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| 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 | 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 |