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| Date | Value |
|---|---|
| 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 |