CNQ financial statements
The full income statement, balance sheet, and cash-flow statement for Canadian Natural Resources Limited (CNQ), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 27.7B+6.7% | 26.0B-2.4% | 26.7B-18.0% | 32.5B+35.5% | 24.0B+90.3% | |
| Interest expense | 744M+51.5% | 491M-4.1% | 512M-0.5% | 515M-13.2% | 593M-4.0% | |
| Pre-tax income | 9.48B+61.2% | 5.88B-21.9% | 7.53B-28.5% | 10.5B+33.1% | 7.91B+1314.6% | |
| Income tax | 1.73B+21.6% | 1.42B-0.5% | 1.43B-32.7% | 2.13B+18.6% | 1.79B+648.8% | |
| Net income | 7.74B+73.9% | 4.45B-27.0% | 6.10B-27.4% | 8.40B+37.4% | 6.12B+1984.9% | |
| $3.69+77.6% | $2.08-25.0% | $2.77-24.2% | $3.66-29.1% | $5.15+1967.9% | ||
| EPS (basic) | $3.70+76.7% | $2.09-25.1% | $2.79-24.6% | $3.70-28.5% | $5.18+1976.5% | |
| Weighted-avg shares (basic) | 2.09B-1.6% | 2.13B-2.6% | 2.18B-3.8% | 2.27B+92.2% | 1.18B-0.0% | |
| Weighted-avg shares (diluted) | 2.10B-2.0% | 2.14B-2.9% | 2.20B-4.1% | 2.30B+93.7% | 1.19B+0.4% | |
| Dividends per share | $1.67+9.0% | $1.54-42.9% | $2.69-21.7% | $3.43+131.6% | $1.48+20.6% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 5.60B+8.5% | 5.16B-4.7% | 5.41B+3.8% | 5.21B+11.8% | 4.66B+36.4% | ||
| Cash & equivalents | 491M+438.6% | 91.2M-86.2% | 662M-2.5% | 680M+16.4% | 584M+304.9% | |
| Inventory | 1.91B-1.6% | 1.95B+26.6% | 1.54B+14.6% | 1.34B+10.4% | 1.22B+46.2% | |
| 67.0B+12.8% | 59.4B+3.6% | 57.4B+2.0% | 56.3B-6.5% | 60.2B+2.0% | ||
| Property, plant & equipment | 56.7B+10.9% | 51.1B+4.8% | 48.8B+1.8% | 47.9B-8.1% | 52.1B+1.1% | |
| 5.89B-12.2% | 6.71B+19.4% | 5.62B-12.1% | 6.39B+9.7% | 5.83B+46.4% | ||
| Short-term & current debt | 322M-73.2% | 1.20B+62.6% | 740M+148.0% | 298M-62.0% | 785M+25.3% | |
| 34.7B+8.4% | 32.0B+17.1% | 27.3B-2.7% | 28.0B-10.0% | 31.2B-7.3% | ||
| Long-term debt | 11.8B+3.3% | 11.4B+54.2% | 7.42B-9.1% | 8.16B-24.1% | 10.7B-31.8% | |
| 32.4B+17.8% | 27.5B-8.7% | 30.1B+6.7% | 28.2B-2.7% | 29.0B+14.3% | ||
| Total equity incl. non-controlling | 32.4B+17.8% | 27.5B-8.7% | 30.1B+6.7% | 28.2B-2.7% | 29.0B+14.3% | |
| Shares outstanding (cover) | 2.08B-1.0% | 2.10B+96.1% | 1.07B-2.7% | 1.10B-5.6% | 1.17B-1.3% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 10.8B+10.7% | 9.77B+6.7% | 9.15B-38.6% | 14.9B+29.0% | 11.6B+228.6% | ||
| Depreciation & amortization | 6.72B+37.8% | 4.87B+2.6% | 4.75B-15.9% | 5.65B+23.7% | 4.57B+1.3% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00-100.0% | 146M-50.7% | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Dividends paid | 3.49B+7.9% | 3.23B+12.1% | 2.88B-23.8% | 3.78B+118.6% | 1.73B+19.1% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 70.5B+8.5% | 64.9B+79.7% | 36.1B+11.4% | 32.4B+34.2% | 24.2B+73.4% | |
| P/E | 9.1×-37.6% | 14.6×+239.0% | 4.3×-19.0% | 5.3×+34.2% | 4.0× | |
| P/S | 2.5×+1.8% | 2.5×+124.5% | 1.1×-17.8% | 1.4×+34.2% | 1.0×-8.9% | |
| P/B | 2.2×-7.9% | 2.4×+84.4% | 1.3×+14.5% | 1.1×+34.2% | 0.8×+51.7% | |
| Earnings yield | 11.0%+60.2% | 6.9%-70.5% | 23.3%+23.4% | 18.9%-25.5% | 25.3% | |
| Dividend yield | 4.9%-0.6% | 5.0%-39.4% | 8.2%-33.6% | 12.4%+72.6% | 7.2%-31.3% | |
| Source filing | 40-F | 40-F | 40-F | 40-F | 40-F |
About this data
Source: CNQ’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all CNQ filings on SEC EDGAR → Not investment advice.