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| 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 |