural's share price amid weak oil prices gives dividend growth investors a chance to add to their positions. Read the full article on Seeking Alpha
Reported Earnings • Nov 01Third quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2024 results: EPS: CA$1.07 (down from CA$1.08 in 3Q 2023). Revenue: CA$8.89b (down 10% from 3Q 2023). Net income: CA$2.27b (down 3.3% from 3Q 2023). Profit margin: 26% (up from 24% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) exceeded analyst estimates by 17%. Revenue is forecast to stay flat during the next 3 years compared to a 2.8% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings.
Seeking Alpha • Oct 31Top Pick Alert: Why I Just Became Even More Bullish On Canadian Natural ResourcesSummary Canadian Natural Resources Limited offers standout value with vast, low-cost reserves, efficient oil sands operations, and a 25-year dividend growth streak for shareholders. The Chevron acquisition bolsters CNQ’s production, adding high-quality assets and nearly 10% output growth while securing long-term, low-cost oil supply. Though the payout drops to 60%, CNQ’s enhanced cash flow makes up for it. Once debt reduces, investors should see 100% free cash flow returns again. Read the full article on Seeking Alpha
Seeking Alpha • Oct 19Canadian Natural Resources Is Growing Its AssetsSummary Canadian Natural Resources' $6.5 billion acquisition of Chevron's Canadian assets enhances its production capacity and aligns well with existing operations, ensuring long-term growth. The acquisition, funded through cash, avoids dilution and strengthens shareholder returns, with 1.5 billion barrels of reserves and 122.5 thousand barrels/day production. The company boasts a diversified asset portfolio with substantial reserves, targeting significant production growth, supported by a stable $70/barrel WTI assumption. Despite potential risks from fluctuating oil prices, Canadian Natural Resources' strong balance sheet and nearly 5% dividend yield make it a valuable long-term investment. Read the full article on Seeking Alpha
Declared Dividend • Oct 09Dividend of CA$0.53 announcedShareholders will receive a dividend of CA$0.53. Ex-date: 13th December 2024 Payment date: 3rd January 2025 Dividend yield will be 5.7%, which is higher than the industry average of 4.5%. Sustainability & Growth Dividend is covered by both earnings (56% earnings payout ratio) and cash flows (43% cash payout ratio). The dividend has increased by an average of 18% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 16% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Seeking Alpha • Oct 09New Acquisition Makes Canadian Natural Resources A Very Comfortable HoldSummary Canadian Natural Resources' acquisition of Chevron's Alberta assets boosts production by 122,500 BOE/day, enhancing free cash flow and solidifying market position. The company’s new capital allocation policy prioritizes debt reduction, with 60% of free cash flow to shareholders until net debt hits $12 billion. Despite a higher P/E ratio, CNQ's strong dividend yield of 4.5% and superior net profit margin make it a valuable hold at current prices. Given current valuations, CNQ is a hold; a buy recommendation would require a higher discount and lower share price for better value. Read the full article on Seeking Alpha
공고 • Oct 07Canadian Natural Resources Limited Declares Quarterly Cash Dividend, Payable on January 3, 2025Canadian Natural Resources Limited have agreed to increase the quarterly cash dividend by 7% to $0.5625 per common share, up from the previous quarterly cash dividend of $0.525 per common share. The dividend will be payable on January 3, 2025 to shareholders of record at the close of business on December 13, 2024.
공고 • Oct 01Canadian Natural Resources Limited to Report Q3, 2024 Results on Oct 31, 2024Canadian Natural Resources Limited announced that they will report Q3, 2024 results on Oct 31, 2024
Seeking Alpha • Sep 06Why Canadian Natural Resources Is A Dividend GoldmineSummary Cyclical stocks like Canadian Natural Resources offer value, especially for patient retail investors who can buy when valuations are favorable. CNQ is appealing due to its large, long-life, low-decline oil sands reserves, resulting in lower maintenance costs and high free cash flows. CNQ achieved strong Q2 2024 production, including a 12% YoY increase in thermal production and a 16% YoY rise in synthetic crude oil production. With a strong reserve life of 44 years and ongoing operational efficiencies, CNQ is well-positioned for increased production and shareholder returns. Read the full article on Seeking Alpha
Upcoming Dividend • Sep 06Upcoming dividend of CA$0.53 per shareEligible shareholders must have bought the stock before 13 September 2024. Payment date: 04 October 2024. Payout ratio is a comfortable 56% and this is well supported by cash flows. Trailing yield: 4.6%. Within top quartile of American dividend payers (4.4%). Higher than average of industry peers (4.1%).
Declared Dividend • Aug 04Second quarter dividend of CA$0.53 announcedShareholders will receive a dividend of CA$0.53. Ex-date: 13th September 2024 Payment date: 4th October 2024 Dividend yield will be 7.3%, which is higher than the industry average of 4.5%. Sustainability & Growth Dividend is covered by both earnings (52% earnings payout ratio) and cash flows (43% cash payout ratio). The dividend has increased by an average of 24% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 19% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Aug 02Second quarter 2024 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2024 results: EPS: CA$0.80 (up from CA$0.67 in 2Q 2023). Revenue: CA$9.05b (up 15% from 2Q 2023). Net income: CA$1.72b (up 17% from 2Q 2023). Profit margin: 19% (in line with 2Q 2023). Revenue exceeded analyst estimates by 6.7%. Earnings per share (EPS) also surpassed analyst estimates by 4.7%. Revenue is expected to decline by 1.6% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in the US are expected to grow by 2.5%. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth.
Seeking Alpha • Aug 0210% Return Yield At $80 WTI: Why Canadian Natural Remains My Favorite Oil StockSummary Canadian Natural Resources Limited outperformed its peers, benefiting from strong reserves and low-cost operations. Recent market weakness offers a buying opportunity. Canadian Natural Resources Limited has a proven reserve life of 33 years, low breakeven costs, and efficient oil sands production, ensuring stability and strong shareholder returns. Despite global economic fears, Canadian Natural Resources Limited's solid financials and commitment to dividends and buybacks make it a compelling investment for long-term growth. Read the full article on Seeking Alpha
Seeking Alpha • Jul 17Canadian Natural Resources: One Of The Best Oil And Gas YieldsSummary Canadian Natural Resources Limited offers one of the strongest shareholder yields in the oil and gas industry, with substantial growth potential. Positive macro outlook for the Company due to firming oil prices, improved transportation capacity, and potential Fed rate cuts. CNQ is expected to report strong earnings, with revenue and earnings growth and high cash flow generation. Read the full article on Seeking Alpha
공고 • Jul 04Canadian Natural Resources Limited to Report Q2, 2024 Results on Aug 01, 2024Canadian Natural Resources Limited announced that they will report Q2, 2024 results on Aug 01, 2024
Seeking Alpha • Jun 26Canadian Natural Resources Advantage: Low Breakeven Costs, High Reserves, And Strong Shareholder ReturnsSummary Canadian Natural Resources is the largest Canadian oil company with shares up 162% in the past five years. The company operates primarily in Canadian oil sands, has extensive reserves, and benefits from the Trans Mountain Pipeline expansion. With vast reserves, a low breakeven price, and a commitment to strong shareholder returns CNQ is a buy. Read the full article on Seeking Alpha
Seeking Alpha • Jun 12Canadian Natural Resources: Rising Premium To Peer Group Points To Lower Relative PerformanceSummary Now that supply has stagnated, I expect US oil output to falter due to low capital investment levels from most producers. With the Biden administration and OPEC creating a long-term oil price floor of ~$80 per barrel, exploration and development companies may have improved risk-reward profiles. My long-term favorite, Canadian Natural Resources, is starting to appear overvalued after rising despite no significant improvement in oil or natural gas prices. Although M&A hopes are high, investors may be better off in their cheaper peers, which now have room to raise their dividends considerably. Geopolitical issues in oil-producing areas and the political situation regarding the SPR reserve may cause more significant oil price fluctuations over the coming year. Read the full article on Seeking Alpha
Upcoming Dividend • Jun 10Upcoming dividend of CA$0.53 per shareEligible shareholders must have bought the stock before 17 June 2024. Payment date: 05 July 2024. Payout ratio is a comfortable 56% and this is well supported by cash flows. Trailing yield: 4.3%. Lower than top quartile of American dividend payers (4.8%). In line with average of industry peers (4.1%).
Declared Dividend • May 05First quarter dividend of CA$1.05 announcedShareholders will receive a dividend of CA$1.05. Ex-date: 17th June 2024 Payment date: 5th July 2024 Dividend yield will be 4.3%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (54% earnings payout ratio) and cash flows (49% cash payout ratio). The dividend has increased by an average of 24% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 33% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • May 03First quarter 2024 earnings: EPS misses analyst expectationsFirst quarter 2024 results: EPS: CA$0.92 (down from CA$1.64 in 1Q 2023). Revenue: CA$8.24b (down 4.5% from 1Q 2023). Net income: CA$987.0m (down 45% from 1Q 2023). Profit margin: 12% (down from 21% in 1Q 2023). The decrease in margin was primarily driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 36%. Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth.
Seeking Alpha • May 02Canadian Natural Resources: My Top Pick For North American Oil And GasSummary Canadian Natural Resources is a top choice for oil and gas exposure, with deep reserves, low decline rates, and competitive breakeven prices. Canadian Natural Resources is committed to maximizing shareholder returns, distributing every penny of free cash flow, increasing dividends, and occasionally offering special dividends. The completion of the Trans Mountain pipeline project is expected to improve takeaway capacity and reduce the price difference between WCS and WTI, benefiting Canadian producers like CNQ. Read the full article on Seeking Alpha
Seeking Alpha • Apr 06Canadian Natural Resources: Expect Huge Shareholder ReturnsSummary Canadian Natural Resources has achieved its net debt target, allowing the company to return more cash to its owners. Oil prices have risen considerably in recent months, benefiting Canadian Natural Resources and other oil producers. The start-up of the Trans Mountain pipeline will have a positive impact on Canadian oil prices, benefiting Canadian Natural Resources. Read the full article on Seeking Alpha
공고 • Apr 02Canadian Natural Resources Limited to Report Q1, 2024 Results on May 02, 2024Canadian Natural Resources Limited announced that they will report Q1, 2024 results on May 02, 2024
Seeking Alpha • Mar 22Canadian Natural Resources: Fully Priced, Good Time To Consider SwitchingSummary Canadian Natural Resources is the largest and highest-quality Canadian O&G producer, with a recent strong stock performance. CNQ recently achieved its debt target and switched to 100% FCF payout to shareholders via dividends and buybacks. After the stock run-up, CNQ became one of the few fully priced names in the Canadian O&G space. With the higher stock price, there is strong insider selling, sending a bad signal to the market. There are better opportunities with high-quality names in the Canadian O&G sector, which I believe will outperform CNQ in the next 3-5 years. Read the full article on Seeking Alpha
Recent Insider Transactions • Mar 18Executive Chairman recently sold US$18m worth of stockOn the 13th of March, Norman Edwards sold around 252k shares on-market at roughly US$73.09 per share. This transaction amounted to 1.2% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth US$31m. Norman has been a net seller over the last 12 months, reducing personal holdings by US$62m.
Upcoming Dividend • Mar 07Upcoming dividend of CA$1.05 per shareEligible shareholders must have bought the stock before 14 March 2024. Payment date: 05 April 2024. Payout ratio is a comfortable 49% and this is well supported by cash flows. Trailing yield: 4.3%. Lower than top quartile of American dividend payers (4.7%). In line with average of industry peers (4.3%).
Declared Dividend • Mar 04Fourth quarter dividend of CA$1.05 announcedShareholders will receive a dividend of CA$1.05. Ex-date: 14th March 2024 Payment date: 5th April 2024 Dividend yield will be 4.4%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (49% earnings payout ratio) and cash flows (60% cash payout ratio). The dividend has increased by an average of 24% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 27% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Mar 01Full year 2023 earnings: EPS exceeds analyst expectationsFull year 2023 results: EPS: CA$7.54 (down from CA$9.64 in FY 2022). Revenue: CA$36.0b (down 15% from FY 2022). Net income: CA$8.23b (down 25% from FY 2022). Profit margin: 23% (down from 26% in FY 2022). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.3%. Revenue is forecast to grow 1.8% p.a. on average during the next 2 years, compared to a 1.7% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 35% per year whereas the company’s share price has increased by 32% per year.
공고 • Mar 01Canadian Natural Resources Limited Declares Cash Dividend, Payable on April 5, 2024Canadian Natural Resources Limited announces that its Board of Directors approved a 5% increase to its quarterly cash dividend on its common shares to CAD 1.05 (One dollar and five cents) per common share. The dividend will be payable on April 5, 2024 to shareholders of record at the close of business on March 15, 2024.
공고 • Feb 18Canadian Natural Resources Limited, Annual General Meeting, May 02, 2024Canadian Natural Resources Limited, Annual General Meeting, May 02, 2024.
Seeking Alpha • Feb 07Canadian Natural: Solid Performance, But Valuation Remains A HeadwindSummary Canadian Natural Resources Limited showed a strong operational performance and raised its dividend by 11% in Q3-2023. CNQ's budget for 2024 is $5.42 billion, with a focus on liquids growth and a 3-7% growth per share in production. The company has some wood to chop to get valuation in line with peers. We tell you how we would play it for the year ahead. Read the full article on Seeking Alpha
공고 • Feb 02Canadian Natural Resources Limited to Report Q4, 2023 Results on Feb 29, 2024Canadian Natural Resources Limited announced that they will report Q4, 2023 results Pre-Market on Feb 29, 2024
Seeking Alpha • Jan 12A 12% Distribution Yield At $80 WTI Is Why I Sold Exxon To Buy Canadian Natural ResourcesSummary I prefer to focus on finding buying opportunities rather than stocks to sell or avoid among the thousands of stock-listed companies in the world. I have shifted my investment from Exxon Mobil to Canadian Natural Resources due to the latter's better potential for shareholder value and strong position in the energy sector. Canadian Natural Resources has substantial proven reserves, low decline rates, and a commitment to returning cash to shareholders, making it a preferred choice over Exxon Mobil. Read the full article on Seeking Alpha
Recent Insider Transactions • Jan 08Executive Chairman recently sold US$31m worth of stockOn the 3rd of January, Norman Edwards sold around 470k shares on-market at roughly US$66.23 per share. This transaction amounted to 2.1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Norman has been a net seller over the last 12 months, reducing personal holdings by US$55m.
Seeking Alpha • Jan 04Canadian Natural Resources: Dividend Increases And Share Buybacks Holding Up Valuation Despite Deteriorating FundamentalsSummary Canadian Natural Resources has seen a significant increase in dividends and share repurchases in the past two years, surpassing previous levels. CNQ's stock has performed exceptionally well in 2023 despite declines in oil prices and the struggles of other Canadian oil peers. This divergence raises questions around CNQ's current valuation and we believe either the stock price may deteriorate in near term or the magnitude of dividend increases slows down. While investors who believe in increasing oil and gas prices should certainly have CNQ in their portfolio, long-horizon value investors may want to wait on the sidelines for a more opportune entry point. Read the full article on Seeking Alpha
Upcoming Dividend • Nov 30Upcoming dividend of CA$1.00 per share at 4.4% yieldEligible shareholders must have bought the stock before 07 December 2023. Payment date: 05 January 2024. Payout ratio is a comfortable 55% and this is well supported by cash flows. Trailing yield: 4.4%. Lower than top quartile of American dividend payers (4.9%). In line with average of industry peers (4.5%).
Recent Insider Transactions • Nov 13Independent Director recently sold US$24m worth of stockOn the 9th of November, Steve Laut sold around 384k shares on-market at roughly US$62.84 per share. This transaction amounted to 46% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth US$25m. Insiders have been net sellers, collectively disposing of US$95m more than they bought in the last 12 months.
Seeking Alpha • Nov 11Canadian Natural Resources: 2024, The Year Of The ShareholderSummary Canadian Natural Resources reported strong Q3 numbers with record production and an 11% dividend increase. The company has increased its base dividend for 24 straight years and is expected to continue rewarding shareholders as debt targets are achieved. The stock price has responded positively to tests and is setting higher highs and higher lows, making it a bullish investment. Read the full article on Seeking Alpha
공고 • Nov 05Canadian Natural Resources Limited Declares Quarterly Dividend, Payable on January 5, 2024; Provides Dividend Guidance for the Year 2023Canadian Natural Resources Limited announced that the Board of Directors has approved an 11% increase to quarterly dividend to $1.00 per common share, from $0.90 per common share, payable on January 5, 2024 to shareholders of record on December 8, 2023. With this increase announced on November 2, 2023, the Company has increased its dividend by 18% in 2023 to $4.00 per share annually. As a result, the Company's leading track record of dividend increases continues, as this increase will mark 2024 as the 24th consecutive year of dividend increases, with a CAGR of 21% over that time.
Seeking Alpha • Nov 04>16% Yield Potential - Why I Believe Canadian Natural Is The Best Oil Stock Money Can BuySummary Canadian Natural Resources (CNQ) has seen a 6% increase in its stock price following strong earnings and a positive outlook. The company has the potential for special dividends and buybacks next year if oil prices remain elevated. I favor CNQ as an oil investment due to its strong operations, deep inventories, and emphasis on shareholder distributions. Read the full article on Seeking Alpha
공고 • Nov 04Canadian Natural Resources Limited Announces Executive ChangesTim McKay will assume the role of vice-chair and Scott Stauth, currently chief operating officer, Oil Sands, will be promoted to president of Canadian Natural Resources Limited. The change will happen at Canadian Natural's 2023 year-end board meeting on Feb. 28, 2024. The company will continue to focus on controlling costs and being financially disciplined, according to management. Stauth has been with Canadian Natural for 26 years in increasingly responsible management roles across all operations in Canada. Stauth, as chief operating officer, Oil Sands, has played an integral role in delivering top tier performance across all of the company’s oilsands operations, it said. As vice-chair, McKay will support the management transition until his retirement in summer 2024. In addition, as part of the succession plan, Jay Froc, currently senior vice-president Oil Sands Mining and Upgrading, will be promoted to chief operating officer, Oil Sands on Jan. 1, 2024. Froc has been with Canadian Natural for 10 years. Trevor Cassidy, chief operating officer, E&P, after over 23 years of contributing to the company's success will be retiring in Q4/23, at which time Robin Zabek, currently senior vice-president Exploitation E&P, will be promoted to chief operating officer, E&P. Zabek has been with Canadian Natural for 20 years.
Reported Earnings • Nov 03Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2023 results: EPS: CA$2.15 (down from CA$2.52 in 3Q 2022). Revenue: CA$9.90b (down 5.4% from 3Q 2022). Net income: CA$2.34b (down 17% from 3Q 2022). Profit margin: 24% (down from 27% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 4.5%. Earnings per share (EPS) missed analyst estimates by 9.9%. Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has increased by 60% per year, which means it is tracking significantly ahead of earnings growth.
공고 • Oct 02Canadian Natural Resources Limited to Report Q3, 2023 Results on Nov 02, 2023Canadian Natural Resources Limited announced that they will report Q3, 2023 results Pre-Market on Nov 02, 2023