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CNQ US​
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CNQ US​
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CANADIAN NATURAL RESOURCES Ltd(CNQ US)

$49.11+0.220.45%Ext:$49.95+0.841.70%(After Hours · 23:40:30 UTC)
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CANADIAN NATURAL RESOURCES Ltd(CNQ US)

$49.11+0.220.45%Ext:$49.95+0.841.70%(After Hours · 23:40:30 UTC)
Ask AI
Doc SearchProfileEntity StructureFinancialsChartingShort InterestEmployees

Overview

ProfileEntity Structure

Documents

SEC Filings

Financials & Metrics

FinancialsChartingShort InterestEmployees

Financials & Metrics

FinancialsChartingShort InterestEmployees

CANADIAN NATURAL RESOURCES Ltd — Company Profile

Canadian Natural Resources Limited (CNQ) is an integrated energy enterprise engaged across the full spectrum of upstream and downstream activities related to crude oil, natural gas, and natural gas liquids (NGLs), encompassing acquisition, exploration, development, production, marketing, and sales. Its diverse portfolio of hydrocarbon products encompasses synthetic crude oil (SCO), light and medium crude, bitumen (also known as thermal oil), along with both primary heavy crude oil and specialized Pelican Lake heavy crude. Beyond exploration and production, the company holds midstream and refining assets, notably comprising two crude oil pipeline networks and a half-interest (50% working interest) in an 84-megawatt cogeneration facility situated at Primrose. As of December 31, 2020, CNQ reported substantial reserves. Its proved crude oil, bitumen, and NGLs reserves amounted to 10,528 million barrels (MMbbl), escalating to 13,271 MMbbl when probable reserves are included. Proved synthetic crude oil (SCO) reserves stood at 6,998 MMbbl, with total proved plus probable SCO reserves reaching 7,535 MMbbl. Furthermore, the company's proved natural gas reserves were recorded at 12,168 billion cubic feet (Bcf), expanding to 20,249 Bcf on a proved plus probable basis. Geographically, its operations are concentrated in key regions, including Western Canada, the United Kingdom's North Sea sector, and offshore West Africa. The entity, incorporated in 1973, was originally known as AEX Minerals Corporation before adopting the name Canadian Natural Resources Limited in December 1975. Its corporate headquarters are located in Calgary, Canada.

Sector
Energy
Industry
Oil, Gas & Consumable Fuels
Exchange
UN
CEO
Norman Murray Edwards
Headquarters
Calgary, A0, CA
IPO Date
Jul 31, 2000
Employees
10,750
Website
www.cnrl.com

Key Metrics

Price
$47.95
Market Cap
$100.01B
Revenue (TTM)
$10.84B
Net Income (TTM)
$1.35B
EPS (TTM)
0.64
P/E (TTM)
10.30
P/B (TTM)
3.12
Dividend Yield
3.88%
ROE (TTM)
4.21%
ROA (TTM)
2.00%
Operating Margin
24.71%

CANADIAN NATURAL RESOURCES Ltd — Company Profile

Canadian Natural Resources Limited (CNQ) is an integrated energy enterprise engaged across the full spectrum of upstream and downstream activities related to crude oil, natural gas, and natural gas liquids (NGLs), encompassing acquisition, exploration, development, production, marketing, and sales. Its diverse portfolio of hydrocarbon products encompasses synthetic crude oil (SCO), light and medium crude, bitumen (also known as thermal oil), along with both primary heavy crude oil and specialized Pelican Lake heavy crude. Beyond exploration and production, the company holds midstream and refining assets, notably comprising two crude oil pipeline networks and a half-interest (50% working interest) in an 84-megawatt cogeneration facility situated at Primrose. As of December 31, 2020, CNQ reported substantial reserves. Its proved crude oil, bitumen, and NGLs reserves amounted to 10,528 million barrels (MMbbl), escalating to 13,271 MMbbl when probable reserves are included. Proved synthetic crude oil (SCO) reserves stood at 6,998 MMbbl, with total proved plus probable SCO reserves reaching 7,535 MMbbl. Furthermore, the company's proved natural gas reserves were recorded at 12,168 billion cubic feet (Bcf), expanding to 20,249 Bcf on a proved plus probable basis. Geographically, its operations are concentrated in key regions, including Western Canada, the United Kingdom's North Sea sector, and offshore West Africa. The entity, incorporated in 1973, was originally known as AEX Minerals Corporation before adopting the name Canadian Natural Resources Limited in December 1975. Its corporate headquarters are located in Calgary, Canada.

Sector
Energy
Industry
Oil, Gas & Consumable Fuels
Exchange
UN
CEO
Norman Murray Edwards
Headquarters
Calgary, A0, CA
IPO Date
Jul 31, 2000
Employees
10,750
Website
www.cnrl.com

Key Metrics

Price
$47.95
Market Cap
$100.01B
Revenue (TTM)
$10.84B
Net Income (TTM)
$1.35B
EPS (TTM)
0.64
P/E (TTM)
10.30
P/B (TTM)
3.12
Dividend Yield
3.88%
ROE (TTM)
4.21%
ROA (TTM)
2.00%
Operating Margin
24.71%
Beta
-0.11

Dividends

Last Dividend
$0.45
Last Yield
0.04%

Summary

Canadian Natural Resources Limited (CNQ) is an integrated energy enterprise engaged across the full spectrum of upstream and downstream activities related to crude oil, natural gas, and natural gas liquids (NGLs), encompassing acquisition, exploration, development, production, marketing, and sales. Its diverse portfolio of hydrocarbon products encompasses synthetic crude oil (SCO), light and medium crude, bitumen (also known as thermal oil), along with both primary heavy crude oil and specialized Pelican Lake heavy crude. Beyond exploration and production, the company holds midstream and refining assets, notably comprising two crude oil pipeline networks and a half-interest (50% working interest) in an 84-megawatt cogeneration facility situated at Primrose. As of December 31, 2020, CNQ reported substantial reserves. Its proved crude oil, bitumen, and NGLs reserves amounted to 10,528 million barrels (MMbbl), escalating to 13,271 MMbbl when probable reserves are included. Proved synthetic crude oil (SCO) reserves stood at 6,998 MMbbl, with total proved plus probable SCO reserves reaching 7,535 MMbbl. Furthermore, the company's proved natural gas reserves were recorded at 12,168 billion cubic feet (Bcf), expanding to 20,249 Bcf on a proved plus probable basis. Geographically, its operations are concentrated in key regions, including Western Canada, the United Kingdom's North Sea sector, and offshore West Africa. The entity, incorporated in 1973, was originally known as AEX Minerals Corporation before adopting the name Canadian Natural Resources Limited in December 1975. Its corporate headquarters are located in Calgary, Canada.

Website
www.cnrl.com
Location
Calgary, A0, CA
Phone14035147605
Employees10,750
CEONorman Murray Edwards
Sector
Energy
Industry
Oil, Gas & Consumable Fuels
IPO DateJul 31, 2000

Ask AI

Company overview
Business model, segments, and competition.
Peer comparison
Metrics vs closest competitors.
Guidance & outlook
Forward guidance and assumptions.
Bull vs bear case
Upside drivers and key risks.
Valuation snapshot
Multiples vs history and peers.
Competitive moat
Defensibility and market position.
Management track record
Leadership and capital allocation history.
How it makes money
A short diagram of the business model.

Latest Documents

SEC Filings(640)

Expand
  • 6-KCurrent report (foreign private issuer)5 Nov
  • 6-KCurrent report (foreign private issuer)5 Nov
  • SC 13G/ACANADIAN NATURAL RESOURCES Ltd12 Aug
  • 6-KCurrent report (foreign private issuer)6 Aug
  • 6-KCurrent report (foreign private issuer)6 Aug
  • SC 13GCANADIAN NATURAL RESOURCES Ltd27 Jul
  • SDSD23 Jun
  • 6-KCurrent report (foreign private issuer)12 May
  • 6-KCurrent report (foreign private issuer)8 May
  • 6-KCurrent report (foreign private issuer)7 May
  • 6-KCurrent report (foreign private issuer)7 May
  • Form 144GIFFIN GORDON D27 Mar
  • 6-KCurrent report (foreign private issuer)25 Mar
  • 40-FFY 2025ended 31 Dec 202525 Mar
  • 6-KCurrent report (foreign private issuer)16 Mar
  • 6-KCurrent report (foreign private issuer)6 Mar
  • 6-KCurrent report (foreign private issuer)6 Mar
  • SC 13G/ACANADIAN NATURAL RESOURCES LTD12 Feb
  • 6-KCurrent report (foreign private issuer)16 Dec 2025
  • 6-KCurrent report (foreign private issuer)5 Dec 2025

News

  • CNQ Q3 Earnings Beat on Strong Pricing and Record Thermal Output9 Nov
  • Canadian Natural Resources (CNQ) is a Top-Ranked Growth Stock: Should You Buy?9 Nov
  • 5 Oil Stocks Could Turn $500,000 Into $14,000 a Year in Dividend Income9 Nov
  • Canadian Natural Resources Q3 Earnings Call Highlights6 Nov
  • CNQ Q3 Earnings Call Highlights: Buybacks and Production Outlook6 Nov
  • Diamondback Just Raised Its Dividend 7.3%. These 3 Energy Stocks Are Paying Investors Too6 Nov
  • Canadian Natural: Strong Results, 10%+ Yield5 Nov
  • Canadian Natural Resources Limited (CNQ:CA) Q3 2026 Earnings Call Transcript5 Nov
  • Compared to Estimates, Canadian Natural Resources (CNQ) Q3 Earnings: A Look at Key Metrics5 Nov
  • Is Canadian Natural Resources Limited (CNQ) Stock Outpacing Its Oils-Energy Peers This Year?5 Nov
  • Canadian Natural Resources (CNQ) Beats Q3 Earnings and Revenue Estimates5 Nov
  • Canadian Natural Resources Limited Announces 2026 Third Quarter Results5 Nov
  • Canadian Natural Resources Limited Announces Quarterly Dividend5 Nov
  • What's in Store for These 4 Energy Stocks in Q3 Earnings?4 Nov
  • Canadian Natural to Report Q3 Earnings: What's in the Offing?3 Nov
  • Gear Up for Canadian Natural Resources (CNQ) Q3 Earnings: Wall Street Estimates for Key Metrics3 Nov
  • Canadian Natural Resources (CNQ) Earnings Expected to Grow: What to Know Ahead of Next Week's Release29 Oct
  • TSX Composite Index outlook: Top catalysts for Canadian stocks this week26 Oct
  • Contrasting Canadian Natural Resources (NYSE:CNQ) & ExxonMobil (NYSE:XOM)26 Oct
  • Here's Why Canadian Natural Resources (CNQ) is a Strong Growth Stock22 Oct

Mentions in Filings

  • … CO), effective Oct. 19, 2026. * Ms. Krislock is a professional engineer with 25 years of energy industry experience, including operational, technical, and commercial leadership experience at TC Energy Corp., <strong>Canadian Natural Resources Limited</strong>, and Devon Energy Corp. As COO, she will lead South Bow's safety, operations, and engineering functions. * As CCO, Mr. Prior will lead South Bow's commercial, business development, and corporate development …
    South Bow CorpCANADIAN NATURAL RESOURCES Ltd·EX-99.1 - 6-K - PRESS RELEASE·Q4 26·4 Nov
  • … g in the early 2030s through 2054. •In June 2026, we and Cheniere Marketing entered into an agreement, effective June 26, 2026, to assign to us an IPM agreement between Cheniere Marketing (as purchaser) and <strong>Canadian Natural Resources Limited</strong> (as supplier) to purchase 140,000 MMBtu per day of natural gas at a price based on the Platts Japan Korea Marker (“JKM”), for a term of approximately 15 years, which will commence in 2030. •In June 2026, we …
    Cheniere Corpus Christi Holdings, LLCCANADIAN NATURAL RESOURCES Ltd·10-Q - Quarterly report Q3·Q3 26·28 Oct
  • … Antero Resources Corporation \* | | 0.13% | | 66 | | 36.36 | | 2,400 | | APA | APA Corporation | | 0.13% | | 54 | | 44.55 | | 2,406 | | BP | BP p.l.c. (ADR) † | | 0.27% | | 107 | | 44.59 | | 4,771 | | CNQ | <strong>Canadian Natural Resources Limited</strong> † | | 0.27% | | 100 | | 48.04 | | 4,804 | | CVX | Chevron Corporation | | 0.33% | | 28 | | 210.78 | | 5,902 | | CHRD | Chord Energy Corporation | | 0.13% | | 17 | | 137.49 | | 2,337 | | CNX | CNX Resources C …
    FT 13365CANADIAN NATURAL RESOURCES Ltd·487 - Form 487 - FORM S-6 TO EFFECTIVE AMENDMENT·Q4 26·10 Nov
  • … ars Subtotal | | 21,037,244 | | 3,384,093,961.38 | | | | | (531,167,388,178) | | | | | Canadian dollar | ARC RESOURCES LTD | 36,244 | 22.83 | 827,450.52 | | | CAMECO CORP | 23,649 | 155.18 | 3,669,851.82 | | | | <strong>Canadian Natural Resources</strong> | 122,354 | 53.40 | 6,533,703.60 | | | | CENOVUS ENERGY INC | 77,972 | 28.11 | 2,191,792.92 | | | | ENBRIDGE | 123,593 | 68.74 | 8,495,782.82 | | | | Imperial Oil | 9,983 | 153.68 | 1,534,187.44 | | | | KEYERA C …
    三井住友トラスト・アセットマネジメント株式会社CANADIAN NATURAL RESOURCES Ltd·Prospectus - Securities registration statement·09 Nov·8 Nov
  • … ars Subtotal | | 21,037,244 | | 3,384,093,961.38 | | | | | (531,167,388,178) | | | | | Canadian dollar | ARC RESOURCES LTD | 36,244 | 22.83 | 827,450.52 | | | CAMECO CORP | 23,649 | 155.18 | 3,669,851.82 | | | | <strong>Canadian Natural Resources</strong> | 122,354 | 53.40 | 6,533,703.60 | | | | CENOVUS ENERGY INC | 77,972 | 28.11 | 2,191,792.92 | | | | ENBRIDGE | 123,593 | 68.74 | 8,495,782.82 | | | | Imperial Oil | 9,983 | 153.68 | 1,534,187.44 | | | | KEYERA C …
    三井住友トラスト・アセットマネジメント株式会社CANADIAN NATURAL RESOURCES Ltd·Prospectus - Securities registration statement·09 Nov·8 Nov
  • … oldings Inc. | GOOS | GOOS | | Canadian Apartment Properties Real Estate Investment Trust | CAR | CAR.UN | | Canadian Imperial Bank of Commerce | CM | CM | | Canadian National Railway Company | CNR | CNR | | <strong>Canadian Natural Resources Limited</strong> | CNQ | CNQ | | Canadian Pacific Kansas City Limited | CP | CP | | Canadian Tire Corporation Limited | CTC | CTC.A | | Canadian Utilities Limited | CU | CU | | Canfor Corporation | CFP | CFP | | Canopy Growt …
    CANADIAN DERIVATIVES CLEARING CORPCANADIAN NATURAL RESOURCES Ltd·EX-99.1 - 8-K - Financial Statements and Exhibits·Q4 26·6 Nov

Key Stats

Trading

Px/Chg 1D$47.95 / -1.01%
Avg Volume10.57M
Beta-0.11
Mkt Cap100.01B
FD Mkt Cap103.40B

Float

Shrs Out/Float2.09B / 2.03B
Short Float0.05%
Days to Cover7.77
Stock Repurchased$223.58M

Current Valuation

EV113.82B
EV/EBITDA5.09
EV/Sales2.79
P/B3.12
P/S2.45
FCF Yield0.86%
ROE4.21%
ROA2.00%
Current Ratio0.98

Dividend

Cash$0.45
Yield3.88%
Yield (TTM)3.88%

Estimates

P/E10.30
Est P/E0.00
Est EPS0.74
Est PEG0.00

Valuation

Metric5Yr AvgMar '23Mar '24May '25May '26Oct '26
PRICE-BASED RATIOS
Price / Earnings23.575.7010.1210.0917.9274.00
Price / Sales4.631.262.041.738.889.23
Price / Book Value2.111.632.091.562.143.12
Price / Free Cash Flow36.244.3611.197.6141.11116.90
ENTERPRISE VALUE METRICS
Enterprise Value95,466.274,419.793,210.981,790.5114,088.2113,821.7
Enterprise Value / Sales5.451.502.282.2910.6510.50
Enterprise Value / EBITDA10.783.435.405.0311.8528.22
Enterprise Value / EBIT18.745.188.598.4116.0855.43

Financials

Full Financials
Millions CAD5Yr CAGR (%)Dec '21Dec '22Dec '23Dec '24Dec '25
INCOME STATEMENT
Revenue7.7%32,854.049,530.040,835.035,656.044,167.0
Gross Income-2.9%10,577.016,260.011,773.017,579.09,401.0
EBITDA7.5%16,378.021,727.017,269.016,266.021,887.0
EBIT7.6%10,654.014,374.010,856.09,720.014,280.0
Net Income9%7,664.010,937.08,233.06,106.010,820.0
EPS (Diluted)12.3%3.244.823.742.855.16
BALANCE SHEET
Cash & ST Inv-10.6%1,053.01,411.01,402.0131.0672.5
Total Assets4.6%76,665.076,142.075,955.085,359.091,755.2
Total Liabilities4.5%39,720.037,967.036,123.045,891.047,425.3
Total Shareholder Equity4.7%36,945.038,175.039,832.039,468.044,329.8
CASH FLOW
Net Operating Cash Flow7.2%11,446.319,391.012,353.013,386.015,093.7
Cap Ex17.1%-3,551.4-5,103.0-4,909.0-5,291.0-6,670.6
Free Cash Flow1.6%7,894.914,288.07,444.08,095.08,423.1

Enterprise Value Bridge

Millions CAD11 Nov '26
Price (As of 11 Nov '26)48.85
Basic Shares2,085.71
Market Cap101,876.5
Diluted Shares2,089.84
Fully Diluted Shares Outstanding2,089.84
Fully Diluted Market Cap102,078.0
+Consolidated Debt17,144.0
−In-the-Money Convertible Debt—
+Capital Leases-
+Operating Leases—
−Cash & Equivalents-2,618.0
−Short-term Investments-
+Total Preferred-
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest-
+Pension Liabilities—
Enterprise Value116,402.5

Segment data

Revenue

by Products and services

  • Oil And Gas1100%

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Beta
-0.11

Dividends

Last Dividend
$0.45
Last Yield
0.04%

Summary

Canadian Natural Resources Limited (CNQ) is an integrated energy enterprise engaged across the full spectrum of upstream and downstream activities related to crude oil, natural gas, and natural gas liquids (NGLs), encompassing acquisition, exploration, development, production, marketing, and sales. Its diverse portfolio of hydrocarbon products encompasses synthetic crude oil (SCO), light and medium crude, bitumen (also known as thermal oil), along with both primary heavy crude oil and specialized Pelican Lake heavy crude. Beyond exploration and production, the company holds midstream and refining assets, notably comprising two crude oil pipeline networks and a half-interest (50% working interest) in an 84-megawatt cogeneration facility situated at Primrose. As of December 31, 2020, CNQ reported substantial reserves. Its proved crude oil, bitumen, and NGLs reserves amounted to 10,528 million barrels (MMbbl), escalating to 13,271 MMbbl when probable reserves are included. Proved synthetic crude oil (SCO) reserves stood at 6,998 MMbbl, with total proved plus probable SCO reserves reaching 7,535 MMbbl. Furthermore, the company's proved natural gas reserves were recorded at 12,168 billion cubic feet (Bcf), expanding to 20,249 Bcf on a proved plus probable basis. Geographically, its operations are concentrated in key regions, including Western Canada, the United Kingdom's North Sea sector, and offshore West Africa. The entity, incorporated in 1973, was originally known as AEX Minerals Corporation before adopting the name Canadian Natural Resources Limited in December 1975. Its corporate headquarters are located in Calgary, Canada.

Website
www.cnrl.com
Location
Calgary, A0, CA
Phone14035147605
Employees10,750
CEONorman Murray Edwards
Sector
Energy
Industry
Oil, Gas & Consumable Fuels
IPO DateJul 31, 2000

Ask AI

Company overview
Business model, segments, and competition.
Peer comparison
Metrics vs closest competitors.
Guidance & outlook
Forward guidance and assumptions.
Bull vs bear case
Upside drivers and key risks.
Valuation snapshot
Multiples vs history and peers.
Competitive moat
Defensibility and market position.
Management track record
Leadership and capital allocation history.
How it makes money
A short diagram of the business model.

Latest Documents

SEC Filings(640)

Expand
  • 6-KCurrent report (foreign private issuer)5 Nov
  • 6-KCurrent report (foreign private issuer)5 Nov
  • SC 13G/ACANADIAN NATURAL RESOURCES Ltd12 Aug
  • 6-KCurrent report (foreign private issuer)6 Aug
  • 6-KCurrent report (foreign private issuer)6 Aug
  • SC 13GCANADIAN NATURAL RESOURCES Ltd27 Jul
  • SDSD23 Jun
  • 6-KCurrent report (foreign private issuer)12 May
  • 6-KCurrent report (foreign private issuer)8 May
  • 6-KCurrent report (foreign private issuer)7 May
  • 6-KCurrent report (foreign private issuer)7 May
  • Form 144GIFFIN GORDON D27 Mar
  • 6-KCurrent report (foreign private issuer)25 Mar
  • 40-FFY 2025ended 31 Dec 202525 Mar
  • 6-KCurrent report (foreign private issuer)16 Mar
  • 6-KCurrent report (foreign private issuer)6 Mar
  • 6-KCurrent report (foreign private issuer)6 Mar
  • SC 13G/ACANADIAN NATURAL RESOURCES LTD12 Feb
  • 6-KCurrent report (foreign private issuer)16 Dec 2025
  • 6-KCurrent report (foreign private issuer)5 Dec 2025

News

  • CNQ Q3 Earnings Beat on Strong Pricing and Record Thermal Output9 Nov
  • Canadian Natural Resources (CNQ) is a Top-Ranked Growth Stock: Should You Buy?9 Nov
  • 5 Oil Stocks Could Turn $500,000 Into $14,000 a Year in Dividend Income9 Nov
  • Canadian Natural Resources Q3 Earnings Call Highlights6 Nov
  • CNQ Q3 Earnings Call Highlights: Buybacks and Production Outlook6 Nov
  • Diamondback Just Raised Its Dividend 7.3%. These 3 Energy Stocks Are Paying Investors Too6 Nov
  • Canadian Natural: Strong Results, 10%+ Yield5 Nov
  • Canadian Natural Resources Limited (CNQ:CA) Q3 2026 Earnings Call Transcript5 Nov
  • Compared to Estimates, Canadian Natural Resources (CNQ) Q3 Earnings: A Look at Key Metrics5 Nov
  • Is Canadian Natural Resources Limited (CNQ) Stock Outpacing Its Oils-Energy Peers This Year?5 Nov
  • Canadian Natural Resources (CNQ) Beats Q3 Earnings and Revenue Estimates5 Nov
  • Canadian Natural Resources Limited Announces 2026 Third Quarter Results5 Nov
  • Canadian Natural Resources Limited Announces Quarterly Dividend5 Nov
  • What's in Store for These 4 Energy Stocks in Q3 Earnings?4 Nov
  • Canadian Natural to Report Q3 Earnings: What's in the Offing?3 Nov
  • Gear Up for Canadian Natural Resources (CNQ) Q3 Earnings: Wall Street Estimates for Key Metrics3 Nov
  • Canadian Natural Resources (CNQ) Earnings Expected to Grow: What to Know Ahead of Next Week's Release29 Oct
  • TSX Composite Index outlook: Top catalysts for Canadian stocks this week26 Oct
  • Contrasting Canadian Natural Resources (NYSE:CNQ) & ExxonMobil (NYSE:XOM)26 Oct
  • Here's Why Canadian Natural Resources (CNQ) is a Strong Growth Stock22 Oct

Mentions in Filings

  • … CO), effective Oct. 19, 2026. * Ms. Krislock is a professional engineer with 25 years of energy industry experience, including operational, technical, and commercial leadership experience at TC Energy Corp., <strong>Canadian Natural Resources Limited</strong>, and Devon Energy Corp. As COO, she will lead South Bow's safety, operations, and engineering functions. * As CCO, Mr. Prior will lead South Bow's commercial, business development, and corporate development …
    South Bow CorpCANADIAN NATURAL RESOURCES Ltd·EX-99.1 - 6-K - PRESS RELEASE·Q4 26·4 Nov
  • … g in the early 2030s through 2054. •In June 2026, we and Cheniere Marketing entered into an agreement, effective June 26, 2026, to assign to us an IPM agreement between Cheniere Marketing (as purchaser) and <strong>Canadian Natural Resources Limited</strong> (as supplier) to purchase 140,000 MMBtu per day of natural gas at a price based on the Platts Japan Korea Marker (“JKM”), for a term of approximately 15 years, which will commence in 2030. •In June 2026, we …
    Cheniere Corpus Christi Holdings, LLCCANADIAN NATURAL RESOURCES Ltd·10-Q - Quarterly report Q3·Q3 26·28 Oct
  • … Antero Resources Corporation \* | | 0.13% | | 66 | | 36.36 | | 2,400 | | APA | APA Corporation | | 0.13% | | 54 | | 44.55 | | 2,406 | | BP | BP p.l.c. (ADR) † | | 0.27% | | 107 | | 44.59 | | 4,771 | | CNQ | <strong>Canadian Natural Resources Limited</strong> † | | 0.27% | | 100 | | 48.04 | | 4,804 | | CVX | Chevron Corporation | | 0.33% | | 28 | | 210.78 | | 5,902 | | CHRD | Chord Energy Corporation | | 0.13% | | 17 | | 137.49 | | 2,337 | | CNX | CNX Resources C …
    FT 13365CANADIAN NATURAL RESOURCES Ltd·487 - Form 487 - FORM S-6 TO EFFECTIVE AMENDMENT·Q4 26·10 Nov
  • … ars Subtotal | | 21,037,244 | | 3,384,093,961.38 | | | | | (531,167,388,178) | | | | | Canadian dollar | ARC RESOURCES LTD | 36,244 | 22.83 | 827,450.52 | | | CAMECO CORP | 23,649 | 155.18 | 3,669,851.82 | | | | <strong>Canadian Natural Resources</strong> | 122,354 | 53.40 | 6,533,703.60 | | | | CENOVUS ENERGY INC | 77,972 | 28.11 | 2,191,792.92 | | | | ENBRIDGE | 123,593 | 68.74 | 8,495,782.82 | | | | Imperial Oil | 9,983 | 153.68 | 1,534,187.44 | | | | KEYERA C …
    三井住友トラスト・アセットマネジメント株式会社CANADIAN NATURAL RESOURCES Ltd·Prospectus - Securities registration statement·09 Nov·8 Nov
  • … ars Subtotal | | 21,037,244 | | 3,384,093,961.38 | | | | | (531,167,388,178) | | | | | Canadian dollar | ARC RESOURCES LTD | 36,244 | 22.83 | 827,450.52 | | | CAMECO CORP | 23,649 | 155.18 | 3,669,851.82 | | | | <strong>Canadian Natural Resources</strong> | 122,354 | 53.40 | 6,533,703.60 | | | | CENOVUS ENERGY INC | 77,972 | 28.11 | 2,191,792.92 | | | | ENBRIDGE | 123,593 | 68.74 | 8,495,782.82 | | | | Imperial Oil | 9,983 | 153.68 | 1,534,187.44 | | | | KEYERA C …
    三井住友トラスト・アセットマネジメント株式会社CANADIAN NATURAL RESOURCES Ltd·Prospectus - Securities registration statement·09 Nov·8 Nov
  • … oldings Inc. | GOOS | GOOS | | Canadian Apartment Properties Real Estate Investment Trust | CAR | CAR.UN | | Canadian Imperial Bank of Commerce | CM | CM | | Canadian National Railway Company | CNR | CNR | | <strong>Canadian Natural Resources Limited</strong> | CNQ | CNQ | | Canadian Pacific Kansas City Limited | CP | CP | | Canadian Tire Corporation Limited | CTC | CTC.A | | Canadian Utilities Limited | CU | CU | | Canfor Corporation | CFP | CFP | | Canopy Growt …
    CANADIAN DERIVATIVES CLEARING CORPCANADIAN NATURAL RESOURCES Ltd·EX-99.1 - 8-K - Financial Statements and Exhibits·Q4 26·6 Nov

Key Stats

Trading

Px/Chg 1D$47.95 / -1.01%
Avg Volume10.57M
Beta-0.11
Mkt Cap100.01B
FD Mkt Cap103.40B

Float

Shrs Out/Float2.09B / 2.03B
Short Float0.05%
Days to Cover7.77
Stock Repurchased$223.58M

Current Valuation

EV113.82B
EV/EBITDA5.09
EV/Sales2.79
P/B3.12
P/S2.45
FCF Yield0.86%
ROE4.21%
ROA2.00%
Current Ratio0.98

Dividend

Cash$0.45
Yield3.88%
Yield (TTM)3.88%

Estimates

P/E10.30
Est P/E0.00
Est EPS0.74
Est PEG0.00

Valuation

Metric5Yr AvgMar '23Mar '24May '25May '26Oct '26
PRICE-BASED RATIOS
Price / Earnings23.575.7010.1210.0917.9274.00
Price / Sales4.631.262.041.738.889.23
Price / Book Value2.111.632.091.562.143.12
Price / Free Cash Flow36.244.3611.197.6141.11116.90
ENTERPRISE VALUE METRICS
Enterprise Value95,466.274,419.793,210.981,790.5114,088.2113,821.7
Enterprise Value / Sales5.451.502.282.2910.6510.50
Enterprise Value / EBITDA10.783.435.405.0311.8528.22
Enterprise Value / EBIT18.745.188.598.4116.0855.43

Financials

Full Financials
Millions CAD5Yr CAGR (%)Dec '21Dec '22Dec '23Dec '24Dec '25
INCOME STATEMENT
Revenue7.7%32,854.049,530.040,835.035,656.044,167.0
Gross Income-2.9%10,577.016,260.011,773.017,579.09,401.0
EBITDA7.5%16,378.021,727.017,269.016,266.021,887.0
EBIT7.6%10,654.014,374.010,856.09,720.014,280.0
Net Income9%7,664.010,937.08,233.06,106.010,820.0
EPS (Diluted)12.3%3.244.823.742.855.16
BALANCE SHEET
Cash & ST Inv-10.6%1,053.01,411.01,402.0131.0672.5
Total Assets4.6%76,665.076,142.075,955.085,359.091,755.2
Total Liabilities4.5%39,720.037,967.036,123.045,891.047,425.3
Total Shareholder Equity4.7%36,945.038,175.039,832.039,468.044,329.8
CASH FLOW
Net Operating Cash Flow7.2%11,446.319,391.012,353.013,386.015,093.7
Cap Ex17.1%-3,551.4-5,103.0-4,909.0-5,291.0-6,670.6
Free Cash Flow1.6%7,894.914,288.07,444.08,095.08,423.1

Enterprise Value Bridge

Millions CAD11 Nov '26
Price (As of 11 Nov '26)48.85
Basic Shares2,085.71
Market Cap101,876.5
Diluted Shares2,089.84
Fully Diluted Shares Outstanding2,089.84
Fully Diluted Market Cap102,078.0
+Consolidated Debt17,144.0
−In-the-Money Convertible Debt—
+Capital Leases-
+Operating Leases—
−Cash & Equivalents-2,618.0
−Short-term Investments-
+Total Preferred-
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest-
+Pension Liabilities—
Enterprise Value116,402.5

Segment data

Revenue

by Products and services

  • Oil And Gas1100%

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