Canadian Natural Resources (CNQ) EBITDA (2009 - 2026)
Canadian Natural Resources (CNQ) reported EBITDA of $5.7 billion for Q1 2026, down 7.17% on a YoY basis from $6.1 billion in Q1 2025, and down 65.87% sequentially from $16.7 billion in Q4 2025.
Canadian Natural Resources (CNQ) EBITDA (2009 - 2026) Analysis & Trends
Canadian Natural Resources (CNQ) has 18 years of EBITDA data on file, last reported at $5.7 billion in Q1 2026.
- For the quarter ending Q1 2026, EBITDA fell 7.17% year-over-year to $5.7 billion; the trailing twelve-month figure through Mar 2026 stood at $33.1 billion (up 15.25% YoY), and the FY2025 full-year result was $16.6 billion, up 34.66% from the prior year.
- EBITDA eased to $5.7 billion in Q1 2026, from $16.7 billion in the prior quarter.
- In the past five years, EBITDA ranged from a high of $17.3 billion in Q4 2022 to a low of $4.7 billion in Q1 2024.
- A 5-year average of $7.8 billion and a median of $5.7 billion in 2026 frame the typical range for EBITDA.
- Across the five-year window, EBITDA soared 45.21% in 2022 and slipped 24.43% in 2023, its largest moves.
- Tracing CNQ's EBITDA over 5 years: stood at $17.3 billion in 2022, then slipped by 24.43% to $13.1 billion in 2023, then dropped by 7.61% to $12.1 billion in 2024, then surged by 37.66% to $16.7 billion in 2025, then sank by 65.87% to $5.7 billion in 2026.
- Business Quant data shows CNQ's EBITDA at $5.7 billion in Q1 2026, $16.7 billion in Q4 2025, and $5.3 billion in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 141.43 Bn | 135.06 Bn | 9.48 Bn | 7.20 Bn |
| 2 | Eog Resources | 74.61 Bn | 70.76 Bn | - | 2.60 Bn |
| 3 | Diamondback Energy | 55.39 Bn | 55.39 Bn | 4.22 Bn | 116.00 Mn |
| 4 | Woodside Energy | 41.28 Bn | 35.34 Bn | 2.71 Bn | 2.71 Bn |
| 5 | Occidental Petroleum | 32.80 Bn | 28.99 Bn | 4.87 Bn | 19.00 Mn |
| 6 | Eqt | 32.48 Bn | 32.37 Bn | 1.42 Bn | 394.04 Mn |
| 7 | Texas Pacific Land | 27.36 Bn | 27.11 Bn | - | 182.33 Mn |
| 8 | Devon Energy | 26.53 Bn | 24.72 Bn | 3.61 Bn | 166.00 Mn |
| 9 | Expand Energy | 21.67 Bn | 19.37 Bn | 4.21 Bn | 1.53 Bn |
| 10 | Canadian Natural Resources | 13.17 Bn | 12.58 Bn | 6.72 Bn | 5.68 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 5.68 Bn |
| Dec 31, 2025 | 16.65 Bn |
| Sep 30, 2025 | 5.31 Bn |
| Jun 30, 2025 | 5.46 Bn |
| Mar 31, 2025 | 6.12 Bn |
| Dec 31, 2024 | 12.10 Bn |
| Sep 30, 2024 | 5.34 Bn |
| Jun 30, 2024 | 5.17 Bn |
| Mar 31, 2024 | 4.68 Bn |
| Dec 31, 2023 | 13.09 Bn |
| Sep 30, 2023 | 5.41 Bn |
| Jun 30, 2023 | 5.09 Bn |
| Mar 31, 2023 | 5.47 Bn |
| Dec 31, 2022 | 17.32 Bn |
| Sep 30, 2022 | 5.71 Bn |
| Jun 30, 2022 | 6.74 Bn |
| Mar 31, 2022 | 6.81 Bn |
| Dec 31, 2021 | 13.37 Bn |
| Sep 30, 2021 | 4.99 Bn |
| Jun 30, 2021 | 4.64 Bn |