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 Income Statement
Financials in millions CAD. Fiscal year is January - December.
Millions CAD. Fiscal year is Jan - Dec.
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
| 14,741 | 10,810 | 9,609 | 9,516 | 8,698 | 10,939 | 9,468 | 8,893 | 9,051 | 8,244 | 9,553 | 9,895 | 7,890 | 8,630 | 9,689 | 10,457 | 11,475 | 10,677 | 9,213 | 7,711 | |
Revenue Growth (YoY) | 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% |
Cost of Revenue | 6,427 | 5,366 | 4,930 | 4,911 | 4,624 | 5,512 | 4,708 | 4,294 | 4,634 | 4,441 | 4,405 | 4,338 | 4,541 | 4,498 | 4,910 | 4,311 | 4,969 | 4,495 | 3,934 | 3,278 |
Gross Profit | 8,314 | 5,444 | 4,679 | 4,605 | 4,074 | 5,427 | 4,760 | 4,599 | 4,417 | 3,803 | 5,148 | 5,557 | 3,349 | 4,132 | 4,779 | 6,146 | 6,506 | 6,182 | 5,279 | 4,433 |
Selling, General & Admin | 159 | 154 | 160 | 152 | 151 | 152 | 127 | 126 | 124 | 126 | 119 | 108 | 119 | 106 | 108 | 94 | 97 | 116 | 97 | 87 |
Other Operating Expenses | 97 | 415 | 19 | 257 | 91 | 79 | 98 | 98 | 100 | 100 | 98 | 92 | 88 | 112 | 94 | 33 | 64 | 108 | 41 | 24 |
Operating Expenses | 1,962 | 3,090 | 2,800 | 3,683 | 2,015 | 2,127 | 2,170 | 1,776 | 1,860 | 2,053 | 2,335 | 2,035 | 1,674 | 1,702 | 3,650 | 1,577 | 1,479 | 2,165 | 1,802 | 1,610 |
Operating Income | 6,352 | 2,354 | 1,879 | 922 | 2,059 | 3,300 | 2,590 | 2,823 | 2,557 | 1,750 | 2,813 | 3,522 | 1,675 | 2,430 | 1,129 | 4,569 | 5,027 | 4,017 | 3,477 | 2,823 |
Interest Expense | -258 | -318 | -263 | -267 | -245 | -264 | -189 | -159 | -165 | -160 | -170 | -183 | -175 | -163 | -169 | -168 | -166 | -167 | -203 | -178 |
Interest & Investment Income | 20 | - | 18 | 174 | 7 | 6 | 47 | 5 | 7 | 22 | 53 | - | - | 9 | 93 | 18 | 6 | 4 | 32 | - |
Currency Exchange Gain (Loss) | -226 | -306 | 225 | -342 | 908 | 55 | -862 | 140 | -118 | -285 | 296 | -234 | 230 | 13 | 184 | -693 | -313 | 137 | 99 | -281 |
Other Non Operating Income (Expenses) | - | - | - | - | - | - | - | - | - | - | - | -4 | -3 | - | - | - | - | - | - | - |
EBT Excluding Unusual Items | 5,888 | 1,730 | 1,859 | 487 | 2,729 | 3,097 | 1,586 | 2,809 | 2,281 | 1,327 | 2,992 | 3,101 | 1,727 | 2,289 | 1,237 | 3,726 | 4,554 | 3,991 | 3,405 | 2,364 |
Gain (Loss) on Sale of Investments | - | - | 4,972 | - | - | - | - | - | -25 | 81 | -34 | 46 | 45 | -1 | 93 | 39 | -22 | 86 | 5 | -33 |
Other Unusual Items | - | - | 17 | - | 80 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 478 |
Pretax Income | 5,888 | 1,730 | 6,848 | 487 | 2,809 | 3,097 | 1,586 | 2,809 | 2,256 | 1,408 | 2,958 | 3,147 | 1,772 | 2,288 | 1,330 | 3,765 | 4,532 | 4,077 | 3,410 | 2,809 |
Income Tax Expense | 1,385 | 382 | 1,545 | -113 | 350 | 639 | 448 | 543 | 541 | 421 | 331 | 803 | 309 | 489 | -190 | 951 | 1,030 | 976 | 876 | 607 |
Net Income | 4,503 | 1,348 | 5,303 | 600 | 2,459 | 2,458 | 1,138 | 2,266 | 1,715 | 987 | 2,627 | 2,344 | 1,463 | 1,799 | 1,520 | 2,814 | 3,502 | 3,101 | 2,534 | 2,202 |
Net Income to Common | 4,503 | 1,348 | 5,303 | 600 | 2,459 | 2,458 | 1,138 | 2,266 | 1,715 | 987 | 2,627 | 2,344 | 1,463 | 1,799 | 1,520 | 2,814 | 3,502 | 3,101 | 2,534 | 2,202 |
Net Income Growth (YoY) | 83.12% | -45.16% | 365.99% | -73.52% | 43.38% | 149.04% | -56.68% | -3.33% | 17.22% | -45.14% | 72.83% | -16.70% | -58.22% | -41.99% | -40.02% | 27.79% | 125.79% | 125.20% | 238.32% | 439.71% |
Shares Outstanding (Basic) | 2,078 | 2,085 | 2,083 | 2,088 | 2,093 | 2,101 | 2,108 | 2,120 | 2,133 | 2,142 | 2,160 | 2,180 | 2,190 | 2,201 | 2,212 | 2,237 | 2,302 | 2,330 | 2,349 | 2,359 |
Shares Outstanding (Diluted) | 2,090 | 2,096 | 2,089 | 2,094 | 2,100 | 2,109 | 2,120 | 2,133 | 2,149 | 2,159 | 2,180 | 2,202 | 2,211 | 2,224 | 2,239 | 2,263 | 2,333 | 2,361 | 2,370 | 2,370 |
Shares Change (YoY) | -0.47% | -0.61% | -1.47% | -1.83% | -2.32% | -2.33% | -2.72% | -3.11% | -2.79% | -2.91% | -2.66% | -2.71% | -5.23% | -5.79% | -5.50% | -4.52% | -2.01% | -0.58% | 0.16% | 0.29% |
EPS (Basic) | 2.17 | 0.65 | 2.55 | 0.29 | 1.17 | 1.17 | 0.54 | 1.07 | 0.80 | 0.46 | 1.22 | 1.08 | 0.67 | 0.82 | 0.69 | 1.26 | 1.52 | 1.33 | 1.08 | 0.93 |
EPS (Diluted) | 2.15 | 0.64 | 2.54 | 0.29 | 1.17 | 1.17 | 0.54 | 1.06 | 0.80 | 0.46 | 1.21 | 1.06 | 0.66 | 0.81 | 0.68 | 1.25 | 1.50 | 1.31 | 1.07 | 0.93 |
EPS Growth (YoY) | 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% |
Additional Metrics
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Free Cash Flow | 4,418 | 1,104 | 2,319 | 1,816 | 1,199 | 2,981 | 2,132 | 1,653 | 2,459 | 1,755 | 3,840 | 2,387 | 1,176 | 38 | 3,311 | 4,963 | 4,516 | 1,465 | 3,158 | 3,333 |
Free Cash Flow Per Share | 2.11 | 0.53 | 1.11 | 0.87 | 0.57 | 1.41 | 1.00 | 0.78 | 1.14 | 0.81 | 1.76 | 1.08 | 0.53 | 0.02 | 1.48 | 2.19 | 1.94 | 0.62 | 1.33 | 1.41 |
Dividend Per Share | 0.625 | 0.625 | 0.588 | 0.588 | 0.588 | 0.588 | 0.563 | 0.525 | 0.525 | 0.525 | 0.500 | 0.450 | 0.450 | 0.450 | 0.425 | 0.375 | 0.375 | 0.375 | 0.294 | 0.235 |
Dividend Growth (YoY) | 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% |
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% |
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% |
Free Cash Flow 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% |
EBITDA | 8,352 | 4,226 | 3,930 | 2,970 | 3,914 | 5,261 | 4,127 | 4,518 | 4,303 | 3,380 | 4,256 | 5,151 | 3,163 | 3,940 | 2,476 | 6,105 | 6,448 | 5,483 | 4,996 | 4,312 |
EBITDA Margin | 56.66% | 39.09% | 40.90% | 31.21% | 45.00% | 48.09% | 43.59% | 50.80% | 47.54% | 41.00% | 44.55% | 52.06% | 40.09% | 45.66% | 25.55% | 58.38% | 56.19% | 51.35% | 54.23% | 55.92% |
D&A For EBITDA | 2,000 | 1,872 | 2,051 | 2,048 | 1,855 | 1,961 | 1,537 | 1,695 | 1,746 | 1,630 | 1,443 | 1,629 | 1,488 | 1,510 | 1,347 | 1,536 | 1,421 | 1,466 | 1,519 | 1,489 |
EBIT | 6,352 | 2,354 | 1,879 | 922 | 2,059 | 3,300 | 2,590 | 2,823 | 2,557 | 1,750 | 2,813 | 3,522 | 1,675 | 2,430 | 1,129 | 4,569 | 5,027 | 4,017 | 3,477 | 2,823 |
EBIT 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% |
Effective Tax Rate | 23.52% | 22.08% | 22.56% | - | 12.46% | 20.63% | 28.25% | 19.33% | 23.98% | 29.90% | 11.19% | 25.52% | 17.44% | 21.37% | - | 25.26% | 22.73% | 23.94% | 25.69% | 21.61% |
Revenue as Reported | 14,741 | 10,810 | 9,609 | 9,516 | 8,698 | 10,939 | 9,468 | 8,893 | 9,051 | 8,244 | 9,553 | 9,895 | 7,890 | 8,630 | 9,689 | 10,457 | 11,475 | 10,677 | 9,213 | 7,711 |