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
DateValue
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