Canadian Natural Resources (CNQ) Capital Expenditures (2009 - 2026)
Canadian Natural Resources (CNQ) reported Capital Expenditures of -$1.5 billion for Q1 2026, down 68.77% on a YoY basis from -$4.9 billion in Q1 2025, and down 247.94% sequentially from $1.0 billion in Q4 2025.
Canadian Natural Resources (CNQ) Capital Expenditures (2009 - 2026) Analysis & Trends
Canadian Natural Resources (CNQ) has 18 years of Capital Expenditures data on file, last reported at -$1.5 billion in Q1 2026.
- For the quarter ending Q1 2026, Capital Expenditures fell 68.77% year-over-year to -$1.5 billion; the trailing twelve-month figure through Mar 2026 stood at $2.7 billion (up 167.83% YoY), and the FY2025 full-year result was -$4.8 billion, down 23.64% from the prior year.
- Capital Expenditures retreated to -$1.5 billion in Q1 2026, from $1.0 billion in the prior quarter.
- In the past five years, Capital Expenditures ranged from a high of $1.7 billion in Q3 2025 to a low of -$1.5 billion in Q1 2026.
- A 5-year average of -$564.6 million and a median of -$903.9 million in 2025 frame the typical range for Capital Expenditures.
- Across the five-year window, Capital Expenditures plunged 85.61% in 2022 and jumped 270.97% in 2025, its largest moves.
- Tracing CNQ's Capital Expenditures over 5 years: stood at -$901.7 million in 2022, then climbed by 21.55% to -$707.4 million in 2023, then retreated by 29.64% to -$917.0 million in 2024, then surged by 212.45% to $1.0 billion in 2025, then plunged by 247.94% to -$1.5 billion in 2026.
- Business Quant data shows CNQ's Capital Expenditures at -$1.5 billion in Q1 2026, $1.0 billion in Q4 2025, and $1.7 billion in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capital Expenditures (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 141.43 Bn | 135.06 Bn | 9.48 Bn | 2.95 Bn |
| 2 | Eog Resources | 74.61 Bn | 70.76 Bn | - | 153.00 Mn |
| 3 | Diamondback Energy | 55.39 Bn | 55.39 Bn | 4.22 Bn | 933.00 Mn |
| 4 | Woodside Energy | 41.28 Bn | 35.34 Bn | 2.71 Bn | - |
| 5 | Occidental Petroleum | 32.80 Bn | 28.99 Bn | 4.87 Bn | 1.55 Bn |
| 6 | Eqt | 32.48 Bn | 32.37 Bn | 1.42 Bn | 650.17 Mn |
| 7 | Texas Pacific Land | 27.36 Bn | 27.11 Bn | - | - |
| 8 | Devon Energy | 26.53 Bn | 24.72 Bn | 3.61 Bn | 839.00 Mn |
| 9 | Expand Energy | 21.67 Bn | 19.37 Bn | 4.21 Bn | 707.00 Mn |
| 10 | Canadian Natural Resources | 13.17 Bn | 12.58 Bn | 6.72 Bn | -1.53 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -1.53 Bn |
| Mar 31, 2026 | -1.53 Bn |
| Dec 31, 2025 | 1.03 Bn |
| Dec 31, 2025 | 1.03 Bn |
| 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 |