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| 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 | -1.54 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 |