Canadian Natural Resources

Canadian Natural Resources reported Q1 2026 production of about 1.643 million boe/d and adjusted net earnings of CAD 2.4 billion, with adjusted funds flow of CAD 4.4 billion. The company set multiple production records—driven by oil sands and Jackfish expansions—and returned roughly CAD 1.5 billion to shareholders through dividends and buybacks. Management raised the annualized dividend to CAD 2.50 per share and cut net debt below CAD 16 billion, triggering a policy to return 75% of free cash flow and targeting CAD 13 billion net debt to lift returns to 100%. » More on finance.yahoo.com

Canadian Natural reported Q1 2026 EPS of CAD 1.17 (expectation CAD 1.05) and revenue of CAD 10.74bn (expectation CAD 9.86bn). The company reached record production, posted adjusted net income of CAD 2.4bn and adjusted funds flow of CAD 4.4bn; the board approved a quarterly dividend of CAD 0.625. Despite the strong metrics, the stock fell about 2% in premarket trading; the company’s target is further debt reduction to CAD 13bn and an increase in payouts once that goal is achieved. » More on de.investing.com

Wells Fargo analyst Sam Margolin raised the price target for Canadian Natural Resources from C$47 to C$61 while keeping an 'Equal Weight' rating, implying roughly 4% upside. The bank adjusted its oil forecasts to Brent $75/bbl and WTI $70/bbl following a US‑Iran ceasefire and views the pullback as a mid‑cycle correction. Canadian Natural Resources completed a strategic acquisition in Q1 2026 and lifted its FY2026 production target to 1.62–1.67 million boepd. » More on finance.yahoo.com