Canadian Natural Resources CNQ
NYSE CNQ
$50.79 -0.56 (-1.09%)
As of: Sep 10, 2026 · 3:59 PM EDT

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

Historic Data

Download Data
DateValue
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