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

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) is anticipated 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 announced its quarterly earnings results on Thursday, May 7th. The oil and gas producer reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.11. The company had revenue of $7.72 billion during the quarter, compared to the consensus estimate 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 previous year, the company posted $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 Stock Down 0.4%

Canadian Natural Resources stock opened at $46.19 on Wednesday. The company has a 50-day simple moving average of $43.62 and a 200-day simple moving average of $43.97. The firm has a market capitalization of $95.56 billion, a P/E ratio of 13.79 and a beta of 0.46. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.68 and a current ratio of 0.98. Canadian Natural Resources has a one year low of $29.30 and a one year high of $51.34.

Institutional Trading of Canadian Natural Resources

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Sunbelt Securities Inc. bought a new position in shares of Canadian Natural Resources in the fourth quarter valued at approximately $25,000. Manchester Capital Management LLC bought a new stake in Canadian Natural Resources during the fourth quarter worth approximately $28,000. Quarry LP acquired a new stake in Canadian Natural Resources in the third quarter worth approximately $32,000. Geneos Wealth Management Inc. lifted its position in Canadian Natural Resources by 47.3% in the first quarter. Geneos Wealth Management Inc. now owns 1,644 shares of the oil and gas producer’s stock worth $51,000 after purchasing an additional 528 shares during the period. Finally, Brown Brothers Harriman & Co. boosted its stake in Canadian Natural Resources by 885.9% during the 4th quarter. Brown Brothers Harriman & Co. now owns 2,238 shares of the oil and gas producer’s stock valued at $76,000 after purchasing an additional 2,011 shares in the last quarter. 74.03% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

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.