Canadian Natural Resources (CNQ) Capital Expenditures (2009 - 2026)
Canadian Natural Resources' (CNQ) quarterly Capital Expenditures came in at -$1.7 billion in Q2 2026, down 27.9% year-over-year from -$2.4 billion in Q2 2025, and down 12.79% quarter-over-quarter from -$1.5 billion in Q1 2026.
Analysis
Canadian Natural Resources (CNQ) Capital Expenditures (2009 - 2026) Analysis & Trends
Canadian Natural Resources has disclosed Capital Expenditures across 18 years of filings, most recently posting -$1.7 billion for Q2 2026.
- In Q2 2026, Capital Expenditures fell 27.9% year-over-year to -$1.7 billion; the TTM figure through Jun 2026 stood at -$5.8 billion (down 258.69% YoY), while the FY2025 annual figure was -$4.8 billion, down 131.69% from the prior year.
- Capital Expenditures came in at -$1.7 billion for Q2 2026 at Canadian Natural Resources, down from -$1.5 billion in the prior quarter.
- In the past five years, Capital Expenditures ranged from a high of $1.8 billion in Q2 2024 to a low of -$1.7 billion in Q2 2026.
- Average Capital Expenditures over 5 years is $91.4 million, with a median of $128.0 million recorded in 2023.
- Year-over-year, Capital Expenditures jumped 349.87% in 2022 and slumped 196.43% in 2025.
- Over 5 years, Capital Expenditures stood at $1.2 billion in 2022, then fell by 8.84% to $1.1 billion in 2023, then slumped by 181.58% to -$917.0 million in 2024, then dropped by 13.7% to -$1.0 billion in 2025, then tumbled by 65.02% to -$1.7 billion in 2026.
- Per Business Quant data, the three most recent Capital Expenditures figures were -$1.7 billion in Q2 2026, -$1.5 billion in Q1 2026, and -$1.0 billion in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capital Expenditures (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 166.37 Bn | 158.68 Bn | 12.81 Bn | 3.02 Bn |
| 2 | Canadian Natural Resources | 106.24 Bn | 104.35 Bn | 8.84 Bn | -1.72 Bn |
| 3 | Eog Resources | 77.64 Bn | 72.73 Bn | - | 1.64 Bn |
| 4 | Diamondback Energy | 57.73 Bn | 57.26 Bn | 5.55 Bn | 996.00 Mn |
| 5 | Devon Energy | 46.75 Bn | 45.74 Bn | 6.02 Bn | 1.32 Bn |
| 6 | Expand Energy | 23.07 Bn | 21.81 Bn | 2.33 Bn | 753.00 Mn |
| 7 | Permian Resources | 19.87 Bn | 19.61 Bn | - | 521.43 Mn |
| 8 | Ovintiv | 17.94 Bn | 17.05 Bn | 2.83 Bn | 574.00 Mn |
| 9 | Apa | 15.73 Bn | 15.28 Bn | 2.28 Bn | 569.00 Mn |
| 10 | Antero Resources | 12.12 Bn | 11.55 Bn | 1.56 Bn | 307.82 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -1.72 Bn |
| Mar 31, 2026 | -1.53 Bn |
| Dec 31, 2025 | -1.04 Bn |
| Sep 30, 2025 | -1.50 Bn |
| Jun 30, 2025 | -1.35 Bn |
| Mar 31, 2025 | -903.90 Mn |
| Dec 31, 2024 | -917.00 Mn |
| Sep 30, 2024 | 1.55 Bn |
| Jun 30, 2024 | 1.75 Bn |
| Mar 31, 2024 | 1.28 Bn |
| Dec 31, 2023 | 1.12 Bn |
| Sep 30, 2023 | 1.23 Bn |
| Jun 30, 2023 | 1.67 Bn |
| Mar 31, 2023 | 1.26 Bn |
| Dec 31, 2022 | 1.23 Bn |
| Sep 30, 2022 | -867.96 Mn |
| Jun 30, 2022 | -1.08 Bn |
| Mar 31, 2022 | 1.46 Bn |
| Dec 31, 2021 | -1.24 Bn |
| Sep 30, 2021 | -757.07 Mn |