Canadian Natural Resources (CNQ) EBT Margin (2009 - 2026)
Canadian Natural Resources' (CNQ) quarterly EBT Margin came in at 39.94% in Q2 2026, up 765.0% year-over-year from 4.62% in Q2 2025, and up 149.59% quarter-over-quarter from 16.0% in Q1 2026.
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Canadian Natural Resources (CNQ) EBT Margin (2009 - 2026) Analysis & Trends
Canadian Natural Resources has disclosed EBT Margin across 18 years of filings, most recently posting 39.94% for Q2 2026.
- In Q2 2026, EBT Margin rose 765.0% year-over-year to 39.94%; the TTM figure through Jun 2026 stood at 33.34% (up 620.0% YoY), while the FY2025 annual figure was 34.16%, up 1156.0% from the prior year.
- EBT Margin came in at 39.94% for Q2 2026 at Canadian Natural Resources, up from 16.0% in the prior quarter.
- In the past five years, EBT Margin ranged from a high of 71.27% in Q4 2025 to a low of 5.12% in Q3 2025.
- Average EBT Margin over 5 years is 25.67%, with a median of 23.69% recorded in 2023.
- Year-over-year, EBT Margin slumped 2812 bps in 2022 and surged 5452 bps in 2025.
- Over 5 years, EBT Margin stood at 8.9% in 2022, then jumped by 129 bps to 20.35% in 2023, then decreased by 18 bps to 16.75% in 2024, then surged by 325 bps to 71.27% in 2025, then sank by 44 bps to 39.94% in 2026.
- Per Business Quant data, the three most recent EBT Margin figures were 39.94% in Q2 2026, 16.0% in Q1 2026, and 71.27% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 166.07 Bn | 158.38 Bn | 12.81 Bn | 31.15% |
| 2 | Canadian Natural Resources | 107.37 Bn | 105.48 Bn | 8.84 Bn | 39.94% |
| 3 | Eog Resources | 77.26 Bn | 72.36 Bn | - | 40.59% |
| 4 | Diamondback Energy | 56.93 Bn | 56.47 Bn | 5.55 Bn | 47.38% |
| 5 | Devon Energy | 45.90 Bn | 44.89 Bn | 6.02 Bn | 28.52% |
| 6 | Expand Energy | 23.03 Bn | 21.76 Bn | 2.33 Bn | 22.70% |
| 7 | Permian Resources | 19.81 Bn | 19.55 Bn | - | 54.67% |
| 8 | Ovintiv | 18.04 Bn | 17.15 Bn | 2.83 Bn | 17.89% |
| 9 | Apa | 15.80 Bn | 15.36 Bn | 2.28 Bn | 53.23% |
| 10 | Antero Resources | 12.13 Bn | 11.56 Bn | 1.56 Bn | 23.43% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 39.94% |
| Mar 31, 2026 | 16.00% |
| Dec 31, 2025 | 71.27% |
| Sep 30, 2025 | 5.12% |
| Jun 30, 2025 | 32.29% |
| Mar 31, 2025 | 28.31% |
| Dec 31, 2024 | 16.75% |
| Sep 30, 2024 | 31.59% |
| Jun 30, 2024 | 24.93% |
| Mar 31, 2024 | 11.09% |
| Dec 31, 2023 | 20.35% |
| Sep 30, 2023 | 19.96% |
| Jun 30, 2023 | 22.46% |
| Mar 31, 2023 | 17.73% |
| Dec 31, 2022 | 8.90% |
| Sep 30, 2022 | 36.00% |
| Jun 30, 2022 | 32.81% |
| Mar 31, 2022 | 26.53% |
| Dec 31, 2021 | 37.01% |
| Sep 30, 2021 | 36.43% |