Canadian Natural Resources Limited (CNQ)
NYSE: CNQ · Real-Time Price · USD
51.40
+0.37 (0.73%)
Aug 21, 2026, 4:00 PM EDT - Market closed

Canadian Natural Resources Financials Overview

Millions CAD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal QuarterQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingJun '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 Sep '21
Revenue
14,74110,8109,6099,5168,69810,9399,4688,8939,0518,2449,5539,8957,8908,6309,68910,45711,47510,6779,2137,711
Revenue Growth
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%71.20%
Gross Profit
8,3145,4444,6794,6054,0745,4274,7604,5994,4173,8035,1485,5573,3494,1324,7796,1466,5066,1825,2794,433
Operating Income
6,3522,3541,8799222,0593,3002,5902,8232,5571,7502,8133,5221,6752,4301,1294,5695,0274,0173,4772,823
Net Income
4,5031,3485,3036002,4592,4581,1382,2661,7159872,6272,3441,4631,7991,5202,8143,5023,1012,5342,202
Earnings Per Share
2.150.642.540.291.171.170.541.060.800.461.211.060.660.810.681.251.501.311.070.93
EPS Growth
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%438.42%

Revenue by Segment

Fiscal QuarterQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingJun '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 Sep '21
North America
6,8605,4514,5904,4104,6795,2734,5043,8824,7154,1844,4314,8163,9944,0764,6524,9706,7315,6324,8043,730
North Sea
85389129591581059413414416579194322951222133198142
Offshore Africa
27-3229111157220589901731401719614214317922248163
Oil Sands Mining & Upgrading
7,0084,8584,4834,4673,5824,9174,5454,4073,7963,5794,5224,5733,1214,0844,3564,9724,0344,3494,0183,509
Midstream & Refining
369300229130159243214211236234256257218271226155336269217200
Revenue (Total)
14,74110,8109,6099,5168,69810,9399,4688,8939,0518,2449,5539,8957,8908,6309,68910,45711,47510,6779,2137,711

Cash & Debt

Fiscal QuarterQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingJun '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 Sep '21
Cash & Investments
2,618808673113102931387219151,3671,4146906465761,4149686005171,0531,200
Total Debt
20,18320,02019,72318,71818,46118,83420,28311,51711,69712,57512,35413,12913,67913,55912,98514,47914,16915,46316,27818,380
Net Cash (Debt)
-17,565-19,212-19,050-18,605-18,359-18,741-20,145-10,796-10,782-11,208-10,940-12,439-13,033-12,983-11,571-13,511-13,569-14,946-15,225-17,180
Net Cash Growth
--------------------
Net Cash Per Share
-8.40-9.17-9.12-8.88-8.74-8.89-9.50-5.06-5.02-5.19-5.02-5.65-5.89-5.84-5.17-5.97-5.82-6.33-6.43-7.25

Cash Flow & CapEx

Fiscal QuarterQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingJun '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 Sep '21
Operating Cash Flow
6,8233,2823,7683,9403,1144,2843,4323,0024,0842,8684,8153,4982,7451,2954,5446,0985,8962,8534,7124,290
Capital Expenditures
-2,405-2,178-1,449-2,124-1,915-1,303-1,300-1,349-1,625-1,113-975-1,111-1,569-1,257-1,233-1,135-1,380-1,388-1,554-957
Free Cash Flow
4,4181,1042,3191,8161,1992,9812,1321,6532,4591,7553,8402,3871,176383,3114,9634,5161,4653,1583,333
Free Cash Flow Growth
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%145.80%

Margins

Fiscal QuarterQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingJun '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 Sep '21
Gross Margin
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%57.49%
Operating Margin
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%36.61%
Pretax Margin
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%36.43%
Profit Margin
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%28.56%
FCF Margin
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%43.22%

Dividends

Fiscal QuarterQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingJun '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 Sep '21
Dividend Per Share
0.6250.6250.5880.5880.5880.5880.5630.5250.5250.5250.5000.4500.4500.4500.4250.3750.3750.3750.2940.235
Dividend Per Share Growth
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%10.59%
Dividend Yield
4.32%3.55%5.16%5.40%5.53%5.27%5.17%5.04%4.52%4.15%4.81%4.62%5.25%5.06%4.87%5.30%4.56%3.66%4.70%5.04%

Valuation

Fiscal QuarterQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingJun '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 Sep '21
PE Ratio
9.9314.588.9513.9710.7712.2715.3412.5213.5314.9511.4213.4410.738.537.616.037.049.598.219.35
P/FCF Ratio
12.0922.0011.6511.4411.2510.0811.719.809.9512.1112.6413.868.596.415.845.116.409.326.307.45
PS Ratio
2.613.672.502.412.362.422.632.662.833.122.622.652.222.041.971.722.042.642.092.12