Canadian Natural Resources Ltd.
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+ FollowMarket Cap$103.38B
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Earnings Call Q4 2025
March 5, 2026 - AI Summary
Record Production and Financial Performance: Canadian Natural achieved record annual production of 1,571,000 BOEs per day in 2025, reflecting a 15% year-over-year growth. The company reported adjusted net earnings of $7.4 billion ($3.56 per share) and adjusted funds flow of $15.5 billion ($7.39 per share) for the year, indicating strong operational efficiency and capital management.
Acquisitions Boosting Growth: The company completed several strategic acquisitions, including 100% ownership of the Albian mines and enhanced liquid-rich Montney assets. These acquisitions contributed to a significant reserve replacement of 218% for total proved reserves, further strengthening the firm's asset base and growth potential.
Increased Shareholder Returns: The board approved a 6.4% increase in the quarterly dividend, reaching an annualized dividend of $0.52 per share. This marks the 26th consecutive year of dividend increases. Furthermore, the free cash flow allocation policy was adjusted, allowing for 75% of free cash flow to be returned to shareholders once net debt is below $16 billion.
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Share Statistics
| Market cap | $103.38 Billion |
|---|---|
| Enterprise Value | $118.44 Billion |
| Annual dividend | $1.77 |
| Dividend yield | 3.59% |
| Earnings per Share | $5.17 |
| Beta | 0.94 |
| Outstanding Shares | 2,077,894,000 |
Return
| Return on Equity | 30.15% |
|---|---|
| Return on Assets | 14.33% |
| Return on Invested Capital | 17.32% |
Valuation & Multiples
| P/E Ratio | 12.1 |
|---|---|
| PEG | 3.03 |
| Price to Sales | 2.07 |
| Price to Book Ratio | 2.26 |
| Enterprise Value to Revenue | 2.35 |
| Enterprise Value to EBIT | 8.05 |
| Enterprise Value to Net Income | 8 |
| Total Debt to Enterprise | 0.17 |
| Debt to Equity | 0.42 |
Revenue Sources
No data
Last Earnings Call
Report Date
November 5, 2026
EPS
$1.18
Est. $1.05Revenue
$8.98 B
Est. $8.79 BNext Earnings Call
Expected Date
March 4, 2027
EPS Estimate
$1.23
Consensus analyst estimateRevenue Estimate
$9.97 B
Consensus analyst estimateInstitutional Put/Call Ratio
Compares institutional put options with call options. At 2.49, the ratio is above 1, so institutions hold more puts than calls. That is a more cautious stance.
| Put/Call Ratio | 2.4857▲ 97.62% |
|---|---|
| Total Calls | 104,600▼ 98.96% |
| Total Puts | 260,000▼ 98.28% |
Institutional Ownership
Holdings and activity of institutional investors.
| Ownership % | 8.76%▼ 63.73% |
|---|---|
| Total Invested | $8.69B▼ 85.54% |
| Investors Holding | 354▼ 437.00% |
About Canadian Natural Resources Ltd.
10,750 employees
CEO: Norman Murray Edwards
Canadian Natural Resources Limited (CNRL) is an integrated energy company involved in the entire lifecycle of hydrocarbon resources, from acquisition and exploration to development, production, marketing, and sales. The firm's product po...