Canadian Natural Resources Limited should publish the results of the first quarter on May 8. The estimate of the Zacks consensus for the profit is set at 73 cents per share on revenues of $ 6.8 billion.
Let us dive the factors that could have influenced CNQ's performance in the trimester of the task. Before that, it is worth taking a look at the company's performance in the last quarter.
Protruding facts of the gains of the fourth quarter of CNQ and of surprise history
During the latest quarter reported, the company for petroleum equipment and gas and gas services based in Calgary missed the consensus bar due to the drop in prices made of natural gas and higher spending from year to year. CNQ declared a profit adjusted by action of 66 cents, missing the estimate of the Zacks consensus of 69 cents. Total revenues of $ 6.8 billion defeated the estimate of the 6.3%Zack consensus, fueled by an increase in product sales. The company's revenues beat the estimate of the Zack consensus twice in the four quarters of escape and missed in the other two, offering an average surprise of 0.7%. This is illustrated in the table below:
Canadian Natural Resources Prize and Limited Surprise and Surprise
Limited Canadian Natural Resources Price-EPS-SURPISE | Limited Quote from Canadian Natural Resources
Trend in the revision of the CNQ estimate
The estimate of the Zacks consensus for the earnings of the first quarter of 2025 has not witnessed any movement in the last seven days. The estimated figure indicates an increase of 43.14% in annual sliding. The estimate of the Zacks consensus for income implies an increase of 11.21% compared to the period of the previous year.
Factors to be considered before the results of the Q1 of CNQ
At the beginning of 2025, Canadian Natural agreed to exchange the participation of 10% shell in (Athabasca Oil Sands Project) for an interest of 10% in the carbon capture facilities Scotford and quest, carrying its 100% AOSP property and adding 31,000 Bbl / d of bitumen production, short -term support and stronger cash production.
The operating and upgrading assets of the company's bituminous sands have already started to carry out a solid production and strong use since January and February 2025. During the two months, the CNQ had an average of around 634,000 barrels / d on a gross base. February 2025 was the highest monthly monthly production in its history at around 640,000 barrels / d, because it focused on continuous improvement initiatives combined with the high performance of the reliability improvement project and the De-Bottlened project in Scotford.
CNQ revenues are likely to have improved during the quarter to declare. Our model provides that revenues in the first quarter increased to $ 6,395 million compared to the quarter level of the previous year of 6,115 million dollars. This can be attributed to better than expected performance of exploration and production and extraction and upgrading segments of bituminous sands.
On a downward note, Canadian natural resources are expected to deal with indebted deadlines each year until 2027, exposing it at the risk of refinancing at an unpredictable time of basic products. In addition, the main thing in the quarter of Canadian Natural can be assigned due to the increase in expenses from the North Sea, Offshore Africa, extraction and refining segments of bituminous sands. Our model provides that spending in the first quarter of the North Sea are reaching $ 254.2 million compared to the quarter level of the previous year of $ 140 million. Expenditure in offshore Africa should have increased to $ 88.6 million compared to $ 70 million in the previous year. Operation of petroleum sand and refining expenses are expected to increased to $ 2,186.5 million and $ 254.3 million compared to $ 2139 million in the previous year and 241 million dollars.
What predicts our model for CNQ?
The model proven Zacks does not show a beat of gains for CNQ this time. The combination of a positive ESP gain and a zack n ° 1 row (strong purchase), 2 (buy) or 3 (Hold) increases the chances of a flash of profits. However, this is not the case here.
CNQ ESP generations: Géris ESP, which represents the difference between the most precise estimate and the estimate of the Zacks consensus, because this company is 0.00%. You can discover the best actions to buy or sell before being reported with our ESP filter of profits.
CNQ's Zacks Ranks: CNQ is currently offering a Zacks # 3 rank.
Stocks with the favorable combination
Here are some business space companies that you may want to consider, because they have the right combination of elements to display beating income this report cycle.
Calumet, Inc. has an ESP gain of + 15.32% and a Zacks # 3 row. You can see the full list of Row Zacks # 1 actions today.
CLMT is expected to publish the profit on May 9. The estimate of the Zacks consensus for the profit by action by Calumet in 2025 indicates a growth of 73.41% in annual sliding. Valued at approximately $ 969.83 million, Calumet's shares lost 30.7% in one year.
Pembina Pipeline Corporation has an ESP gain of + 2.93% and a Zacks # 3 rank. PBA should publish income on May 8.
The estimate of the Zaks consensus for the benefit by action by Pembina in 2025 indicates growth of 3.2% in annual sliding. Valued at around $ 22.7 billion, Pembina's shares gained 8.9% in one year.
Talen Energy Corporation has an ESP gain of + 13.58% and a Zacks # 3 rank. TLN should publish income on May 8.
The estimate of the Zaks consensus for Talen Energy sales in 2025 indicates growth of 11.51% in annual sliding. Valued at around $ 10.28 billion, TLN shares jumped 117% in one year.
Do you want the latest recommendations from Zacks Investment Research? Download 7 best actions for the next 30 days. Click to get this free report
