Canadian Natural Resources Limited (CNQ:CA) Q2 2026 Earnings Call Transcript

SA Transcripts 161.57K Followers Follow Canadian Natural Resources Limited ( CNQ:CA ) Q2 2026 Earnings Call August 6, 2026 11:00 AM EDT Company Participants Lance Casson - Manager of Investor Relations Scott Stauth - President & Director Victor Darel - CFO & Principal Accounting Officer Conference Call Participants Dennis Fong - CIBC Capital Markets, Research Division Patrick O'Rourke - ATB Cormark Capital Markets Inc., Research Division Menno Hulshof - TD Cowen, Research Division Neil Mehta - Goldman Sachs Group, Inc., Research Division Presentation Operator Good morning. We would like to welcome everyone to Canadian Natural's 2026 Second Quarter Earnings Conference Call and Webcast. [Operator Instructions] Please note that this call is being recorded today, August 6, 2026 at 9:00 a.m. Mountain Time. I would now like to turn the meeting over to your host for today's call, Lance Casson, Manager of Investor Relations. Lance Casson Manager of Investor Relations Good morning, everyone and thank you for joining Canadian Natural's 2026 Second Quarter Results Conference Call. Before we begin, I'd like to remind you of our forward-looking statements. And it should be noted that in our reporting disclosures, everything is in Canadian dollars, unless otherwise stated and report reserves and production before royalties. Also, I would suggest to review the advisory section and our financial statements that include comments on non-GAAP disclosures. Speaking on today's call will be Scott Stauth, our President; and Victor Darel, our Chief Financial Officer. As usual, also in the room with us this morning is Robin Zabek, CEO of E&P; Jay Froc, CEO of Oil Sands; and Ron Laing, Chief Commercial Officer. Scott will begin by going through our numerous operational records and leading our operating costs as our teams continue to execute in the quarter. Victor will then go through our strong financial results, significant returns to shareholders and material net debt reduction. To close, Scott