CNRL Q3 2026 net earnings rise year over year to CAD 3 billion
CNQ•Canadian Natural’s adjusted net earnings from operations rose 90% year over year to CAD 3.43 billion in Q3 2026, while adjusted funds flow increased 41% to CAD 5.52 billion.
1. Earnings and production
Canadian Natural reported adjusted net earnings from operations of CAD 3.43 billion, up 90% year over year, and adjusted funds flow of CAD 5.52 billion, up 41%. Total production rose year over year to 1,651,720 BOE/d, including the planned Horizon turnaround.
2. Turnaround and buybacks
The Horizon turnaround finished seven days early, adding approximately 23,000 bbl/d of synthetic crude production in Q4 2026 versus budget. The company is targeting CAD 800 million per month in share repurchases in November and December 2026.
