Canadian Natural Resources (CNQ) EBITDA Margin (2009 - 2026)
Canadian Natural Resources (CNQ) reported EBITDA Margin of 54.46% for the quarter ended Jun 30, 2026, down 0.86 percentage points from 55.32% a year earlier but up 18.15 percentage points from the prior quarter.
Canadian Natural Resources (CNQ) EBITDA Margin (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Canadian Natural Resources' EBITDA Margin came in at 56.66%, up 8.66 percentage points year-over-year; for the year ended Dec 31, 2025, it came in at -55.58%, up 19.50 percentage points from the prior year.
- EBITDA Margin has a five-year change of +6.02 percentage points (years ended Dec 2020 to Dec 2025).
- By year, EBITDA Margin came in at -75.08% in the year ended Dec 31, 2024 (-7.64 pp), -67.44% in the year ended Dec 31, 2023 (-0.13 pp), -67.32% in the year ended Dec 31, 2022 (-22.00 pp) and -45.32% in the year ended Dec 31, 2021 (+16.28 pp).
- Five-year quarterly EBITDA Margin spans a low of 36.31% in the quarter ended Mar 31, 2026 and a high of 100.23% in the quarter ended Dec 31, 2025.
- Year over year, EBITDA Margin gained in four of the last eight quarters, with an average year-over-year change of +5.70 percentage points.
- The high point for year-over-year EBITDA Margin in five years was the quarter ended Dec 31, 2025 (a gain of 61.90 percentage points); the low point was the quarter ended Dec 31, 2024 (a drop of 15.43 percentage points).
- Per Business Quant data, the three quarters before the quarter ended Jun 30, 2026 came in at 36.31% (quarter ended Mar 31, 2026), 100.23% (quarter ended Dec 31, 2025) and 39.84% (quarter ended Sep 30, 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Shell | 541.34 Bn | 451.89 Bn | 30.13 Bn | 35.00% |
| 2 | Chevron | 403.85 Bn | 381.64 Bn | 33.45 Bn | -19.76% |
| 3 | TotalEnergies SE | 193.34 Bn | 76.47 Bn | - | - |
| 4 | Eni Spa | 172.00 Bn | 121.52 Bn | - | 12.70% |
| 5 | Conocophillips | 150.68 Bn | 123.39 Bn | 12.81 Bn | 68.45% |
| 6 | Equinor Asa | 103.39 Bn | 49.45 Bn | - | 29.57% |
| 7 | Phillips 66 | 100.64 Bn | 89.62 Bn | 8.38 Bn | -73.22% |
| 8 | Canadian Natural Resources | 98.19 Bn | 95.14 Bn | - | 54.46% |
| 9 | Suncor Energy | 80.57 Bn | 66.37 Bn | - | 40.25% |
| 10 | Eog Resources | 73.27 Bn | 57.59 Bn | - | 55.53% |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 54.46% |
| Mar 31, 2026 | 36.31% |
| Dec 31, 2025 | 100.23% |
| Sep 30, 2025 | 39.84% |
| Jun 30, 2025 | 55.32% |
| Mar 31, 2025 | 47.76% |
| Dec 31, 2024 | 38.33% |
| Sep 30, 2024 | 51.29% |
| Jun 30, 2024 | 44.89% |
| Mar 31, 2024 | 37.35% |
| Dec 31, 2023 | 53.76% |
| Sep 30, 2023 | 49.23% |
| Jun 30, 2023 | 42.42% |
| Mar 31, 2023 | 44.73% |
| Dec 31, 2022 | 46.81% |
| Sep 30, 2022 | 51.34% |
| Jun 30, 2022 | 52.77% |
| Mar 31, 2022 | 52.89% |
| Dec 31, 2021 | 54.86% |
| Sep 30, 2021 | 57.44% |
Canadian Natural Resources EBITDA Margin 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-margin&ticker=CNQ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "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-margin&ticker=CNQ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();