Canadian Natural Resources (CNQ) Asset Writedowns and Impairment (2013 - 2020)
Canadian Natural Resources (CNQ) posted Asset Writedowns and Impairment of $2.3 million for Q3 2020, down 98.87% sequentially from $199.9 million in Q1 2020, and down 95.63% YoY from $51.5 million in Q4 2019.
Canadian Natural Resources (CNQ) Asset Writedowns and Impairment (2013 - 2020) Analysis & Trends
Canadian Natural Resources has reported Asset Writedowns and Impairment for 7 years, with the latest figure at $2.3 million in Q3 2020.
- Quarterly Asset Writedowns and Impairment fell 95.63% year-over-year to $2.3 million in Q3 2020, while the trailing twelve-month figure through Sep 2020 was $367.3 million (up 59.57% YoY) and the FY2019 annual result came in at $241.9 million, down 16.23% from the prior year.
- Asset Writedowns and Impairment declined to $2.3 million in Q3 2020 per CNQ's latest filing, from $199.9 million in the prior quarter.
- Over five years, Asset Writedowns and Impairment peaked at $199.9 million in Q1 2020 and troughed at $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.
- The widest YoY moves for Asset Writedowns and Impairment: up 659.56% in 2020, down 95.63% in 2020.
- Over 4 years, Asset Writedowns and Impairment stood at $72.5 million in 2017, then surged by 40.0% to $101.5 million in 2018, then advanced by 11.92% to $113.6 million in 2019, then sank by 98.02% to $2.3 million in 2020.
- According to Business Quant data, Asset Writedowns and Impairment over the past three periods registered $2.3 million, $199.9 million, and $113.6 million for Q3 2020, Q1 2020, and Q4 2019 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Conocophillips | 164.44 Bn | 156.75 Bn | 12.81 Bn |
| 2 | Canadian Natural Resources | 106.98 Bn | 105.09 Bn | 10.66 Bn |
| 3 | Eog Resources | 80.47 Bn | 75.56 Bn | - |
| 4 | Diamondback Energy | 59.28 Bn | 58.82 Bn | 5.55 Bn |
| 5 | Woodside Energy | 46.13 Bn | 40.18 Bn | 6.02 Bn |
| 6 | Devon Energy | 46.12 Bn | 45.11 Bn | 6.02 Bn |
| 7 | Occidental Petroleum | 39.25 Bn | 35.10 Bn | 7.73 Bn |
| 8 | Eqt | 33.67 Bn | 33.56 Bn | 1.42 Bn |
| 9 | Texas Pacific Land | 26.50 Bn | 26.25 Bn | - |
| 10 | Expand Energy | 22.89 Bn | 21.63 Bn | 2.33 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |