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Canadian Natural Resources Limited (CNQ)
NYSE: CNQ · Real-Time Price · USD
48.44
+0.65 (1.36%)
At close: Oct 2, 2026, 4:00 PM EDT
48.25
-0.19 (-0.39%)
After-hours: Oct 2, 2026, 7:58 PM EDT

Canadian Natural Resources Cash Flow Statement

Millions CAD. Fiscal year is Jan - Dec.

Operating Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Net Income
11,75410,8206,1068,23310,9377,664
Depreciation & Amortization
8,1928,0336,9106,3436,0145,909
Loss (Gain) From Sale of Investments
-4,972-4,972-50-34-182-132
Stock-Based Compensation
594180279491804514
Other Operating Activities
2,377373884-2631,739-441
Change in Other Net Operating Assets
-132672-743-2,41779964
Operating Cash Flow
17,81315,10613,38612,35319,39114,478
Operating Cash Flow Growth
28.78%12.85%8.36%-36.30%33.93%207.13%

Investing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Capital Expenditures
-8,156-6,791-5,383-4,909-5,136-4,493
Cash Acquisitions
---9,163---
Investment in Securities
--575--128
Other Investing Activities
305104-12451149662
Investing Cash Flow
-7,851-6,687-14,095-4,858-4,987-3,703

Financing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Long-Term Debt Issued
-1,6348,105---
Long-Term Debt Repaid
--3,455-1,333-701-4,242-7,171
Lease Payments
-397-361-325-285-232-209
Net Debt Issued (Repaid)
-927-1,8216,772-701-4,242-7,171
Issuance of Common Stock
431264280372442707
Repurchase of Common Stock
-2,012-1,449-2,660-3,318-5,571-1,581
Common Dividends Paid
-4,982-4,871-4,429-3,891-3,222-2,170
Other Financing Activities
----69-
Financing Cash Flow
-7,490-7,877-37-7,538-14,228-10,215

Net Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Net Cash Flow
2,472542-746-43176560

Free Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
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%
Free Cash Flow Margin
21.62%21.45%22.45%20.70%33.70%33.22%
Free Cash Flow Per Share
4.623.963.743.386.204.21
Levered Free Cash Flow
7,4206,4226,7656,07811,5229,067
Unlevered Free Cash Flow
8,0997,0717,1866,51011,9419,531
Free Cash Flow After Leases
9,2607,9547,6787,15914,0239,776

Additional Metrics

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash Interest Paid
907978586602613-
Cash Income Tax Paid
2,1001,7221,1443,3173,057-62
Change in Working Capital
-132672-743-2,41779964
SEC Filings: 10-K · 10-Q