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Canadian Natural Resources CNQ

US equityMarket cap rank #164Oil & Gas E&P
$47.26
−$0.68 (-1.41%)
Market open · Sep 25, 3:00 pm ET
After hours $47.96 +0.06%
Open$47.35
Prev close$47.93
Day range$46.99 – $47.75
Volume2.79M
Market cap$97.42B
P/E (TTM)11.9
Dividend yield3.61%

Earnings

Average move on report day±2.1%last 16 reports
Closed higher9 of 1656% of the time
Best reaction+5.2%
Worst reaction-2.9%

Stock move on the day after each report

+5.0%2023/Q3+5.2%2023/Q4-0.1%2024/Q1-1.5%2024/Q2-0.5%2024/Q3+1.9%2024/Q4+4.4%2025/Q1-2.9%2025/Q2-1.2%2025/Q3+2.6%2025/Q4-2.0%2026/Q1+1.6%2026/Q2
QuarterReport dateTimingImplied moveActual moveVersus implied
2026/Q26 Aug 2026Pre Market±1.2%+1.56%Bigger than priced
2026/Q17 May 2026Pre Market±1.3%-1.95%Bigger than priced
2025/Q45 Mar 2026–±1.5%+2.58%Bigger than priced
2025/Q36 Nov 2025–±0.7%-1.22%Bigger than priced
2025/Q27 Aug 2025Pre Market±1.0%-2.90%Bigger than priced
2025/Q18 May 2025Pre Market±1.1%+4.41%Bigger than priced
2024/Q46 Mar 2025–±1.1%+1.93%Bigger than priced
2024/Q331 Oct 2024–±2.3%-0.50%Within range
2024/Q21 Aug 2024–±2.6%-1.47%Within range
2024/Q12 May 2024–±4.8%-0.12%Within range
2023/Q429 Feb 2024Pre Market±4.5%+5.22%Bigger than priced
2023/Q32 Nov 2023Pre Market±3.5%+4.98%Bigger than priced
2023/Q23 Aug 2023Pre Market±3.3%+1.11%Within range
2023/Q14 May 2023Pre Market±5.0%-2.42%Within range
2022/Q42 Mar 2023Pre Market±3.9%+1.62%Within range
2022/Q33 Nov 2022Pre Market±5.9%+0.18%Within range

"Implied move" is the size of move the options market was pricing ahead of the report. Move is the stock’s change on the first session after the release.

Where the revenue comes from

Quarter 2026/Q2

By business line

  • Oil Sands Mining and UpgradingC$8.33B 48.4%
  • Exploration and ProductionC$8.12B 47.2%
  • Inter-segment elimination and otherC$392.00M 2.3%
  • Midstream and RefiningC$369.00M 2.1%

Latest reported quarter: Q2, ended Jun 2026 · reported in CAD

RevenueC$17.21B+77.9% YoY
Operating profitC$6.35B+208.3% YoY
Net profitC$4.50B+83.1% YoY
Diluted EPSC$2.15+83.8% YoY
Free cash flowC$4.42B+268.5% YoY
Operating cash flowC$6.82B

Revenue, last 8 quarters

C$10.4BSep '24C$11.1BDec '24C$12.7BMar '25C$9.7BJun '25C$11.1BSep '25C$10.7BDec '25C$12.4BMar '26C$17.2BJun '26

Net profit, last 8 quarters

C$2.3BSep '24C$1.1BDec '24C$2.5BMar '25C$2.5BJun '25C$600.0MSep '25C$5.3BDec '25C$1.3BMar '26C$4.5BJun '26

Profitability & balance sheet

Gross margin26.3%
Operating margin23.2%
Net margin22.9%
Return on equity26.7%
Return on assets12.9%
Return on invested capital20.6%
Current ratio1.00
Liabilities / assets51.5%
Cash & investmentsC$2.62B
Total debtC$17.14B
Net cash (debt)-C$14.53B
Free cash flow / sales18.8%
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