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 weken geleden
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 maanden geleden
CNQ and the Oil Cycle
Deepinwaiting
3 maanden geleden
The right currency
Mogsy212
11 maanden geleden
Dividend day
Dan3003
vorig jaar
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
vorig jaar
Dividend
Happy dividend day for tomorrow 🤞
Pwhandaway
2 jaar geleden
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 jaar geleden
239 member no posts?
Well here is one post. Its a steady chart over years
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Ease of use
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Easy to set up my account
Easy to set up my account easy to access balance and a very good rate in interest.
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easy to use platform
easy to use platform, love the ability to transfer cash isa funds into stocks and shares isa
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Can view everything simply.
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Good interest rate and can take the money out whenever I want.
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So easy
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I’m novice and useless with technology…
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Functional and easy to use and track my cash & stocks & shares isas
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Easy access to my account and how Easy…
Easy access to my account and how Easy it is to navigate the212 application.
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Simple and easy to use app
Simple and easy to use app. Ease of setting up recurring payments. Great for a beginner that has no prior knowledge or experience of investing.
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Easy and simple app
Easy and simple app, tells you daily your interest which I like and I get emails. The updating is really good.
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Very easy and highly recommend
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Great way for your money to build
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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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Veelgestelde vragen
Wat is de aandelenkoers van Canadian Natural Resources (CNQ)?
De huidige prijs van Canadian Natural Resources (CNQ) is $ 47,62.
Wat is de hoogste koers in 52 weken van CNQ?
De hoogste koers in 52 weken voor CNQ is $ 51,36.
Wat is het 52-weeks dieptepunt van CNQ?
Het 52-weeks dieptepunt voor CNQ is $ 29,27.
Wat is de wekelijkse prestatie van CNQ?
In de afgelopen week is de prijs van CNQ veranderd met 3,95%.
Wat is de maandelijkse prestatie van CNQ?
In de afgelopen maand is de prijs van CNQ veranderd met 1,41%.
Wat is de 3-maandsrendement van CNQ?
In de afgelopen drie maanden is de prijs van CNQ met 7,91% veranderd.
Wat is het rendement over 6 maanden van CNQ?
In de afgelopen zes maanden is de prijs van CNQ met 39,53%veranderd.
Wat is de jaarlijkse prestatie van CNQ?
In het afgelopen jaar is de prijs van CNQ veranderd met 51,41%.