Canadian Natural Resources (CNQ) Tax Rate (2009 - 2026)
Canadian Natural Resources (CNQ) reported Tax Rate of 32.08% for Q1 2026, up 1558.0% on a YoY basis from 1.93% in Q1 2025, and up 304.59% sequentially from 7.93% in Q4 2025.
Canadian Natural Resources (CNQ) Tax Rate (2009 - 2026) Analysis & Trends
Canadian Natural Resources (CNQ) has 18 years of Tax Rate data on file, last reported at 32.08% in Q1 2026.
- For the quarter ending Q1 2026, Tax Rate rose 1558.0% year-over-year to 32.08%; the trailing twelve-month figure through Mar 2026 stood at 16.54% (down 31.0% YoY), and the FY2025 full-year result was 14.43%, down 456.0% from the prior year.
- Tax Rate rose to 32.08% in Q1 2026, from 7.93% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 86.04% in Q3 2025 to a low of 7.93% in Q4 2025.
- A 5-year average of 23.66% and a median of 19.84% in 2022 frame the typical range for Tax Rate.
- Across the five-year window, Tax Rate tumbled 3589 bps in 2022 and soared 7219 bps in 2025, its largest moves.
- Tracing CNQ's Tax Rate over 5 years: stood at 30.0% in 2022, then sank by 43 bps to 17.07% in 2023, then declined by 18 bps to 13.93% in 2024, then sank by 43 bps to 7.93% in 2025, then soared by 305 bps to 32.08% in 2026.
- Business Quant data shows CNQ's Tax Rate at 32.08% in Q1 2026, 7.93% in Q4 2025, and 86.04% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 141.43 Bn | 135.06 Bn | 9.48 Bn | 35.09% |
| 2 | Eog Resources | 74.61 Bn | 70.76 Bn | - | 22.50% |
| 3 | Diamondback Energy | 55.39 Bn | 55.39 Bn | 4.22 Bn | 18.18% |
| 4 | Woodside Energy | 41.28 Bn | 35.34 Bn | 2.71 Bn | 57.82% |
| 5 | Occidental Petroleum | 32.80 Bn | 28.99 Bn | 4.87 Bn | 39.49% |
| 6 | Eqt | 32.48 Bn | 32.37 Bn | 1.42 Bn | 23.18% |
| 7 | Texas Pacific Land | 27.36 Bn | 27.11 Bn | - | 22.15% |
| 8 | Devon Energy | 26.53 Bn | 24.72 Bn | 3.61 Bn | -671.43% |
| 9 | Expand Energy | 21.67 Bn | 19.37 Bn | 4.21 Bn | 22.16% |
| 10 | Canadian Natural Resources | 13.17 Bn | 12.58 Bn | 6.72 Bn | 32.08% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 32.08% |
| Mar 31, 2026 | 32.08% |
| Mar 31, 2026 | 32.08% |
| Dec 31, 2025 | 7.93% |
| Dec 31, 2025 | 7.93% |
| Dec 31, 2025 | 7.93% |
| Sep 30, 2025 | 86.04% |
| Sep 30, 2025 | 86.04% |
| Sep 30, 2025 | 86.04% |
| Jun 30, 2025 | 15.59% |
| Jun 30, 2025 | 15.59% |
| Jun 30, 2025 | 15.59% |
| Mar 31, 2025 | 16.50% |
| Mar 31, 2025 | 16.50% |
| Mar 31, 2025 | 16.50% |
| Dec 31, 2024 | 13.93% |
| Dec 31, 2024 | 13.93% |
| Dec 31, 2024 | 13.93% |
| Sep 30, 2024 | 13.85% |
| Sep 30, 2024 | 13.85% |