CNQ now has 26 consecutive years of dividend growth, with a 20% dividend CAGR over that period.
Headline numbers looked mixed:
Revenue was C$12.4B vs C$12.7B last year. Net earnings fell to C$1.35B vs C$2.46B last year.
But adjusted net earnings were basically flat at C$2.45B, and adjusted funds flow was still strong at C$4.37B.
CNQ produced about 1.64M BOE/d, up around 4% YoY. More production means more cash-flow potential, as long as pricing and costs stay reasonable.
Netbacks were also solid. Netback basically shows how much cash profit they keep per barrel after direct costs.
North America liquids netback improved to C$42.31/bbl from C$39.80/bbl last year.Oil Sands Mining & Upgrading netback improved to C$48.15/bbl from C$46.60/bbl.
That is a good sign. It means the per-barrel economics are still strong.
CNQ raised the quarterly dividend by 6% to C$0.625/share, or C$2.50 annualized.
They also continued buybacks, purchasing 5.4M shares in Q1 for about C$311M, plus more after quarter-end.
Net debt is around C$16B, with the next target at C$13B. Once they reach that level, management plans to increase shareholder returns to 100% of free cash flow.
CNQ keeps converting long-life oil reserves into cash and returning a large part of it through dividends and buybacks. It is not really a fast growth story, but more of a durable oil cash-flow compounder built on scale, strong netbacks, balance sheet discipline, and a dividend record that has survived many oil cycles.
Umzi
4 settimane fa
Oil shock..
We all know why the stock rallied questions is do we think it’ll hold or sink. Especially with earnings tomorrow an okah earnings with weak guidance could be crippling in this volatile market.
Minmax77
3 mesi fa
CNQ and the Oil Cycle
Deepinwaiting
3 mesi fa
The right currency
Mogsy212
11 mesi fa
Dividend day
Dan3003
anno scorso
Dividends
Hey everyone, im new to this company and have been looking into dividends stocks to create passivie income.
Just wondering how many shares people own? and if it gives a decent regular payment?
Thank you
Mogsy212
anno scorso
Dividend
Happy dividend day for tomorrow 🤞
Pwhandaway
2 anni fa
Uplift after US election ?
Was expecting this to ramp up with next doors Drill baby drill outlook 🤔
Excellent analysts potential and flawless company performance.. but then they go down for no reason ?? I can pick them 🤔
timfair
2 anni fa
239 member no posts?
Well here is one post. Its a steady chart over years
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easy to use platform
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Great way for your money to build
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Invitato
Cool app
User friendly mobile app that makes investing easy and funny. Fast navigation throughout the app. In a few clicks can see basically every information one might require.
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Domande frequenti
Qual è il prezzo dell’azione Canadian Natural Resources (CNQ)?
Il prezzo attuale di Canadian Natural Resources (CNQ) è 47,74 $.
Qual è il massimo a 52 settimane di CNQ?
Il massimo a 52 settimane per CNQ è 51,36 $.
Qual è il minimo a 52 settimane di CNQ?
Il minimo a 52 settimane per CNQ è 29,27 $.
Qual è l’andamento settimanale di CNQ?
Nell’ultima settimana, il prezzo di CNQ è cambiato di 4,21%.
Qual è la performance mensile di CNQ?
Nell’ultimo mese, il prezzo di CNQ è cambiato di 1,66%.
Qual è la performance a 3 mesi di CNQ?
Negli ultimi tre mesi, il prezzo di CNQ è cambiato di 8,18%.
Qual è la performance a 6 mesi di CNQ?
Negli ultimi sei mesi, il prezzo di CNQ è cambiato di 39,88%.
Qual è il rendimento annuale di CNQ?
Nel corso dell’ultimo anno, il prezzo di CNQ è cambiato di 51,8%.