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Update: Canadian Natural Resources Posts Higher Q2 Adjusted Earnings

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(Updates to add second-quarter production results and guidance changes in paragraphs four and five. Updates shares in the final paragraph)

Canadian Natural Resources (CNQ.TO) booked Q2 adjusted net earnings of C$2.19 per diluted share from C$0.71 a year earlier.

Analysts polled by FactSet expected C$2.01.

The company said its board approved a quarterly cash dividend of C$0.625 per share.

The company, Canada's No.1 oil and gas producer, said it produced 1.68-million barrels of oil equivalent per day(boe/d) in the quarter, up 18% from the year-prior quarter, including record output of 625,000 barrels per day from its oil-sands operations.

Canadian Natural also raised its 2026 production guidance to between 1.637-million boe/d and 1.682-million boe/d, up from its prior range of 1.615-million boe/d to 1.665 million boe/d.

The company's shares were last seen up C$0.73, or 1.2%, at C$63.58 on the Toronto Stock Exchange.

Price: $63.65, Change: $+0.80, Percent Change: +1.27%

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