Canadian Natural Resources (CNQ) Cost of Revenue (2009 - 2026)
Canadian Natural Resources (CNQ) reported Cost of Revenue of $1.2 billion for Q1 2026, down 5.93% on a YoY basis from $1.2 billion in Q1 2025, and up 47.22% sequentially from $789.5 million in Q4 2025.
Canadian Natural Resources (CNQ) Cost of Revenue (2009 - 2026) Analysis & Trends
Canadian Natural Resources (CNQ) has 18 years of Cost of Revenue data on file, last reported at $1.2 billion in Q1 2026.
- For the quarter ending Q1 2026, Cost of Revenue fell 5.93% year-over-year to $1.2 billion; the trailing twelve-month figure through Mar 2026 stood at $3.8 billion (down 18.26% YoY), and the FY2025 full-year result was $3.9 billion, down 9.51% from the prior year.
- Cost of Revenue rose to $1.2 billion in Q1 2026, from $789.5 million in the prior quarter.
- In the past five years, Cost of Revenue ranged from a high of $1.8 billion in Q2 2022 to a low of $679.0 million in Q1 2023.
- A 5-year average of $1.1 billion and a median of $1.1 billion in 2025 frame the typical range for Cost of Revenue.
- Across the five-year window, Cost of Revenue surged 276.15% in 2022 and plunged 61.17% in 2023, its largest moves.
- Tracing CNQ's Cost of Revenue over 5 years: stood at $974.7 million in 2022, then fell by 15.14% to $827.1 million in 2023, then jumped by 38.13% to $1.1 billion in 2024, then plunged by 30.9% to $789.5 million in 2025, then jumped by 47.22% to $1.2 billion in 2026.
- Business Quant data shows CNQ's Cost of Revenue at $1.2 billion in Q1 2026, $789.5 million in Q4 2025, and $1.1 billion in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 141.43 Bn | 135.06 Bn | 9.48 Bn | 6.28 Bn |
| 2 | Eog Resources | 74.61 Bn | 70.76 Bn | - | - |
| 3 | Diamondback Energy | 55.39 Bn | 55.39 Bn | 4.22 Bn | 24.00 Mn |
| 4 | Woodside Energy | 41.28 Bn | 35.34 Bn | 2.71 Bn | 326.00 Mn |
| 5 | Occidental Petroleum | 32.80 Bn | 28.99 Bn | 4.87 Bn | 356.00 Mn |
| 6 | Eqt | 32.48 Bn | 32.37 Bn | 1.42 Bn | 385.02 Mn |
| 7 | Texas Pacific Land | 27.36 Bn | 27.11 Bn | - | - |
| 8 | Devon Energy | 26.53 Bn | 24.72 Bn | 3.61 Bn | 894.00 Mn |
| 9 | Expand Energy | 21.67 Bn | 19.37 Bn | 4.21 Bn | 185.00 Mn |
| 10 | Canadian Natural Resources | 13.17 Bn | 12.58 Bn | 6.72 Bn | 1.16 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.16 Bn |
| Mar 31, 2026 | 1.16 Bn |
| Dec 31, 2025 | 789.51 Mn |
| Dec 31, 2025 | 789.51 Mn |
| Sep 30, 2025 | 1.13 Bn |
| Sep 30, 2025 | 1.13 Bn |
| Jun 30, 2025 | 705.11 Mn |
| Jun 30, 2025 | 705.11 Mn |
| Mar 31, 2025 | 1.24 Bn |
| Mar 31, 2025 | 1.24 Bn |
| Dec 31, 2024 | 1.14 Bn |
| Dec 31, 2024 | 1.14 Bn |
| Sep 30, 2024 | 1.11 Bn |
| Sep 30, 2024 | 1.11 Bn |
| Jun 30, 2024 | 1.15 Bn |
| Jun 30, 2024 | 1.15 Bn |
| Mar 31, 2024 | 874.21 Mn |
| Mar 31, 2024 | 874.21 Mn |
| Dec 31, 2023 | 827.09 Mn |
| Dec 31, 2023 | 827.09 Mn |