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BRIEF-Canadian Natural Resources Reports Qtrly Adjusted Earnings Per Share Of $0.15

Published 2021-03-04, 05:14 a/m
© Reuters.
CNQ
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March 4 (Reuters) - Canadian Natural Resources Ltd CNQ.TO :

* QTRLY EARNINGS PER SHARE $0.63

* QTRLY ADJUSTED EARNINGS PER SHARE $0.15

* QTRLY ADJUSTED FUNDS FLOW $1.44 PER SHARE

* GENERATED $694 MILLION IN FREE CASH FLOW IN Q4/20

* IN Q4 THE COMPANY ACHIEVED RECORD QUARTERLY PRODUCTION VOLUMES OF 1,201,198 BOE/D, INCREASES OF 4%

* INCREASES DIVIDEND BY 11% TO $1.88 PER SHARE ANNUALLY

* CANADIAN NATURAL RESOURCES - LIQUIDS PRODUCTION WAS STRONG IN Q4/20 AVERAGING 927,190 BBL/D, COMPARABLE TO Q4/19 LEVELS

* CANADIAN NATURAL RESOURCES - CORPORATE NATURAL GAS PRODUCTION WAS 1,644 MMCF/D IN Q4/20, INCREASES OF 13% FROM Q4/19

* CANADIAN NATURAL RESOURCES - AT CURRENT 2021 ANNUAL STRIP PRICING, TARGETS TO GENERATE ANNUAL FREE CASH FLOW OF ABOUT $4.9 BILLION TO $5.4 BILLION

* CANADIAN NATURAL RESOURCES - 2021 YEAR END DEBT TO ADJUSTED EBITDA TARGETED TO IMPROVE TO ABOUT 1.2X

* CANADIAN NATURAL RESOURCES - SEES FY 2021 TARGETED PRODUCTION RANGE OF 1,190 MBOE/D TO 1,260 MBOE/D, INCREASE OF 5% AT THE MID-POINT FROM 2020 LEVELS

* CANADIAN NATURAL RESOURCES -2021 YEAR-END DEBT TO BOOK CAPITALIZATION TARGETED TO IMPROVE TO ABOUT 29%, AT MID-POINT OF TARGETED FREE CASH FLOW RANGE

* CANADIAN NATURAL - 2021 CAPITAL PROGRAM OF ABOUT $3.2 BILLION, PROVIDES A TARGETED PRODUCTION RANGE OF 1,190 MBOE/D TO 1,260 MBOE/D

* Q4 EARNINGS PER SHARE VIEW C$0.13, REVENUE VIEW C$4.65 BILLION -- REFINITIV IBES DATA

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