Canadian Natural Resources (CNQ) Reports Q4 Earnings: What Key Metrics Have to Say

Canadian Natural Resources (CNQ) reported $6.77 billion in revenue for the quarter ended December 2024, representing a year-over-year decline of 3.6%. EPS of $0.66 for the same period compares to $0.86 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $6.39 billion, representing a surprise of +5.88%. The company delivered an EPS surprise of -4.35%, with the consensus EPS estimate being $0.69.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.Here is how Canadian Natural Resources performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Total production - Average daily production: 1,470,428 BOE/D versus 1,436,480 BOE/D estimated by four analysts on average. Production - Primary Heavy Oil per day: 82.13 thousands of barrels of oil versus 81.86 thousands of barrels of oil estimated by three analysts on average. Production - Thermal In Situ Oil per day: 276.23 thousands of barrels of oil versus 281.07 thousands of barrels of oil estimated by three analysts on average. Production - Oil Sands Mining and Upgrading per day: 534.63 thousands of barrels of oil versus 507.12 thousands of barrels of oil estimated by three analysts on average. Production - Pelican Lake Oil per day: 44.04 thousands of barrels of oil versus 45.71 thousands of barrels of oil estimated by three analysts on average. Production - North Sea Oil per day: 11.47 thousands of barrels of oil compared to the 11.98 thousands of barrels of oil average estimate based on three analysts. Production - North Sea Natural Gas per day: 4 Mcf/D compared to the 1.46 Mcf/D average estimate based on three analysts. Production - Offshore Africa Oil per day: 11.94 thousands of barrels of oil versus the three-analyst average estimate of 13.55 thousands of barrels of oil. Oil & liquids - Average daily production: 1,090,002 BBL/D versus 1,064,114 BBL/D estimated by three analysts on average. Natural gas - Average daily production: 2283 millions of cubic feet versus 2225.38 millions of cubic feet estimated by three analysts on average. Production - North America Natural Gas per day: 2,273 Mcf/D versus the three-analyst average estimate of 2,214.17 Mcf/D. Production - Offshore Africa Natural Gas per day: 6 Mcf/D versus 9.75 Mcf/D estimated by three analysts on average. View all Key Company Metrics for Canadian Natural Resources here>>>Shares of Canadian Natural Resources have returned -11.7% over the past month versus the Zacks S&P 500 composite's -3.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.Only $1 to See All Zacks' Buys and SellsWe're not kidding.Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators,and more, that closed 256 positions with double- and triple-digit gains in 2024 alone.See Stocks Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Canadian Natural Resources Limited (CNQ): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks