Canadian Natural Resources CNQ
NYSE CNQ
$51.33 +0.43 (+0.84%)
As of: Sep 9, 2026 · 3:59 PM EDT

Canadian Natural Resources (CNQ) EV to CFO (2010 - 2026)

Canadian Natural Resources' (CNQ) quarterly EV to CFO came in at 16.29 in Q2 2026, down 44.51% year-over-year from 29.35 in Q2 2025, and down 61.35% quarter-over-quarter from 42.14 in Q1 2026.

Analysis

Canadian Natural Resources (CNQ) EV to CFO (2010 - 2026) Analysis & Trends

Canadian Natural Resources has disclosed EV to CFO across 16 years of filings, most recently posting 16.29 for Q2 2026.

  • In Q2 2026, EV to CFO fell 44.51% year-over-year to 16.29; the TTM figure through Jun 2026 stood at 6.23 (down 6.56% YoY), while the FY2025 annual figure was 6.47, down 4.32% from the prior year.
  • EV to CFO came in at 16.29 for Q2 2026 at Canadian Natural Resources, down from 42.14 in the prior quarter.
  • In the past five years, EV to CFO ranged from a high of 63.62 in Q1 2023 to a low of 11.54 in Q3 2022.
  • Average EV to CFO over 5 years is 27.19, with a median of 25.62 recorded in 2024.
  • Year-over-year, EV to CFO surged 156.29% in 2023 and plunged 44.51% in 2026.
  • Over 5 years, EV to CFO stood at 18.08 in 2022, then rose by 8.84% to 19.68 in 2023, then soared by 34.04% to 26.38 in 2024, then dropped by 1.83% to 25.9 in 2025, then sank by 37.12% to 16.29 in 2026.
  • Per Business Quant data, the three most recent EV to CFO figures were 16.29 in Q2 2026, 42.14 in Q1 2026, and 25.9 in Q4 2025.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Conocophillips 161.33 Bn 153.64 Bn 12.81 Bn
2 Canadian Natural Resources 104.99 Bn 103.10 Bn 8.84 Bn
3 Eog Resources 76.13 Bn 71.22 Bn -
4 Diamondback Energy 55.89 Bn 61.52 Bn 5.55 Bn
5 Devon Energy 52.87 Bn 51.86 Bn 6.02 Bn
6 Expand Energy 22.67 Bn 21.40 Bn 2.33 Bn
7 Permian Resources 19.56 Bn 19.30 Bn -
8 Ovintiv 17.91 Bn 17.03 Bn 2.83 Bn
9 Apa 14.98 Bn 15.46 Bn 2.28 Bn
10 Antero Resources 12.17 Bn 11.60 Bn 1.56 Bn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 16.29
Mar 31, 2026 42.14
Dec 31, 2025 25.90
Sep 30, 2025 23.45
Jun 30, 2025 29.35
Mar 31, 2025 21.67
Dec 31, 2024 26.38
Sep 30, 2024 32.12
Jun 30, 2024 25.34
Mar 31, 2024 38.18
Dec 31, 2023 19.68
Sep 30, 2023 27.29
Jun 30, 2023 30.31
Mar 31, 2023 63.62
Dec 31, 2022 18.08
Sep 30, 2022 11.54
Jun 30, 2022 13.24
Mar 31, 2022 24.82
Dec 31, 2021 12.78
Sep 30, 2021 12.22