Canadian Natural Resources Q1 Earnings Call Highlights

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Canadian Natural Resources (NYSE:CNQ) reported beardown first-quarter 2026 accumulation and currency flow, with absorption highlighting grounds output crossed respective operations, accelerating indebtedness simplification and accrued shareholder returns during its net telephone Thursday.

President Scott Stauth said quarterly accumulation averaged astir 1.643 cardinal barrels of lipid equivalent per time successful Q1 2026, including full liquids accumulation of astir 1.198 cardinal barrels per day. He said 66% of liquids accumulation was made up of synthetic crude oil, airy crude lipid and earthy state liquids.

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Stauth said the institution delivered aggregate accumulation records successful the quarter, including grounds North American exploration and accumulation liquids output of astir 773,000 barrels of lipid equivalent per day, grounds liquids accumulation of 329,000 barrels per time and grounds earthy state accumulation of 2.668 cardinal cubic feet per day. He besides cited grounds quarterly accumulation astatine Jackfish of astir 134,000 barrels per day.

Oil sands assets thrust accumulation spot

Stauth said Canadian Natural’s lipid sands mining and upgrading assets achieved April accumulation of astir 630,000 barrels per day, representing astir 52% of Q1 liquids production, with upgrader utilization of 106%.

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