Canadian Natural Resources CNQ
NYSE CNQ
$50.79 -0.56 (-1.09%)
As of: Sep 10, 2026 · 3:59 PM EDT

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

Canadian Natural Resources' (CNQ) quarterly Operating Expenses came in at $114.9 million in Q2 2026, up 5.47% year-over-year from $109.0 million in Q2 2025, and down 88.91% quarter-over-quarter from $1.0 billion in Q1 2026.

Analysis

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

Canadian Natural Resources has disclosed Operating Expenses across 18 years of filings, most recently posting $114.9 million for Q2 2026.

  • In Q2 2026, Operating Expenses rose 5.47% year-over-year to $114.9 million; the TTM figure through Jun 2026 stood at $19.0 billion (up 1378.91% YoY), while the FY2025 annual figure was $18.3 billion, down 7.54% from the prior year.
  • Operating Expenses came in at $114.9 million for Q2 2026 at Canadian Natural Resources, down from $1.0 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.
  • Average Operating Expenses over 5 years is $1.3 billion, with a median of $365.1 million recorded in 2022.
  • The largest YoY upside for Operating Expenses was 3593.9% in 2024 against a maximum downside of 88.17% in 2024.
  • Over 5 years, Operating Expenses stood at $166.5 million in 2022, then slumped by 86.32% to $22.8 million in 2023, then jumped by 3593.9% to $841.1 million in 2024, then jumped by 1965.44% to $17.4 billion in 2025, then slumped by 99.34% to $114.9 million in 2026.
  • Per Business Quant data, the three most recent Operating Expenses figures were $114.9 million in Q2 2026, $1.0 billion in Q1 2026, and $17.4 billion in Q4 2025.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Conocophillips 166.37 Bn 158.68 Bn 12.81 Bn 2.43 Bn
2 Canadian Natural Resources 106.24 Bn 104.35 Bn 8.84 Bn 114.95 Mn
3 Eog Resources 77.64 Bn 72.73 Bn - 5.09 Bn
4 Diamondback Energy 57.73 Bn 57.26 Bn 5.55 Bn 3.05 Bn
5 Devon Energy 46.75 Bn 45.74 Bn 6.02 Bn 5.03 Bn
6 Expand Energy 23.07 Bn 21.81 Bn 2.33 Bn 2.30 Bn
7 Permian Resources 19.87 Bn 19.61 Bn - 929.86 Mn
8 Ovintiv 17.94 Bn 17.05 Bn 2.83 Bn 2.02 Bn
9 Apa 15.73 Bn 15.28 Bn 2.28 Bn 1.12 Bn
10 Antero Resources 12.12 Bn 11.55 Bn 1.56 Bn 1.18 Bn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 114.95 Mn
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