Canadian Natural Resources Limited Announces 2017 First Quarter Results

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Canadian Natural Resources (CNQ) Posts Q1 EPS of C$0.22

May 4, 2017 6:14 AM EDT

Canadian Natural Resources (NYSE: CNQ) reported Q1 EPS of Cdn$0.22, versus (Cdn$0.10) last year.

"The strength of our well balanced and diverse portfolio, combined with Canadian Natural's ability to effectively and efficiently execute, delivered a strong first quarter for the Company. Funds flow from operations were strong in the quarter, exceeding capital expenditures by approximately $800 million, and as a direct result, contributed to over $500 million of debt reduction in the quarter,... More