Canadian Natural Resource/$CNQ

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About Canadian Natural Resource

Canadian Natural Resources is the largest producer of oil and the second-largest producer of natural gas in Canada. It is principally involved in extracting heavy oils, natural gas, and bitumen through its drilling and mining operations. Bitumen from mining operations is upgraded into synthetic crude oil. Commodities produced are primarily exported to the US via pipeline. The company also has smaller offshore production operations in the North Sea and Africa.
Ticker
$CNQ
Sector
Energy
Primary listing
NYSE
Employees
10,750
Headquarters
Calgary, Canada

CNQ Metrics

BasicAdvanced
$104B
12.45
$4.04
0.88
$1.75
3.51%

What the Analysts think about CNQ

Analyst ratings (Buy, Hold, Sell) for Canadian Natural Resource stock.
Analyst projections of the future price of Canadian Natural Resource stock.

Bulls say / Bears say

Canadian Natural delivered record second-quarter earnings and production, with adjusted funds flow of about C$6.9 billion and output up 18% year on year. It also raised its 2026 production guidance for the second time, supporting the case for continued operational momentum. (Reuters, Canadian Natural Resources)
Strong cash generation is funding both shareholder returns and deleveraging. Canadian Natural returned about C$4.0 billion in the second quarter, reduced net debt to roughly C$14.5 billion and has a quarterly dividend of C$0.625 after 26 consecutive years of annual increases. (Canadian Natural Resources, Canadian Natural Resources)
The oil-sands base is showing strong operating economics, with record mining and upgrading volumes, low operating costs and high synthetic-crude netbacks. That gives Canadian Natural more protection than higher-cost producers if oil prices soften moderately. (CNQ Earnings Call Transcript, Canadian Natural Resources)
The company has paused major oil-sands growth projects, including Jackfish, Pike 2 and the proposed Jackpine expansion, until government agreements become legally binding. Delays would leave future production growth dependent more heavily on acquisitions and existing-asset optimisation. (Reuters, The Globe and Mail)
The exceptional second-quarter result was helped by stronger crude prices and a wide synthetic-crude premium. A reversal in oil prices or a narrower premium would reduce cash flow and netbacks, even though the company’s cost base is competitive. (Reuters, Tickeron)
Net debt has fallen but remains about C$14.5 billion, above the C$13 billion level needed for the company’s stated 100% free-cash-flow shareholder-return policy. A weaker commodity cycle could therefore slow buybacks and debt reduction at the same time. (Canadian Natural Resources, CNQ SEC Filing)
Data summarised monthly by Lightyear AI. Last updated on 15 Sept 2026.

CNQ Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

CNQ Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise
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