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