Canadian Natural Resources (CNQ) Free Cash Flow (2009 - 2026)
Canadian Natural Resources (CNQ) posted Free Cash Flow of $1.5 billion for Q1 2026, up 271.98% sequentially from -$887.0 million in Q4 2025, and up 68.77% YoY from $903.9 million in Q1 2025.
Canadian Natural Resources (CNQ) Free Cash Flow (2009 - 2026) Analysis & Trends
Canadian Natural Resources has reported Free Cash Flow for 18 years, with the latest figure at $1.5 billion in Q1 2026.
- Quarterly Free Cash Flow rose 68.77% year-over-year to $1.5 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$2.6 billion (down 164.22% YoY) and the FY2025 annual result came in at $15.6 billion, up 14.28% from the prior year.
- Free Cash Flow rose to $1.5 billion in Q1 2026 per CNQ's latest filing, from -$887.0 million in the prior quarter.
- Over five years, Free Cash Flow peaked at $1.5 billion in Q1 2026 and troughed at -$1.7 billion in Q3 2025.
- A 5-year average of $573.1 million and a median of $903.9 million in 2025 frame the typical range for Free Cash Flow.
- The sharpest annual moves came in 2022 and 2025: Free Cash Flow soared 85.61% in 2022, then slumped 270.97% in 2025.
- Over 5 years, Free Cash Flow stood at $901.7 million in 2022, then declined by 21.55% to $707.4 million in 2023, then increased by 29.64% to $917.0 million in 2024, then slumped by 196.73% to -$887.0 million in 2025, then surged by 271.98% to $1.5 billion in 2026.
- According to Business Quant data, Free Cash Flow over the past three periods registered $1.5 billion, -$887.0 million, and -$1.7 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 164.44 Bn | 156.75 Bn | 12.81 Bn | 4.41 Bn |
| 2 | Canadian Natural Resources | 106.98 Bn | 105.09 Bn | 10.66 Bn | 1.72 Bn |
| 3 | Eog Resources | 80.47 Bn | 75.56 Bn | - | 3.03 Bn |
| 4 | Diamondback Energy | 59.28 Bn | 58.82 Bn | 5.55 Bn | 2.59 Bn |
| 5 | Woodside Energy | 46.13 Bn | 40.18 Bn | 6.02 Bn | - |
| 6 | Devon Energy | 46.12 Bn | 45.11 Bn | 6.02 Bn | 2.36 Bn |
| 7 | Occidental Petroleum | 39.25 Bn | 35.10 Bn | 7.73 Bn | 3.50 Bn |
| 8 | Eqt | 33.67 Bn | 33.56 Bn | 1.42 Bn | 397.84 Mn |
| 9 | Texas Pacific Land | 26.50 Bn | 26.25 Bn | - | 70.05 Mn |
| 10 | Expand Energy | 22.89 Bn | 21.63 Bn | 2.33 Bn | 343.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.53 Bn |
| Mar 31, 2026 | 1.53 Bn |
| Dec 31, 2025 | -887.04 Mn |
| Dec 31, 2025 | -887.04 Mn |
| Sep 30, 2025 | -1.68 Bn |
| Sep 30, 2025 | -1.68 Bn |
| Jun 30, 2025 | -1.52 Bn |
| Jun 30, 2025 | -1.52 Bn |
| Mar 31, 2025 | 903.90 Mn |
| Mar 31, 2025 | 903.90 Mn |
| Dec 31, 2024 | 917.00 Mn |
| Dec 31, 2024 | 917.00 Mn |
| Sep 30, 2024 | 983.02 Mn |
| Sep 30, 2024 | 983.02 Mn |
| Jun 30, 2024 | 1.19 Bn |
| Jun 30, 2024 | 1.19 Bn |
| Mar 31, 2024 | 774.77 Mn |
| Mar 31, 2024 | 774.77 Mn |
| Dec 31, 2023 | 707.36 Mn |
| Dec 31, 2023 | 707.36 Mn |