Canadian Natural Resources (CNQ) EBITDA (2009 - 2026)

Canadian Natural Resources' (CNQ) quarterly EBITDA came in at $5.7 billion in Q1 2026, down 7.17% year-on-year from $6.1 billion in Q1 2025, and down 65.87% quarter-over-quarter from $16.7 billion in Q4 2025.

Canadian Natural Resources (CNQ) EBITDA (2009 - 2026) Analysis & Trends

Canadian Natural Resources has disclosed EBITDA across 18 years of filings, most recently posting $5.7 billion for Q1 2026.

  • EBITDA for Q1 2026 came in at $5.7 billion, down 7.17% year-over-year; the trailing twelve-month figure through Mar 2026 was $33.1 billion (up 15.25% YoY), and the FY2025 annual result was $16.6 billion, up 34.66% from the prior year.
  • EBITDA came in at $5.7 billion for Q1 2026 at Canadian Natural Resources, down 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.
  • The 5-year median for EBITDA is $6.1 billion (2025), against an average of $8.0 billion.
  • Across the five-year window, EBITDA jumped 67.16% in 2022 and tumbled 40.57% in 2023, its largest moves.
  • Canadian Natural Resources' EBITDA stood at $17.3 billion in 2022, then dropped by 24.43% to $13.1 billion in 2023, then declined by 7.61% to $12.1 billion in 2024, then soared by 37.66% to $16.7 billion in 2025, then plunged by 65.87% to $5.7 billion in 2026.
  • The last three EBITDA figures came in at $5.7 billion (Q1 2026), $16.7 billion (Q4 2025), and $5.3 billion (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBITDA (Qtr)
1 Woodside Energy 630.08 Bn 624.14 Bn - 1.10 Bn
2 Canadian Natural Resources 388.31 Bn 388.31 Bn 6.72 Bn 5.68 Bn
3 Conocophillips 142.98 Bn 136.61 Bn 9.48 Bn 7.20 Bn
4 Eog Resources 72.93 Bn 69.08 Bn - 1.98 Bn
5 Occidental Petroleum 55.91 Bn 52.73 Bn 4.87 Bn 3.76 Bn
6 Diamondback Energy 54.95 Bn 61.11 Bn 4.22 Bn 116.00 Mn
7 Vista Energy, S.A.B. de C.V 35.18 Bn 34.56 Bn 472.36 Mn 215.59 Mn
8 Eqt 32.94 Bn 36.28 Bn 2.98 Bn 2.04 Bn
9 Vermilion Energy 31.24 Bn 31.05 Bn 370.10 Mn -112.59 Mn
10 Devon Energy 27.08 Bn 27.08 Bn 3.61 Bn -27.00 Mn

Historic Data

Download Data
DateValue
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 6.15 Bn
Dec 31, 2022 17.32 Bn
Sep 30, 2022 7.33 Bn
Jun 30, 2022 8.57 Bn
Mar 31, 2022 6.81 Bn
Dec 31, 2021 13.37 Bn
Sep 30, 2021 4.99 Bn
Jun 30, 2021 5.13 Bn