Canadian Natural Resources (CNQ) Asset Writedowns and Impairment (2009 - 2020)

Canadian Natural Resources (CNQ) reported Asset Writedowns and Impairment of $2.3 million for Q3 2020, down 95.63% on a YoY basis from $51.5 million in Q4 2019, and down 98.87% sequentially from $199.9 million in Q1 2020.

Canadian Natural Resources (CNQ) Asset Writedowns and Impairment (2009 - 2020) Analysis & Trends

Canadian Natural Resources (CNQ) has 9 years of Asset Writedowns and Impairment data on file, last reported at $2.3 million in Q3 2020.

  • For the quarter ending Q3 2020, Asset Writedowns and Impairment fell 95.63% year-over-year to $2.3 million; the trailing twelve-month figure through Sep 2020 stood at $367.3 million (up 59.57% YoY), and the FY2019 full-year result was $241.9 million, down 16.23% from the prior year.
  • Asset Writedowns and Impairment declined to $2.3 million in Q3 2020, from $199.9 million in the prior quarter.
  • In the past five years, Asset Writedowns and Impairment ranged from a high of $199.9 million in Q1 2020 to a low of $2.3 million in Q3 2020.
  • A 4-year average of $73.2 million and a median of $68.1 million in 2018 frame the typical range for Asset Writedowns and Impairment.
  • Peak annual rise in Asset Writedowns and Impairment reached 659.56% in 2020, while the deepest fall reached 95.63% in 2020.
  • Tracing CNQ's Asset Writedowns and Impairment over 4 years: stood at $72.5 million in 2017, then surged by 40.0% to $101.5 million in 2018, then increased by 11.92% to $113.6 million in 2019, then slumped by 98.02% to $2.3 million in 2020.
  • Business Quant data shows CNQ's Asset Writedowns and Impairment at $2.3 million in Q3 2020, $199.9 million in Q1 2020, and $113.6 million in Q4 2019.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Conocophillips 141.43 Bn 135.06 Bn 9.48 Bn
2 Eog Resources 74.61 Bn 70.76 Bn -
3 Diamondback Energy 55.39 Bn 55.39 Bn 4.22 Bn
4 Woodside Energy 41.28 Bn 35.34 Bn 2.71 Bn
5 Occidental Petroleum 32.80 Bn 28.99 Bn 4.87 Bn
6 Eqt 32.48 Bn 32.37 Bn 1.42 Bn
7 Texas Pacific Land 27.36 Bn 27.11 Bn -
8 Devon Energy 26.53 Bn 24.72 Bn 3.61 Bn
9 Expand Energy 21.67 Bn 19.37 Bn 4.21 Bn
10 Canadian Natural Resources 13.17 Bn 12.58 Bn 6.72 Bn

Historic Data

Download Data
DateValue
Sep 30, 2020 2.25 Mn
Sep 30, 2020 2.25 Mn
Mar 31, 2020 199.90 Mn
Mar 31, 2020 199.90 Mn
Dec 31, 2019 113.62 Mn
Dec 31, 2019 113.62 Mn
Sep 30, 2019 51.52 Mn
Sep 30, 2019 51.52 Mn
Jun 30, 2019 50.82 Mn
Jun 30, 2019 50.82 Mn
Mar 31, 2019 26.32 Mn
Mar 31, 2019 26.32 Mn
Dec 31, 2018 101.52 Mn
Dec 31, 2018 101.52 Mn
Sep 30, 2018 68.08 Mn
Sep 30, 2018 68.08 Mn
Jun 30, 2018 29.46 Mn
Jun 30, 2018 29.46 Mn
Mar 31, 2018 89.41 Mn
Mar 31, 2018 89.41 Mn