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Canadian Natural Resources Limited (CNQ)
NYSE: CNQ · Real-Time Price · USD
48.55
-0.37 (-0.76%)
At close: Nov 6, 2026, 4:00 PM EST
48.67
+0.12 (0.26%)
After-hours: Nov 6, 2026, 7:39 PM EST

Canadian Natural Resources Financials Overview

Millions CAD. Fiscal year is Jan - Dec.

Revenue & Profits
Chart
Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period EndingSep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Revenue
12,79314,74110,8109,6099,5168,69810,9399,4688,8939,0518,2449,5539,8957,8908,6309,68910,45711,47510,6779,213
Revenue Growth
34.44%69.48%-1.18%1.49%7.01%-3.90%32.69%-0.89%-10.13%14.71%-4.47%-1.40%-5.37%-31.24%-19.17%5.17%35.61%75.86%61.58%83.60%
Gross Profit
6,9388,3145,4444,6794,6054,0745,4274,7604,5994,4173,8035,1485,5573,3494,1324,7796,1466,5066,1825,279
Operating Income
4,1246,3522,3541,8799222,0593,3002,5902,8232,5571,7502,8133,5221,6752,4301,1294,5695,0274,0173,477
Net Income
2,9974,5031,3485,3036002,4592,4581,1382,2661,7159872,6272,3441,4631,7991,5202,8143,5023,1012,534
Earnings Per Share
1.452.150.642.540.291.171.170.541.060.800.461.211.060.660.810.681.251.501.311.07
EPS Growth
404.59%83.76%-45.30%371.77%-72.89%46.25%154.35%-55.72%0%21.21%-43.21%78.03%-14.86%-56.00%-38.40%-36.29%33.87%130.77%126.72%240.20%

Revenue by Segment
Chart
Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period EndingSep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
North America
6,2166,8605,4514,5904,4104,6795,2734,5043,8824,7154,1844,4314,8163,9944,0764,6524,9706,7315,6324,804
North Sea
6685389129591581059413414416579194322951222133198
Offshore Africa
10527-3229111157220589901731401719614214317922248
Oil Sands Mining & Upgrading
5,7777,0084,8584,4834,4673,5824,9174,5454,4073,7963,5794,5224,5733,1214,0844,3564,9724,0344,3494,018
Midstream & Refining
391369300229130159243214211236234256257218271226155336269217
Other
2383921631844512082332894811363019210084166-72-
Revenue (Total)
12,79314,74110,8109,6099,5168,69810,9399,4688,8939,0518,2449,5539,8957,8908,6309,68910,45711,47510,6779,213

Cash & Debt
Chart
Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period EndingSep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Cash & Investments
4,5162,618808673113102931387219151,3671,4146906465761,4149686005171,053
Total Debt
19,57620,18320,02019,72318,71818,46118,83420,28311,51711,69712,57512,35413,12913,67913,55912,98514,47914,16915,46316,278
Net Cash (Debt)
-15,060-17,565-19,212-19,050-18,605-18,359-18,741-20,145-10,796-10,782-11,208-10,940-12,439-13,033-12,983-11,571-13,511-13,569-14,946-15,225
Net Cash Growth
--------------------
Net Cash Per Share
-7.27-8.40-9.17-9.12-8.88-8.74-8.89-9.50-5.06-5.02-5.19-5.02-5.65-5.89-5.84-5.17-5.97-5.82-6.33-6.43

Cash Flow & CapEx
Chart
Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period EndingSep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Operating Cash Flow
7,0106,8233,2823,7683,9403,1144,2843,4323,0024,0842,8684,8153,4982,7451,2954,5446,0985,8962,8534,712
Capital Expenditures
-1,883-2,405-2,178-1,449-2,124-1,915-1,303-1,300-1,349-1,625-1,113-975-1,111-1,569-1,257-1,233-1,135-1,380-1,388-1,554
Free Cash Flow
5,1274,4181,1042,3191,8161,1992,9812,1321,6532,4591,7553,8402,3871,176383,3114,9634,5161,4653,158
Free Cash Flow Growth
182.32%268.47%-62.97%8.77%9.86%-51.24%69.86%-44.48%-30.75%109.10%4518.42%15.98%-51.90%-73.96%-97.41%4.84%48.91%166.27%-18.38%478.39%

Margins
Chart
Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period EndingSep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Gross Margin
54.23%56.40%50.36%48.69%48.39%46.84%49.61%50.28%51.72%48.80%46.13%53.89%56.16%42.45%47.88%49.32%58.77%56.70%57.90%57.30%
Operating Margin
32.24%43.09%21.78%19.55%9.69%23.67%30.17%27.36%31.74%28.25%21.23%29.45%35.59%21.23%28.16%11.65%43.69%43.81%37.62%37.74%
Pretax Margin
30.52%39.94%16.00%71.27%5.12%32.29%28.31%16.75%31.59%24.93%17.08%30.96%31.80%22.46%26.51%13.73%36.00%39.49%38.18%37.01%
Profit Margin
23.43%30.55%12.47%55.19%6.30%28.27%22.47%12.02%25.48%18.95%11.97%27.50%23.69%18.54%20.85%15.69%26.91%30.52%29.04%27.51%
FCF Margin
40.08%29.97%10.21%24.13%19.08%13.79%27.25%22.52%18.59%27.17%21.29%40.20%24.12%14.90%0.44%34.17%47.46%39.36%13.72%34.28%

Dividends
Chart
Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period EndingSep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Dividend Per Share
0.6250.6250.6250.5880.5880.5880.5880.5630.5250.5250.5250.5000.4500.4500.4500.4250.3750.3750.3750.294
Dividend Per Share Growth
6.38%6.38%6.38%4.44%11.91%11.91%11.91%12.50%16.67%16.67%16.67%17.65%20.00%20.00%20.00%44.66%59.57%59.57%59.57%38.26%
Dividend Yield
3.65%4.30%3.52%5.05%5.22%5.28%4.96%4.80%4.61%4.10%3.71%4.22%4.03%4.55%4.34%4.11%4.37%3.63%2.93%3.71%

Valuation
Chart
Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period EndingSep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
PE Ratio
9.759.9314.588.9513.9710.7712.2715.3412.5213.5314.9511.4213.4410.738.537.616.037.049.598.21
P/FCF Ratio
10.6412.0922.0011.6511.4411.2510.0811.719.809.9512.1112.6413.868.596.415.845.116.409.326.30
PS Ratio
2.882.613.672.502.412.362.422.632.662.833.122.622.652.222.041.971.722.042.642.09