Canadian Natural Resources

CNQ · TSX · CAD

$69.10+1.53%+$1.04

Close · October 2, 2026

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.

Income statement · Quarterly
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
Total revenue	14,741	10,810	9,609	9,516	8,698	10,939	9,468	8,893	9,051	8,244	9,553	9,895
Cost of revenue	6,427	5,366	4,930	4,911	4,624	5,512	4,708	4,294	4,634	4,441	4,405	4,338
Gross profit	8,314	5,444	4,679	4,605	4,074	5,427	4,760	4,599	4,417	3,803	5,148	5,557
Selling, general and administrative	159	154	160	152	151	152	127	126	124	126	119	108
Operating income	6,352	2,354	1,879	922	2,059	3,300	2,590	2,823	2,557	1,750	2,813	3,522
EBIT	6,352	2,354	1,879	922	2,059	3,300	2,590	2,823	2,557	1,750	2,813	3,522
EBITDA	8,352	4,226	3,930	2,970	3,914	5,261	4,127	4,518	4,303	3,380	4,256	5,151
Interest expense	258	318	263	267	245	264	189	159	165	160	170	183
Pre-tax income	5,888	1,730	6,848	487	2,809	3,097	1,586	2,809	2,256	1,408	2,958	3,147
Income tax	1,385	382	1,545	-113	350	639	448	543	541	421	331	803
Net income	4,503	1,348	5,303	600	2,459	2,458	1,138	2,266	1,715	987	2,627	2,344
Net income to common shareholders	4,503	1,348	5,303	600	2,459	2,458	1,138	2,266	1,715	987	2,627	2,344
Basic EPS	2.17	0.65	2.55	0.29	1.17	1.17	0.54	1.07	0.80	0.46	1.22	1.08
Diluted EPS	2.15	0.64	2.54	0.29	1.17	1.17	0.54	1.06	0.80	0.46	1.21	1.06
Average shares (basic)	2,078	2,085	2,083	2,088	2,093	2,101	2,108	2,120	2,133	2,142	2,160	2,180
Average shares (diluted)	2,090	2,096	2,089	2,094	2,100	2,109	2,120	2,133	2,149	2,159	2,180	2,202
Dividend per share	0.63	0.63	0.59	0.59	0.59	0.59	0.56	0.53	0.53	0.53	0.50	0.45