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

Canadian Natural Resources' (CNQ) quarterly Net Cash Flow came in at -$2.3 billion in Q1 2026, up 22.75% year-on-year from -$1.9 billion in Q1 2025, and down 301.6% quarter-over-quarter from -$579.4 million in Q4 2025.

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

Canadian Natural Resources has disclosed Net Cash Flow across 17 years of filings, most recently posting -$2.3 billion for Q1 2026.

  • Net Cash Flow for Q1 2026 came in at -$2.3 billion, up 22.75% year-over-year; the trailing twelve-month figure through Mar 2026 was -$2.0 billion (up 82.42% YoY), and the FY2025 annual result was $387.9 million, up 171.19% from the prior year.
  • Net Cash Flow came in at -$2.3 billion for Q1 2026 at Canadian Natural Resources, down from -$579.4 million in the prior quarter.
  • In the past five years, Net Cash Flow ranged from a high of $560.8 million in Q2 2025 to a low of -$4.5 billion in Q2 2022.
  • The 5-year median for Net Cash Flow is -$2.3 billion (2026), against an average of -$2.1 billion.
  • Across the five-year window, Net Cash Flow sank 114.29% in 2024 and surged 119.49% in 2025, its largest moves.
  • Canadian Natural Resources' Net Cash Flow stood at -$894.3 million in 2022, then plunged by 50.23% to -$1.3 billion in 2023, then tumbled by 114.29% to -$2.9 billion in 2024, then jumped by 79.88% to -$579.4 million in 2025, then plunged by 301.6% to -$2.3 billion in 2026.
  • The last three Net Cash Flow figures came in at -$2.3 billion (Q1 2026), -$579.4 million (Q4 2025), and $391.7 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Net Cash Flow (Qtr)
1 Woodside Energy 630.08 Bn 624.14 Bn - -
2 Canadian Natural Resources 388.31 Bn 388.31 Bn 6.72 Bn -2.33 Bn
3 Conocophillips 142.98 Bn 136.61 Bn 9.48 Bn -699.00 Mn
4 Eog Resources 72.93 Bn 69.08 Bn - 453.00 Mn
5 Occidental Petroleum 55.91 Bn 52.73 Bn 4.87 Bn 1.80 Bn
6 Diamondback Energy 54.95 Bn 61.11 Bn 4.22 Bn 70.00 Mn
7 Vista Energy, S.A.B. de C.V 35.18 Bn 34.56 Bn 472.36 Mn 85.67 Mn
8 Eqt 32.94 Bn 36.28 Bn 2.98 Bn 215.77 Mn
9 Vermilion Energy 31.24 Bn 31.05 Bn 370.10 Mn -167.86 Mn
10 Devon Energy 27.08 Bn 27.08 Bn 3.61 Bn 381.00 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -2.33 Bn
Mar 31, 2026 -2.33 Bn
Dec 31, 2025 -579.41 Mn
Dec 31, 2025 -579.41 Mn
Sep 30, 2025 391.66 Mn
Sep 30, 2025 391.66 Mn
Jun 30, 2025 560.77 Mn
Jun 30, 2025 560.77 Mn
Mar 31, 2025 -3.01 Bn
Mar 31, 2025 -3.01 Bn
Dec 31, 2024 -2.88 Bn
Dec 31, 2024 -2.88 Bn
Sep 30, 2024 -2.34 Bn
Sep 30, 2024 -2.34 Bn
Jun 30, 2024 -2.88 Bn
Jun 30, 2024 -2.88 Bn
Mar 31, 2024 -2.21 Bn
Mar 31, 2024 -2.21 Bn
Dec 31, 2023 -1.34 Bn
Dec 31, 2023 -1.34 Bn