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
DateValue
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