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

Canadian Natural Resources' (CNQ) quarterly Free Cash Flow came in at $1.5 billion in Q1 2026, up 68.77% year-on-year from $903.9 million in Q1 2025, and up 271.98% quarter-over-quarter from -$887.0 million in Q4 2025.

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

Canadian Natural Resources has disclosed Free Cash Flow across 18 years of filings, most recently posting $1.5 billion for Q1 2026.

  • Free Cash Flow for Q1 2026 came in at $1.5 billion, up 68.77% year-over-year; the trailing twelve-month figure through Mar 2026 was -$2.3 billion (down 157.29% YoY), and the FY2025 annual result was $15.6 billion, up 14.28% from the prior year.
  • Free Cash Flow came in at $1.5 billion for Q1 2026 at Canadian Natural Resources, up from -$887.0 million 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 -$1.5 billion in Q3 2025.
  • The 5-year median for Free Cash Flow is $903.9 million (2025), against an average of $364.8 million.
  • Across the five-year window, Free Cash Flow jumped 194.05% in 2024 and plunged 257.0% in 2025, its largest moves.
  • Canadian Natural Resources' Free Cash Flow stood at -$1.2 billion in 2022, then grew by 20.92% to -$975.0 million in 2023, then surged by 194.05% to $917.0 million in 2024, then slumped by 196.73% to -$887.0 million in 2025, then soared by 271.98% to $1.5 billion in 2026.
  • The last three Free Cash Flow figures came in at $1.5 billion (Q1 2026), -$887.0 million (Q4 2025), and -$1.5 billion (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF (Qtr)
1 Woodside Energy 631.53 Bn 625.59 Bn - -1.81 Bn
2 Canadian Natural Resources 402.73 Bn 402.73 Bn 6.72 Bn 1.53 Bn
3 Conocophillips 145.39 Bn 139.02 Bn 9.48 Bn 1.35 Bn
4 Eog Resources 74.61 Bn 70.76 Bn - 2.81 Bn
5 Occidental Petroleum 57.00 Bn 53.82 Bn 4.87 Bn 1.26 Bn
6 Diamondback Energy 56.03 Bn 62.20 Bn 4.22 Bn 895.00 Mn
7 Vista Energy, S.A.B. de C.V 36.26 Bn 35.65 Bn 472.36 Mn 85.67 Mn
8 Eqt 33.02 Bn 36.36 Bn 2.98 Bn 2.46 Bn
9 Vermilion Energy 32.76 Bn 32.57 Bn 370.10 Mn -98.14 Bn
10 Devon Energy 27.78 Bn 27.78 Bn 3.61 Bn 816.00 Mn

Historic Data

Download Data
DateValue
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 -1.54 Bn
Sep 30, 2025 -1.54 Bn
Jun 30, 2025 -1.38 Bn
Jun 30, 2025 -1.38 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 -975.00 Mn
Dec 31, 2023 -975.00 Mn