Canadian Natural Resources (CNQ) EV to FCF (2010 - 2026)
Canadian Natural Resources' (CNQ) quarterly EV to FCF came in at 12.07 in Q2 2026, down 34.24% year-over-year from 18.36 in Q2 2025, and down 53.08% quarter-over-quarter from 25.73 in Q1 2026.
Analysis
Canadian Natural Resources (CNQ) EV to FCF (2010 - 2026) Analysis & Trends
Canadian Natural Resources has disclosed EV to FCF across 17 years of filings, most recently posting 12.07 for Q2 2026.
- In Q2 2026, EV to FCF fell 34.24% year-over-year to 12.07; the TTM figure through Jun 2026 stood at 4.3 (down 24.99% YoY), while the FY2025 annual figure was 4.49, down 7.42% from the prior year.
- EV to FCF came in at 12.07 for Q2 2026 at Canadian Natural Resources, down from 25.73 in the prior quarter.
- In the past five years, EV to FCF ranged from a high of 165.38 in Q2 2023 to a low of 203.76 in Q1 2023.
- Average EV to FCF over 5 years is 29.65, with a median of 22.47 recorded in 2024.
- The largest YoY upside for EV to FCF was 1440.47% in 2023 against a maximum downside of 502.22% in 2023.
- Over 5 years, EV to FCF stood at 28.63 in 2022, then climbed by 0.78% to 28.85 in 2023, then slumped by 33.41% to 19.21 in 2024, then retreated by 2.73% to 18.69 in 2025, then plunged by 35.39% to 12.07 in 2026.
- Per Business Quant data, the three most recent EV to FCF figures were 12.07 in Q2 2026, 25.73 in Q1 2026, and 18.69 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
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 12.07 |
| Mar 31, 2026 | 25.73 |
| Dec 31, 2025 | 18.69 |
| Sep 30, 2025 | 15.39 |
| Jun 30, 2025 | 18.36 |
| Mar 31, 2025 | 16.64 |
| Dec 31, 2024 | 19.21 |
| Sep 30, 2024 | 109.16 |
| Jun 30, 2024 | 61.23 |
| Mar 31, 2024 | 95.23 |
| Dec 31, 2023 | 28.85 |
| Sep 30, 2023 | 51.66 |
| Jun 30, 2023 | 165.38 |
| Mar 31, 2023 | -203.76 |
| Dec 31, 2022 | 28.63 |
| Sep 30, 2022 | 9.73 |
| Jun 30, 2022 | 10.74 |
| Mar 31, 2022 | 50.66 |
| Dec 31, 2021 | 9.60 |
| Sep 30, 2021 | 10.00 |