Canadian Natural Resources (CNQ) Free Cash Flow (2009 - 2026)
Canadian Natural Resources' (CNQ) quarterly Free Cash Flow came in at $6.7 billion in Q2 2026, up 85.18% year-over-year from $3.6 billion in Q2 2025, and up 69.78% quarter-over-quarter from $3.9 billion in Q1 2026.
Analysis
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 $6.7 billion for Q2 2026.
- In Q2 2026, Free Cash Flow rose 85.18% year-over-year to $6.7 billion; the TTM figure through Jun 2026 stood at $18.7 billion (up 62.36% YoY), while the FY2025 annual figure was $15.6 billion, up 16.6% from the prior year.
- Free Cash Flow came in at $6.7 billion for Q2 2026 at Canadian Natural Resources, up from $3.9 billion in the prior quarter.
- In the past five years, Free Cash Flow ranged from a high of $6.7 billion in Q2 2026 to a low of -$299.1 million in Q1 2023.
- Average Free Cash Flow over 5 years is $2.8 billion, with a median of $2.9 billion recorded in 2023.
- Year-over-year, Free Cash Flow tumbled 121.39% in 2023 and soared 573.31% in 2025.
- Over 5 years, Free Cash Flow stood at $2.1 billion in 2022, then climbed by 14.1% to $2.4 billion in 2023, then surged by 39.83% to $3.4 billion in 2024, then increased by 10.99% to $3.7 billion in 2025, then soared by 77.67% to $6.7 billion in 2026.
- Per Business Quant data, the three most recent Free Cash Flow figures were $6.7 billion in Q2 2026, $3.9 billion in Q1 2026, and $3.7 billion in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 165.25 Bn | 157.56 Bn | 12.81 Bn | 4.41 Bn |
| 2 | Canadian Natural Resources | 105.04 Bn | 103.15 Bn | 8.84 Bn | 6.65 Bn |
| 3 | Eog Resources | 77.79 Bn | 72.88 Bn | - | 3.03 Bn |
| 4 | Diamondback Energy | 57.62 Bn | 57.16 Bn | 5.55 Bn | 2.59 Bn |
| 5 | Devon Energy | 46.50 Bn | 45.49 Bn | 6.02 Bn | 2.36 Bn |
| 6 | Expand Energy | 22.24 Bn | 20.97 Bn | 2.33 Bn | 343.00 Mn |
| 7 | Permian Resources | 19.88 Bn | 19.62 Bn | - | 984.25 Mn |
| 8 | Ovintiv | 18.21 Bn | 17.33 Bn | 2.83 Bn | 1.06 Bn |
| 9 | Apa | 15.83 Bn | 15.39 Bn | 2.28 Bn | 1.14 Bn |
| 10 | Antero Resources | 11.76 Bn | 11.19 Bn | 1.56 Bn | 131.03 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 6.65 Bn |
| Mar 31, 2026 | 3.92 Bn |
| Dec 31, 2025 | 3.74 Bn |
| Sep 30, 2025 | 4.36 Bn |
| Jun 30, 2025 | 3.59 Bn |
| Mar 31, 2025 | 3.89 Bn |
| Dec 31, 2024 | 3.37 Bn |
| Sep 30, 2024 | 647.63 Mn |
| Jun 30, 2024 | 1.24 Bn |
| Mar 31, 2024 | 853.38 Mn |
| Dec 31, 2023 | 2.41 Bn |
| Sep 30, 2023 | 1.38 Bn |
| Jun 30, 2023 | 374.52 Mn |
| Mar 31, 2023 | -299.09 Mn |
| Dec 31, 2022 | 2.11 Bn |
| Sep 30, 2022 | 5.54 Bn |
| Jun 30, 2022 | 5.71 Bn |
| Mar 31, 2022 | 1.40 Bn |
| Dec 31, 2021 | 4.97 Bn |
| Sep 30, 2021 | 4.17 Bn |