Canadian Natural Resources CNQ
NYSE CNQ
$51.06 -0.29 (-0.57%)
As of: Sep 10, 2026 · 2:03 PM EDT

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

Canadian Natural Resources' (CNQ) quarterly EBITDA Margin came in at 81.91% in Q2 2026, up 847.0% year-over-year from 8.65% in Q2 2025, and up 26.49% quarter-over-quarter from 64.75% in Q1 2026.

Analysis

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

Canadian Natural Resources has disclosed EBITDA Margin across 18 years of filings, most recently posting 81.91% for Q2 2026.

  • In Q2 2026, EBITDA Margin rose 847.0% year-over-year to 81.91%; the TTM figure through Jun 2026 stood at 19.96% (down 5297.0% YoY), while the FY2025 annual figure was 10.54%, down 4953.0% from the prior year.
  • EBITDA Margin came in at 81.91% for Q2 2026 at Canadian Natural Resources, up from 64.75% in the prior quarter.
  • In the past five years, EBITDA Margin ranged from a high of 213.54% in Q4 2022 to a low of 177.15% in Q4 2025.
  • Average EBITDA Margin over 5 years is 73.56%, with a median of 75.92% recorded in 2024.
  • Year-over-year, EBITDA Margin jumped 13766 bps in 2022 and plunged 24353 bps in 2025.
  • Over 5 years, EBITDA Margin stood at 213.54% in 2022, then slipped by 25 bps to 161.19% in 2023, then slumped by 59 bps to 66.38% in 2024, then tumbled by 367 bps to 177.15% in 2025, then surged by 146 bps to 81.91% in 2026.
  • Per Business Quant data, the three most recent EBITDA Margin figures were 81.91% in Q2 2026, 64.75% in Q1 2026, and 177.15% in Q4 2025.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBITDA Margin (Qtr)
1 Conocophillips 166.97 Bn 159.28 Bn 12.81 Bn 53.17%
2 Canadian Natural Resources 106.82 Bn 104.92 Bn 8.84 Bn 81.91%
3 Eog Resources 77.61 Bn 72.70 Bn - 40.93%
4 Diamondback Energy 57.64 Bn 57.18 Bn 5.55 Bn 45.16%
5 Devon Energy 46.73 Bn 45.72 Bn 6.02 Bn 32.14%
6 Expand Energy 23.21 Bn 21.95 Bn 2.33 Bn 22.33%
7 Permian Resources 19.98 Bn 19.72 Bn - 49.95%
8 Ovintiv 18.04 Bn 17.15 Bn 2.83 Bn 32.99%
9 Apa 15.87 Bn 15.42 Bn 2.28 Bn 48.15%
10 Antero Resources 12.22 Bn 11.64 Bn 1.56 Bn 24.07%
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 81.91%
Mar 31, 2026 64.75%
Dec 31, 2025 -177.15%
Sep 30, 2025 69.84%
Jun 30, 2025 73.44%
Mar 31, 2025 74.83%
Dec 31, 2024 66.38%
Sep 30, 2024 77.03%
Jun 30, 2024 73.58%
Mar 31, 2024 77.01%
Dec 31, 2023 161.19%
Sep 30, 2023 82.05%
Jun 30, 2023 70.81%
Mar 31, 2023 80.80%
Dec 31, 2022 213.54%
Sep 30, 2022 71.60%
Jun 30, 2022 79.48%
Mar 31, 2022 82.89%
Dec 31, 2021 75.88%
Sep 30, 2021 69.15%