Canadian Natural Resources (CNQ) Tax Provisions (2009 - 2026)
Canadian Natural Resources' (CNQ) quarterly Tax Provisions came in at $775.7 million in Q2 2026, up 145.39% year-over-year from $316.1 million in Q2 2025, and up 91.67% quarter-over-quarter from $404.7 million in Q1 2026.
Analysis
Canadian Natural Resources (CNQ) Tax Provisions (2009 - 2026) Analysis & Trends
Canadian Natural Resources has disclosed Tax Provisions across 18 years of filings, most recently posting $775.7 million for Q2 2026.
- In Q2 2026, Tax Provisions rose 145.39% year-over-year to $775.7 million; the TTM figure through Jun 2026 stood at $1.9 billion (up 68.0% YoY), while the FY2025 annual figure was $1.4 billion, up 24.8% from the prior year.
- Tax Provisions came in at $775.7 million for Q2 2026 at Canadian Natural Resources, up from $404.7 million in the prior quarter.
- In the past five years, Tax Provisions ranged from a high of $775.7 million in Q2 2026 to a low of $158.2 million in Q4 2024.
- Average Tax Provisions over 5 years is $406.2 million, with a median of $363.5 million recorded in 2025.
- Year-over-year, Tax Provisions jumped 186.31% in 2022 and sank 66.95% in 2023.
- Over 5 years, Tax Provisions stood at $293.9 million in 2022, then grew by 26.19% to $370.9 million in 2023, then sank by 57.35% to $158.2 million in 2024, then jumped by 146.13% to $389.4 million in 2025, then surged by 99.21% to $775.7 million in 2026.
- Per Business Quant data, the three most recent Tax Provisions figures were $775.7 million in Q2 2026, $404.7 million in Q1 2026, and $389.4 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 166.07 Bn | 158.38 Bn | 12.81 Bn | 2.15 Bn |
| 2 | Canadian Natural Resources | 107.37 Bn | 105.48 Bn | 8.84 Bn | 775.70 Mn |
| 3 | Eog Resources | 77.26 Bn | 72.36 Bn | - | 775.00 Mn |
| 4 | Diamondback Energy | 56.93 Bn | 56.47 Bn | 5.55 Bn | 580.00 Mn |
| 5 | Devon Energy | 45.90 Bn | 44.89 Bn | 6.02 Bn | 473.00 Mn |
| 6 | Expand Energy | 23.03 Bn | 21.76 Bn | 2.33 Bn | 150.00 Mn |
| 7 | Permian Resources | 19.81 Bn | 19.55 Bn | - | 223.39 Mn |
| 8 | Ovintiv | 18.04 Bn | 17.15 Bn | 2.83 Bn | 83.00 Mn |
| 9 | Apa | 15.80 Bn | 15.36 Bn | 2.28 Bn | 234.00 Mn |
| 10 | Antero Resources | 12.13 Bn | 11.56 Bn | 1.56 Bn | 79.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 775.70 Mn |
| Mar 31, 2026 | 404.71 Mn |
| Dec 31, 2025 | 389.38 Mn |
| Sep 30, 2025 | 304.46 Mn |
| Jun 30, 2025 | 316.11 Mn |
| Mar 31, 2025 | 356.12 Mn |
| Dec 31, 2024 | 158.20 Mn |
| Sep 30, 2024 | 285.16 Mn |
| Jun 30, 2024 | 380.19 Mn |
| Mar 31, 2024 | 297.59 Mn |
| Dec 31, 2023 | 370.94 Mn |
| Sep 30, 2023 | 449.05 Mn |
| Jun 30, 2023 | 233.01 Mn |
| Mar 31, 2023 | 339.52 Mn |
| Dec 31, 2022 | 293.94 Mn |
| Sep 30, 2022 | 580.43 Mn |
| Jun 30, 2022 | 705.12 Mn |
| Mar 31, 2022 | 671.84 Mn |
| Dec 31, 2021 | 541.85 Mn |
| Sep 30, 2021 | 437.72 Mn |