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| Date | Value |
|---|---|
| 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 |