Canadian Natural Resources Q1 Profit Climbs; Tops Estimates - Quick Facts

(RTTNews) - Canadian Natural Resources Ltd. (CNQ, CNQ.TO) reported Thursday that its first-quarter net earnings climbed to C$961 million from last year's C$583 million. Earnings per share grew to C$0.80 from C$0.47 a year ago.

Adjusted net earnings were C$838 million or C$0.70 per share, compared to C$885 million or C$0.71 per share a year ago.

On average, 10 analysts polled by Thomson Reuters expected earnings of C$0.52 per share for the quarter. Analysts' estimates typically exclude special items.

Equivalent production in the quarter declined to 1.04 million barrels of oil equivalent per day or BOE/d from last year's 1.08 million BOE/d.