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Canadian Natural Resources: Q2 Earnings Snapshot
Record output and stronger crude prices lifted adjusted profit to $2.19 per share, topping analysts’ estimates and supporting a second forecast increase.
- On Thursday, Canadian Natural Resources Ltd. beat profit estimates and raised its full-year production forecast for the second time this year, driven by record output and stronger crude prices.
- Canadian Natural posted a second-quarter profit of $4.5 billion, up from $2.5 billion last year, while adjusted earnings of $2.19 per share surpassed the average analyst estimate of $1.90 per share.
- Quarterly production hit a record 1.68 million boepd, up from 1.42 million boepd last year, prompting the company to raise its 2026 forecast to between 1.637 million and 1.682 million boepd.
- Synthetic crude traded at an average premium of $8.37 per barrel to West Texas Intermediate crude, buoyed by strong refinery demand, Middle East supply disruptions, and production impacts across Western Canada.
- Competitors Cenovus Energy and Imperial Oil reported second-quarter profits more than doubled, reflecting broader industry trends of higher crude prices and sustained supply concerns across the sector.
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Canadian Natural reports higher Q2 profit, ups production guidance for the year
CALGARY — Canadian Natural Resources Ltd. reported a second-quarter profit of $4.5 billion, up from $2.5 billion in the same quarter last year. The company says the profit amounted to $2.
·Canmore, Canada
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·London, United Kingdom
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Coverage Details
Total News Sources13
Leaning Left4Leaning Right2Center4Last UpdatedBias Distribution40% Left, 40% Center
Bias Distribution
- 40% of the sources lean Left, 40% of the sources are Center
40% Center
L 40%
C 40%
R 20%
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