Canadian Natural Resources (CNQ) EBITDA Margin (2009 - 2026)
Canadian Natural Resources (CNQ) reported EBITDA Margin of 72.1% for Q1 2026, down 821.0% on a YoY basis from 10.0% in Q1 2025, and down 70.16% sequentially from 241.65% in Q4 2025.
Canadian Natural Resources (CNQ) EBITDA Margin (2009 - 2026) Analysis & Trends
Canadian Natural Resources (CNQ) has 18 years of EBITDA Margin data on file, last reported at 72.1% in Q1 2026.
- For the quarter ending Q1 2026, EBITDA Margin fell 821.0% year-over-year to 72.1%; the trailing twelve-month figure through Mar 2026 stood at 118.4% (up 1407.0% YoY), and the FY2025 full-year result was 52.57%, up 1187.0% from the prior year.
- EBITDA Margin retreated to 72.1% in Q1 2026, from 241.65% in the prior quarter.
- In the past five years, EBITDA Margin ranged from a high of 242.7% in Q4 2022 to a low of 71.21% in Q3 2022.
- A 5-year average of 110.28% and a median of 80.85% in 2022 frame the typical range for EBITDA Margin.
- Across the five-year window, EBITDA Margin plunged 5613 bps in 2023 and surged 6318 bps in 2025, its largest moves.
- Tracing CNQ's EBITDA Margin over 5 years: stood at 242.7% in 2022, then declined by 23 bps to 186.57% in 2023, then declined by 4 bps to 178.46% in 2024, then surged by 35 bps to 241.65% in 2025, then tumbled by 70 bps to 72.1% in 2026.
- Business Quant data shows CNQ's EBITDA Margin at 72.1% in Q1 2026, 241.65% in Q4 2025, and 76.84% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 141.43 Bn | 135.06 Bn | 9.48 Bn | 45.70% |
| 2 | Eog Resources | 74.61 Bn | 70.76 Bn | - | 37.54% |
| 3 | Diamondback Energy | 55.39 Bn | 55.39 Bn | 4.22 Bn | 2.74% |
| 4 | Woodside Energy | 41.28 Bn | 35.34 Bn | 2.71 Bn | 89.26% |
| 5 | Occidental Petroleum | 32.80 Bn | 28.99 Bn | 4.87 Bn | 0.36% |
| 6 | Eqt | 32.48 Bn | 32.37 Bn | 1.42 Bn | 21.77% |
| 7 | Texas Pacific Land | 27.36 Bn | 27.11 Bn | - | 76.99% |
| 8 | Devon Energy | 26.53 Bn | 24.72 Bn | 3.61 Bn | 3.68% |
| 9 | Expand Energy | 21.67 Bn | 19.37 Bn | 4.21 Bn | 34.82% |
| 10 | Canadian Natural Resources | 13.17 Bn | 12.58 Bn | 6.72 Bn | 72.10% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 72.10% |
| Dec 31, 2025 | 241.65% |
| Sep 30, 2025 | 76.84% |
| Jun 30, 2025 | 87.03% |
| Mar 31, 2025 | 80.31% |
| Dec 31, 2024 | 178.46% |
| Sep 30, 2024 | 81.99% |
| Jun 30, 2024 | 78.09% |
| Mar 31, 2024 | 76.47% |
| Dec 31, 2023 | 186.57% |
| Sep 30, 2023 | 73.24% |
| Jun 30, 2023 | 86.72% |
| Mar 31, 2023 | 85.72% |
| Dec 31, 2022 | 242.70% |
| Sep 30, 2022 | 71.21% |
| Jun 30, 2022 | 74.87% |
| Mar 31, 2022 | 80.85% |
| Dec 31, 2021 | 182.99% |
| Sep 30, 2021 | 81.49% |
| Jun 30, 2021 | 87.42% |