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Canadian Natural Resources Q4 cash flow, profit slides

Stockhouse Editorial
0 Comments| March 7, 2013

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Canadian Natural Resources (TSX: T.CNQ, Stock Forum) Thursday reported its fourth-quarter and year end 2012 results, this according to a company news release.

Canadian Natural's Q4 cash flow fell 28% to $1.55 billion, while its revenue slipped 12% to $3.70 billion.

On an adjusted basis, earnings for the quarter were $359 million, or 33 cents per share. The analyst consensus was for earnings of 39 cents per share on revenue of $3.59 billion, according to Thomson Reuters I/B/E/S.

Canada's No.1 independent oil producer added it is raising its quarterly dividend for 2013 by 19% to 12.5 cents per share.


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