Canadian Natural Resources Ltd (CNQ)
Canadian Natural Resources Limited engages in the acquisition, exploration, development, production, marketing, and sale of crude oil, natural gas, and natural gas liquids (NGLs) in Western Canada, the United Kingdom sector of the North Sea, and Offshore Africa. The company offers synthetic crude oil (SCO), mining bitumen, light and medium crude oil and NGLs, thermal bitumen, primary heavy crude oil and Pelican Lake heavy crude oil. Its midstream assets include two crude oil pipeline systems; and a 50% working interest in an 84-megawatt cogeneration plant at Primrose. The company was formerly known as AEX Minerals Corporation and changed its name to Canadian Natural Resources Limited in December 1975. Canadian Natural Resources Limited was incorporated in 1973 and is headquartered in Calgary, Canada.
- Symbol
- CNQ
- Exchange
- NYSE
- Sector
- Energy
- Industry
- Oil & Gas E&P
- 52 week range
- 29.68 - 52.31
Valuation
- Share price
- $47.64 (close of 2026-09-23)
- P/E (TTM)
- 12.96x
- Price to book
- 3.14x
- Price to free cash flow
- 9.23x
Price performance
| Period | Change |
|---|---|
| 1 day | -1.33% |
| 5 days | -7.58% |
| 1 month | -7.32% |
| 3 months | +16.14% |
| 6 months | -1.53% |
| Year to date | +40.74% |
| 1 year | +48.23% |
| 3 years | +54.52% |
| 5 years | +177.78% |
| 10 years | +228.33% |
| All time | +2735.71% |
Profitability and growth
- Return on equity
- 24.39%
- Return on assets
- 11.78%
- Net margin
- 27.91%
- EBITDA margin
- 61.05%
- Revenue growth
- 8.71%
- Net income growth
- 77.20%
- Free cash flow growth
- 12.85%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 10.83%
- Current ratio
- 0.95x
- Net debt to EBITDA
- 0.73x
Latest reported year
- Period end
- 2025-12-31
- Fiscal year
- 2025
- Shares outstanding
- 2.09B
Margins and returns by year
| Period end | Net margin | Return on equity |
|---|---|---|
| 2025-12-31 | 27.91% | 24.39% |
| 2024-12-31 | 17.12% | 15.47% |
| 2023-12-31 | 22.89% | 20.67% |
| 2022-12-31 | 25.86% | 28.65% |
| 2021-12-31 | 25.50% | 20.74% |
| 2020-12-31 | -2.58% | -1.34% |
| 2019-12-31 | 23.68% | 15.48% |
| 2018-12-31 | 12.32% | 8.10% |
| 2017-12-31 | 13.82% | 7.57% |
| 2016-12-31 | -1.79% | -0.78% |
Investor relations
Next earnings report
- Next confirmed report
- 2026-11-05
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|---|---|
| 2026-08-06 | Jun/2026 | - |
| 2026-05-07 | - | - |
| 2026-03-05 | - | - |
| 2025-11-06 | - | - |
| 2025-08-07 | - | - |
| 2025-07-30 | - | - |
| 2025-05-08 | - | - |
| 2025-04-30 | - | - |
Filings and sources
- Company website
- cnrl.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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Understanding these figures
Price-to-earnings ratio · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart
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