Canadian Natural Resources (CNQ) EBITDA (2009 - 2026)
Canadian Natural Resources' EBITDA was $5.8 billion in the quarter ended Jun 30, 2026, up 67.1% from $3.47 billion a year earlier and up 102.8% from the prior quarter.
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Analysis
Canadian Natural Resources (CNQ) EBITDA (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Canadian Natural Resources' EBITDA was $18.33 billion through Jun 30, 2026, up 40.4% year-over-year; for the year ended Dec 31, 2025, it came in at -$15.42 billion.
- In earlier years, EBITDA was -$19.55 billion in the year ended Dec 31, 2024, -$17.98 billion in the year ended Dec 31, 2023, -$21.9 billion in the year ended Dec 31, 2022 and -$10.87 billion in the year ended Dec 31, 2021.
- Quarterly EBITDA has moved between $2.28 billion (the quarter ended Mar 31, 2024) and $6.91 billion (the quarter ended Dec 31, 2025) over five years.
- Compared with a year earlier, EBITDA was higher in four of the last eight quarters, with growth averaging 28.9%.
- The best year-over-year quarter for EBITDA over five years was the quarter ended Dec 31, 2025 (growth of 165.8%); the worst was the quarter ended Jun 30, 2023 (a decline of 47.5%).
- Per Business Quant data, CNQ's EBITDA in the three quarters before the quarter ended Jun 30, 2026 was $2.86 billion (quarter ended Mar 31, 2026), $6.91 billion (quarter ended Dec 31, 2025) and $2.75 billion (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Shell | 548.90 Bn | 459.45 Bn | 30.13 Bn | 33.13 Bn |
| 2 | Chevron | 407.58 Bn | 385.38 Bn | 33.45 Bn | -13.84 Bn |
| 3 | TotalEnergies SE | 199.37 Bn | 82.49 Bn | - | - |
| 4 | Eni Spa | 174.90 Bn | 124.42 Bn | - | 3.35 Bn |
| 5 | Conocophillips | 151.32 Bn | 124.03 Bn | 12.81 Bn | 13.36 Bn |
| 6 | Equinor Asa | 105.71 Bn | 51.77 Bn | - | 10.40 Bn |
| 7 | Phillips 66 | 101.18 Bn | 90.17 Bn | 8.38 Bn | -38.11 Bn |
| 8 | Canadian Natural Resources | 99.04 Bn | 95.99 Bn | - | 5.80 Bn |
| 9 | Suncor Energy | 82.08 Bn | 67.87 Bn | - | 7.04 Bn |
| 10 | Eog Resources | 73.77 Bn | 58.09 Bn | - | 4.79 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 5.80 Bn |
| Mar 31, 2026 | 2.86 Bn |
| Dec 31, 2025 | 6.91 Bn |
| Sep 30, 2025 | 2.75 Bn |
| Jun 30, 2025 | 3.47 Bn |
| Mar 31, 2025 | 3.64 Bn |
| Dec 31, 2024 | 2.60 Bn |
| Sep 30, 2024 | 3.34 Bn |
| Jun 30, 2024 | 2.97 Bn |
| Mar 31, 2024 | 2.28 Bn |
| Dec 31, 2023 | 3.77 Bn |
| Sep 30, 2023 | 3.63 Bn |
| Jun 30, 2023 | 2.49 Bn |
| Mar 31, 2023 | 2.86 Bn |
| Dec 31, 2022 | 3.34 Bn |
| Sep 30, 2022 | 4.12 Bn |
| Jun 30, 2022 | 4.75 Bn |
| Mar 31, 2022 | 4.46 Bn |
| Dec 31, 2021 | 4.01 Bn |
| Sep 30, 2021 | 3.52 Bn |
API Access
Canadian Natural Resources EBITDA API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebitda&ticker=CNQ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda", "ticker": "CNQ", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebitda&ticker=CNQ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();