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    C

    Canadian Natural Resources Ltd (CNQ)

    Official site

    ENERGY • OIL & GAS E&P • NYSE

    $51.97
    +0.15 (+0.29%)

    Market Cap: $106.83B

    Last updated: Oct 16, 2026 at 1:54 PM ET

    Earnings

    Performance (10Y)

    Beat Rate
    79%(31/39)
    Avg Surprise
    -7.28%
    Streak
    6 Q

    Upcoming Estimates

    Period ending Sep 30, 2026
    EPS Consensus$1.42
    Range$1.16 - $1.73
    6 analysts
    EPS RevisionsNo revisions (7d)
    1
    4
    30d
    EPS Estimate DriftChange to current
    90d ago$1.53-7.3%
    60d ago$1.40+1.7%
    30d ago$1.33+6.9%
    7d ago$1.35+5.0%
    Current$1.42
    Revenue Consensus
    $11.9B
    Range$11.8B - $12.1B
    2 analysts
    Period ending Dec 31, 2026
    EPS Consensus$1.58
    Range$0.75 - $2.35
    11 analysts
    Revenue Consensus
    $13.3B
    Range$10.0B - $14.9B
    6 analysts
    PeriodReportedEst.SurpriseB/MYoY
    Dec 26EST
    		-$1.58---
    Sep 26EST
    		-$1.42---
    Jun 26
    Reported Aug 6
    		$1.58$1.43+10.49%Beat+209.8%
    Mar 26
    Reported May 7
    		$1.17$1.06+10.38%Beat+0.9%
    Dec 25
    Reported Mar 5
    		$0.82$0.66+23.72%Beat-11.8%
    Sep 25
    Reported Nov 6
    		$0.86$0.81+6.17%Beat-11.3%
    Jun 25
    Reported Aug 7
    		$0.51$0.44+15.91%Beat-42.0%
    Mar 25
    Reported May 8
    		$1.16$1.08+7.43%Beat+68.1%
    Dec 24
    Reported Mar 6
    		$0.93$0.95-2.11%Miss-60.3%
    Sep 24
    Reported Oct 31
    		$0.97$0.91+6.59%Beat-25.4%
    Jun 24
    Reported Jul 31
    		$0.88$0.80+10.00%Beat+54.4%
    Mar 24
    Reported May 2
    		$0.69$0.74-6.76%Miss-18.8%
    Dec 23
    Reported Feb 29
    		$2.34$2.16+8.33%Beat+19.4%
    Sep 23
    Reported Nov 2
    		$1.30$1.20+8.33%Beat-16.1%
    Jun 23
    Reported Aug 3
    		$0.57$0.53+7.55%Beat-65.0%
    Mar 23
    Reported May 4
    		$0.85$0.82+3.66%Beat-70.3%
    Dec 22
    Reported Mar 2
    		$1.96$2.17-9.68%Miss+76.6%
    Sep 22
    Reported Nov 3
    		$1.55$1.44+7.64%Beat+98.7%
    Jun 22
    Reported Aug 4
    		$1.63$1.49+9.40%Beat+162.9%
    Mar 22
    Reported May 5
    		$2.86$2.56+11.72%Beat+177.7%
    Dec 21
    Reported Mar 3
    		$1.11$1.05+5.71%Beat+1287.5%
    Sep 21
    Reported Nov 4
    		$0.78$0.80-2.50%Miss+1200.0%
    Jun 21
    Reported Aug 5
    		$0.62$0.48+29.17%Beat+293.7%
    Mar 21
    Reported May 6
    		$1.03$0.82+25.61%Beat+512.0%
    Dec 20
    Reported Mar 4
    		$0.08$0.05+60.00%Beat-72.4%
    Sep 20
    Reported Nov 5
    		$0.06$0.01+500.00%Beat-88.5%
    Jun 20
    Reported Aug 6
    		$-0.32$-0.40+20.00%Beat-172.7%
    Mar 20
    Reported May 7
    		$-0.25$0.02-1350.00%Miss-171.4%
    Dec 19
    Reported Mar 5
    		$0.29$0.36-19.44%Miss+238.1%
    Sep 19
    Reported Nov 7
    		$0.52$0.40+30.00%Beat-7.1%
    Jun 19
    Reported Aug 1
    		$0.44$0.43+2.33%Beat-15.4%
    Mar 19
    Reported May 9
    		$0.35$0.27+29.63%Beat-2.8%
    Dec 18
    Reported Mar 7
    		$-0.21$0.15-240.00%Miss-145.7%
    Sep 18
    Reported Nov 1
    		$0.56$0.46+21.74%Beat+460.0%
    Jun 18
    Reported Aug 2
    		$0.52$0.41+26.83%Beat+271.4%
    Mar 18
    Reported May 3
    		$0.36$0.34+5.88%Beat+176.9%
    Dec 17
    Reported Mar 1
    		$0.46$0.36+27.78%Beat+15.0%
    Sep 17
    Reported Nov 2
    		$0.10$0.06+66.67%Beat-
    Jun 17
    Reported Aug 3
    		$0.14$0.12+16.67%Beat-
    Mar 17
    Reported May 4
    		$0.13$0.15-13.33%Miss-
    Dec 16
    Reported Mar 2
    		$0.40$0.09+344.44%Beat-

    Dividends

    Dividend Metrics

    Forward Yield3.48%
    Forward Annual Dividend$1.81
    Payout Ratio44.34%
    Pay MonthsMar, Jul, Sep, Oct, Dec

    Growth

    3Y CAGR+4.65%
    5Y CAGR+21.78%
    CNQ dividend history and ex-dividend datesRun CNQ in the free DRIP calculator

    Key Metrics

    Valuation
    P/E Ratio16.40EV/EBITDA6.52x
    Price/FCF16.17xFCF Yield6.18%
    Profitability
    Profit Margin26.30%Operating Margin43.10%
    ROE26.70%ROIC19.85%
    Financial Health
    Debt/Equity0.37xInterest Coverage17.72x
    Current Ratio1.00xQuick Ratio0.75x
    Trading Statistics
    Beta0.94Avg Volume5.26M
    52-Week High$52.5752-Week Low$28.48

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$49.75
    SMA 20$48.79
    SMA 50$49.08
    SMA 200$44.19
    EMA 10$50.25
    EMA 20$49.56
    EMA 50$48.56
    EMA 200$43.82

    MACD

    Line: 0.67Signal: 0.20Hist: 0.47

    ADX

    ADX: 18.9+DI: 30.2-DI: 14.3

    Aroon & PSAR

    Aroon Up96.0
    Aroon Down52.0
    PSAR$48.31

    Bollinger Bands

    Upper Band$52.06
    Lower Band$45.51
    %B Position1341%(Upper)
    Band Width0.99

    RSI (14-Day)

    Neutral
    66.1

    Momentum Oscillators

    Stoch %K91.9
    Stoch %D93.4
    Williams %R-10.0
    ROC (10d)8.7%
    Momentum4.18
    CCI (20d)167.8
    MFI (14d)82.0

    Volatility Measures

    ATR (14d)$1.23(2.4%)
    StdDev (20d)1.64
    Hist Vol24.8%(Moderate)

    Volume Flow

    VWAP$52.02
    OBV124.9M
    AD Line-7.1B
    CMF (20d)-0.103

    Volume Metrics

    Avg Vol (20d)5.2M
    Vol Ratio0.8x
    VWMA (20d)$48.78

    Pivot Points

    R3$53.28
    R2$52.92
    R1$52.37
    Pivot Point$52.02
    S1$51.47
    S2$51.11
    S3$50.56

    Advanced Oscillators

    TSI14.77
    Ultimate Osc60.3
    KST-2.65

    Financial Data

    QuarterJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023Sep 2023
    Total Revenue$17.21B$10.84B$10.71B$9.52B$9.68B$12.71B$11.06B$10.40B$10.62B$9.42B$10.68B$11.76B
    Cost of Revenue$10.80B$7.36B$8.57B$4.91B$7.37B$9.15B$8.21B$7.40B$7.85B$7.15B$7.59B$7.74B
    Gross Profit$6.41B$3.48B$2.14B$4.61B$2.31B$3.56B$2.86B$3.00B$2.77B$2.27B$3.09B$4.02B
    Operating Expenses$61.00M$800.06M$347.00M$215.00M$249.00M$269.00M$269.00M$177.00M$208.00M$517.00M$267.00M$4.02B
    R&D$0$0$0$0$0$0$0$0$0$0$0$0
    SG&A$37.00M$798.00M$243.00M$152.00M$151.00M$178.00M$127.00M$80.00M$111.00M$420.00M$176.00M$406.00M
    Operating Income$6.35B$2.68B$1.79B$4.39B$2.06B$3.29B$2.59B$2.82B$2.56B$1.75B$2.82B$3.52B
    Interest Income$0$0$65.00M$597.00M$669.00M$191.00M$1.00B$15.00M$0$0$0$375.00M
    Interest Expense$238.00M$318.82M$245.00M$93.00M$238.00M$258.00M$223.00M$154.00M$158.00M$138.00M$117.00M$187.00M
    Income Before Tax$5.89B$1.73B$6.85B$487.00M$2.81B$3.10B$1.59B$2.81B$2.26B$1.41B$2.96B$3.15B
    Income Tax Expense$1.39B$382.99M$1.54B$-113,000,000$350.00M$639.00M$448.00M$543.00M$541.00M$421.00M$331.00M$803.00M
    Net Income$4.50B$1.35B$5.30B$600.00M$2.46B$2.46B$1.14B$2.27B$1.72B$987.00M$2.63B$2.34B
    EBITDA$8.03B$3.93B$9.63B$3.79B$4.81B$5.22B$3.71B$4.56B$4.06B$3.08B$5.19B$4.87B
    EBIT$6.13B$2.05B$7.09B$580.00M$3.05B$3.35B$1.81B$2.96B$2.41B$1.55B$3.13B$3.33B
    * Some calculated fields are derived from available data when not provided by source

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    News

    Enbridge Vs. Canadian Natural Resources: Where I'd Put My Next $10,000

    This article evaluates whether to invest $10,000 in Enbridge or Canadian Natural Resources, two major Canadian energy companies. It will likely compare their business models, financial performance, dividend policies...

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    Can Canadian Natural Resources (TSX:CNQ) Strengthen Its Natural Gas Business?

    Canadian Natural Resources (TSX:CNQ) operates a diversified energy portfolio including oil sands, conventional oil...

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    Canadian Natural Resources Ltd. stock falls Wednesday, still outperforms market

    Canadian Natural Resources Ltd. (CNQ) shares dropped 0.49% to C$73.83 on Wednesday, despite the overall Canadian market, represented by the S&P/TSX Composite Index...

    MarketWatch•10/14/26•Somewhat-Bearish

    Canadian Natural Resources Limited (TSX:CNQ) Gains 4.79% as Bullish Momentum Draws Fresh Investor Attention

    Canadian Natural Resources Limited (TSX:CNQ) saw its stock price rise by 4.79% on October 13, 2026, driven by potential investor interest in commodity realizations, production reliability...

    kalkine.ca•10/14/26•Somewhat-Bullish

    RBC Raises Price Target on Canadian Natural Resources to CA$86 From CA$79, Keeps Outperform Rating

    RBC has increased its price target on Canadian Natural Resources (CNQ) stock to CA$86 from CA$79, while maintaining an "Outperform" rating. The article also notes that Canadian Natural Resources' stock has an average...

    Yahoo Finance•10/14/26•Bullish

    CNQ Valuation and Fair Value

    P/E
    16.4x
    Forward P/E
    13.9x
    EV/EBITDA
    6.5x
    P/FCF
    16.2x
    PEG
    3.4x
    P/B
    3.3x
    See GNG's fair value

    CNQ Profitability: Margins, ROIC and FCF

    Gross margin
    34.4%
    Operating margin
    43.1%
    Net margin
    26.3%
    ROIC
    19.9%
    ROE
    26.7%
    FCF margin
    27.2%
    FCF yield
    6.2%

    CNQ Competitors

    CompanyTicker
    Phillips 66PSX
    Equinor ASA ADREQNR
    BP PLC ADRBP
    Enbridge IncENB
    Valero Energy CorporationVLO
    Suncor Energy IncSU
    Marathon Petroleum CorpMPC
    Williams Companies IncWMB

    Sector: Energy

    CNQ Analyst Ratings

    Consensus
    Buy
    Analysts
    23
    Strong Buy
    4
    Buy
    7
    Hold
    11
    Sell
    0
    Strong Sell
    1

    CNQ Bull Case vs Bear Case

    Bull case

    • CNQ earns a 19.9% return on invested capital.
    • CNQ converts 27.2% of revenue into free cash flow.
    • CNQ has a 26.3% net profit margin.

    CNQ Earnings: Beat Rate and Next Report

    Beat rate
    7 of 8 quarters (87.5%)
    Average surprise
    9.8%
    EPS estimate (fiscal period ending Sep 30, 2026)
    $1.42
    Estimate revisions (30 days, fiscal period ending Sep 30, 2026)
    1 up, 4 down

    CNQ Dividend

    Forward yield
    3.5%
    Payout ratio
    44.3%
    3Y DPS growth
    4.6%
    5Y DPS growth
    21.8%
    Pay months
    Mar, Jul, Sep, Oct, Dec
    CNQ dividend history

    Frequently Asked Questions About CNQ

    What is CNQ's current dividend yield?

    Canadian Natural Resources Ltd (CNQ) has a forward dividend yield of 3.48%.

    Does CNQ pay dividends?

    Yes, Canadian Natural Resources Ltd pays dividends with a forward dividend yield of 3.48%.

    What is CNQ's P/E ratio?

    Canadian Natural Resources Ltd has a price-to-earnings (P/E) ratio of 16.40.

    What is CNQ's market cap?

    Canadian Natural Resources Ltd (CNQ) has a market capitalization of $106.83B with a current stock price of $51.97.

    Related stocks

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