Canadian Historical Income Statement
| CNQ Stock | USD 76.91 0.16 0.21% |
Historical analysis of Canadian Natural income statement accounts such as Interest Expense of 333.6 M, Selling General Administrative of 990.1 M or Total Revenue of 37.8 B can show how well Canadian Natural Resources performed in making a profits. Evaluating Canadian Natural income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Canadian Natural's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Canadian Natural Res latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Canadian Natural Res is a good buy for the upcoming year.
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About Canadian Income Statement Analysis
Canadian Natural Res Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Canadian Natural shareholders. The income statement also shows Canadian investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Canadian Natural Income Statement Chart
Canadian Natural Resources Income Statement is one of the three primary financial statements used for reporting Canadian's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Canadian Natural Res revenue and expense. Canadian Natural Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Canadian Natural's EBITDA is relatively stable compared to the past year. As of 04/25/2024, Cost Of Revenue is likely to grow to about 25.8 B, while Tax Provision is likely to drop slightly above 738.8 M. Add Fundamental
Total Revenue
Total revenue comprises all receipts Canadian Natural Res generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Canadian Natural Res. It is also known as Canadian Natural overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Most accounts from Canadian Natural's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Canadian Natural Res current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Canadian Natural Resources. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. At this time, Canadian Natural's EBITDA is relatively stable compared to the past year. As of 04/25/2024, Cost Of Revenue is likely to grow to about 25.8 B, while Tax Provision is likely to drop slightly above 738.8 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 711M | 549M | 636M | 333.6M | Depreciation And Amortization | 5.7B | 7.4B | 6.8B | 7.1B |
Canadian Natural income statement Correlations
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Canadian Natural Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Canadian Natural income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 5.5B | 6.0B | 5.7B | 7.4B | 6.8B | 7.1B | |
| Interest Expense | 836M | 756M | 711M | 549M | 636M | 333.6M | |
| Selling General Administrative | 567M | 309M | 880M | 1.2B | 943M | 990.2M | |
| Total Revenue | 24.4B | 17.5B | 32.9B | 49.5B | 36.0B | 37.8B | |
| Gross Profit | 6.3B | 69M | 10.6B | 16.3B | 11.4B | 12.0B | |
| Other Operating Expenses | 18.8B | 17.9B | 23.3B | 34.8B | 25.5B | 26.8B | |
| Operating Income | 5.6B | (445M) | 9.5B | 14.8B | 10.5B | 11.0B | |
| Ebit | 5.6B | (445M) | 9.5B | 14.8B | 10.5B | 11.0B | |
| Ebitda | 11.1B | 5.6B | 15.2B | 22.1B | 17.2B | 18.1B | |
| Cost Of Revenue | 18.0B | 17.4B | 22.3B | 33.3B | 24.6B | 25.8B | |
| Total Operating Expenses | 757M | 514M | 1.1B | 1.5B | 943M | 1.6B | |
| Income Before Tax | 5.0B | (873M) | 9.9B | 13.7B | 10.2B | 10.7B | |
| Total Other Income Expense Net | (636M) | (428M) | 399M | (1.1B) | (299M) | (284.1M) | |
| Net Income | 5.4B | (435M) | 7.7B | 10.9B | 8.2B | 8.6B | |
| Income Tax Expense | (460M) | (438M) | 2.2B | 2.8B | 1.9B | 2.0B | |
| Net Income From Continuing Ops | 5.4B | (435M) | 7.7B | 10.9B | 7.1B | 7.5B | |
| Net Income Applicable To Common Shares | 5.4B | (435M) | 7.7B | 10.9B | 12.6B | 13.2B | |
| Tax Provision | (460M) | (438M) | 2.2B | 2.8B | 1.4B | 738.8M | |
| Interest Income | 636M | 645M | 479M | 1.1B | 55M | 52.3M | |
| Net Interest Income | (836M) | (756M) | (711M) | (549M) | (595M) | (624.8M) | |
| Reconciled Depreciation | 5.5B | 6.0B | 5.7B | 7.4B | 7.5B | 6.7B |
Pair Trading with Canadian Natural
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Canadian Natural position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Canadian Natural will appreciate offsetting losses from the drop in the long position's value.Moving together with Canadian Stock
| 0.96 | AR | Antero Resources Corp Earnings Call Today | PairCorr |
| 0.97 | PR | Permian Resources Financial Report 13th of May 2024 | PairCorr |
| 0.96 | SD | SandRidge Energy Earnings Call This Week | PairCorr |
| 0.98 | SM | SM Energy | PairCorr |
Moving against Canadian Stock
| 0.69 | EP | Empire Petroleum Corp | PairCorr |
The ability to find closely correlated positions to Canadian Natural could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canadian Natural when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Canadian Natural - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Canadian Natural Resources to buy it.
The correlation of Canadian Natural is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Canadian Natural moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canadian Natural Res moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Canadian Natural can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Canadian Natural Resources. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Complementary Tools for Canadian Stock analysis
When running Canadian Natural's price analysis, check to measure Canadian Natural's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Canadian Natural is operating at the current time. Most of Canadian Natural's value examination focuses on studying past and present price action to predict the probability of Canadian Natural's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canadian Natural's price. Additionally, you may evaluate how the addition of Canadian Natural to your portfolios can decrease your overall portfolio volatility.
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Is Canadian Natural's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Canadian Natural. If investors know Canadian will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Canadian Natural listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.765 | Dividend Share 3.7 | Earnings Share 5.43 | Revenue Per Share 32.958 | Quarterly Revenue Growth (0.01) |
The market value of Canadian Natural Res is measured differently than its book value, which is the value of Canadian that is recorded on the company's balance sheet. Investors also form their own opinion of Canadian Natural's value that differs from its market value or its book value, called intrinsic value, which is Canadian Natural's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Canadian Natural's market value can be influenced by many factors that don't directly affect Canadian Natural's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Canadian Natural's value and its price as these two are different measures arrived at by different means. Investors typically determine if Canadian Natural is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Canadian Natural's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.