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) Change in Working Capital (2009 - 2026)

Canadian Natural Resources (CNQ) posted Change in Working Capital of -$596.5 million for Q1 2026, down 720.76% sequentially from $96.1 million in Q4 2025, and down 1143.78% YoY from $57.1 million in Q1 2025.

Canadian Natural Resources (CNQ) Change in Working Capital (2009 - 2026) Analysis & Trends

Canadian Natural Resources has reported Change in Working Capital for 18 years, with the latest figure at -$596.5 million in Q1 2026.

  • Quarterly Change in Working Capital fell 1143.78% year-over-year to -$596.5 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$599.1 million (down 28.06% YoY) and the FY2025 annual result came in at -$403.7 million, down 163.74% from the prior year.
  • Change in Working Capital retreated to -$596.5 million in Q1 2026 per CNQ's latest filing, from $96.1 million in the prior quarter.
  • Over five years, Change in Working Capital peaked at $785.1 million in Q3 2022 and troughed at -$1.5 billion in Q1 2022.
  • A 5-year average of -$180.1 million and a median of -$18.8 million in 2025 frame the typical range for Change in Working Capital.
  • The sharpest annual moves came in 2022 and 2024: Change in Working Capital tumbled 2184.37% in 2022, then soared 2875.24% in 2024.
  • Over 5 years, Change in Working Capital stood at $380.9 million in 2022, then advanced by 8.38% to $412.8 million in 2023, then tumbled by 197.63% to -$403.0 million in 2024, then jumped by 123.84% to $96.1 million in 2025, then plunged by 720.76% to -$596.5 million in 2026.
  • According to Business Quant data, Change in Working Capital over the past three periods registered -$596.5 million, $96.1 million, and -$79.9 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Change in Working Capital (Qtr)
1 Conocophillips 164.44 Bn 156.75 Bn 12.81 Bn -
2 Canadian Natural Resources 106.98 Bn 105.09 Bn 10.66 Bn 86.75 Mn
3 Eog Resources 80.47 Bn 75.56 Bn - -
4 Diamondback Energy 59.28 Bn 58.82 Bn 5.55 Bn -
5 Woodside Energy 46.13 Bn 40.18 Bn 6.02 Bn -
6 Devon Energy 46.12 Bn 45.11 Bn 6.02 Bn -
7 Occidental Petroleum 39.25 Bn 35.10 Bn 7.73 Bn -
8 Eqt 33.67 Bn 33.56 Bn 1.42 Bn -
9 Texas Pacific Land 26.50 Bn 26.25 Bn - -
10 Expand Energy 22.89 Bn 21.63 Bn 2.33 Bn -

Historic Data

Download Data
DateValue
Mar 31, 2026 -596.49 Mn
Mar 31, 2026 -596.49 Mn
Dec 31, 2025 96.09 Mn
Dec 31, 2025 96.09 Mn
Sep 30, 2025 -79.93 Mn
Sep 30, 2025 -79.93 Mn
Jun 30, 2025 -18.76 Mn
Jun 30, 2025 -18.76 Mn
Mar 31, 2025 57.15 Mn
Mar 31, 2025 57.15 Mn
Dec 31, 2024 -403.02 Mn
Dec 31, 2024 -403.02 Mn
Sep 30, 2024 -498.48 Mn
Sep 30, 2024 -498.48 Mn
Jun 30, 2024 376.54 Mn
Jun 30, 2024 376.54 Mn
Mar 31, 2024 -207.05 Mn
Mar 31, 2024 -207.05 Mn
Dec 31, 2023 412.81 Mn
Dec 31, 2023 412.81 Mn