Canadian News
Canadian Natural Resources Q3 Earnings Plunge; Declares Cash Dividend - Quick Facts 2
11/5/2009 5:25 AM ET
(RTTNews) -
Canadian Natural Resources Limited (CNQ.TO: News ,CNQ: News ) 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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by RTT Staff Writer
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