Canadian Natural Resources (CNQ) Free Cash Flow (2009 - 2026)
Canadian Natural Resources' Free Cash Flow was $4.93 billion in the quarter ended Jun 30, 2026, up 579.4% from $726.04 million a year earlier and up 106.1% from the prior quarter.
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Analysis
Canadian Natural Resources (CNQ) Free Cash Flow (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Canadian Natural Resources' Free Cash Flow was $11.21 billion through Jun 30, 2026; for the year ended Dec 31, 2025, it was $10.81 billion, up 412.7% from the prior year.
- Free Cash Flow shows a five-year compound annual growth rate of 57.2% (years ended Dec 2020 to Dec 2025).
- In earlier years, Free Cash Flow was $2.11 billion in the year ended Dec 31, 2024 (-77.0%), $9.16 billion in the year ended Dec 31, 2023 (-38.6%), $14.91 billion in the year ended Dec 31, 2022 (+29.1%) and $11.55 billion in the year ended Dec 31, 2021 (+926.3%).
- The figure for the quarter ended Jun 30, 2026 marks the highest quarterly Free Cash Flow in data going back to the quarter ended Dec 31, 2009.
- Compared with a year earlier, Free Cash Flow was higher in four of the last six quarters, with growth averaging 90.5%.
- The best year-over-year quarter for Free Cash Flow over five years was the quarter ended Jun 30, 2026 (growth of 579.4%); the worst was the quarter ended Jun 30, 2025 (a decline of 75.7%).
- Per Business Quant data, CNQ's Free Cash Flow in the three quarters before the quarter ended Jun 30, 2026 was $2.39 billion (quarter ended Mar 31, 2026), $2.7 billion (quarter ended Dec 31, 2025) and $1.18 billion (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 674.90 Bn | 638.12 Bn | - | 17.03 Bn |
| 2 | Shell | 547.48 Bn | 458.03 Bn | 30.13 Bn | 25.67 Bn |
| 3 | Chevron | 408.53 Bn | 386.32 Bn | 33.45 Bn | 18.10 Bn |
| 4 | TotalEnergies SE | 186.30 Bn | 69.43 Bn | - | 16.11 Bn |
| 5 | Eni Spa | 172.32 Bn | 121.84 Bn | - | 4.96 Bn |
| 6 | Conocophillips | 152.28 Bn | 124.99 Bn | 12.81 Bn | 4.41 Bn |
| 7 | Equinor Asa | 106.44 Bn | 52.50 Bn | - | 6.60 Bn |
| 8 | Phillips 66 | 105.58 Bn | 94.57 Bn | 8.38 Bn | 6.53 Bn |
| 9 | Canadian Natural Resources | 100.85 Bn | 97.81 Bn | - | 4.93 Bn |
| 10 | Suncor Energy | 83.03 Bn | 68.83 Bn | - | 4.31 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 4.93 Bn |
| Mar 31, 2026 | 2.39 Bn |
| Dec 31, 2025 | 2.70 Bn |
| Sep 30, 2025 | 1.18 Bn |
| Jun 30, 2025 | 726.04 Mn |
| Mar 31, 2025 | 1.95 Bn |
| Dec 31, 2024 | -5.06 Bn |
| Sep 30, 2024 | 1.06 Bn |
| Jun 30, 2024 | 2.99 Bn |
| Mar 31, 2024 | 1.18 Bn |
| Dec 31, 2023 | 3.54 Bn |
| Sep 30, 2023 | 2.61 Bn |
| Jun 30, 2023 | 2.04 Bn |
| Mar 31, 2023 | 957.91 Mn |
| Dec 31, 2022 | 3.35 Bn |
| Sep 30, 2022 | 4.68 Bn |
| Jun 30, 2022 | 3.49 Bn |
| Mar 31, 2022 | 1.10 Bn |
| Dec 31, 2021 | 3.74 Bn |
| Sep 30, 2021 | 3.41 Bn |
API Access
Canadian Natural Resources Free Cash Flow API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=free-cash-flow&ticker=CNQ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "free-cash-flow", "ticker": "CNQ", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=free-cash-flow&ticker=CNQ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();