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| Date | Value |
|---|---|
| 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 |