Canadian Natural Resources (CNQ) Tax Rate (2009 - 2026)
Canadian Natural Resources (CNQ) posted Tax Rate of 32.08% for Q1 2026, up 304.59% sequentially from 7.93% in Q4 2025, and up 1558.0% YoY from 1.93% in Q1 2025.
Canadian Natural Resources (CNQ) Tax Rate (2009 - 2026) Analysis & Trends
Canadian Natural Resources has reported Tax Rate for 18 years, with the latest figure at 32.08% in Q1 2026.
- Quarterly Tax Rate rose 1558.0% year-over-year to 32.08% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 16.54% (down 31.0% YoY) and the FY2025 annual result came in at 14.43%, down 456.0% from the prior year.
- Tax Rate rose to 32.08% in Q1 2026 per CNQ's latest filing, from 7.93% in the prior quarter.
- Over five years, Tax Rate peaked at 86.04% in Q3 2025 and troughed at 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.
- The sharpest annual moves came in 2022 and 2025: Tax Rate sank 3589 bps in 2022, then surged 7219 bps in 2025.
- Over 5 years, Tax Rate stood at 30.0% in 2022, then plunged by 43 bps to 17.07% in 2023, then decreased by 18 bps to 13.93% in 2024, then plunged by 43 bps to 7.93% in 2025, then soared by 305 bps to 32.08% in 2026.
- According to Business Quant data, Tax Rate over the past three periods registered 32.08%, 7.93%, and 86.04% for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 164.44 Bn | 156.75 Bn | 12.81 Bn | 35.37% |
| 2 | Canadian Natural Resources | 106.98 Bn | 105.09 Bn | 10.66 Bn | 18.22% |
| 3 | Eog Resources | 80.47 Bn | 75.56 Bn | - | 22.15% |
| 4 | Diamondback Energy | 59.28 Bn | 58.82 Bn | 5.55 Bn | 22.01% |
| 5 | Woodside Energy | 46.13 Bn | 40.18 Bn | 6.02 Bn | - |
| 6 | Devon Energy | 46.12 Bn | 45.11 Bn | 6.02 Bn | 22.36% |
| 7 | Occidental Petroleum | 39.25 Bn | 35.10 Bn | 7.73 Bn | 23.37% |
| 8 | Eqt | 33.67 Bn | 33.56 Bn | 1.42 Bn | 23.18% |
| 9 | Texas Pacific Land | 26.50 Bn | 26.25 Bn | - | 20.53% |
| 10 | Expand Energy | 22.89 Bn | 21.63 Bn | 2.33 Bn | 22.32% |
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% |