Canadian Beats on Q3 Earnings & Revenues, Increases Dividend
CNQCanadian Natural Resources(CNQ) ZACKS·2024-11-14 22:36

Canadian Natural Resources Limited (CNQ) reported third-quarter 2024 adjusted earnings per share of 71 cents, which beat the Zacks Consensus Estimate of 67 cents. This outperformance can be attributed to decreased year-over-year expenses in the quarter. However, the bottom line declined from 97 cents in the year-ago quarter due to lower production and weaker commodity prices.Total revenues of $6.5 billion depreciated from $7.4 billion recorded in the prior-year period due to reduced product sales. However, ...