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

Canadian Natural Resources' (CNQ) quarterly Operating Income came in at $5.7 billion in Q1 2026, down 7.17% year-on-year from $6.1 billion in Q1 2025, and up 154.22% quarter-over-quarter from -$10.5 billion in Q4 2025.

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

Canadian Natural Resources has disclosed Operating Income across 18 years of filings, most recently posting $5.7 billion for Q1 2026.

  • Operating Income for Q1 2026 came in at $5.7 billion, down 7.17% year-over-year; the trailing twelve-month figure through Mar 2026 was $6.0 billion (down 72.1% YoY), and the FY2025 annual result was $5.6 billion, down 4.72% from the prior year.
  • Operating Income came in at $5.7 billion for Q1 2026 at Canadian Natural Resources, up from -$10.5 billion in the prior quarter.
  • In the past five years, Operating Income ranged from a high of $8.6 billion in Q2 2022 to a low of -$10.5 billion in Q4 2025.
  • The 5-year median for Operating Income is $5.5 billion (2025), against an average of $4.9 billion.
  • Across the five-year window, Operating Income jumped 67.16% in 2022 and plunged 318.65% in 2025, its largest moves.
  • Canadian Natural Resources' Operating Income stood at $6.0 billion in 2022, then increased by 2.84% to $6.2 billion in 2023, then fell by 22.27% to $4.8 billion in 2024, then sank by 318.65% to -$10.5 billion in 2025, then jumped by 154.22% to $5.7 billion in 2026.
  • The last three Operating Income figures came in at $5.7 billion (Q1 2026), -$10.5 billion (Q4 2025), and $5.3 billion (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Op. Inc (Qtr)
1 Woodside Energy 630.08 Bn 624.14 Bn - -
2 Canadian Natural Resources 388.31 Bn 388.31 Bn 6.72 Bn 5.68 Bn
3 Conocophillips 142.98 Bn 136.61 Bn 9.48 Bn 7.20 Bn
4 Eog Resources 72.93 Bn 69.08 Bn - 2.60 Bn
5 Occidental Petroleum 55.91 Bn 52.73 Bn 4.87 Bn 3.76 Bn
6 Diamondback Energy 54.95 Bn 61.11 Bn 4.22 Bn 116.00 Mn
7 Vista Energy, S.A.B. de C.V 35.18 Bn 34.56 Bn 472.36 Mn 215.59 Mn
8 Eqt 32.94 Bn 36.28 Bn 2.98 Bn 2.04 Bn
9 Vermilion Energy 31.24 Bn 31.05 Bn 370.10 Mn 266.77 Mn
10 Devon Energy 27.08 Bn 27.08 Bn 3.61 Bn -27.00 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 5.68 Bn
Dec 31, 2025 -10.48 Bn
Sep 30, 2025 5.31 Bn
Jun 30, 2025 5.46 Bn
Mar 31, 2025 6.12 Bn
Dec 31, 2024 4.79 Bn
Sep 30, 2024 5.34 Bn
Jun 30, 2024 5.17 Bn
Mar 31, 2024 4.68 Bn
Dec 31, 2023 6.17 Bn
Sep 30, 2023 5.41 Bn
Jun 30, 2023 5.09 Bn
Mar 31, 2023 6.15 Bn
Dec 31, 2022 6.00 Bn
Sep 30, 2022 7.33 Bn
Jun 30, 2022 8.57 Bn
Mar 31, 2022 6.81 Bn
Dec 31, 2021 6.25 Bn
Sep 30, 2021 4.99 Bn
Jun 30, 2021 5.13 Bn