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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |