Canadian Natural Resources (CNQ) EBITDA (2009 - 2026)
Canadian Natural Resources' (CNQ) quarterly EBITDA came in at $8.7 billion in Q2 2026, up 89.33% year-over-year from $4.6 billion in Q2 2025, and up 71.0% quarter-over-quarter from $5.1 billion in Q1 2026.
Analysis
Canadian Natural Resources (CNQ) EBITDA (2009 - 2026) Analysis & Trends
Canadian Natural Resources has disclosed EBITDA across 18 years of filings, most recently posting $8.7 billion for Q2 2026.
- In Q2 2026, EBITDA rose 89.33% year-over-year to $8.7 billion; the TTM figure through Jun 2026 stood at $6.5 billion (down 67.45% YoY), while the FY2025 annual figure was $2.9 billion, down 80.93% from the prior year.
- EBITDA came in at $8.7 billion for Q2 2026 at Canadian Natural Resources, up from $5.1 billion in the prior quarter.
- In the past five years, EBITDA ranged from a high of $23.5 billion in Q4 2022 to a low of -$12.2 billion in Q4 2025.
- Average EBITDA over 5 years is $6.9 billion, with a median of $5.7 billion recorded in 2022.
- Year-over-year, EBITDA surged 323.98% in 2022 and tumbled 371.3% in 2025.
- Over 5 years, EBITDA stood at $23.5 billion in 2022, then dropped by 26.8% to $17.2 billion in 2023, then tumbled by 73.86% to $4.5 billion in 2024, then plunged by 371.3% to -$12.2 billion in 2025, then soared by 171.51% to $8.7 billion in 2026.
- Per Business Quant data, the three most recent EBITDA figures were $8.7 billion in Q2 2026, $5.1 billion in Q1 2026, and -$12.2 billion in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 166.07 Bn | 158.38 Bn | 12.81 Bn | 10.38 Bn |
| 2 | Canadian Natural Resources | 107.37 Bn | 105.48 Bn | 8.84 Bn | 8.73 Bn |
| 3 | Eog Resources | 77.26 Bn | 72.36 Bn | - | 3.53 Bn |
| 4 | Diamondback Energy | 56.93 Bn | 56.47 Bn | 5.55 Bn | 2.51 Bn |
| 5 | Devon Energy | 45.90 Bn | 44.89 Bn | 6.02 Bn | 2.38 Bn |
| 6 | Expand Energy | 23.03 Bn | 21.76 Bn | 2.33 Bn | 661.00 Mn |
| 7 | Permian Resources | 19.81 Bn | 19.55 Bn | - | 928.18 Mn |
| 8 | Ovintiv | 18.04 Bn | 17.15 Bn | 2.83 Bn | 994.00 Mn |
| 9 | Apa | 15.80 Bn | 15.36 Bn | 2.28 Bn | 1.16 Bn |
| 10 | Antero Resources | 12.13 Bn | 11.56 Bn | 1.56 Bn | 375.46 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 8.73 Bn |
| Mar 31, 2026 | 5.10 Bn |
| Dec 31, 2025 | -12.21 Bn |
| Sep 30, 2025 | 4.83 Bn |
| Jun 30, 2025 | 4.61 Bn |
| Mar 31, 2025 | 5.70 Bn |
| Dec 31, 2024 | 4.50 Bn |
| Sep 30, 2024 | 5.02 Bn |
| Jun 30, 2024 | 4.87 Bn |
| Mar 31, 2024 | 7.26 Bn |
| Dec 31, 2023 | 17.21 Bn |
| Sep 30, 2023 | 9.65 Bn |
| Jun 30, 2023 | 4.16 Bn |
| Mar 31, 2023 | 7.72 Bn |
| Dec 31, 2022 | 23.52 Bn |
| Sep 30, 2022 | 5.74 Bn |
| Jun 30, 2022 | 8.61 Bn |
| Mar 31, 2022 | 10.06 Bn |
| Dec 31, 2021 | 5.55 Bn |
| Sep 30, 2021 | 4.24 Bn |