Canadian Natural Resources (CNQ) Net Margin (2009 - 2026)
Canadian Natural Resources (CNQ) reported Net Margin of 10.87% for Q1 2026, down 1277.0% on a YoY basis from 0.92% in Q1 2025, and down 83.43% sequentially from 65.62% in Q4 2025.
Canadian Natural Resources (CNQ) Net Margin (2009 - 2026) Analysis & Trends
Canadian Natural Resources (CNQ) has 18 years of Net Margin data on file, last reported at 10.87% in Q1 2026.
- For the quarter ending Q1 2026, Net Margin fell 1277.0% year-over-year to 10.87%; the trailing twelve-month figure through Mar 2026 stood at 25.53% (up 438.0% YoY), and the FY2025 full-year result was 25.65%, up 993.0% from the prior year.
- Net Margin retreated to 10.87% in Q1 2026, from 65.62% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 65.62% in Q4 2025 to a low of 0.71% in Q3 2025.
- A 5-year average of 23.09% and a median of 23.64% in 2025 frame the typical range for Net Margin.
- Peak annual rise in Net Margin reached 5120 bps in 2025, while the deepest fall reached 2650 bps in 2025.
- Tracing CNQ's Net Margin over 5 years: stood at 9.61% in 2022, then jumped by 167 bps to 25.68% in 2023, then slumped by 44 bps to 14.42% in 2024, then soared by 355 bps to 65.62% in 2025, then sank by 83 bps to 10.87% in 2026.
- Business Quant data shows CNQ's Net Margin at 10.87% in Q1 2026, 65.62% in Q4 2025, and 0.71% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 141.43 Bn | 135.06 Bn | 9.48 Bn | 13.85% |
| 2 | Eog Resources | 74.61 Bn | 70.76 Bn | - | 28.61% |
| 3 | Diamondback Energy | 55.39 Bn | 55.39 Bn | 4.22 Bn | 3.40% |
| 4 | Woodside Energy | 41.28 Bn | 35.34 Bn | 2.71 Bn | 26.39% |
| 5 | Occidental Petroleum | 32.80 Bn | 28.99 Bn | 4.87 Bn | 60.71% |
| 6 | Eqt | 32.48 Bn | 32.37 Bn | 1.42 Bn | 15.55% |
| 7 | Texas Pacific Land | 27.36 Bn | 27.11 Bn | - | 60.34% |
| 8 | Devon Energy | 26.53 Bn | 24.72 Bn | 3.61 Bn | 4.79% |
| 9 | Expand Energy | 21.67 Bn | 19.37 Bn | 4.21 Bn | 26.36% |
| 10 | Canadian Natural Resources | 13.17 Bn | 12.58 Bn | 6.72 Bn | 10.87% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 10.87% |
| Dec 31, 2025 | 65.62% |
| Sep 30, 2025 | 0.71% |
| Jun 30, 2025 | 27.26% |
| Mar 31, 2025 | 23.64% |
| Dec 31, 2024 | 14.42% |
| Sep 30, 2024 | 27.21% |
| Jun 30, 2024 | 19.18% |
| Mar 31, 2024 | 12.21% |
| Dec 31, 2023 | 25.68% |
| Sep 30, 2023 | 25.72% |
| Jun 30, 2023 | 18.49% |
| Mar 31, 2023 | 21.19% |
| Dec 31, 2022 | 9.61% |
| Sep 30, 2022 | 28.77% |
| Jun 30, 2022 | 31.66% |
| Mar 31, 2022 | 30.21% |
| Dec 31, 2021 | 12.62% |
| Sep 30, 2021 | 29.28% |
| Jun 30, 2021 | 25.75% |