Canadian Natural Resources (CNQ) Inventory Average (2010 - 2026)
Canadian Natural Resources (CNQ) posted Inventory Average of $2.0 billion for Q1 2026, up 3.03% sequentially from $1.9 billion in Q4 2025, and up 3.46% YoY from $1.9 billion in Q1 2025.
Canadian Natural Resources (CNQ) Inventory Average (2010 - 2026) Analysis & Trends
Canadian Natural Resources has reported Inventory Average for 17 years, with the latest figure at $2.0 billion in Q1 2026.
- Quarterly Inventory Average rose 3.46% year-over-year to $2.0 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $2.0 billion (up 3.46% YoY) and the FY2025 annual result came in at $2.0 billion, up 10.38% from the prior year.
- Inventory Average grew to $2.0 billion in Q1 2026 per CNQ's latest filing, from $1.9 billion in the prior quarter.
- Over five years, Inventory Average peaked at $2.0 billion in Q1 2026 and troughed at $1.3 billion in Q1 2022.
- A 5-year average of $1.7 billion and a median of $1.6 billion in 2024 frame the typical range for Inventory Average.
- The sharpest annual moves came in 2022 and 2025: Inventory Average soared 53.88% in 2022, then gained 0.95% in 2025.
- Over 5 years, Inventory Average stood at $1.4 billion in 2022, then increased by 13.51% to $1.6 billion in 2023, then rose by 23.72% to $1.9 billion in 2024, then advanced by 0.95% to $1.9 billion in 2025, then increased by 3.03% to $2.0 billion in 2026.
- According to Business Quant data, Inventory Average over the past three periods registered $2.0 billion, $1.9 billion, and $2.0 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Inventory Avg. (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 163.55 Bn | 155.86 Bn | 12.81 Bn | 1.89 Bn |
| 2 | Canadian Natural Resources | 106.27 Bn | 104.37 Bn | 10.66 Bn | 2.07 Bn |
| 3 | Eog Resources | 80.09 Bn | 75.19 Bn | - | 942.50 Mn |
| 4 | Diamondback Energy | 59.30 Bn | 58.83 Bn | 5.55 Bn | 73.00 Mn |
| 5 | Devon Energy | 46.23 Bn | 45.22 Bn | 6.02 Bn | 337.50 Mn |
| 6 | Woodside Energy | 45.77 Bn | 39.83 Bn | 6.02 Bn | 702.00 Mn |
| 7 | Occidental Petroleum | 39.39 Bn | 35.24 Bn | 7.73 Bn | 2.02 Bn |
| 8 | Eqt | 33.71 Bn | 33.60 Bn | 1.42 Bn | - |
| 9 | Texas Pacific Land | 25.43 Bn | 25.18 Bn | - | - |
| 10 | Expand Energy | 22.90 Bn | 21.63 Bn | 2.33 Bn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 2.00 Bn |
| Dec 31, 2025 | 1.95 Bn |
| Sep 30, 2025 | 1.97 Bn |
| Jun 30, 2025 | 1.90 Bn |
| Mar 31, 2025 | 1.94 Bn |
| Dec 31, 2024 | 1.93 Bn |
| Sep 30, 2024 | 1.84 Bn |
| Jun 30, 2024 | 1.76 Bn |
| Mar 31, 2024 | 1.60 Bn |
| Dec 31, 2023 | 1.56 Bn |
| Sep 30, 2023 | 1.54 Bn |
| Jun 30, 2023 | 1.44 Bn |
| Mar 31, 2023 | 1.38 Bn |
| Dec 31, 2022 | 1.37 Bn |
| Sep 30, 2022 | 1.46 Bn |
| Jun 30, 2022 | 1.42 Bn |
| Mar 31, 2022 | 1.28 Bn |
| Dec 31, 2021 | 1.10 Bn |
| Sep 30, 2021 | 984.36 Mn |
| Jun 30, 2021 | 923.62 Mn |