Canadian Natural Resources CNQ
NYSE CNQ
$51.40 +0.37 (+0.73%)
At close: Aug 21, 2026 · 4:00 PM EDT

Canadian Natural Resources (CNQ) Capital Expenditures (2009 - 2026)

Canadian Natural Resources (CNQ) posted Capital Expenditures of -$1.5 billion for Q1 2026, down 271.98% sequentially from $887.0 million in Q4 2025, and down 68.77% YoY from -$4.9 billion in Q1 2025.

Canadian Natural Resources (CNQ) Capital Expenditures (2009 - 2026) Analysis & Trends

Canadian Natural Resources has reported Capital Expenditures for 18 years, with the latest figure at -$1.5 billion in Q1 2026.

  • Quarterly Capital Expenditures fell 68.77% year-over-year to -$1.5 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $2.6 billion (up 164.22% YoY) and the FY2025 annual result came in at -$4.8 billion, down 23.64% from the prior year.
  • Capital Expenditures retreated to -$1.5 billion in Q1 2026 per CNQ's latest filing, from $887.0 million in the prior quarter.
  • Over five years, Capital Expenditures peaked at $1.7 billion in Q3 2025 and troughed at -$1.5 billion in Q1 2026.
  • A 5-year average of -$573.1 million and a median of -$903.9 million in 2025 frame the typical range for Capital Expenditures.
  • The sharpest annual moves came in 2022 and 2025: Capital Expenditures slumped 85.61% in 2022, then soared 270.97% in 2025.
  • Over 5 years, Capital Expenditures stood at -$901.7 million in 2022, then rose by 21.55% to -$707.4 million in 2023, then dropped by 29.64% to -$917.0 million in 2024, then jumped by 196.73% to $887.0 million in 2025, then plunged by 271.98% to -$1.5 billion in 2026.
  • According to Business Quant data, Capital Expenditures over the past three periods registered -$1.5 billion, $887.0 million, and $1.7 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Capex (Qtr)
1 Conocophillips 164.44 Bn 156.75 Bn 12.81 Bn 3.02 Bn
2 Canadian Natural Resources 106.98 Bn 105.09 Bn 10.66 Bn -1.72 Bn
3 Eog Resources 80.47 Bn 75.56 Bn - 1.64 Bn
4 Diamondback Energy 59.28 Bn 58.82 Bn 5.55 Bn 996.00 Mn
5 Woodside Energy 46.13 Bn 40.18 Bn 6.02 Bn -
6 Devon Energy 46.12 Bn 45.11 Bn 6.02 Bn 1.32 Bn
7 Occidental Petroleum 39.25 Bn 35.10 Bn 7.73 Bn 1.59 Bn
8 Eqt 33.67 Bn 33.56 Bn 1.42 Bn 650.17 Mn
9 Texas Pacific Land 26.50 Bn 26.25 Bn - 102.81 Mn
10 Expand Energy 22.89 Bn 21.63 Bn 2.33 Bn 753.00 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -1.53 Bn
Mar 31, 2026 -1.53 Bn
Dec 31, 2025 887.04 Mn
Dec 31, 2025 887.04 Mn
Sep 30, 2025 1.68 Bn
Sep 30, 2025 1.68 Bn
Jun 30, 2025 1.52 Bn
Jun 30, 2025 1.52 Bn
Mar 31, 2025 -903.90 Mn
Mar 31, 2025 -903.90 Mn
Dec 31, 2024 -917.00 Mn
Dec 31, 2024 -917.00 Mn
Sep 30, 2024 -983.02 Mn
Sep 30, 2024 -983.02 Mn
Jun 30, 2024 -1.19 Bn
Jun 30, 2024 -1.19 Bn
Mar 31, 2024 -774.77 Mn
Mar 31, 2024 -774.77 Mn
Dec 31, 2023 -707.36 Mn
Dec 31, 2023 -707.36 Mn