Canadian Natural Resources (CNQ) Deferred Taxes (2009 - 2026)

Canadian Natural Resources' (CNQ) quarterly Deferred Taxes came in at -$126.2 million in Q1 2026, down 241.42% year-on-year from $89.2 million in Q1 2025, and down 117.56% quarter-over-quarter from $718.5 million in Q4 2025.

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 -$126.2 million for Q1 2026.

  • Deferred Taxes for Q1 2026 came in at -$126.2 million, down 241.42% year-over-year; the trailing twelve-month figure through Mar 2026 was $142.3 million (down 62.55% YoY), and the FY2025 annual result was $365.0 million, up 18.42% from the prior year.
  • Deferred Taxes came in at -$126.2 million for Q1 2026 at Canadian Natural Resources, down from $718.5 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.
  • The 5-year median for Deferred Taxes is $22.2 million (2023), against an average of $29.1 million.
  • Across the five-year window, Deferred Taxes jumped 615.61% in 2024 and sank 513.64% in 2025, its largest moves.
  • Canadian Natural Resources' 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 117.56% to -$126.2 million in 2026.
  • The last three Deferred Taxes figures came in at -$126.2 million (Q1 2026), $718.5 million (Q4 2025), and -$386.6 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Deferred Taxes (Qtr)
1 Woodside Energy 630.08 Bn 624.14 Bn - -
2 Canadian Natural Resources 388.31 Bn 388.31 Bn 6.72 Bn -126.15 Mn
3 Conocophillips 142.98 Bn 136.61 Bn 9.48 Bn 102.00 Mn
4 Eog Resources 72.93 Bn 69.08 Bn - 18.00 Mn
5 Occidental Petroleum 55.91 Bn 52.73 Bn 4.87 Bn 50.00 Mn
6 Diamondback Energy 54.95 Bn 61.11 Bn 4.22 Bn -242.00 Mn
7 Vista Energy, S.A.B. de C.V 35.18 Bn 34.56 Bn 472.36 Mn 19.69 Mn
8 Eqt 32.94 Bn 36.28 Bn 2.98 Bn 410.40 Mn
9 Vermilion Energy 31.24 Bn 31.05 Bn 370.10 Mn -82.94 Mn
10 Devon Energy 27.08 Bn 27.08 Bn 3.61 Bn 234.00 Mn

Historic Data

Download Data
DateValue
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
Jun 30, 2021 104.95 Mn