NYSE$CNQ

Canadian Natural Resources Ltd · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

CNQ Q4 2023 — CAD 335.0M revenue, 32.00 EPS

Disclosure of plans relating to and expected results of existing and future developments, including, without limitation, those in relation to the Compan. Canadian Natural Resources Ltd reported Q4 2023 results. Diluted EPS came in at 32.00. Headline numbers extracted from the Form 40-F press release; narrative is light because this row was processed without an LLM call.

  • Revenue: CAD 335.0M.
  • Diluted EPS: 32.00.
  • Operating income: CAD 244.0M.

Headline financials

Total Revenue

$7.01B

Previous: $7.21B-2.8%
EPS (adj)

$0.86

Previous: $0.73+17.8%
Capital Expenditures

-$671M

No prior period
Net Income

$1.93B

No prior period
Operating Income

$2.07B

No prior period
Gross Profit

$2.2B

No prior period

Revenue & EPS history

CNRL · Revenue · Quarterly

$7.01B

Q4 2023-2.8%vs Q4 2022
Beat estimate in 7 of 12 quarters(58%)
ActualEstimate

Revenue by segment

CNRL · $9.21B total across 2 segments · Q2 2025

  • Crude oil and NGLs product sales
    $8.61B
  • Natural gas product sales
    $600M

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2023

Historical avgQ4 2023

+1.6%

Avg return

Earnings day

+1.9%

Avg return

5 days after

+4.4%

Avg return

30 days after

65%

40 / 62 earnings

Positive

+15.0%

Q4 2015

Best reaction

-9.1%

Q3 2011

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.0%+2.8%+0.2%
Q3 2025-1.3%+1.6%+8.7%
Q2 2025-3.0%-4.6%-3.1%
Q4 2024+1.9%+12.0%+9.8%
Q1 2025+4.2%+12.0%+9.8%
Q1 2024-0.4%+2.0%+2.5%
Q4 2023+8.8%+7.7%+15.2%
Q3 2023+3.5%-1.4%+4.9%
Q2 2023+2.8%+2.9%+9.6%
Q1 2023+2.6%+1.5%-0.2%
Q4 2022+4.0%-0.4%-4.5%
Q3 2022+2.1%+1.5%+0.1%
Q2 2022-0.3%+1.1%+7.8%
Q1 2022-2.9%-11.0%+3.1%
Q4 2021-0.8%+3.6%+9.4%
Q3 2021+2.6%+2.6%-4.8%
Q2 2021+3.3%+4.7%+8.5%
Q1 2021+5.7%+3.1%+15.7%
Q4 2020+4.4%+2.7%+6.2%
Q3 2020-2.1%+24.2%+50.1%
Q2 2020+6.0%+9.4%+5.0%
Q1 2020+7.5%+10.3%+40.6%
Q4 2019-8.7%-35.2%-46.3%
Q3 2019+7.9%+8.0%+13.3%
Q2 2019-5.7%-6.2%-5.5%
Q1 2019+0.8%-0.8%-4.8%
Q4 2018+0.2%+2.2%+7.4%
Q3 2018+4.8%+9.2%-7.9%
Q2 2018-1.9%-4.0%-5.9%
Q1 2018-1.5%-5.0%-4.5%
Q4 2017-1.8%-1.7%+0.0%
Q3 2017+2.9%+3.3%+0.6%
Q2 2017+4.6%+4.9%+1.8%
Q1 2017-1.7%-2.2%-8.5%
Q4 2016+8.3%+6.8%+13.8%
Q3 2016-4.9%-3.0%+8.4%
Q2 2016+2.2%+4.1%+5.7%
Q1 2016-0.6%
Q4 2015+15.0%
Q3 2015+4.3%
Q2 2015+2.1%
Q1 2015-1.1%
Q4 2014+0.3%
Q3 2014+7.1%
Q2 2014+0.0%
Q1 2014-3.7%
Q4 2013+1.4%
Q3 2013+1.3%
Q2 2013+0.3%
Q1 2013+1.9%
Q4 2012+4.1%
Q3 2012+2.3%
Q2 2012-0.2%
Q1 2012+2.5%
Q4 2011+5.4%
Q3 2011-9.1%
Q2 2011+2.7%
Q1 2011-0.7%
Q4 2010+1.7%
Q3 2010+5.3%
Q2 2010-0.2%
Q1 2010+7.0%

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