Canadian Natural Resources (CNQ) Cost of Revenue (2009 - 2026)

Canadian Natural Resources' (CNQ) quarterly Cost of Revenue came in at $1.2 billion in Q1 2026, down 5.93% year-on-year from $1.2 billion in Q1 2025, and up 47.22% quarter-over-quarter from $789.5 million in Q4 2025.

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 $1.2 billion for Q1 2026.

  • Cost of Revenue for Q1 2026 came in at $1.2 billion, down 5.93% year-over-year; the trailing twelve-month figure through Mar 2026 was $3.8 billion (down 18.26% YoY), and the FY2025 annual result was $3.9 billion, down 9.51% from the prior year.
  • Cost of Revenue came in at $1.2 billion for Q1 2026 at Canadian Natural Resources, up 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.
  • The 5-year median for Cost of Revenue is $1.1 billion (2025), against an average of $1.1 billion.
  • Across the five-year window, Cost of Revenue surged 276.15% in 2022 and slumped 61.17% in 2023, its largest moves.
  • Canadian Natural Resources' Cost of Revenue stood at $974.7 million in 2022, then retreated by 15.14% to $827.1 million in 2023, then surged by 38.13% to $1.1 billion in 2024, then tumbled by 30.9% to $789.5 million in 2025, then surged by 47.22% to $1.2 billion in 2026.
  • The last three Cost of Revenue figures came in at $1.2 billion (Q1 2026), $789.5 million (Q4 2025), and $1.1 billion (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Woodside Energy 639.66 Bn 633.72 Bn - 326.00 Mn
2 Canadian Natural Resources 395.91 Bn 395.91 Bn 6.72 Bn 1.16 Bn
3 Conocophillips 147.10 Bn 140.74 Bn 9.48 Bn 6.28 Bn
4 Eog Resources 74.80 Bn 70.95 Bn - -
5 Occidental Petroleum 56.58 Bn 53.39 Bn 4.87 Bn 356.00 Mn
6 Diamondback Energy 55.66 Bn 61.83 Bn 4.22 Bn 24.00 Mn
7 Vista Energy, S.A.B. de C.V 35.54 Bn 34.93 Bn 472.36 Mn 66.16 Mn
8 Eqt 33.02 Bn 36.36 Bn 2.98 Bn 400.34 Mn
9 Vermilion Energy 32.08 Bn 31.89 Bn 370.10 Mn 4.23 Mn
10 Devon Energy 28.69 Bn 28.69 Bn 3.61 Bn 894.00 Mn

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