Canadian Natural Resources Reports Q3 Revenue Beat and Maintains 2026 Production Guidance
Canadian Natural Resources (CNQ) reported third-quarter financial results characterized by a significant year-over-year revenue increase of 34.3%, reaching C$12.79 billion. While the company's revenue exceeded market expectations by C$440 million, its non-GAAP earnings per share (EPS) of C$1.45 fell slightly short of estimates by C$0.04. Despite the minor EPS miss, the company reaffirmed its long-term operational outlook. Canadian Natural Resources maintained its 2026 production guidance, targeting a total volume of 1.637M–1.682M barrels of oil equivalent per day (boe/day), with liquids production expected to range between 1.204M and 1.243M barrels per day (bbl/day).
Tickers: $CNQ
Topics: earnings miss oil and gas production guidance revenue beat
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