Canadian Natural Resources (CNQ) EBT Margin (2009 - 2026)
Canadian Natural Resources' (CNQ) quarterly EBT Margin came in at 16.0% in Q1 2026, down 1231.0% year-on-year from 1.42% in Q1 2025, and down 74.97% quarter-over-quarter from 63.94% in Q4 2025.
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 16.0% for Q1 2026.
- EBT Margin for Q1 2026 came in at 16.0%, down 1231.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 29.75% (up 432.0% YoY), and the FY2025 annual result was 34.16%, up 1474.0% from the prior year.
- EBT Margin came in at 16.0% for Q1 2026 at Canadian Natural Resources, down from 63.94% in the prior quarter.
- In the past five years, EBT Margin ranged from a high of 63.94% in Q4 2025 to a low of 5.12% in Q3 2025.
- The 5-year median for EBT Margin is 28.31% (2025), against an average of 27.05%.
- Peak annual rise in EBT Margin reached 4719 bps in 2025, while the deepest fall reached 2647 bps in 2025.
- Canadian Natural Resources' EBT Margin stood at 13.73% in 2022, then surged by 126 bps to 30.96% in 2023, then tumbled by 46 bps to 16.75% in 2024, then jumped by 282 bps to 63.94% in 2025, then slumped by 75 bps to 16.0% in 2026.
- The last three EBT Margin figures came in at 16.0% (Q1 2026), 63.94% (Q4 2025), and 5.12% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Woodside Energy | 631.53 Bn | 625.59 Bn | - | - |
| 2 | Canadian Natural Resources | 402.73 Bn | 402.73 Bn | 6.72 Bn | 16.00% |
| 3 | Conocophillips | 145.39 Bn | 139.02 Bn | 9.48 Bn | 21.34% |
| 4 | Eog Resources | 74.61 Bn | 70.76 Bn | - | 36.92% |
| 5 | Occidental Petroleum | 57.00 Bn | 53.82 Bn | 4.87 Bn | 7.46% |
| 6 | Diamondback Energy | 56.03 Bn | 62.20 Bn | 4.22 Bn | 4.15% |
| 7 | Vista Energy, S.A.B. de C.V | 36.26 Bn | 35.65 Bn | 472.36 Mn | 16.59% |
| 8 | Eqt | 33.02 Bn | 36.36 Bn | 2.98 Bn | 58.82% |
| 9 | Vermilion Energy | 32.76 Bn | 32.57 Bn | 370.10 Mn | -47.21% |
| 10 | Devon Energy | 27.78 Bn | 27.78 Bn | 3.61 Bn | -2.91% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 16.00% |
| Dec 31, 2025 | 63.94% |
| 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 | 17.08% |
| Dec 31, 2023 | 30.96% |
| Sep 30, 2023 | 31.80% |
| Jun 30, 2023 | 22.46% |
| Mar 31, 2023 | 23.96% |
| Dec 31, 2022 | 13.73% |
| Sep 30, 2022 | 29.94% |
| Jun 30, 2022 | 32.81% |
| Mar 31, 2022 | 38.18% |
| Dec 31, 2021 | 37.01% |
| Sep 30, 2021 | 36.43% |
| Jun 30, 2021 | 28.03% |