Earnings call briefThird-quarter 2026
Canadian Natural Resources targets 800 million Canadian dollars in monthly buybacks
Canadian Natural Resources said it expects shareholder returns to remain strong into 2027, with the monthly target covering November and December 2026.
GetSignal Canadian Natural Resources CNQ
On its third-quarter call, Canadian Natural Resources said it is targeting monthly share repurchases of 800 million Canadian dollars in both November and December 2026, effective immediately.
President Scott Stauth said the company is extending the Horizon turnaround interval from once every 2 years to once every 3 years, which increases average production capacity by about 5,000 barrels per day of high-value SCO.
Quotes from the call
“To further enhance visibility around shareholder returns, effective immediately, we are targeting monthly share repurchases of $800 million in both November and December 2026.”
Key facts from the call
- Monthly share repurchase target
- 800 million Canadian dollars in November and December 2026
- Horizon turnaround interval
- Once every 3 years, up from once every 2 years
Source: Canadian Natural Resources' third-quarter 2026 earnings call, November 5, 2026.
Written by GetSignal with AI from the company's earnings call.
Not investment advice.
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