Canadian Natural Resources (CNQ) FCF Payout Ratio (2009 - 2026)

Canadian Natural Resources' (CNQ) quarterly FCF Payout Ratio came in at 0.59 in Q1 2026, up 35.91% year-on-year from 0.43 in Q1 2025, and down 159.03% quarter-over-quarter from 0.99 in Q4 2025.

Canadian Natural Resources (CNQ) FCF Payout Ratio (2009 - 2026) Analysis & Trends

Canadian Natural Resources has disclosed FCF Payout Ratio across 18 years of filings, most recently posting 0.59 for Q1 2026.

  • FCF Payout Ratio for Q1 2026 came in at 0.59, up 35.91% year-over-year; the trailing twelve-month figure through Mar 2026 was 1.55 (up 290.18% YoY), and the FY2025 annual result was 0.22, down 5.7% from the prior year.
  • FCF Payout Ratio came in at 0.59 for Q1 2026 at Canadian Natural Resources, down from 0.99 in the prior quarter.
  • In the past five years, FCF Payout Ratio ranged from a high of 0.99 in Q4 2025 to a low of 2.24 in Q3 2022.
  • The 5-year median for FCF Payout Ratio is 0.63 (2023), against an average of 0.42.
  • Peak annual rise in FCF Payout Ratio reached 240.64% in 2022, while the deepest fall reached 282.01% in 2022.
  • Canadian Natural Resources' FCF Payout Ratio stood at 0.5 in 2022, then soared by 48.16% to 0.74 in 2023, then plunged by 217.37% to 0.87 in 2024, then jumped by 214.38% to 0.99 in 2025, then tumbled by 159.03% to 0.59 in 2026.
  • The last three FCF Payout Ratio figures came in at 0.59 (Q1 2026), 0.99 (Q4 2025), and 0.58 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Cover (Qtr)
1 Woodside Energy 630.08 Bn 624.14 Bn - -
2 Canadian Natural Resources 388.31 Bn 388.31 Bn 6.72 Bn -0.59
3 Conocophillips 142.98 Bn 136.61 Bn 9.48 Bn 0.77
4 Eog Resources 72.93 Bn 69.08 Bn - 0.19
5 Occidental Petroleum 55.91 Bn 52.73 Bn 4.87 Bn 0.33
6 Diamondback Energy 54.95 Bn 61.11 Bn 4.22 Bn 0.13
7 Vista Energy, S.A.B. de C.V 35.18 Bn 34.56 Bn 472.36 Mn -
8 Eqt 32.94 Bn 36.28 Bn 2.98 Bn 0.04
9 Vermilion Energy 31.24 Bn 31.05 Bn 370.10 Mn 0.00
10 Devon Energy 27.08 Bn 27.08 Bn 3.61 Bn 0.19

Historic Data

Download Data
DateValue
Mar 31, 2026 -0.59
Dec 31, 2025 0.99
Sep 30, 2025 0.58
Jun 30, 2025 0.64
Mar 31, 2025 -0.91
Dec 31, 2024 -0.87
Sep 30, 2024 -0.83
Jun 30, 2024 -0.69
Mar 31, 2024 -1.03
Dec 31, 2023 0.74
Sep 30, 2023 -0.89
Jun 30, 2023 -0.63
Mar 31, 2023 -0.76
Dec 31, 2022 0.50
Sep 30, 2022 -2.24
Jun 30, 2022 -0.63
Mar 31, 2022 -0.50
Dec 31, 2021 -0.35
Sep 30, 2021 -0.59
Jun 30, 2021 -0.45