Canadian Natural Resources (CNQ) Payout Ratio (2009 - 2026)
Canadian Natural Resources' Payout Ratio came in at 0.36 for Q3 2026, down 50.2% from 0.72 a year earlier and down 16.0% from the prior quarter.
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Analysis
Canadian Natural Resources (CNQ) Payout Ratio (2009 - 2026) Analysis & Trends
For FY2025, Canadian Natural Resources' Payout Ratio was 0.45, down 37.9% from FY2024.
- Going back by year, Payout Ratio was 0.73 in FY2024 (+53.5%), 0.47 in FY2023 (+4.9%), 0.45 in FY2022 (+59.1%) and 0.28 in FY2021.
- The Q3 2026 figure represents the lowest quarterly Payout Ratio since Q2 2022.
- Year-over-year, Payout Ratio has declined for four consecutive quarters, with an average decline of 4.2% over the last eight quarters.
- The fastest year-over-year change in Payout Ratio over five years came in Q2 2023 (growth of 197.1%), and the weakest in Q1 2022 (a decline of 85.7%).
- Business Quant data shows CNQ's Payout Ratio at 0.43 (Q2 2026), 0.51 (Q1 2026) and 0.45 (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 696.20 Bn | 661.07 Bn | 47.44 Bn |
| 2 | Shell | 563.81 Bn | 425.16 Bn | - |
| 3 | Chevron | 432.14 Bn | 404.83 Bn | 31.26 Bn |
| 4 | TotalEnergies SE | 200.31 Bn | 75.66 Bn | 31.61 Bn |
| 5 | Eni Spa | 181.16 Bn | 124.34 Bn | - |
| 6 | Conocophillips | 168.32 Bn | 137.35 Bn | 12.63 Bn |
| 7 | Equinor Asa | 107.41 Bn | 20.34 Bn | 4.49 Bn |
| 8 | Canadian Natural Resources | 103.54 Bn | 97.44 Bn | 9.35 Bn |
| 9 | Phillips 66 | 103.32 Bn | 88.28 Bn | 10.69 Bn |
| 10 | Suncor Energy | 83.45 Bn | 69.02 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 0.36 |
| Jun 30, 2026 | 0.43 |
| Mar 31, 2026 | 0.51 |
| Dec 31, 2025 | 0.45 |
| Sep 30, 2025 | 0.72 |
| Jun 30, 2025 | 0.56 |
| Mar 31, 2025 | 0.60 |
| Dec 31, 2024 | 0.73 |
| Sep 30, 2024 | 0.57 |
| Jun 30, 2024 | 0.54 |
| Mar 31, 2024 | 0.54 |
| Dec 31, 2023 | 0.47 |
| Sep 30, 2023 | 0.53 |
| Jun 30, 2023 | 0.70 |
| Mar 31, 2023 | 0.53 |
| Dec 31, 2022 | 0.45 |
| Sep 30, 2022 | 0.39 |
| Jun 30, 2022 | 0.24 |
| Mar 31, 2022 | 0.25 |
| Dec 31, 2021 | 0.28 |
API Access
Canadian Natural Resources Payout Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=payout-ratio&ticker=CNQ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "payout-ratio", "ticker": "CNQ", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=payout-ratio&ticker=CNQ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();