Canadian Natural Resources (CNQ) Tax Provisions (2009 - 2026)
Canadian Natural Resources (CNQ) reported Tax Provisions of $404.7 million for Q1 2026, up 13.64% on a YoY basis from $356.1 million in Q1 2025, and up 3.94% sequentially from $389.4 million in Q4 2025.
Canadian Natural Resources (CNQ) Tax Provisions (2009 - 2026) Analysis & Trends
Canadian Natural Resources (CNQ) has 18 years of Tax Provisions data on file, last reported at $404.7 million in Q1 2026.
- For the quarter ending Q1 2026, Tax Provisions rose 13.64% year-over-year to $404.7 million; the trailing twelve-month figure through Mar 2026 stood at $1.4 billion (up 19.92% YoY), and the FY2025 full-year result was $1.4 billion, up 22.31% from the prior year.
- Tax Provisions improved to $404.7 million in Q1 2026, from $389.4 million in the prior quarter.
- In the past five years, Tax Provisions ranged from a high of $705.1 million in Q2 2022 to a low of $158.2 million in Q4 2024.
- A 5-year average of $384.5 million and a median of $356.1 million in 2025 frame the typical range for Tax Provisions.
- Peak annual rise in Tax Provisions reached 186.31% in 2022, while the deepest fall reached 83.51% in 2022.
- Tracing CNQ's Tax Provisions over 5 years: stood at $293.9 million in 2022, then climbed by 26.19% to $370.9 million in 2023, then plunged by 57.35% to $158.2 million in 2024, then soared by 146.13% to $389.4 million in 2025, then climbed by 3.94% to $404.7 million in 2026.
- Business Quant data shows CNQ's Tax Provisions at $404.7 million in Q1 2026, $389.4 million in Q4 2025, and $304.5 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 141.43 Bn | 135.06 Bn | 9.48 Bn | 1.18 Bn |
| 2 | Eog Resources | 74.61 Bn | 70.76 Bn | - | 575.00 Mn |
| 3 | Diamondback Energy | 55.39 Bn | 55.39 Bn | 4.22 Bn | 32.00 Mn |
| 4 | Woodside Energy | 41.28 Bn | 35.34 Bn | 2.71 Bn | 1.10 Bn |
| 5 | Occidental Petroleum | 32.80 Bn | 28.99 Bn | 4.87 Bn | 154.00 Mn |
| 6 | Eqt | 32.48 Bn | 32.37 Bn | 1.42 Bn | 84.93 Mn |
| 7 | Texas Pacific Land | 27.36 Bn | 27.11 Bn | - | 40.66 Mn |
| 8 | Devon Energy | 26.53 Bn | 24.72 Bn | 3.61 Bn | -188.00 Mn |
| 9 | Expand Energy | 21.67 Bn | 19.37 Bn | 4.21 Bn | 330.00 Mn |
| 10 | Canadian Natural Resources | 13.17 Bn | 12.58 Bn | 6.72 Bn | 404.71 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 | 1.78 Bn |
| Sep 30, 2021 | 437.72 Mn |
| Jun 30, 2021 | 257.89 Mn |