Once these most recent quarterly results are finalized, they will be run through TheStreet.com Ratings' model and our ratings will be adjusted accordingly. To keep up to date on all of our ratings, visit TheStreet.com Ratings Screener. Canadian Natural Resources Limited ( CNQ) reported on March 5, 2009 that its Q4 FY08 earnings more than doubled to Canadian dollar (Cdn$) 1.77 billion or Cdn$3.27 per share from Cdn$798.00 million or Cdn$1.48 per share, helped by a Cdn$2.41 billion net gain from risk management. Adjusted earnings from operations surged 27.7% to Cdn$697.00 million or Cdn$1.29 per share from Cdn$546.00 million or Cdn$1.02 per share. The most recent consensus estimate was $0.76 per share. Revenue before royalties dropped 21.5% to Cdn$2.51 billion, hurt by lower production levels before royalties. Revenues net of royalties from North America, North Sea, Offshore West-Africa, and Midstream declined 17.6%, 28.7%, 26.8%, and 10.5% to Cdn$1.86 billion, Cdn$261.00 million, Cdn$172.00 million, and Cdn$17.00 million, respectively. Natural gas daily production before royalties declined 10.2% to 1,427 million cubic feet per day (Mmcf/d). Crude oil and natural gas liquids (NGLs) daily production before royalties slipped 8.2% to 309.57 million barrels per day (Mbbl/d). Total production before royalties dropped to 547.40 million barrels equivalent of oil per day (MBoe/d) from 601.91 MBoe/d. FY08 net earnings soared 91.1% to Cdn$4.99 billion or Cdn$9.22 per share from Cdn$2.61 billion or Cdn$4.84 per share FY07. Adjusted net earnings from operations surged 45.1% to Cdn$3.49 billion or Cdn$6.46 per share. Revenue before royalties grew 28.9% to Cdn$16.17 billion from Cdn$12.54 billion. The company expects Q1 FY09 production before royalties between 1,365 Mmcf/d and 1,394 Mmcf/d of natural gas and between 320.00 Mbbl/d and 344.00 Mbbl/d of crude oil and NGLs. The company expects FY09 total natural gas production levels before royalties between 1,272 Mmcf/d and 1,328 Mmcf/d and crude oil and NGL production is expected between 331.00 MBbl/d and 399.00 MBbl/d.