Canadian Natural Resources (CNQ) Projected to Announce Quarterly Earnings on Thursday

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) is expected to release its Q2 2026 results before the market opens on Thursday, August 6th. Analysts expect Canadian Natural Resources to announce earnings of $1.43 per share and revenue of $9.4033 billion for the quarter. Interested persons can find conference call details on the company’s upcoming Q2 2026 earning overview 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 issued its quarterly earnings results on Thursday, May 7th. The oil and gas producer reported $0.85 EPS for the quarter, topping the consensus estimate of $0.74 by $0.11. Canadian Natural Resources had a net margin of 22.04% and a return on equity of 17.49%. The company had revenue of $7.72 billion during the quarter, compared to analysts’ expectations of $7.57 billion. During the same quarter in the previous year, the company earned $1.16 EPS. 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 Trading Down 0.4%

NYSE CNQ traded down $0.20 during trading hours on Tuesday, hitting $46.16. The company’s stock had a trading volume of 1,849,788 shares, compared to its average volume of 10,005,769. Canadian Natural Resources has a twelve month low of $29.30 and a twelve month high of $51.34. The firm has a market capitalization of $95.51 billion, a P/E ratio of 13.84 and a beta of 0.46. The company has a quick ratio of 0.68, a current ratio of 0.98 and a debt-to-equity ratio of 0.37. The stock has a fifty day moving average of $43.64 and a 200 day moving average of $43.88.

Canadian Natural Resources Announces Dividend

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

Analyst Upgrades and Downgrades

CNQ has been the subject of a number of analyst reports. Raymond James Financial raised Canadian Natural Resources from a “market perform” rating to an “outperform” rating in a research note on Thursday, May 7th. Zacks Research upgraded Canadian Natural Resources from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 21st. Weiss Ratings cut Canadian Natural Resources from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 11th. Scotiabank upgraded shares of Canadian Natural Resources to a “hold” rating in a report on Friday, June 26th. Finally, Desjardins raised shares of Canadian Natural Resources to a “hold” rating in a research note on Thursday, July 16th. One equities research 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. Based on data from MarketBeat, Canadian Natural Resources presently has a consensus rating of “Moderate Buy” and a consensus price target of $57.00.

Institutional Investors Weigh In On Canadian Natural Resources

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

Canadian Natural Resources Company Profile

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.