Canadian Natural Resources Ltd. (CNQ,CNQ.TO) reported a plunge in fourth-quarter 2012 net earnings to C$352 million, or C$0.32 per share, from last year's C$832 million, or C$0.76 per share. On an adjusted basis, net earnings from operations totaled C$359 million, or C$0.33 per share this quarter. On average, 15 analysts polled by Thomson Reuters expected earnings per share of C$0.40 for the quarter. Analysts' estimates typically exclude one-time items.
The firm clocked revenue of C$3.7 billion for the quarter, versus C$4.22 billion a year before. Analysts estimated revenues of C$3.59 billion for the quarter.
For 2013, the board has approved a 19% dividend increase to C$0.125 per quarter, C$0.50 per share annualized.
Looking forward, the company forecasts 2013 production levels before royalties to average between 1,085 and 1,145 MMcf/d of natural gas and between 482,000 and 513,000 bbl/d of crude oil and NGLs. First-quarter production guidance before royalties is forecast to average between 1,130 and 1,150 MMcf/d of natural gas and between 471,000 and 495,000 bbl/d of crude oil and NGLs.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.