Canadian Natural Resources Ltd. recently published its first-quarter financial results for 2026, revealing a profit of $1.35 billion. This marks a significant decrease from the $2.46 billion profit reported in the same quarter the previous year.
First-Quarter Profit Overview
The company’s profit for the quarter translates to 64 cents per diluted share, a drop from $1.17 per diluted share recorded in the first quarter of 2025.
Adjusted Earnings
On an adjusted basis, Canadian Natural earned $1.17 per diluted share for the quarter. This is a slight increase from the adjusted profit of $1.16 per diluted share in the same quarter last year.
Sales and Production Figures
- Total Product Sales: $12.40 billion, down from $12.71 billion year-over-year.
- Average Production: 1,643,160 barrels of oil equivalent per day, an increase from 1,582,348 boepd a year ago.
Market Expectations
Analysts had anticipated that Canadian Natural would report an adjusted profit of $1.01 per share, according to data from LSEG Data & Analytics.
This financial update reflects the ongoing dynamics within the energy sector as Canadian Natural continues to navigate changing market conditions.
| Metric | 2026 | 2025 |
|---|---|---|
| Profit | $1.35 billion | $2.46 billion |
| Profit per Diluted Share | $0.64 | $1.17 |
| Adjusted Profit per Diluted Share | $1.17 | $1.16 |
| Total Product Sales | $12.40 billion | $12.71 billion |
| Average Production (boepd) | 1,643,160 | 1,582,348 |
This report, reflecting first-quarter data, emphasizes Canadian Natural’s performance amid fluctuating oil prices and production levels.
