Canadian Natural Resources (CNQ) Payout Ratio (2009 - 2026)
Canadian Natural Resources' (CNQ) quarterly Payout Ratio came in at 0.27 in Q2 2026, up 47.92% year-over-year from 0.18 in Q2 2025, and up 74.0% quarter-over-quarter from 1.04 in Q1 2026.
Analysis
Canadian Natural Resources (CNQ) Payout Ratio (2009 - 2026) Analysis & Trends
Canadian Natural Resources has disclosed Payout Ratio across 18 years of filings, most recently posting 0.27 for Q2 2026.
- In Q2 2026, Payout Ratio rose 47.92% year-over-year to 0.27; the TTM figure through Jun 2026 stood at 0.4 (up 23.82% YoY), while the FY2025 annual figure was 0.43, up 36.63% from the prior year.
- Payout Ratio came in at 0.27 for Q2 2026 at Canadian Natural Resources, up from 1.04 in the prior quarter.
- In the past five years, Payout Ratio ranged from a high of 0.19 in Q4 2025 to a low of 867.95 in Q1 2024.
- Average Payout Ratio over 5 years is 160.82, with a median of 0.94 recorded in 2026.
- Year-over-year, Payout Ratio sank 221456.22% in 2022 and soared 99.95% in 2025.
- Over 5 years, Payout Ratio stood at 448.47 in 2022, then jumped by 33.95% to 296.23 in 2023, then jumped by 99.73% to 0.81 in 2024, then soared by 76.09% to 0.19 in 2025, then tumbled by 39.28% to 0.27 in 2026.
- Per Business Quant data, the three most recent Payout Ratio figures were 0.27 in Q2 2026, 1.04 in Q1 2026, and 0.19 in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Conocophillips | 161.33 Bn | 153.64 Bn | 12.81 Bn |
| 2 | Canadian Natural Resources | 104.99 Bn | 103.10 Bn | 8.84 Bn |
| 3 | Eog Resources | 76.13 Bn | 71.22 Bn | - |
| 4 | Diamondback Energy | 55.89 Bn | 61.52 Bn | 5.55 Bn |
| 5 | Devon Energy | 52.87 Bn | 51.86 Bn | 6.02 Bn |
| 6 | Expand Energy | 22.67 Bn | 21.40 Bn | 2.33 Bn |
| 7 | Permian Resources | 19.56 Bn | 19.30 Bn | - |
| 8 | Ovintiv | 17.91 Bn | 17.03 Bn | 2.83 Bn |
| 9 | Apa | 14.98 Bn | 15.46 Bn | 2.28 Bn |
| 10 | Antero Resources | 12.17 Bn | 11.60 Bn | 1.56 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -0.27 |
| Mar 31, 2026 | -1.04 |
| Dec 31, 2025 | -0.19 |
| Sep 30, 2025 | -18.06 |
| Jun 30, 2025 | -0.52 |
| Mar 31, 2025 | -0.46 |
| Dec 31, 2024 | -0.81 |
| Sep 30, 2024 | -0.46 |
| Jun 30, 2024 | -0.65 |
| Mar 31, 2024 | -867.95 |
| Dec 31, 2023 | -296.23 |
| Sep 30, 2023 | -341.39 |
| Jun 30, 2023 | -0.68 |
| Mar 31, 2023 | -425.67 |
| Dec 31, 2022 | -448.47 |
| Sep 30, 2022 | -0.84 |
| Jun 30, 2022 | -286.51 |
| Mar 31, 2022 | -204.49 |
| Dec 31, 2021 | -0.20 |
| Sep 30, 2021 | -0.25 |