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 EBITDA (2010 - 2026)

Canadian Natural Resources' (CNQ) quarterly EV to EBITDA came in at 9.2 in Q2 2026, down 35.68% year-over-year from 14.31 in Q2 2025, and down 53.42% quarter-over-quarter from 19.76 in Q1 2026.

Analysis

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

Canadian Natural Resources has disclosed EV to EBITDA across 17 years of filings, most recently posting 9.2 for Q2 2026.

  • In Q2 2026, EV to EBITDA fell 35.68% year-over-year to 9.2; the TTM figure through Jun 2026 stood at 12.44 (up 274.18% YoY), while the FY2025 annual figure was 23.93, up 465.95% from the prior year.
  • EV to EBITDA came in at 9.2 for Q2 2026 at Canadian Natural Resources, down from 19.76 in the prior quarter.
  • In the past five years, EV to EBITDA ranged from a high of 19.76 in Q1 2026 to a low of 5.73 in Q4 2025.
  • Average EV to EBITDA over 5 years is 9.91, with a median of 10.3 recorded in 2022.
  • Year-over-year, EV to EBITDA soared 256.24% in 2024 and sank 139.79% in 2025.
  • Over 5 years, EV to EBITDA stood at 2.57 in 2022, then soared by 57.09% to 4.04 in 2023, then soared by 256.24% to 14.41 in 2024, then slumped by 139.79% to 5.73 in 2025, then surged by 260.53% to 9.2 in 2026.
  • Per Business Quant data, the three most recent EV to EBITDA figures were 9.2 in Q2 2026, 19.76 in Q1 2026, and 5.73 in Q4 2025.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Conocophillips 166.07 Bn 158.38 Bn 12.81 Bn
2 Canadian Natural Resources 107.37 Bn 105.48 Bn 8.84 Bn
3 Eog Resources 77.26 Bn 72.36 Bn -
4 Diamondback Energy 56.93 Bn 56.47 Bn 5.55 Bn
5 Devon Energy 45.90 Bn 44.89 Bn 6.02 Bn
6 Expand Energy 23.03 Bn 21.76 Bn 2.33 Bn
7 Permian Resources 19.81 Bn 19.55 Bn -
8 Ovintiv 18.04 Bn 17.15 Bn 2.83 Bn
9 Apa 15.80 Bn 15.36 Bn 2.28 Bn
10 Antero Resources 12.13 Bn 11.56 Bn 1.56 Bn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 9.20
Mar 31, 2026 19.76
Dec 31, 2025 -5.73
Sep 30, 2025 13.90
Jun 30, 2025 14.31
Mar 31, 2025 11.34
Dec 31, 2024 14.41
Sep 30, 2024 14.08
Jun 30, 2024 15.54
Mar 31, 2024 11.20
Dec 31, 2023 4.04
Sep 30, 2023 7.38
Jun 30, 2023 14.89
Mar 31, 2023 7.90
Dec 31, 2022 2.57
Sep 30, 2022 9.40
Jun 30, 2022 7.11
Mar 31, 2022 7.04
Dec 31, 2021 8.61
Sep 30, 2021 9.83