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

Canadian Natural Resources (CNQ) reported Change in Working Capital of -$19.7 million for Q1 2026, up 79.82% on a YoY basis from -$10.9 million in Q1 2025, and down 174.21% sequentially from $26.5 million in Q4 2025.

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

Canadian Natural Resources (CNQ) has 18 years of Change in Working Capital data on file, last reported at -$19.7 million in Q1 2026.

  • For the quarter ending Q1 2026, Change in Working Capital rose 79.82% year-over-year to -$19.7 million; the trailing twelve-month figure through Mar 2026 stood at -$91.9 million (down 1.56% YoY), and the FY2025 full-year result was -$403.7 million, down 163.74% from the prior year.
  • Change in Working Capital eased to -$19.7 million in Q1 2026, from $26.5 million in the prior quarter.
  • In the past five years, Change in Working Capital ranged from a high of $64.0 million in Q2 2023 to a low of -$97.6 million in Q1 2025.
  • A 5-year average of -$21.0 million and a median of -$19.7 million in 2026 frame the typical range for Change in Working Capital.
  • Across the five-year window, Change in Working Capital plunged 387.43% in 2022 and surged 221.61% in 2023, its largest moves.
  • Tracing CNQ's Change in Working Capital over 5 years: stood at -$47.9 million in 2022, then surged by 73.92% to -$12.5 million in 2023, then sank by 129.31% to -$28.6 million in 2024, then jumped by 192.66% to $26.5 million in 2025, then plunged by 174.21% to -$19.7 million in 2026.
  • Business Quant data shows CNQ's Change in Working Capital at -$19.7 million in Q1 2026, $26.5 million in Q4 2025, and -$79.9 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Change in Working Capital (Qtr)
1 Conocophillips 141.43 Bn 135.06 Bn 9.48 Bn -
2 Eog Resources 74.61 Bn 70.76 Bn - -
3 Diamondback Energy 55.39 Bn 55.39 Bn 4.22 Bn -
4 Woodside Energy 41.28 Bn 35.34 Bn 2.71 Bn -
5 Occidental Petroleum 32.80 Bn 28.99 Bn 4.87 Bn -
6 Eqt 32.48 Bn 32.37 Bn 1.42 Bn -
7 Texas Pacific Land 27.36 Bn 27.11 Bn - -
8 Devon Energy 26.53 Bn 24.72 Bn 3.61 Bn -
9 Expand Energy 21.67 Bn 19.37 Bn 4.21 Bn -
10 Canadian Natural Resources 13.17 Bn 12.58 Bn 6.72 Bn -19.69 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -19.69 Mn
Mar 31, 2026 -19.69 Mn
Dec 31, 2025 26.53 Mn
Dec 31, 2025 26.53 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 -97.57 Mn
Mar 31, 2025 -97.57 Mn
Dec 31, 2024 -28.63 Mn
Dec 31, 2024 -28.63 Mn
Sep 30, 2024 -25.66 Mn
Sep 30, 2024 -25.66 Mn
Jun 30, 2024 61.42 Mn
Jun 30, 2024 61.42 Mn
Mar 31, 2024 -69.02 Mn
Mar 31, 2024 -69.02 Mn
Dec 31, 2023 -12.49 Mn
Dec 31, 2023 -12.49 Mn