Canadian Natural Resources Ltd

CNQ: XTSE (CAN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Canadian Natural Resources Earnings: Amended Debt Target Accelerates Shareholder Returns

Adam Baker

Mar 6, 2026

Canadian Natural Resources tweaked its capital return plan by increasing the net debt required for expanded returns by CAD 1 billion. It also increased the base dividend by 6%. Management lowered organic capital guidance, having deferred development of the Jackpine mine expansion.

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Canadian Natural Resources Ltd

Canadian Natural Resources Earnings: Amended Debt Target Accelerates Shareholder Returns

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