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 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

Historic Data

Download Data
DateValue
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