Canadian Natural Resources (CNQ) Free Cash Flow (2009 - 2026)

Canadian Natural Resources (CNQ) reported Free Cash Flow of $1.5 billion for Q1 2026, up 68.77% on a YoY basis from $903.9 million in Q1 2025, and up 247.94% sequentially from -$1.0 billion in Q4 2025.

Canadian Natural Resources (CNQ) Free Cash Flow (2009 - 2026) Analysis & Trends

Canadian Natural Resources (CNQ) has 18 years of Free Cash Flow data on file, last reported at $1.5 billion in Q1 2026.

  • For the quarter ending Q1 2026, Free Cash Flow rose 68.77% year-over-year to $1.5 billion; the trailing twelve-month figure through Mar 2026 stood at -$2.7 billion (down 167.83% YoY), and the FY2025 full-year result was $15.6 billion, up 14.28% from the prior year.
  • Free Cash Flow rose to $1.5 billion in Q1 2026, from -$1.0 billion in the prior quarter.
  • In the past five years, Free Cash Flow ranged from a high of $1.5 billion in Q1 2026 to a low of -$1.7 billion in Q3 2025.
  • A 5-year average of $564.6 million and a median of $903.9 million in 2025 frame the typical range for Free Cash Flow.
  • Across the five-year window, Free Cash Flow jumped 85.61% in 2022 and plunged 270.97% in 2025, its largest moves.
  • Tracing CNQ's Free Cash Flow over 5 years: stood at $901.7 million in 2022, then decreased by 21.55% to $707.4 million in 2023, then advanced by 29.64% to $917.0 million in 2024, then plunged by 212.45% to -$1.0 billion in 2025, then soared by 247.94% to $1.5 billion in 2026.
  • Business Quant data shows CNQ's Free Cash Flow at $1.5 billion in Q1 2026, -$1.0 billion in Q4 2025, and -$1.7 billion in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 Conocophillips 141.43 Bn 135.06 Bn 9.48 Bn 1.35 Bn
2 Eog Resources 74.61 Bn 70.76 Bn - 2.81 Bn
3 Diamondback Energy 55.39 Bn 55.39 Bn 4.22 Bn 895.00 Mn
4 Woodside Energy 41.28 Bn 35.34 Bn 2.71 Bn -
5 Occidental Petroleum 32.80 Bn 28.99 Bn 4.87 Bn -273.00 Mn
6 Eqt 32.48 Bn 32.37 Bn 1.42 Bn 397.84 Mn
7 Texas Pacific Land 27.36 Bn 27.11 Bn - 162.01 Mn
8 Devon Energy 26.53 Bn 24.72 Bn 3.61 Bn 816.00 Mn
9 Expand Energy 21.67 Bn 19.37 Bn 4.21 Bn 1.70 Bn
10 Canadian Natural Resources 13.17 Bn 12.58 Bn 6.72 Bn 1.53 Bn

Historic Data

Download Data
DateValue
Mar 31, 2026 1.53 Bn
Mar 31, 2026 1.53 Bn
Dec 31, 2025 -1.03 Bn
Dec 31, 2025 -1.03 Bn
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