Canadian Natural Resources (CNQ) Operating Expenses (2009 - 2026)

Canadian Natural Resources (CNQ) reported Operating Expenses of $1.0 billion for Q1 2026, up 290.52% on a YoY basis from $265.5 million in Q1 2025, and down 94.03% sequentially from $17.4 billion in Q4 2025.

Canadian Natural Resources (CNQ) Operating Expenses (2009 - 2026) Analysis & Trends

Canadian Natural Resources (CNQ) has 18 years of Operating Expenses data on file, last reported at $1.0 billion in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses rose 290.52% year-over-year to $1.0 billion; the trailing twelve-month figure through Mar 2026 stood at $19.0 billion (up 1185.97% YoY), and the FY2025 full-year result was $18.3 billion, down 9.38% from the prior year.
  • Operating Expenses slipped to $1.0 billion in Q1 2026, from $17.4 billion in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $17.4 billion in Q4 2025 to a low of $22.8 million in Q4 2023.
  • A 5-year average of $1.4 billion and a median of $429.0 million in 2022 frame the typical range for Operating Expenses.
  • Peak annual rise in Operating Expenses reached 3593.9% in 2024, while the deepest fall reached 88.17% in 2024.
  • Tracing CNQ's Operating Expenses over 5 years: stood at $166.5 million in 2022, then sank by 86.32% to $22.8 million in 2023, then soared by 3593.9% to $841.1 million in 2024, then soared by 1965.44% to $17.4 billion in 2025, then sank by 94.03% to $1.0 billion in 2026.
  • Business Quant data shows CNQ's Operating Expenses at $1.0 billion in Q1 2026, $17.4 billion in Q4 2025, and $472.3 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Conocophillips 141.43 Bn 135.06 Bn 9.48 Bn 2.28 Bn
2 Eog Resources 74.61 Bn 70.76 Bn - 4.32 Bn
3 Diamondback Energy 55.39 Bn 55.39 Bn 4.22 Bn 4.12 Bn
4 Woodside Energy 41.28 Bn 35.34 Bn 2.71 Bn -
5 Occidental Petroleum 32.80 Bn 28.99 Bn 4.87 Bn 4.86 Bn
6 Eqt 32.48 Bn 32.37 Bn 1.42 Bn 60.22 Mn
7 Texas Pacific Land 27.36 Bn 27.11 Bn - 54.49 Mn
8 Devon Energy 26.53 Bn 24.72 Bn 3.61 Bn 3.64 Bn
9 Expand Energy 21.67 Bn 19.37 Bn 4.21 Bn 2.87 Bn
10 Canadian Natural Resources 13.17 Bn 12.58 Bn 6.72 Bn 1.04 Bn

Historic Data

Download Data
DateValue
Mar 31, 2026 1.04 Bn
Dec 31, 2025 17.37 Bn
Sep 30, 2025 472.31 Mn
Jun 30, 2025 108.98 Mn
Mar 31, 2025 265.53 Mn
Dec 31, 2024 841.12 Mn
Sep 30, 2024 68.91 Mn
Jun 30, 2024 301.23 Mn
Mar 31, 2024 565.49 Mn
Dec 31, 2023 22.77 Mn
Sep 30, 2023 582.57 Mn
Jun 30, 2023 68.49 Mn
Mar 31, 2023 232.26 Mn
Dec 31, 2022 166.49 Mn
Sep 30, 2022 685.47 Mn
Jun 30, 2022 429.03 Mn
Mar 31, 2022 465.79 Mn
Dec 31, 2021 280.05 Mn
Sep 30, 2021 490.15 Mn
Jun 30, 2021 180.60 Mn