Canadian Natural Resources Limited (CNQ)
NYSE: CNQ · Real-Time Price · USD
47.97
+0.37 (0.78%)
At close: Aug 14, 2026, 4:00 PM EDT
48.20
+0.23 (0.48%)
After-hours: Aug 14, 2026, 5:56 PM EDT

Canadian Natural Resources Financials Overview

Millions CAD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
44,67638,76235,65635,96842,29830,057
Revenue Growth
17.57%8.71%-0.87%-14.96%40.73%77.93%
Gross Profit
23,04218,78517,57918,18623,61316,301
Operating Income
11,5078,1609,72010,46614,7959,483
Net Income
11,75410,8206,1068,23310,9377,664
Earnings Per Share
5.625.162.853.744.763.23
EPS Growth
42.73%81.05%-23.80%-21.43%47.37%-

Revenue by Segment

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
North America
21,31118,95217,28517,31721,98515,387
North Sea
243337477441635610
Offshore Africa
-187456580686437
Oil Sands Mining & Upgrading
20,81617,44916,32716,30017,71113,025
Midstream & Refining
1,0287618951,002986759
Revenue (Total)
44,67638,76235,65635,96842,29830,057

Cash & Debt

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
2,6186731381,4141,4141,053
Total Debt
20,18319,72320,28312,35412,98516,278
Net Cash (Debt)
-17,565-19,050-20,145-10,940-11,571-15,225
Net Cash Growth
------
Net Cash Per Share
-8.40-9.08-9.41-4.96-5.03-6.42

Cash Flow & CapEx

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
17,81315,10613,38612,35319,39114,478
Capital Expenditures
-8,156-6,791-5,383-4,909-5,136-4,493
Free Cash Flow
9,6578,3158,0037,44414,2559,985
Free Cash Flow Growth
21.24%3.90%7.51%-47.78%42.76%363.56%

Margins

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
51.58%48.46%49.30%50.56%55.83%54.23%
Operating Margin
25.76%21.05%27.26%29.10%34.98%31.55%
Pretax Margin
33.47%34.16%22.60%28.26%32.40%32.97%
Profit Margin
26.31%27.91%17.13%22.89%25.86%25.50%
FCF Margin
21.62%21.45%22.45%20.70%33.70%33.22%

Dividends

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Dividend Per Share
1.7492.3502.1381.8501.5500.999
Dividend Per Share Growth
7.70%9.94%15.54%19.36%55.19%17.51%
Dividend Yield
3.65%5.16%5.17%4.81%4.87%4.70%

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
12.128.9515.3411.427.618.21
P/FCF Ratio
14.1011.6511.7012.645.846.30
PS Ratio
3.122.502.632.621.972.09