Canadian Natural Resources (CNQ) EBT Margin (2009 - 2026)
Canadian Natural Resources (CNQ) posted EBT Margin of 13.95% for Q1 2026, down 78.19% sequentially from 63.94% in Q4 2025, and down 1042.0% YoY from 1.48% in Q1 2025.
Canadian Natural Resources (CNQ) EBT Margin (2009 - 2026) Analysis & Trends
Canadian Natural Resources has reported EBT Margin for 18 years, with the latest figure at 13.95% in Q1 2026.
- Quarterly EBT Margin fell 1042.0% year-over-year to 13.95% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 28.59% (up 425.0% YoY) and the FY2025 annual result came in at 29.98%, up 1056.0% from the prior year.
- EBT Margin declined to 13.95% in Q1 2026 per CNQ's latest filing, from 63.94% in the prior quarter.
- Over five years, EBT Margin peaked at 63.94% in Q4 2025 and troughed at 5.12% in Q3 2025.
- A 5-year average of 25.57% and a median of 24.93% in 2024 frame the typical range for EBT Margin.
- The widest YoY moves for EBT Margin: up 4719 bps in 2025, down 2647 bps in 2025.
- Over 5 years, EBT Margin stood at 12.08% in 2022, then soared by 129 bps to 27.7% in 2023, then plunged by 40 bps to 16.75% in 2024, then soared by 282 bps to 63.94% in 2025, then slumped by 78 bps to 13.95% in 2026.
- According to Business Quant data, EBT Margin over the past three periods registered 13.95%, 63.94%, and 5.12% for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 163.55 Bn | 155.86 Bn | 12.81 Bn | 31.15% |
| 2 | Canadian Natural Resources | 106.27 Bn | 104.37 Bn | 10.66 Bn | 34.20% |
| 3 | Eog Resources | 80.09 Bn | 75.19 Bn | - | 40.59% |
| 4 | Diamondback Energy | 59.30 Bn | 58.83 Bn | 5.55 Bn | 47.38% |
| 5 | Devon Energy | 46.23 Bn | 45.22 Bn | 6.02 Bn | 28.52% |
| 6 | Woodside Energy | 45.77 Bn | 39.83 Bn | 6.02 Bn | 32.93% |
| 7 | Occidental Petroleum | 39.39 Bn | 35.24 Bn | 7.73 Bn | 48.54% |
| 8 | Eqt | 33.71 Bn | 33.60 Bn | 1.42 Bn | 20.24% |
| 9 | Texas Pacific Land | 25.43 Bn | 25.18 Bn | - | 78.72% |
| 10 | Expand Energy | 22.90 Bn | 21.63 Bn | 2.33 Bn | 22.70% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 13.95% |
| Dec 31, 2025 | 63.94% |
| Sep 30, 2025 | 5.12% |
| Jun 30, 2025 | 32.29% |
| Mar 31, 2025 | 24.36% |
| Dec 31, 2024 | 16.75% |
| Sep 30, 2024 | 31.59% |
| Jun 30, 2024 | 24.93% |
| Mar 31, 2024 | 14.94% |
| Dec 31, 2023 | 27.70% |
| Sep 30, 2023 | 26.76% |
| Jun 30, 2023 | 20.03% |
| Mar 31, 2023 | 23.96% |
| Dec 31, 2022 | 12.08% |
| Sep 30, 2022 | 29.94% |
| Jun 30, 2022 | 32.81% |
| Mar 31, 2022 | 33.61% |
| Dec 31, 2021 | 33.46% |
| Sep 30, 2021 | 36.43% |
| Jun 30, 2021 | 28.03% |