Replay available

Canadian Natural Resources Limited (CNQ) Q3 2025 Earnings Call

Canadian Natural Resources Limited (NYSE: CNQ) Q3 2025 earnings conference call, held 2025-11-06. Replay captured from the company's public earnings webcast.

Thu, November 6, 2025 at 11:00 AMendedReplay
Canadian Natural Resources Limited (CNQ) Q3 2025 Earnings Call

Hosted by

Featured presenters

Lance Kasson

Manager of Investor Relations

Scott Stealth

President

Victor Durrell

Chief Financial Officer

Manav Gupta

Analyst, UBS

Dennis Fong

Analyst, CIBC World Markets

Dog Legate

Analyst, Wolfe Research

Greg Pardy

Analyst, RBC Capital Markets

Mino Halshof

Analyst, TD Cowen

Investor webinar replay

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Replay transcript excerpt

WEBVTT 00:00:00.149 -- 00:00:06.396 Good morning. We would like to welcome everyone to Canadian Naturals 2025 00:00:06.396 -- 00:00:10.918 Third Quarter Earnings Conference Call and Webcast. 00:00:11.161 -- 00:00:15.865 After the presentation, we will conduct a question and answer session. 00:00:15.865 -- 00:00:19.209 Instructions will be given at that time. 00:00:19.209 -- 00:00:24.434 Please note that this call is being recorded today, November 6, 2025, 00:00:24.434 -- 00:00:26.895 at 9 a.m. 00:00:27.177 -- 00:00:29.140 Mountain Time. 00:00:29.140 -- 00:00:34.407 I would now like to turn the meeting over to your host for today's call, Lance Kasson, 00:00:34.407 -- 00:00:38.272 Manager of Investor Relations. Please go ahead. 00:00:38.272 -- 00:00:40.635 Lance Kasson Thank you, Operator. Good morning. 00:00:40.635 -- 00:00:45.602 Thanks for joining Canadian Natural's 2025 Third Quarter Earnings Conference Call. 00:00:45.602 -- 00:00:49.527 As always, I'd like to remind you of our forward-looking statements, and it should be 00:00:49.527 -- 00:00:53.512 noted that in our reporting disclosures, everything is in Canadian dollars unless otherwise 00:00:53.512 -- 00:00:58.081 stated, and we report our reserves and production before royalties. 00:00:58.081 -- 00:01:02.708 Also, I would suggest review the advisory section in our financial statements that includes 00:01:02.708 -- 00:01:05.632 comments on non-GAAP disclosure. 00:01:05.632 -- 00:01:09.138 Speaking on today's call will be Scott Stealth, our President, and Victor Durrell, our 00:01:09.138 -- 00:01:13.244 Chief Financial Officer. Additionally in the room with us this morning are Robin Zabeck, 00:01:13.244 -- 00:01:17.571 CEO of E&P, and Jay Frock, CEO of OilSams. 00:01:17.571 -- 00:01:20.755 Scott will begin by r...