Canadian Natural Resources: 1Q Earnings Snapshot

Associated Press
Updated ·1 min read

CALGARY, Alberta (AP) _ Canadian Natural Resources Ltd. (CNQ) on Thursday reported a first-quarter loss of $955.9 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Calgary, Alberta-based company said it had a loss of 81 cents. Losses, adjusted for non-recurring costs and stock option expense, were 19 cents per share.

The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 4 cents per share.

The oil and natural gas company posted revenue of $3.47 billion in the period. Its adjusted revenue was $3.36 billion.

Canadian Natural Resources shares have decreased 51% since the beginning of the year. The stock has fallen 44% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CNQ at https://www.zacks.com/ap/CNQ