Canadian Natural Resources
$69.10Change from previous close: +1.53%Absolute change: +$1.04
At a glance
- Revenue growth
- +8.71%
- 2025 vs 2024
- Net income growth
- +77.20%
- 2025 vs 2024
- Net margin
- 27.9%
- 2024: 17.1%
Financial data
Amounts in millions of CAD; per-share values in CAD; shares in millions.
| Item | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 6,823 | 3,282 | 3,768 | 3,940 | 3,114 | 4,284 | 3,432 | 3,002 | 4,084 | 2,868 | 4,815 | 3,498 |
| Depreciation and amortization | 2,000 | 1,975 | 2,169 | 2,048 | 1,855 | 1,961 | 1,839 | 1,695 | 1,746 | 1,630 | 1,716 | 1,629 |
| Capital expenditure | -2,405 | -2,178 | -1,449 | -2,124 | -1,915 | -1,303 | -1,300 | -1,349 | -1,625 | -1,113 | -975 | -1,111 |
| Investing cash flow | -2,468 | -1,949 | -1,200 | -2,234 | -1,941 | -1,312 | -10,414 | -1,274 | -1,015 | -1,392 | -946 | -1,199 |
| Financing cash flow | -2,545 | -1,242 | -2,008 | -1,695 | -1,164 | -3,010 | 6,392 | -1,922 | -2,921 | -1,586 | -3,117 | -2,296 |
| Dividends paid | -1,304 | -1,224 | -1,226 | -1,228 | -1,233 | -1,184 | -1,110 | -1,118 | -1,125 | -1,076 | -980 | -984 |
| Share repurchases | -1,098 | -311 | -294 | -309 | -359 | -487 | -551 | -741 | -762 | -606 | -1,549 | -594 |
| Debt issued | — | 101 | 942 | 712 | 471 | — | 8,105 | — | — | — | -202 | — |
| Debt repaid | -168 | -101 | -1,503 | -910 | -82.0 | -1,451 | -84.0 | -84.0 | -1,086 | -79.0 | -484 | -802 |
| Net change in cash | 1,810 | 91.0 | 560 | 11.0 | 9.0 | -38.0 | -590 | -194 | 148 | -110 | 752 | 3.0 |
| Free cash flow | 4,418 | 1,104 | 2,319 | 1,816 | 1,199 | 2,981 | 2,132 | 1,653 | 2,459 | 1,755 | 3,840 | 2,387 |
| Levered free cash flow | 3,093 | 1,610 | 1,879 | 826 | 1,026 | 2,691 | 1,696 | 1,229 | 2,128 | 1,709 | 3,246 | 1,799 |