Investing.com - Canadian Natural reported third quarter earnings that beat analysts' expectations on Thursday and revenue that topped forecasts.
The firm reported earnings per share of C$1.04 on revenue of C$5.75B. Analysts polled by Investing.com expected EPS of C$0.77 on revenue of C$5.72B. That compared to EPS of C$1.11 on revenue of C$5.47B in the same period a year earlier. The company had reported EPS of C$0.87 on revenue of C$5.56B in the previous quarter.
Canadian Natural shares gained 4.98% to trade at C$35.84 in intra-day trade following the report.
For the year, Canadian Natural shares are up 8.8%, under-performing the S&P/TSX which is up 18.7% year to date.
Canadian Natural follows other major Energy sector earnings this month
On Friday, November 1, 2019, TC Energy reported third quarter EPS of C$1.04 on revenue of C$3.13B, compared to forecasts of EPS of C$1 on revenue of C$3.54B.
Pembina Pipeline earnings beat analyst's expectations on Friday, November 1, 2019, with third quarter EPS of C$0.66 on revenue of C$1.7B. Investing.com analysts expected EPS of C$0.6 on revenue of C$1.94B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar