Canadian Natural Resources Limited

Canadian Natural Resources Limited

CNQ
Canadian Natural Resources LimitedUS flagNew York Stock Exchange
45.70
USD
-1.96
- -
95.33BMarket Cap
Canadian Natural Resources Limited
CNQ
(New York Stock Exchange)

Recent

price

45.70

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
6.58
7.08
7.38
8.24
9.76
6.02
5.45
7.81
9.14
10.24
7.4
13.91
21.82
18.71
19.53
21.12
15.07
Revenue per Share
0.77
1.21
0.86
1.04
1.8
-0.29
-0.09
1.02
1.06
2.27
-0.18
3.24
4.82
3.77
2.87
5.17
4.01
Basic EPS, GAAP
0.44
0.02
0.05
-0.07
3.87
2.57
1.57
3.04
4.04
3.68
1.99
6.13
8.54
5.64
6.25
7.17
6.76
Free Cash Flow per Basic Share
0.14
0.17
0.2
0.24
0.44
0.57
0.34
0.53
0.64
0.73
0.83
0.92
2.17
1.78
2.08
2.33
2.35
Dividend per Share
7.91
10.44
11.04
11.82
13.21
12.48
11.9
13.5
13.07
14.68
13.7
15.64
16.73
18.17
18.42
21.11
- -
Book Value per Share
9.36
10.45
11.07
11.84
13.23
12.52
11.93
13.47
13.12
14.69
13.7
15.64
16.82
18.25
18.57
21.22
- -
Tangible Book Value per Share
2,176
2,191
2,194
2,177
2,184
2,188
2,201
2,350
2,438
2,382
2,364
2,362
2,270
2,183
2,126
2,091
2,087
Basic Weighted Avg Shares
14,322
15,507
16,195
17,945
21,301
13,167
12,002
18,360
22,282
24,394
17,491
32,854
49,530
40,835
41,509
44,167
31,455
Sales/Revenue/Turnover
21.03
27.86
18.85
17.63
22.82
-5.64
-10.66
12.72
21.76
22.92
-2.54
28.95
29.8
25.63
23.43
18.62
15.7
Operating Margin (%)
4,120
3,604
4,328
4,844
4,880
5,483
4,858
5,186
5,161
5,546
6,046
5,724
7,353
6,413
6,681
7,607
9,391
Depreciation Expense
1,673
2,643
1,892
2,270
3,929
-637
-204
2,397
2,591
5,416
-435
7,664
10,937
8,233
6,106
10,820
8,362
Net Income, GAAP
41.52
32.4
27.48
25.23
23.9
- -
- -
16.57
26.43
- -
- -
22.67
20.19
19.01
24.23
18.28
17.57
Effective Tax Rate (%)
11.68
17.04
11.68
12.65
18.45
-4.84
-1.7
13.06
11.63
22.2
-2.49
23.33
22.08
20.16
14.71
24.5
26.58
Profit Margin (%)
-1,597
-1,253
-2,062
-3,018
-1,653
-536
-756
-1,364
-1,742
-2,150
-717
-1,480
-1,594
-268
-2,226
-399
- -
Working Capital
8,088
8,212
7,938
8,217
13,022
15,065
14,993
20,581
19,482
18,591
20,110
13,694
11,041
9,819
16,419
16,176
- -
LT Debt
20,368
22,898
24,283
25,772
28,891
27,381
26,267
31,653
31,974
34,991
32,380
36,945
38,175
39,832
39,468
44,366
- -
Total Equity
5.97
9.56
6.8
6.85
9.4
- -
- -
4.01
6.68
- -
- -
13.74
22.61
16.69
13.52
11.21
14.04
Return on Invested Capital (%)
6.99
10.18
6.7
7.26
10.7
- -
- -
6.18
5.96
- -
- -
15.62
22.7
17.61
12.2
19.65
30.7
Return on Capital (%)
9.11
13.19
8.03
9.09
14.4
-2.27
-0.76
8.28
8.15
16.21
-1.29
22.11
29.2
21.21
15.49
25.97
41.66
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
829
441
- -
LT Borrowings
16,439
16,176
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2,085
2,082
- -
Market Capitalization
93,361
97,208
141,494

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
7,181
7,664
- -
Cash, Cash Equivalents & STI
113
673
- -
Accounts Receivable, Net
3,745
3,999
- -
Inventories
2,769
2,621
- -
Total Current Liabilities
8,313
8,063
- -
Payables & Accruals
6,020
5,957
- -
ST Debt
829
441
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.27%
6.65%
12.41%
Free Cash Flow
27.44%
45.13%
12.77%
Net Income, GAAP
-312.64%
-358.5%
77.2%
Sales/Revenue/Turnover
17.57%
25.82%
6.4%
Total Cash Common Dividend
21.51%
28.22%
9.98%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
9,422
10,622
10,401
11,064
41,509
2025
12,712
9,675
11,070
10,710
44,167
2026
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.46
0.8
1.07
0.54
2.87
2025
1.17
1.17
0.29
2.55
5.17
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.5
0.53
0.53
0.53
2.08
2025
0.56
0.59
0.59
0.59
2.33
2026
0.59
- -
- -
- -
- -
Business
Canadian Natural Resources Limited (CNQ) is a leading independent crude oil and natural gas producer engaged in the acquisition, exploration, development, production, marketing, and sale of crude oil, natural gas, and natural gas liquids (NGLs) primarily in Western Canada, the U.K. North Sea, and Offshore Africa. Founded in 1973 and headquartered in Calgary, Alberta, the company operates a diversified portfolio encompassing natural gas from Northeast British Columbia and Northwest Alberta including the Montney and Deep Basin formations; light and medium crude oil along with NGLs such as ethane, propane, and butane; primary heavy crude oil and Pelican Lake heavy crude oil enhanced by its world-class polymer flood project; bitumen via thermal in situ methods at projects including Primrose, Wolf Lake, Kirby North, Kirby South, and Jackfish; and synthetic crude oil (SCO) from mining and upgrading operations at its 100%-owned Horizon Oil Sands Mine and Upgrader, 90% working interest in the Muskeg River and Jackpine mines, and the Shell-operated Scotford Upgrader, supported by the Quest Carbon Capture and Storage facility. Canadian Natural maintains one of the largest undeveloped land bases for natural gas and significant thermal in situ opportunities, targeting refineries, utilities, industrial users, petrochemical plants, and global oil markets with integrated operations across upstream production, midstream transportation via pipelines and rail, and marketing. In recent developments, the company completed its acquisition of Chevron's Alberta assets in late 2024 for US$6.5 billion, securing a 20% interest in the Athabasca Oil Sands Project (AOSP) including Albian mines and Duvernay light crude oil assets, followed by a 2025 AOSP swap transaction with Shell that granted 100% ownership of Albian mines while retaining an 80% non-operated interest in Scotford Upgrader and Quest; acquired Grande Prairie liquids-rich Montney assets and the Palliser Block in 2025 adding approximately $690 million in unbudgeted net acquisition capital; and announced over $15 billion in oil sands expansions in November 2025 including Jackfish brownfield expansion, Pike 2 SAGD facility, Jackpine Mine expansion, and Horizon North Mine expansion with potential to add 340,000 bbl/d of bitumen production.

Company News

APIChat
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  • Amending and Replacing - Canadian Natural Resources Limited Announces Quarterly Dividend - May 7, 2026

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  • Three dividend aristocrats abroad, one troubling sign for income investors

  • Canadian Natural Q1 Earnings & Revenues Beat Estimates, Increase YoY

  • Canadian Natural Resources Q1 Earnings Call Highlights

  • Canadian Natural Resources Limited Reports Voting Results at Annual Meeting

  • Canadian Natural Resources: Rising Shareholder Returns Support Further Upside

  • Canadian Natural Resources Limited (CNQ:CA) Q1 2026 Earnings Call Transcript

  • This 150% Run Is Just the Beginning

  • Canadian Natural Resources (CNQ) Surpasses Q1 Earnings and Revenue Estimates

  • Canadian Natural Resources Limited Announces 2026 First Quarter Results

  • Canadian Natural Resources Limited Announces Quarterly Dividend