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