Canadian Natural reports third quarter 2026 results
It generates $5.5 billion in adjusted funds flow and $3.0 billion in net earnings, hits its $13 billion net debt target and targets 100% of free cash flow to share buybacks.
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Independent crude oil and natural gas producer
cnrl.comLast updated
In short: Canadian Natural beat Q3 profit estimates, hit its debt target and targeted free cash flow for buybacks
It generates $5.5 billion in adjusted funds flow and $3.0 billion in net earnings, hits its $13 billion net debt target and targets 100% of free cash flow to share buybacks.
It posts record quarterly production of 1,677,000 BOE/d, record adjusted net earnings of $4.6 billion and adjusted funds flow of $6.9 billion, and raises 2026 production guidance.
Adjusted net earnings were $2.4 billion and adjusted funds flow $4.4 billion, with production up 4% to 1,643,000 BOE/d and $1.5 billion returned to shareholders.
The dividend rises to $0.625 per share, payable April 7 to shareholders of record March 20, marking the 26th consecutive year of increases.
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