Canadian Natural Resources Limited (CNQ.TO,CNQ) reported third quarter net earnings of C$658 million or C$1.21 per share, compared to C$2.84 billion or C$5.25 per share last year.
Adjusted net earnings from operations was C$658 million or C$1.21 per share, compared to C$963 million or C$1.78 per share in the prior year quarter.
Revenue, before royalties declined to C$2.82 billion from C$4.58 billion in the same period last year.
Further, the company declared a quarterly cash dividend on common shares of C$0.105 per common share payable January 1, 2010.
The Company now forecasts 2009 production levels before royalties to average between 1,305 and 1,314 mmcf/d of natural gas and between 352,000 and 363,000 bbl/d of crude oil and NGLs.
Fourth quarter production guidance before royalties is forecast to average between 1,213 and 1,243 mmcf/d of natural gas and between 359,000 and 390,000 bbl/d of crude oil and NGLs.
In a separate release, Canadian Natural Resources announced its Board of Directors has declared a quarterly cash dividend on its common shares of C$0.105 per common share. The dividend will be payable January 1, 2010 to shareholders of record at the close of business on December 11, 2009.
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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.