financetom
Business
financetom
/
Business
/
Canadian Natural Resources beats profit estimates on higher production
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Canadian Natural Resources beats profit estimates on higher production
Aug 7, 2025 2:45 AM

Aug 7 (Reuters) - Canadian Natural Resources ( CNQ )

surpassed Wall Street expectations for second-quarter profit on

Thursday, benefiting from higher oil and natural gas production.

Oil producers in the country have been benefiting from the

start up of the Trans Mountain pipeline expansion (TMX) project.

The TMX has nearly tripled the flow of oil to Canada's

Pacific Coast from the landlocked Alberta, raised the price of

Canadian crude and opened up market access to refineries in Asia

and the U.S. West Coast.

Calgary, Alberta-based Canadian Natural said its total

output rose to 1.42 million barrels of oil equivalent per day

(boepd) during the second quarter, from 1.29 million boepd a

year earlier.

The country's largest oil and gas producer posted an

adjusted profit of 71 Canadian cents per share for the three

months ended June 30, compared with analysts' average estimate

of 65 Canadian cents, according to data compiled by LSEG.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
High Flood Scores Recorded For Municipal Bond Offerings This Week
High Flood Scores Recorded For Municipal Bond Offerings This Week
Oct 27, 2025
08:59 AM EDT, 10/27/2025 (MT Newswires) -- Multiple municipal bond offerings this week have a high exposure to climate risk, specifically high Flood Scores, according to ICE Climate Data. A $56 million offering from Mount Pleasant, S.C., records a Flood Score of 4.8 out of 5.0, ICE reports. Locations with a component Physical Climate Risk Score, which includes Flood, Wildfire...
Sector Update: Consumer
Sector Update: Consumer
Oct 27, 2025
08:56 AM EDT, 10/27/2025 (MT Newswires) -- Consumer stocks were mixed pre-bell Monday, with the Consumer Staples Select Sector SPDR Fund (XLP) up 0.2% and the Consumer Discretionary Select Sector SPDR Fund (XLY) marginally lower. Keurig Dr Pepper ( KDP ) shares were up more than 10% after the beverage company reported higher Q3 adjusted earnings and net sales. Keurig...
Gryphon Investors Completes $1.6 Billion Sale of Shermco to Blackstone
Gryphon Investors Completes $1.6 Billion Sale of Shermco to Blackstone
Oct 27, 2025
SAN FRANCISCO, Oct. 27, 2025 /PRNewswire/ -- Gryphon Investors (Gryphon), a leading middle-market private investment firm, announced today that it has completed the sale of its portfolio company Shermco (the Company), a leader in electrical testing, engineering, maintenance and repair, to private equity funds affiliated with Blackstone . The transaction, valued at approximately $1.6 billion, was previously announced on August 21, 2025....
Janus Henderson Shares Rise Pre-Bell After $46-a-Share Buyout Offer From Trian, General Catalyst
Janus Henderson Shares Rise Pre-Bell After $46-a-Share Buyout Offer From Trian, General Catalyst
Oct 27, 2025
08:56 AM EDT, 10/27/2025 (MT Newswires) -- Janus Henderson Group ( JHG ) said Monday it received a non-binding acquisition proposal from Trian Fund Management and General Catalyst to buy all outstanding shares not already owned by Trian for $46 a share in cash. Trian Fund Management, which together with its affiliated funds holds a 20.4% stake in Janus, said...
Copyright 2023-2026 - www.financetom.com All Rights Reserved