Canadian Natural Resources (CNQ) Invested Capital (2009 - 2026)
Canadian Natural Resources (CNQ) posted Invested Capital of $321.6 million for Q1 2026, down 97.3% sequentially from $11.9 billion in Q4 2025, and down 67.71% YoY from $995.9 million in Q1 2025.
Canadian Natural Resources (CNQ) Invested Capital (2009 - 2026) Analysis & Trends
Canadian Natural Resources has reported Invested Capital for 18 years, with the latest figure at $321.6 million in Q1 2026.
- Quarterly Invested Capital fell 67.71% year-over-year to $321.6 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $13.8 billion (down 14.92% YoY) and the FY2025 annual result came in at $11.9 billion, down 13.48% from the prior year.
- Invested Capital eased to $321.6 million in Q1 2026 per CNQ's latest filing, from $11.9 billion in the prior quarter.
- Over five years, Invested Capital peaked at $13.5 billion in Q4 2024 and troughed at $321.6 million in Q1 2026.
- A 5-year average of $3.3 billion and a median of $1.2 billion in 2024 frame the typical range for Invested Capital.
- The sharpest annual moves came in 2024 and 2026: Invested Capital soared 82.95% in 2024, then tumbled 67.71% in 2026.
- Over 5 years, Invested Capital stood at $8.4 billion in 2022, then declined by 5.92% to $7.9 billion in 2023, then jumped by 69.83% to $13.5 billion in 2024, then decreased by 11.55% to $11.9 billion in 2025, then tumbled by 97.3% to $321.6 million in 2026.
- According to Business Quant data, Invested Capital over the past three periods registered $321.6 million, $11.9 billion, and $602.4 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 164.44 Bn | 156.75 Bn | 12.81 Bn | 462.00 Mn |
| 2 | Canadian Natural Resources | 106.98 Bn | 105.09 Bn | 10.66 Bn | 1.60 Bn |
| 3 | Eog Resources | 80.47 Bn | 75.56 Bn | - | 27.00 Mn |
| 4 | Diamondback Energy | 59.28 Bn | 58.82 Bn | 5.55 Bn | 1.55 Bn |
| 5 | Woodside Energy | 46.13 Bn | 40.18 Bn | 6.02 Bn | 1.50 Bn |
| 6 | Devon Energy | 46.12 Bn | 45.11 Bn | 6.02 Bn | 1.50 Bn |
| 7 | Occidental Petroleum | 39.25 Bn | 35.10 Bn | 7.73 Bn | 203.00 Mn |
| 8 | Eqt | 33.67 Bn | 33.56 Bn | 1.42 Bn | 114.96 Mn |
| 9 | Texas Pacific Land | 26.50 Bn | 26.25 Bn | - | - |
| 10 | Expand Energy | 22.89 Bn | 21.63 Bn | 2.33 Bn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 321.58 Mn |
| Dec 31, 2025 | 11.92 Bn |
| Sep 30, 2025 | 602.38 Mn |
| Jun 30, 2025 | 988.75 Mn |
| Mar 31, 2025 | 995.89 Mn |
| Dec 31, 2024 | 13.47 Bn |
| Sep 30, 2024 | 1.19 Bn |
| Jun 30, 2024 | 599.54 Mn |
| Mar 31, 2024 | 1.34 Bn |
| Dec 31, 2023 | 7.93 Bn |
| Sep 30, 2023 | 1.20 Bn |
| Jun 30, 2023 | 1.73 Bn |
| Mar 31, 2023 | 733.78 Mn |
| Dec 31, 2022 | 8.43 Bn |
| Sep 30, 2022 | 1.05 Bn |
| Jun 30, 2022 | 1.01 Bn |
| Mar 31, 2022 | 2.16 Bn |
| Dec 31, 2021 | 11.66 Bn |
| Sep 30, 2021 | 794.41 Mn |
| Jun 30, 2021 | 1.87 Bn |