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| 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 |