Canadian Natural Resources (CNQ) Asset Utilization Ratio (2009 - 2026)
Canadian Natural Resources' (CNQ) quarterly Asset Utilization Ratio came in at 2.23 in Q1 2026, up 2.67% year-on-year from 2.17 in Q1 2025, and little changed quarter-over-quarter from 2.23 in Q4 2025.
Canadian Natural Resources (CNQ) Asset Utilization Ratio (2009 - 2026) Analysis & Trends
Canadian Natural Resources has disclosed Asset Utilization Ratio across 18 years of filings, most recently posting 2.23 for Q1 2026.
- Asset Utilization Ratio for Q1 2026 came in at 2.23, up 2.67% year-over-year; the trailing twelve-month figure through Mar 2026 was 2.23 (up 2.67% YoY), and the FY2025 annual result was 2.15, down 7.63% from the prior year.
- Asset Utilization Ratio came in at 2.23 for Q1 2026 at Canadian Natural Resources, roughly flat from 2.23 in the prior quarter.
- In the past five years, Asset Utilization Ratio ranged from a high of 2.73 in Q4 2022 to a low of 2.02 in Q3 2024.
- The 5-year median for Asset Utilization Ratio is 2.17 (2025), against an average of 2.25.
- Across the five-year window, Asset Utilization Ratio jumped 65.69% in 2022 and dropped 23.28% in 2023, its largest moves.
- Canadian Natural Resources' Asset Utilization Ratio stood at 2.73 in 2022, then decreased by 23.28% to 2.1 in 2023, then fell by 3.13% to 2.03 in 2024, then climbed by 9.9% to 2.23 in 2025, then advanced by 0.06% to 2.23 in 2026.
- The last three Asset Utilization Ratio figures came in at 2.23 (Q1 2026), 2.23 (Q4 2025), and 2.18 (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | Woodside Energy | 630.08 Bn | 624.14 Bn | - | - |
| 2 | Canadian Natural Resources | 388.31 Bn | 388.31 Bn | 6.72 Bn | 2.23 |
| 3 | Conocophillips | 142.98 Bn | 136.61 Bn | 9.48 Bn | 0.47 |
| 4 | Eog Resources | 72.93 Bn | 69.08 Bn | - | 0.45 |
| 5 | Occidental Petroleum | 55.91 Bn | 52.73 Bn | 4.87 Bn | 0.24 |
| 6 | Diamondback Energy | 54.95 Bn | 61.11 Bn | 4.22 Bn | 0.22 |
| 7 | Vista Energy, S.A.B. de C.V | 35.18 Bn | 34.56 Bn | 472.36 Mn | 0.39 |
| 8 | Eqt | 32.94 Bn | 36.28 Bn | 2.98 Bn | 0.25 |
| 9 | Vermilion Energy | 31.24 Bn | 31.05 Bn | 370.10 Mn | 577.71 |
| 10 | Devon Energy | 27.08 Bn | 27.08 Bn | 3.61 Bn | 0.54 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 2.23 |
| Dec 31, 2025 | 2.23 |
| Sep 30, 2025 | 2.18 |
| Jun 30, 2025 | 2.15 |
| Mar 31, 2025 | 2.17 |
| Dec 31, 2024 | 2.03 |
| Sep 30, 2024 | 2.02 |
| Jun 30, 2024 | 2.09 |
| Mar 31, 2024 | 2.03 |
| Dec 31, 2023 | 2.10 |
| Sep 30, 2023 | 2.10 |
| Jun 30, 2023 | 2.27 |
| Mar 31, 2023 | 2.65 |
| Dec 31, 2022 | 2.73 |
| Sep 30, 2022 | 2.73 |
| Jun 30, 2022 | 2.46 |
| Mar 31, 2022 | 2.08 |
| Dec 31, 2021 | 1.97 |
| Sep 30, 2021 | 1.80 |
| Jun 30, 2021 | 1.57 |