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
för 4 veckor sedan
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
för 3 månader sedan
CNQ and the Oil Cycle
Deepinwaiting
för 3 månader sedan
The right currency
Mogsy212
för 11 månader sedan
Dividend day
Dan3003
förra året
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
förra året
Dividend
Happy dividend day for tomorrow 🤞
Pwhandaway
för 2 år sedan
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
för 2 år sedan
239 member no posts?
Well here is one post. Its a steady chart over years
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Vanliga frågor och svar
Vad är aktiekursen för Canadian Natural Resources (CNQ)?
Det aktuella priset för Canadian Natural Resources (CNQ) är 47,51 $.
Vad är 52‑veckorshögsta för CNQ?
Högsta nivån på 52 veckor för CNQ är 51,36 $.
Vad är 52-veckorslägstanoteringen för CNQ?
Den lägsta nivån på 52 veckor för CNQ är 29,27 $.
Vad är den veckovisa prestandan för CNQ?
Under den senaste veckan har priset på CNQ ändrats med 3,71 %.
Hur ser den månatliga prestationen för CNQ ut?
Under den senaste månaden har priset på CNQ ändrats med 1,17 %.
Vad är 3-månadersprestandan för CNQ?
Under de senaste tre månaderna har priset på CNQ ändrats med 7,66 %.
Hur har 6‑månadersavkastningen för CNQ varit?
Under de senaste sex månaderna har priset på CNQ förändrats med 39,2 %.
Vad är den årliga prestandan för CNQ?
Under det senaste året har priset på CNQ förändrats med 51,07 %.