Canadian Natural Resources (CNQ) Deferred Taxes (2009 - 2026)
Canadian Natural Resources (CNQ) posted Deferred Taxes of -$126.2 million for Q1 2026, down 117.56% sequentially from $718.5 million in Q4 2025, and down 241.42% YoY from $89.2 million in Q1 2025.
Canadian Natural Resources (CNQ) Deferred Taxes (2009 - 2026) Analysis & Trends
Canadian Natural Resources has reported Deferred Taxes for 18 years, with the latest figure at -$126.2 million in Q1 2026.
- Quarterly Deferred Taxes fell 241.42% year-over-year to -$126.2 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $142.3 million (down 62.55% YoY) and the FY2025 annual result came in at $365.0 million, up 18.42% from the prior year.
- Deferred Taxes declined to -$126.2 million in Q1 2026 per CNQ's latest filing, from $718.5 million in the prior quarter.
- Over five years, Deferred Taxes peaked at $718.5 million in Q4 2025 and troughed at -$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.
- The sharpest annual moves came in 2024 and 2025: Deferred Taxes soared 615.61% in 2024, then sank 513.64% in 2025.
- Over 5 years, Deferred Taxes 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 sank by 117.56% to -$126.2 million in 2026.
- According to Business Quant data, Deferred Taxes over the past three periods registered -$126.2 million, $718.5 million, and -$386.6 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Deferred Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 164.44 Bn | 156.75 Bn | 12.81 Bn | 47.00 Mn |
| 2 | Canadian Natural Resources | 106.98 Bn | 105.09 Bn | 10.66 Bn | 225.55 Mn |
| 3 | Eog Resources | 80.47 Bn | 75.56 Bn | - | 346.00 Mn |
| 4 | Diamondback Energy | 59.28 Bn | 58.82 Bn | 5.55 Bn | 36.00 Mn |
| 5 | Woodside Energy | 46.13 Bn | 40.18 Bn | 6.02 Bn | - |
| 6 | Devon Energy | 46.12 Bn | 45.11 Bn | 6.02 Bn | 95.00 Mn |
| 7 | Occidental Petroleum | 39.25 Bn | 35.10 Bn | 7.73 Bn | 707.00 Mn |
| 8 | Eqt | 33.67 Bn | 33.56 Bn | 1.42 Bn | 81.22 Mn |
| 9 | Texas Pacific Land | 26.50 Bn | 26.25 Bn | - | -1.61 Mn |
| 10 | Expand Energy | 22.89 Bn | 21.63 Bn | 2.33 Bn | 146.00 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 |