Canadian Natural Resources (CNQ) Cost of Revenue (2009 - 2026)
Canadian Natural Resources' (CNQ) quarterly Cost of Revenue came in at $1.8 billion in Q2 2026, up 16.36% year-over-year from $1.6 billion in Q2 2025, and up 4.12% quarter-over-quarter from $1.7 billion in Q1 2026.
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Canadian Natural Resources (CNQ) Cost of Revenue (2009 - 2026) Analysis & Trends
Canadian Natural Resources has disclosed Cost of Revenue across 18 years of filings, most recently posting $1.8 billion for Q2 2026.
- In Q2 2026, Cost of Revenue rose 16.36% year-over-year to $1.8 billion; the TTM figure through Jun 2026 stood at $6.9 billion (up 13.39% YoY), while the FY2025 annual figure was $6.6 billion, up 13.1% from the prior year.
- Cost of Revenue came in at $1.8 billion for Q2 2026 at Canadian Natural Resources, up from $1.7 billion in the prior quarter.
- In the past five years, Cost of Revenue ranged from a high of $1.8 billion in Q2 2026 to a low of $1.4 billion in Q3 2024.
- Average Cost of Revenue over 5 years is $1.6 billion, with a median of $1.6 billion recorded in 2022.
- Year-over-year, Cost of Revenue climbed 26.72% in 2022 and dropped 12.09% in 2024.
- Over 5 years, Cost of Revenue stood at $1.7 billion in 2022, then declined by 11.22% to $1.5 billion in 2023, then slipped by 4.82% to $1.4 billion in 2024, then increased by 19.93% to $1.7 billion in 2025, then gained by 5.18% to $1.8 billion in 2026.
- Per Business Quant data, the three most recent Cost of Revenue figures were $1.8 billion in Q2 2026, $1.7 billion in Q1 2026, and $1.7 billion in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 158.35 Bn | 150.66 Bn | 12.81 Bn | 6.71 Bn |
| 2 | Canadian Natural Resources | 103.29 Bn | 101.40 Bn | 8.84 Bn | 1.81 Bn |
| 3 | Eog Resources | 75.64 Bn | 70.73 Bn | - | - |
| 4 | Diamondback Energy | 53.99 Bn | 59.61 Bn | 5.55 Bn | 9.00 Mn |
| 5 | Devon Energy | 53.46 Bn | 52.45 Bn | 6.02 Bn | 1.39 Bn |
| 6 | Expand Energy | 20.25 Bn | 18.99 Bn | 2.33 Bn | 634.00 Mn |
| 7 | Permian Resources | 19.06 Bn | 18.80 Bn | - | - |
| 8 | Ovintiv | 17.25 Bn | 16.37 Bn | 2.83 Bn | 183.00 Mn |
| 9 | Apa | 15.72 Bn | 16.20 Bn | 2.28 Bn | 122.00 Mn |
| 10 | Antero Resources | 10.76 Bn | 10.19 Bn | 1.56 Bn | 26,000.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.81 Bn |
| Mar 31, 2026 | 1.74 Bn |
| Dec 31, 2025 | 1.72 Bn |
| Sep 30, 2025 | 1.61 Bn |
| Jun 30, 2025 | 1.56 Bn |
| Mar 31, 2025 | 1.65 Bn |
| Dec 31, 2024 | 1.44 Bn |
| Sep 30, 2024 | 1.43 Bn |
| Jun 30, 2024 | 1.45 Bn |
| Mar 31, 2024 | 1.60 Bn |
| Dec 31, 2023 | 1.51 Bn |
| Sep 30, 2023 | 1.53 Bn |
| Jun 30, 2023 | 1.65 Bn |
| Mar 31, 2023 | 1.60 Bn |
| Dec 31, 2022 | 1.70 Bn |
| Sep 30, 2022 | 1.59 Bn |
| Jun 30, 2022 | 1.79 Bn |
| Mar 31, 2022 | 1.61 Bn |
| Dec 31, 2021 | 1.48 Bn |
| Sep 30, 2021 | 1.40 Bn |
API Access
Canadian Natural Resources Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=CNQ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "CNQ", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=CNQ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();