Canadian Natural Resources Beats Q3 Earnings Estimates Amid Record Production
Key Facts
Canadian Natural Resources reported adjusted earnings of $1.18 per share for the third quarter of 2026, beating analyst estimates of $1.05. Newsfile Corp reported that the company achieved record total production of approximately 1,652,000 BOE/d, while generating C$2.1 billion in free cash flow.
CNQ closed at $49.64 on November 4, 2026, as results showed liquids production reached 1,217,000 bbl/d and natural gas output totaled 2.6 Bcf/d. This financial performance coincided with official data showing a Canadian trade balance surplus of 5.35 billion on November 4, 2026.
Latest Updates · 1
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Update: Canadian Natural Resources generated C$5.5 billion in adjusted funds flow from operations during the third quarter of 2026. The company also maintained its previously issued production outlook for the full year 2026.