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

Canadian Natural Resources' (CNQ) quarterly Change in Working Capital came in at -$596.5 million in Q1 2026, down 1143.78% year-on-year from $57.1 million in Q1 2025, and down 720.76% quarter-over-quarter from $96.1 million in Q4 2025.

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

Canadian Natural Resources has disclosed Change in Working Capital across 18 years of filings, most recently posting -$596.5 million for Q1 2026.

  • Change in Working Capital for Q1 2026 came in at -$596.5 million, down 1143.78% year-over-year; the trailing twelve-month figure through Mar 2026 was -$599.1 million (down 28.06% YoY), and the FY2025 annual result was -$403.7 million, down 163.74% from the prior year.
  • Change in Working Capital came in at -$596.5 million for Q1 2026 at Canadian Natural Resources, down from $96.1 million in the prior quarter.
  • In the past five years, Change in Working Capital ranged from a high of $785.1 million in Q3 2022 to a low of -$1.5 billion in Q1 2022.
  • The 5-year median for Change in Working Capital is -$18.8 million (2025), against an average of -$180.1 million.
  • Across the five-year window, Change in Working Capital tumbled 2184.37% in 2022 and jumped 2875.24% in 2024, its largest moves.
  • Canadian Natural Resources' Change in Working Capital stood at $380.9 million in 2022, then rose by 8.38% to $412.8 million in 2023, then tumbled by 197.63% to -$403.0 million in 2024, then surged by 123.84% to $96.1 million in 2025, then plunged by 720.76% to -$596.5 million in 2026.
  • The last three Change in Working Capital figures came in at -$596.5 million (Q1 2026), $96.1 million (Q4 2025), and -$79.9 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Change in Working Capital (Qtr)
1 Woodside Energy 669.86 Bn 663.92 Bn - 379.00 Mn
2 Canadian Natural Resources 393.48 Bn 393.48 Bn 6.72 Bn -596.49 Mn
3 Conocophillips 143.01 Bn 136.64 Bn 9.48 Bn -
4 Eog Resources 72.59 Bn 68.74 Bn - -
5 Occidental Petroleum 55.93 Bn 52.75 Bn 4.87 Bn -
6 Diamondback Energy 54.41 Bn 60.57 Bn 4.22 Bn -
7 Vista Energy, S.A.B. de C.V 35.45 Bn 34.84 Bn 472.36 Mn -
8 Eqt 32.44 Bn 35.79 Bn 2.98 Bn -
9 Vermilion Energy 31.35 Bn 31.16 Bn 370.10 Mn 5.78 Mn
10 Devon Energy 27.87 Bn 27.87 Bn 3.61 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