Canadian Natural Resources (CNQ) Dividend Coverage Ratio (2009 - 2026)
Canadian Natural Resources' (CNQ) quarterly Dividend Coverage Ratio came in at 3.69 in Q2 2026, down 92.02% year-over-year from 46.28 in Q2 2025, and down 284.65% quarter-over-quarter from 0.96 in Q1 2026.
Powered by 
Analysis
Canadian Natural Resources (CNQ) Dividend Coverage Ratio (2009 - 2026) Analysis & Trends
Canadian Natural Resources has disclosed Dividend Coverage Ratio across 18 years of filings, most recently posting 3.69 for Q2 2026.
- In Q2 2026, Dividend Coverage Ratio fell 92.02% year-over-year to 3.69; the TTM figure through Jun 2026 stood at 2.47 (down 31.26% YoY), while the FY2025 annual figure was 2.33, down 57.81% from the prior year.
- Dividend Coverage Ratio came in at 3.69 for Q2 2026 at Canadian Natural Resources, down from 0.96 in the prior quarter.
- In the past five years, Dividend Coverage Ratio ranged from a high of 0.0 in Q1 2024 to a low of 5.14 in Q4 2025.
- Average Dividend Coverage Ratio over 5 years is 1.2, with a median of 1.07 recorded in 2026.
- Year-over-year, Dividend Coverage Ratio jumped 99.95% in 2022 and slumped 189470.79% in 2025.
- Over 5 years, Dividend Coverage Ratio stood at 0.0 in 2022, then slumped by 51.39% to 0.0 in 2023, then tumbled by 36328.58% to 1.23 in 2024, then sank by 318.2% to 5.14 in 2025, then gained by 28.2% to 3.69 in 2026.
- Per Business Quant data, the three most recent Dividend Coverage Ratio figures were 3.69 in Q2 2026, 0.96 in Q1 2026, and 5.14 in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Div. Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 161.33 Bn | 153.64 Bn | 12.81 Bn | 3.84 |
| 2 | Canadian Natural Resources | 104.99 Bn | 103.10 Bn | 8.84 Bn | -3.69 |
| 3 | Eog Resources | 76.13 Bn | 71.22 Bn | - | 5.04 |
| 4 | Diamondback Energy | 55.89 Bn | 61.52 Bn | 5.55 Bn | 6.61 |
| 5 | Devon Energy | 52.87 Bn | 51.86 Bn | 6.02 Bn | 4.49 |
| 6 | Expand Energy | 22.67 Bn | 21.40 Bn | 2.33 Bn | 3.78 |
| 7 | Permian Resources | 19.56 Bn | 19.30 Bn | - | 5.83 |
| 8 | Ovintiv | 17.91 Bn | 17.03 Bn | 2.83 Bn | 5.43 |
| 9 | Apa | 14.98 Bn | 15.46 Bn | 2.28 Bn | 8.49 |
| 10 | Antero Resources | 12.17 Bn | 11.60 Bn | 1.56 Bn | 37.93 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -3.69 |
| Mar 31, 2026 | -0.96 |
| Dec 31, 2025 | -5.14 |
| Sep 30, 2025 | -0.06 |
| Jun 30, 2025 | -1.92 |
| Mar 31, 2025 | -2.18 |
| Dec 31, 2024 | -1.23 |
| Sep 30, 2024 | -2.16 |
| Jun 30, 2024 | -1.54 |
| Mar 31, 2024 | 0.00 |
| Dec 31, 2023 | 0.00 |
| Sep 30, 2023 | 0.00 |
| Jun 30, 2023 | -1.48 |
| Mar 31, 2023 | 0.00 |
| Dec 31, 2022 | 0.00 |
| Sep 30, 2022 | -1.19 |
| Jun 30, 2022 | 0.00 |
| Mar 31, 2022 | 0.00 |
| Dec 31, 2021 | -4.94 |
| Sep 30, 2021 | -4.05 |