Canadian Natural Resources Q4 EPS Shy of Estimates; Board Sets Quarterly Dividend of $0.125 Per Share


Canadian Natural Resource Ltd ( CNQ ) reported fourth quarter adjusted net earnings of $359 million, or $0.33 per share, compared to consensus estimate of $0.37. Sales for the quarter totaled $4.1 billion. In the prior-year period, adjusted net earnings were $972 million, or $0.88 per share, on sales of $4.8 billion.

The company forecasts 2013 production levels before royalties to average between 1,085 and 1,145 MMcf/d of natural gas and between 482,000 and 513,000 bbl/d of crude oil and NGLs.

The company's Board of Directors also declared a quarterly cash dividend on its common shares of C$0.125 per common share, payable April 1, 2013 to shareholders of record at the close of business on March 15, 2013.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Commodities

Referenced Stocks: CNQ

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