Investing.com - Canadian Natural reported first quarter earnings that beat analysts' expectations on Thursday and revenue that topped forecasts.
The firm reported earnings per share of C$0.7 on revenue of C$4.94B. Analysts polled by Investing.com forecast EPS of C$0.51 on revenue of C$4.84B. That compared to EPS of C$0.71 on revenue of C$4.9B in the same period a year earlier. The company had reported EPS of C$-0.21 on revenue of C$3.12B in the previous quarter.
For the year, Canadian Natural shares are up 15.09%, broadly in line with the S&P/TSX which is up 15.4% year to date.
Canadian Natural follows other major Energy sector earnings this month
On Friday, May 3, 2019, TransCanada reported first quarter EPS of C$1.07 on revenue of C$3.49B, compared to forecasts of EPS of C$1.01 on revenue of C$3.66B.
Pembina Pipeline earnings missed analyst's expectations on Thursday, May 2, 2019, with first quarter EPS of C$0.55 on revenue of C$1.97B. Investing.com analysts expected EPS of C$0.6 on revenue of C$2.11B
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