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

Canadian Natural Resources (CNQ) reported Deferred Taxes of -$126.2 million for Q1 2026, down 241.42% on a YoY basis from $89.2 million in Q1 2025, and down 117.56% sequentially from $718.5 million in Q4 2025.

Canadian Natural Resources (CNQ) Deferred Taxes (2009 - 2026) Analysis & Trends

Canadian Natural Resources (CNQ) has 18 years of Deferred Taxes data on file, last reported at -$126.2 million in Q1 2026.

  • For the quarter ending Q1 2026, Deferred Taxes fell 241.42% year-over-year to -$126.2 million; the trailing twelve-month figure through Mar 2026 stood at $142.3 million (down 62.55% YoY), and the FY2025 full-year result was $365.0 million, up 18.42% from the prior year.
  • Deferred Taxes declined to -$126.2 million in Q1 2026, 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.
  • A 5-year average of $29.1 million and a median of $22.2 million in 2023 frame the typical range for Deferred Taxes.
  • Across the five-year window, Deferred Taxes jumped 615.61% in 2024 and tumbled 513.64% in 2025, its largest moves.
  • Tracing CNQ's Deferred Taxes over 5 years: stood at -$433.9 million in 2022, then soared by 70.55% to -$127.8 million in 2023, then soared by 227.14% to $162.5 million in 2024, then surged by 342.17% to $718.5 million in 2025, then slumped by 117.56% to -$126.2 million in 2026.
  • Business Quant data shows CNQ's Deferred Taxes at -$126.2 million in Q1 2026, $718.5 million in Q4 2025, and -$386.6 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Deferred Taxes (Qtr)
1 Conocophillips 141.43 Bn 135.06 Bn 9.48 Bn 102.00 Mn
2 Eog Resources 74.61 Bn 70.76 Bn - 18.00 Mn
3 Diamondback Energy 55.39 Bn 55.39 Bn 4.22 Bn -242.00 Mn
4 Woodside Energy 41.28 Bn 35.34 Bn 2.71 Bn -
5 Occidental Petroleum 32.80 Bn 28.99 Bn 4.87 Bn 50.00 Mn
6 Eqt 32.48 Bn 32.37 Bn 1.42 Bn 81.22 Mn
7 Texas Pacific Land 27.36 Bn 27.11 Bn - -3.58 Mn
8 Devon Energy 26.53 Bn 24.72 Bn 3.61 Bn 234.00 Mn
9 Expand Energy 21.67 Bn 19.37 Bn 4.21 Bn 319.00 Mn
10 Canadian Natural Resources 13.17 Bn 12.58 Bn 6.72 Bn -126.15 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