Canadian Natural Resources (CNQ) Tax Provisions (2009 - 2026)
Canadian Natural Resources (CNQ) posted Tax Provisions of $404.7 million for Q1 2026, up 3.94% sequentially from $389.4 million in Q4 2025, and up 13.64% YoY from $356.1 million in Q1 2025.
Canadian Natural Resources (CNQ) Tax Provisions (2009 - 2026) Analysis & Trends
Canadian Natural Resources has reported Tax Provisions for 18 years, with the latest figure at $404.7 million in Q1 2026.
- Quarterly Tax Provisions rose 13.64% year-over-year to $404.7 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $1.4 billion (up 19.92% YoY) and the FY2025 annual result came in at $1.4 billion, up 22.31% from the prior year.
- Tax Provisions improved to $404.7 million in Q1 2026 per CNQ's latest filing, from $389.4 million in the prior quarter.
- Over five years, Tax Provisions peaked at $705.1 million in Q2 2022 and troughed at $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.
- The widest YoY moves for Tax Provisions: up 186.31% in 2022, down 83.51% in 2022.
- Over 5 years, Tax Provisions stood at $293.9 million in 2022, then rose by 26.19% to $370.9 million in 2023, then tumbled by 57.35% to $158.2 million in 2024, then soared by 146.13% to $389.4 million in 2025, then rose by 3.94% to $404.7 million in 2026.
- According to Business Quant data, Tax Provisions over the past three periods registered $404.7 million, $389.4 million, and $304.5 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 163.55 Bn | 155.86 Bn | 12.81 Bn | 2.15 Bn |
| 2 | Canadian Natural Resources | 106.27 Bn | 104.37 Bn | 10.66 Bn | 775.70 Mn |
| 3 | Eog Resources | 80.09 Bn | 75.19 Bn | - | 775.00 Mn |
| 4 | Diamondback Energy | 59.30 Bn | 58.83 Bn | 5.55 Bn | 580.00 Mn |
| 5 | Devon Energy | 46.23 Bn | 45.22 Bn | 6.02 Bn | 473.00 Mn |
| 6 | Woodside Energy | 45.77 Bn | 39.83 Bn | 6.02 Bn | - |
| 7 | Occidental Petroleum | 39.39 Bn | 35.24 Bn | 7.73 Bn | 915.00 Mn |
| 8 | Eqt | 33.71 Bn | 33.60 Bn | 1.42 Bn | 84.93 Mn |
| 9 | Texas Pacific Land | 25.43 Bn | 25.18 Bn | - | 39.77 Mn |
| 10 | Expand Energy | 22.90 Bn | 21.63 Bn | 2.33 Bn | 150.00 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 |