Canadian Natural Resources Limi (CNQ) Q2 2026 earnings — TrendMatrix coverage

Reported EPS

$2.19

Estimate

$2.03

Surprise

+7.7%

Score at report (before → after)

5.3 → 5.2/10

Revenue for this quarter isn’t shown: the reported figure hasn’t cleared TrendMatrix’s freshness and sanity checks yet, and consensus revenue isn’t tracked. EPS above is the available figure.

Canadian Natural Resources Limi (CNQ) beat the $2.03 estimate with diluted EPS of $2.19 — a clear 7.7% upside surprise. TrendMatrix's engine moved from Buy (Wait) (5.3/10) to Hold at 5.2/10 after the report — the engine's score fell despite the beat.

TrendMatrix currently rates CNQ Buy (Wait) at 6.7/10.

4 of the last 4 quarters beat the estimate; this quarter's +7.7% surprise compares with a +10.3% four-quarter average. Next scheduled report: 2026-11-05.

This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.

Current price

$50.70

Entry target

$48.77

Price target

$57.87

Stop

$46.15

Upside to target

+14.1%

Model outputs from TrendMatrix’s engine as of 2026-09-15 — shown for context, not personalized investment advice.

Energy results are commodity-price arithmetic first; the operational beat or miss is read net of what the strip already told the market.

Industry

Oil & Gas E&P

Market cap

$103.22B

P/E (fwd)

13.0

P/E (ttm)

12.3

52-week range

$29.68–$52.31

Off 52-week high

3.1%

RSI (14)

51

Volume vs avg

1.24×

Score today

6.7/10