For the quarter ended September 2026, Canadian Natural Resources (CNQ) reported revenue of $9.14 billion, up 32.3% over the same period last year. EPS came in at $1.18, compared to $0.62 in the year-ago quarter.
The reported revenue represents a surprise of +10.25% over the Zacks Consensus Estimate of $8.29 billion. With the consensus EPS estimate being $1.05, the EPS surprise was +12.38%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Canadian Natural Resources performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Daily production, before royalties - Equivalent production: 1,651,720.00 BOE/D versus the three-analyst average estimate of 1,631,078.00 BOE/D. Crude Oil and NGLs Sales Volumes - North America (Light crude oil + NGLs): 216.59 thousands of barrels of oil versus the two-analyst average estimate of 216.01 thousands of barrels of oil. Production Volumes, before royalties - Crude Oil and NGLs - North America E&P - Primary Heavy: 95.62 thousands of barrels of oil versus the two-analyst average estimate of 91.38 thousands of barrels of oil. Production Volumes, before royalties - Crude Oil and NGLs - North America E&P - Thermal In Situ: 299.63 thousands of barrels of oil compared to the 289.9 thousands of barrels of oil average estimate based on two analysts. Production Volumes, before royalties - Crude Oil and NGLs - Oil Sands Mining and Upgrading: 543.09 thousands of barrels of oil compared to the 542.76 thousands of barrels of oil average estimate based on two analysts. Production Volumes, before royalties - Crude Oil and NGLs - North America E&P - NGLs: 128.87 thousands of barrels of oil compared to the 127.68 thousands of barrels of oil average estimate based on two analysts. Production Volumes, before royalties - Crude Oil and NGLs - International - North Sea: 5.94 thousands of barrels of oil versus 6.92 thousands of barrels of oil estimated by two analysts on average. Production Volumes, before royalties - Crude Oil and NGLs - International - Offshore Africa: 10.03 thousands of barrels of oil versus 5.63 thousands of barrels of oil estimated by two analysts on average. Daily production, before royalties - Crude oil and NGL: 1,217,178.00 BBL/D versus 1,197,642.00 BBL/D estimated by two analysts on average. Daily production, before royalties - Natural gas: 2607 millions of cubic feet per day versus the two-analyst average estimate of 2600.85 millions of cubic feet per day. Production Volumes, before royalties - Natural Gas - North America: 2,602.00 Mcf/D compared to the 2,596.26 Mcf/D average estimate based on two analysts. Production Volumes, before royalties - Natural Gas - International - Offshore Africa: 3.00 Mcf/D versus 2.59 Mcf/D estimated by two analysts on average.View all Key Company Metrics for Canadian Natural Resources here>>>
Shares of Canadian Natural Resources have returned +4.5% over the past month versus the Zacks S&P 500 composite's -0.4% change. The stock currently has a Zacks Rank #1 (Strong Buy), indicating that it could outperform the broader market in the near term.Beyond Nvidia: AI's Second Wave Is Here
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This article originally published on Zacks Investment Research (zacks.com).