Canadian Natural Resources Reports Q3 Adjusted EPS of CA$1.65

Canadian Natural Resources Limited reported Q3 2026 adjusted net earnings of $3.4 billion and adjusted funds flow of approximately $5.5 billion. The company achieved its $13 billion net debt target during the quarter, with net debt decreasing to $12.1 billion as of September 30, 2026. Following this milestone, the company announced that 100% of its free cash flow is now targeted for allocation to share repurchases. Total quarterly production reached approximately 1,652,000 BOE/d, inclusive of a planned turnaround at the Horizon facility. The company also reported record quarterly thermal in situ production of approximately 300,000 bbl/d and record North American conventional E&P liquids production of approximately 358,000 bbl/d.