Canadian Natural Resources (CNQ) Expected to Release Quarterly Earnings on Thursday

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) is expected to be releasing its Q2 2026 results before the market opens on Thursday, August 6th. Analysts expect the company to post earnings of $1.43 per share and revenue of $9.4033 billion for the quarter. Interested persons may review the information on the company’s upcoming Q2 2026 earning summary page for the latest details on the call scheduled for Thursday, August 6, 2026 at 11:00 AM ET.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last released its earnings results on Thursday, May 7th. The oil and gas producer reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.11. The business had revenue of $7.72 billion during the quarter, compared to analyst estimates of $7.57 billion. Canadian Natural Resources had a net margin of 22.04% and a return on equity of 17.49%. During the same quarter in the prior year, the firm earned $1.16 earnings per share. On average, analysts expect Canadian Natural Resources to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Canadian Natural Resources Price Performance

Shares of NYSE CNQ opened at $46.49 on Thursday. The firm has a 50-day simple moving average of $43.73 and a 200-day simple moving average of $43.58. The stock has a market capitalization of $96.50 billion, a price-to-earnings ratio of 13.88 and a beta of 0.47. The company has a quick ratio of 0.68, a current ratio of 0.98 and a debt-to-equity ratio of 0.37. Canadian Natural Resources has a 52 week low of $29.30 and a 52 week high of $51.34.

Canadian Natural Resources Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 7th. Investors of record on Tuesday, June 23rd were given a dividend of $0.625 per share. The ex-dividend date was Tuesday, June 23rd. This represents a $2.50 dividend on an annualized basis and a yield of 5.4%. Canadian Natural Resources’s payout ratio is presently 54.03%.

Hedge Funds Weigh In On Canadian Natural Resources

A number of institutional investors have recently bought and sold shares of the company. Sunbelt Securities Inc. purchased a new stake in shares of Canadian Natural Resources during the 4th quarter valued at approximately $25,000. Compound Planning Inc. lifted its holdings in Canadian Natural Resources by 9.6% in the fourth quarter. Compound Planning Inc. now owns 26,778 shares of the oil and gas producer’s stock valued at $906,000 after acquiring an additional 2,349 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its position in Canadian Natural Resources by 2.6% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 18,975 shares of the oil and gas producer’s stock worth $642,000 after acquiring an additional 472 shares during the period. Wahed Invest LLC grew its position in Canadian Natural Resources by 20.4% in the fourth quarter. Wahed Invest LLC now owns 45,592 shares of the oil and gas producer’s stock worth $1,546,000 after acquiring an additional 7,731 shares during the period. Finally, EP Wealth Advisors LLC acquired a new stake in Canadian Natural Resources during the fourth quarter worth $479,000. 74.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Desjardins raised shares of Canadian Natural Resources to a “hold” rating in a research note on Thursday, July 16th. Weiss Ratings lowered shares of Canadian Natural Resources from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 11th. Scotiabank upgraded Canadian Natural Resources to a “hold” rating in a report on Friday, June 26th. Zacks Research upgraded Canadian Natural Resources from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 21st. Finally, Raymond James Financial raised Canadian Natural Resources from a “market perform” rating to an “outperform” rating in a report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $57.00.

About Canadian Natural Resources

Canadian Natural Resources Limited (NYSE: CNQ) is a Calgary-based independent oil and natural gas exploration and production company. Established in the early 1970s and publicly listed in Canada and the United States, the company is principally engaged in the exploration, development, production, and marketing of crude oil, natural gas and natural gas liquids. Its asset base spans conventional and unconventional reservoirs and includes oil sands mining and in-situ thermal projects, midstream processing and upgrading capacity, and related field operations.

The company’s operations are concentrated in Western Canada, where it develops heavy crude, bitumen from oil sands and conventional light crude and natural gas resources.