Net income was $245 million, an improvement from a net loss of $105 million a year ago. The expansion, expected to take place this summer during a maintenance shutdown, is intended to ease the bottleneck.

The company says it has approved another expansion of its Horizon oilsands mine but must revisit the scope of the project because of unexpectedly robust production from two previous expansions. Oilsands giant CNRL fined $10,000 following accident that killed two workers. Canadian Natural Resources reports first quarter adjusted earnings of C$838 million; production down 7.8% on government’s mandate is published by IHS Herold Inc., 200 Connecticut Avenue, Suite 3A, Norwalk, CT 06854, USA for the exclusive use of IHS Herold clients. Adjusted net loss was C$295 million, compared with an adjusted net income of C$838 million a year ago. All Rights Reserved, Company Deal Analysis: National Fuel Gas acquires Shell’s Marcellus and Utica assets for record-low price, Canadian Natural Resources reports first quarter adjusted loss of C$295 million; production up 14%; further cuts 2020 budget, Suncor Energy reports first quarter operating loss of C$309 million, production down 3%; further cuts 2020 capex, Cenovus Energy reports first quarter 2020 net loss of C$1.8 billion, production up 8%; reaffirms 2020 capex cut, Husky Energy reports first quarter net loss of C$1.7 billion due to impairments and write-down; production up 5%, Canadian Natural Resources third quarter adjusted earnings down 9% to $1,229 million, production up 11% on Devon Canada acquisition and strong operational performance. Canadian Natural Resources is reporting $245 million of net income for the first quarter, a big improvement from the loss it experienced at the same time last year but less than analysts expected. Reproduction of this report, even for internal distribution, is strictly prohibited. No information or opinions contained herein constitutes a representation or solicitation for the purchase of any securities of the companies mentioned herein. From time to time, IHS Herold and/or its officers and employees may have long or short positions in the securities mentioned herein or during the past year may have transacted in securities of the companies mentioned. Horizon, which was designed with a maximum capacity of 182,000 barrels per day, is churning out 205,000 bpd of upgraded bitumen. Copyright © 2020 IHS Herold Inc. All rights reserved. Losses, adjusted for one-time gains and costs, were 36 cents per share. 08 May 2020 - Upstream Companies and Transactions | Insight, 07 May 2020 - Upstream Companies and Transactions | Headline Analysis, 05 May 2020 - Upstream Companies and Transactions | Headline Analysis, 29 Apr 2020 - Upstream Companies and Transactions | Headline Analysis, 07 Nov 2019 - Upstream Companies and Transactions | Headline Analysis, Copyright © 2020 IHS Markit. Canadian Natural Resources, Canada's largest producer of heavy oil and second largest producer of gas, reported its net income nearly tripled in the first quarter on higher prices for oil and gas. CALGARY – CALGARY, Alberta (AP) _ Canadian Natural Resources Ltd. (CNQ) on Thursday reported a loss of $76.5 million in its first quarter. Adjusted net earnings were C$838 million, compared with C$885 million a year ago. Box 500 Station A Toronto, ON Canada, M5W 1E6.
Canadian Natural Resources reports first quarter adjusted earnings of C$838 million; production down 7.8% on government’s mandate, 09 May 2019 - Upstream Companies and Transactions | Headline Analysis. In a press release, Canadian Natural Resources Limited reported first quarter 2019 net earnings of C$961 million, compared with C$583 million a year ago. Two analysts have issued estimates for Canadian Natural Resources' earnings, with … Canadian Natural Resources is reporting $245 million of net income for the first quarter, a big improvement from the loss it experienced at the same time last year but less than analysts expected. Revenue after royalty payments was $3.64 billion, up from $2.18 billion in the first quarter of 2016, as average realized oil prices more than doubled. Closed Captioning and Described Video is available for many CBC shows offered on CBC Gem. In a press release, Canadian Natural Resources Limited reported first quarter 2019 net earnings of C$961 million, compared with C$583 million a year ago. Audience Relations, CBC P.O. The company has said the project could cost about $70 million and add between 5,000 and 15,000 bpd of capacity. Earlier Thursday, Canadian Natural said it had total oil and natural gas liquids production of almost 600,000 bpd in the first quarter ended March 31, slightly better than the 547,000 bpd in the same period a year ago.

Brokerages expect Canadian Natural Resources Ltd (NYSE:CNQ) (TSE:CNQ) to announce $3.18 billion in sales for the current fiscal quarter, according to Zacks.

Canadian Natural Resources reports 1st quarter profits and expansion of Horizon oilsands mine, Bitumen, beef, booze, berries and bees: What's at stake for Alberta in a U.S. trade war, ConocoPhillips to lay off 300 people, mostly in Calgary, CBC's Journalistic Standards and Practices. It is a priority for CBC to create a website that is accessible to all Canadians including people with visual, hearing, motor and cognitive challenges. Adjusted net earnings were C$838 million, compared with C$885 million a year ago. The results beat Wall Street expectations. Output from that expansion is anticipated to begin in the fall, the same time as new production would come from a separate $1-billion, 80,000-bpd expansion at Horizon. In a press release, Canadian Natural Resources Limited reported first quarter 2020 net loss of C$1,282 million, compared with a net income of C$961 million a year ago. Canadian Natural Resources Ltd. is reporting $245 million of net income for the first quarter, a big improvement from the loss it experienced at the same time last year but less than analysts expected. On a per-share basis, the Calgary, Alberta-based company said it had a loss of 7 cents. From time to time, IHS Herold and/or its officers and employees may have long or short positions in the securities mentioned herein or during the past year may have transacted in securities of the companies mentioned.
Engineering work is taking place to determine how much more the plant can handle, CEO Steve Laut said Thursday on a conference call with analysts. All Rights Reserved, Whitecap Resources to acquire NAL Resources from Manulife Financial in an all-stock transaction valued at C$147.5 million, Canadian Natural Resources to acquire Painted Pony Energy for an enterprise value of C$676 million, Canadian Natural Resources reports second quarter adjusted loss of C$772 million, production up 14%, Husky Energy reports second quarter net loss of C$304 million, production down 8%, Cenovus Energy reports second-quarter 2020 net loss of C$235 million, production up 5%, Suncor Energy reports second quarter operating loss of C$1.5 billion due to lower realizations, production down 18%.

The profit amounted to 22 cents per share for the Calgary-based oil and gas company. Adjusted funds flow from oper In a press release, Canadian Natural Resources Limited reported first quarter 2020 net loss of C$1,282 million, compared with a net income of C$961 million a year ago. Adjusted net loss was C$295 million, compared with an adjusted net income of C$838 million a year ago.

Adjusted funds flow from operations was C$1,337 million, compared with C$2,240 million a year ago. The reported ($0.65) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.76) by $0.11. Copyright © 2020 IHS Herold Inc. All rights reserved. No information or opinions contained herein constitutes a representation or solicitation for the purchase of any securities of the companies mentioned herein. Funds flow from operations was C$2,240 million, compared with C$2,323 million a year ago. "Just to be clear though, this is a good problem to have," said Laut. Funds flow from operations was C$2,240 million, compared with C$ The information contained herein has been obtained from sources believed to be reliable, but IHS Herold does not guarantee their accuracy or completeness.

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