Canadian Natural Resources (CNQ) Deferred Taxes (2009 - 2026)
Canadian Natural Resources' (CNQ) quarterly Deferred Taxes came in at $225.6 million in Q2 2026, up 455.14% year-over-year from $40.6 million in Q2 2025, and up 278.79% quarter-over-quarter from -$126.2 million in Q1 2026.
Analysis
Canadian Natural Resources (CNQ) Deferred Taxes (2009 - 2026) Analysis & Trends
Canadian Natural Resources has disclosed Deferred Taxes across 18 years of filings, most recently posting $225.6 million for Q2 2026.
- In Q2 2026, Deferred Taxes rose 455.14% year-over-year to $225.6 million; the TTM figure through Jun 2026 stood at $431.4 million (up 43.27% YoY), while the FY2025 annual figure was $365.0 million, up 20.83% from the prior year.
- Deferred Taxes came in at $225.6 million for Q2 2026 at Canadian Natural Resources, up from -$126.2 million in the prior quarter.
- In the past five years, Deferred Taxes ranged from a high of $718.5 million in Q4 2025 to a low of -$433.9 million in Q4 2022.
- Average Deferred Taxes over 5 years is $40.0 million, with a median of $55.7 million recorded in 2023.
- Year-over-year, Deferred Taxes surged 615.61% in 2024 and plunged 513.64% in 2025.
- Over 5 years, Deferred Taxes stood at -$433.9 million in 2022, then jumped by 70.55% to -$127.8 million in 2023, then jumped by 227.14% to $162.5 million in 2024, then soared by 342.17% to $718.5 million in 2025, then sank by 68.61% to $225.6 million in 2026.
- Per Business Quant data, the three most recent Deferred Taxes figures were $225.6 million in Q2 2026, -$126.2 million in Q1 2026, and $718.5 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Deferred Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 166.37 Bn | 158.68 Bn | 12.81 Bn | 47.00 Mn |
| 2 | Canadian Natural Resources | 106.24 Bn | 104.35 Bn | 8.84 Bn | 225.55 Mn |
| 3 | Eog Resources | 77.64 Bn | 72.73 Bn | - | 346.00 Mn |
| 4 | Diamondback Energy | 57.73 Bn | 57.26 Bn | 5.55 Bn | 36.00 Mn |
| 5 | Devon Energy | 46.75 Bn | 45.74 Bn | 6.02 Bn | 95.00 Mn |
| 6 | Expand Energy | 23.07 Bn | 21.81 Bn | 2.33 Bn | 146.00 Mn |
| 7 | Permian Resources | 19.87 Bn | 19.61 Bn | - | 217.61 Mn |
| 8 | Ovintiv | 17.94 Bn | 17.05 Bn | 2.83 Bn | 61.00 Mn |
| 9 | Apa | 15.73 Bn | 15.28 Bn | 2.28 Bn | 216.00 Mn |
| 10 | Antero Resources | 12.12 Bn | 11.55 Bn | 1.56 Bn | 76.86 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 225.55 Mn |
| Mar 31, 2026 | -126.15 Mn |
| Dec 31, 2025 | 718.52 Mn |
| Sep 30, 2025 | -386.57 Mn |
| Jun 30, 2025 | -63.51 Mn |
| Mar 31, 2025 | 89.21 Mn |
| Dec 31, 2024 | 162.50 Mn |
| Sep 30, 2024 | 112.89 Mn |
| Jun 30, 2024 | 15.35 Mn |
| Mar 31, 2024 | 14.84 Mn |
| Dec 31, 2023 | -127.81 Mn |
| Sep 30, 2023 | 149.93 Mn |
| Jun 30, 2023 | -2.98 Mn |
| Mar 31, 2023 | 22.19 Mn |
| Dec 31, 2022 | -433.92 Mn |
| Sep 30, 2022 | 148.75 Mn |
| Jun 30, 2022 | 102.75 Mn |
| Mar 31, 2022 | 98.68 Mn |
| Dec 31, 2021 | 153.11 Mn |
| Sep 30, 2021 | 44.49 Mn |