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Canadian Natural Edges Out Q3 Forecasts on Record Output, Steady Spending
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Why This Matters
Canadian Natural Resources reported a narrow earnings beat in Q3, driven by record oil and gas output, despite weaker crude prices and a North Sea write-down. The company's total production increased 19% year-over-year to 1.62 million boepd. This performance exceeded market expectations.
Market Impact
Market impact analysis based on bullish sentiment with 85% confidence.
Sentiment
Bullish
AI Confidence
85%
Article Context
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Canadian Natural Resources (TSX: CNQ / NYSE: CNQ) eked out a narrow earnings beat for the third quarter, with record oil and gas output helping offset weaker crude prices and a hefty North Sea write-down. The Calgary-based producer reported adjusted earnings of 0.86 Canadian dollars per share for the three months ended September 30, just above the 0.85 Canadian dollar consensus forecast compiled by LSEG. Total production jumped roughly 19% year-on-year to 1.62 million barrels of oil equivalent per day (boepd)—a record for the company—driven…
Original article published by
OilPrice.com
on November 6, 2025.
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