Canadian Natural Resources (CNQ) Beats Q2 Earnings, Boosts Oil Sands Output and Dividend Outlook

Canadian Natural Resources Limited (NYSE:CNQ) ranks among the best stocks to buy for retirement. On August 21, Canadian Natural Resources Limited (NYSE:CNQ) published Q2 2025 earnings, which showed strong financial performance with an EPS of $0.71, exceeding analyst expectations of $0.63. This 12.7% surprise came alongside an actual revenue of $8.7 billion, which was marginally higher than the predicted $8.68 billion.

In addition to a 3% increase in thermal in situ output, the company recorded a 13% increase in oil sands mining and upgrading production of 463,800 barrels per day. Looking ahead, Canadian Natural Resources Limited (NYSE:CNQ) intends to keep oil sands mining production at 600,000 barrels per day and complete the AOSP swap in Q3 2025. The company also predicts continuing dividend growth and achieving a net debt reduction of $15 billion by 2026.

Canadian Natural Resources Limited (NYSE:CNQ) is a Canadian energy company focused on the exploration, development, and production of crude oil, natural gas, and natural gas liquids. The company operates in markets across North America and abroad through its varied portfolio, which includes oil sands mining, conventional oil and gas activities, and offshore initiatives.

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Disclosure: None. This article is originally published at Insider Monkey.