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| 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 |