CNQ
Canadian Natural Resources Ltd
NYSE: CNQ · ENERGY · OIL & GAS E&P
$47.70
+1.04% today
Updated 2026-04-30
Market cap
$99.52B
P/E ratio
12.65
P/S ratio
2.57x
EPS (TTM)
$3.77
Dividend yield
4.98%
52W range
$27 – $51
Volume
12.2M
Canadian Natural Resources Ltd (CNQ) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $11.64B | $12.54B | $16.17B | $11.08B | $14.32B | $15.51B | $16.20B | $17.95B | $21.30B | $13.17B | $11.10B | $17.67B | $22.28B | $22.87B | $17.49B | $32.85B | $49.53B | $40.84B | $35.66B | $38.73B |
| Revenue growth (YoY) | — | +7.7% | +28.9% | -31.5% | +29.3% | +8.3% | +4.4% | +10.8% | +18.7% | -38.2% | -15.7% | +59.2% | +26.1% | +2.6% | -23.5% | +87.8% | +50.8% | -17.6% | -12.7% | +8.6% |
| Cost of revenue | $4.64B | $5.15B | $6.40B | $4.21B | $10.77B | $7.71B | $12.94B | $14.14B | $15.81B | $13.39B | $11.54B | $14.72B | $17.07B | $10.98B | $17.42B | $22.28B | $33.27B | $29.06B | $18.08B | $29.72B |
| Gross profit | $7.01B | $7.40B | $9.77B | $6.87B | $3.55B | $7.79B | $3.26B | $3.80B | $5.49B | $-225.00M | $-437.00M | $2.95B | $5.21B | $11.89B | $69.00M | $10.58B | $16.26B | $11.77B | $17.58B | $9.01B |
| Gross margin | 60.2% | 59.0% | 60.4% | 62.0% | 24.8% | 50.3% | 20.1% | 21.2% | 25.8% | -1.7% | -3.9% | 16.7% | 23.4% | 52.0% | 0.4% | 32.2% | 32.8% | 28.8% | 49.3% | 23.3% |
| R&D | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — | — | — | — | — |
| SG&A | $575.00M | $566.00M | $128.00M | $536.00M | $504.00M | $133.00M | $56.00M | $470.00M | $433.00M | $344.00M | $700.00M | $453.00M | $179.00M | $344.00M | $309.00M | $880.00M | $1.22B | $943.00M | $503.00M | $795.00M |
| Operating income | $4.04B | $2.34B | $6.71B | $2.48B | $3.02B | $4.32B | $3.05B | $3.16B | $4.86B | $-742.00M | $-1.28B | $2.33B | $4.85B | $11.33B | $-445.00M | $9.51B | $14.76B | $10.46B | $16.80B | $8.22B |
| Operating margin | 34.7% | 18.6% | 41.5% | 22.3% | 21.1% | 27.9% | 18.9% | 17.6% | 22.8% | -5.6% | -11.5% | 13.2% | 21.8% | 49.5% | -2.5% | 29.0% | 29.8% | 25.6% | 47.1% | 21.2% |
| EBITDA | $6.12B | $5.27B | $10.08B | $5.20B | $7.44B | $7.91B | $7.46B | $8.16B | $10.38B | $5.19B | $4.36B | $7.73B | $9.67B | $11.28B | $6.00B | $16.38B | $21.73B | $17.27B | $16.27B | $17.98B |
| EBITDA margin | 52.6% | 42.0% | 62.3% | 47.0% | 51.9% | 51.0% | 46.1% | 45.5% | 48.7% | 39.4% | 39.3% | 43.7% | 43.4% | 49.3% | 34.3% | 49.9% | 43.9% | 42.3% | 45.6% | 46.4% |
| EBIT | $3.73B | $2.41B | $7.40B | $2.38B | $3.32B | $4.30B | $3.13B | $3.32B | $5.50B | $-293.00M | $-639.00M | $2.54B | $4.33B | $5.54B | $-45.00M | $10.65B | $14.37B | $10.86B | $9.72B | $8.22B |
| Interest expense | $139.79M | $276.09M | $128.00M | $410.00M | $449.00M | $391.00M | $366.00M | $279.00M | $323.00M | $374.00M | $431.00M | $728.00M | $798.00M | $912.00M | $828.00M | $743.00M | $670.00M | $691.00M | $673.00M | $833.32M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $2.52B | $2.61B | $4.99B | $1.58B | $1.67B | $2.64B | $1.89B | $2.27B | $3.93B | $-637.00M | $-204.00M | $2.40B | $2.59B | $5.42B | $-435.00M | $7.66B | $10.94B | $8.23B | $6.11B | $10.81B |
| Net income growth (YoY) | — | +3.3% | +91.1% | -68.3% | +5.9% | +58.0% | -28.4% | +20.0% | +73.1% | -116.2% | +68.0% | +1275.0% | +8.1% | +109.0% | -108.0% | +1861.8% | +42.7% | -24.7% | -25.8% | +77.1% |
| Profit margin | 21.7% | 20.8% | 30.8% | 14.3% | 11.7% | 17.0% | 11.7% | 12.6% | 18.4% | -4.8% | -1.8% | 13.6% | 11.6% | 23.7% | -2.5% | 23.3% | 22.1% | 20.2% | 17.1% | 27.9% |