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
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 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