Canadian Natural Resources Reports Q4 Earnings Decline

Canadian Natural Resources sees a significant drop in earnings. Q4 net earnings fall to C$1.14 billion, down from C$2.63 billion last year, impacting investor sentiment and stock performance.

Date: 06-03-2025

AI Rating: 4

Earnings Per Share (EPS)
Canadian Natural Resources reported a decline in earnings per share for the fourth quarter, falling to C$0.54 from C$1.21 a year prior. Additionally, adjusted earnings per share also saw a decrease to C$0.93 from C$1.17, which is below analyst expectations of C$0.95.

Net Income
The company's net income for the fourth quarter dropped to C$1.14 billion, significantly lower than the previous year's figure of C$2.63 billion. This sharp decline may raise concerns among investors regarding the company’s profitability.

Production
On a somewhat positive note, the company achieved a quarterly average production rate of 1,470,428 BOE/d, showing a 4% increase from the previous year. This included record liquid production of 1,090,002 bbl/d and natural gas production of 2,283 MMcf/d, which could indicate operational strength despite lower earnings.

Stocks: CNQ