Canadian Natural Resources Limited (CNQ)

Canadian Natural Resources Income Statement

Financials in millions CAD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	38,351	35,656	35,968	42,298	30,057	16,893
Revenue Growth (YoY)	7.78%	-0.87%	-14.96%	40.73%	77.93%	-26.14%
Cost of Revenue	19,148	18,077	17,782	18,685	13,756	10,778
Gross Profit	19,203	17,579	18,186	23,613	16,301	6,115
Selling, General & Admin	529	503	452	415	366	391
Other Operating Expenses	375	396	390	246	214	198
Operating Expenses	7,933	7,859	7,746	8,818	6,818	6,553
Operating Income	11,270	9,720	10,440	14,795	9,483	-438
Interest Expense	-777	-673	-691	-670	-743	-828
Interest & Investment Income	65	81	55	121	32	72
Earnings From Equity Investments	-	-	-	-	400	-
Currency Exchange Gain (Loss)	-785	-1,125	305	-738	120	275
EBT Excluding Unusual Items	9,773	8,003	10,109	13,508	9,292	-919
Gain (Loss) on Sale of Investments	-25	56	56	196	141	-171
Other Unusual Items	-	-	-	-	478	217
Pretax Income	9,748	8,059	10,165	13,704	9,911	-873
Income Tax Expense	2,171	1,953	1,932	2,767	2,247	-438
Net Income	7,577	6,106	8,233	10,937	7,664	-435
Net Income to Common	7,577	6,106	8,233	10,937	7,664	-435
Net Income Growth	2.10%	-25.84%	-24.72%	42.71%	-	-
Shares Outstanding (Basic)	2,115	2,126	2,183	2,270	2,363	2,364
Shares Outstanding (Diluted)	2,128	2,140	2,204	2,298	2,373	2,364
Shares Change (YoY)	-2.75%	-2.90%	-4.09%	-3.15%	0.40%	-0.95%
EPS (Basic)	3.58	2.87	3.77	4.82	3.24	-0.18
EPS (Diluted)	3.56	2.85	3.74	4.76	3.23	-0.18
EPS Growth	4.75%	-23.80%	-21.43%	47.37%	-	-
Free Cash Flow	9,229	8,003	7,444	14,255	9,985	2,154
Free Cash Flow Per Share	4.34	3.74	3.38	6.20	4.21	0.91
Dividend Per Share	2.200	2.138	1.850	1.550	0.999	0.850
Dividend Growth	14.29%	15.54%	19.36%	55.19%	17.51%	13.33%
Gross Margin	50.07%	49.30%	50.56%	55.83%	54.23%	36.20%
Operating Margin	29.39%	27.26%	29.03%	34.98%	31.55%	-2.59%
Profit Margin	19.76%	17.13%	22.89%	25.86%	25.50%	-2.57%
Free Cash Flow Margin	24.07%	22.45%	20.70%	33.70%	33.22%	12.75%
EBITDA	18,142	16,328	16,510	22,429	15,392	5,813
EBITDA Margin	47.30%	45.79%	45.90%	53.03%	51.21%	34.41%
D&A For EBITDA	6,872	6,608	6,070	7,634	5,909	6,251
EBIT	11,270	9,720	10,440	14,795	9,483	-438
EBIT Margin	29.39%	27.26%	29.03%	34.98%	31.55%	-2.59%
Effective Tax Rate	22.27%	24.23%	19.01%	20.19%	22.67%	-
Revenue as Reported	38,351	35,656	35,968	42,298	30,057	16,893

Updated Mar 26, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q