Canadian Natural Resources Limited (CNQ) Earnings History
Profitable33 years of earnings data (1993–2025) · Positive TTM net income
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Canadian Natural Resources Limited (CNQ) Earnings Overview
As of October 3, 2026, Canadian Natural Resources Limited (CNQ) reported trailing twelve-month net income of $11.76B, reflecting +81.1% year-over-year growth. The company earned $5.63 per diluted share over the past four quarters, with a net profit margin of 24.5%.
Looking at the long-term picture, CNQ's historical earnings data spans multiple years. The company achieved its highest annual net income of $10.94B in fiscal 2022.
Canadian Natural Resources Limited maintains industry-leading profitability with a gross margin of 21.3%, operating margin of 18.6%, and net margin of 24.5%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including CVE ($6.66B net income, 7.9% margin), SU ($8.93B net income, 12.1% margin), IMO ($4.38B net income, 6.9% margin), CNQ has outperformed on profitability metrics. Compare CNQ vs CVE →
CNQ Earnings vs Peers
Earnings metrics vs comparable public companies
CNQ Historical Earnings Data (1993–2025)
33 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $10.82B | +77.2% | $8.23B | $5.16 | 24.5% | 18.6% |
| 2024 | $6.11B | -25.8% | $16.80B | $2.85 | 17.1% | 47.1% |
| 2023 | $8.23B | -24.7% | $10.46B | $3.74 | 20.2% | 25.6% |
| 2022 | $10.94B | +42.7% | $14.76B | $4.82 | 22.1% | 29.8% |
| 2021 | $7.66B | +1861.8% | $9.51B | $3.24 | 23.3% | 29.0% |
| 2020 | -$435M | -108.0% | $0 | $-0.18 | -2.5% | 0.0% |
| 2019 | $5.42B | +109.0% | $11.33B | $2.27 | 23.7% | 49.5% |
| 2018 | $2.59B | +8.1% | $4.85B | $1.06 | 11.6% | 21.8% |
| 2017 | $2.40B | +1275.0% | $2.33B | $1.02 | 13.6% | 13.2% |
| 2016 | -$204M | +68.0% | -$1.28B | $-0.10 | -1.8% | -11.5% |
| 2015 | -$637M | -116.2% | -$742M | $-0.29 | -4.8% | -5.6% |
| 2014 | $3.93B | +73.1% | $4.86B | $1.80 | 18.4% | 22.8% |
| 2013 | $2.27B | +20.0% | $3.16B | $1.04 | 12.6% | 17.6% |
| 2012 | $1.89B | -28.4% | $3.05B | $0.86 | 11.7% | 18.9% |
| 2011 | $2.64B | +58.0% | $4.32B | $1.21 | 17.0% | 27.9% |
| 2010 | $1.67B | +5.9% | $3.02B | $0.78 | 11.7% | 21.1% |
| 2009 | $1.58B | -68.3% | $2.48B | $0.73 | 14.3% | 22.3% |
| 2008 | $4.99B | +91.1% | $6.71B | $2.31 | 30.8% | 41.5% |
| 2007 | $2.61B | +3.3% | $2.34B | $1.21 | 20.8% | 18.6% |
| 2006 | $2.52B | +140.4% | $4.04B | $1.18 | 21.7% | 34.7% |
| 2005 | $1.05B | -25.3% | $3.66B | $0.49 | 9.4% | 32.9% |
| 2004 | $1.41B | +0.2% | $2.58B | $0.66 | 18.6% | 34.1% |
| 2003 | $1.40B | +160.6% | $1.67B | $0.44 | 23.5% | 28.0% |
| 2002 | $538M | -17.9% | $1.11B | $0.15 | 13.2% | 27.2% |
| 2001 | $656M | -15.1% | $1.21B | $0.18 | 18.4% | 34.1% |
| 2000 | $772M | +286.8% | $1.46B | $0.21 | 24.0% | 45.4% |
| 1999 | $200M | +239.4% | $447M | $0.06 | 15.5% | 34.7% |
| 1998 | $59M | -47.2% | $203M | $0.02 | 6.7% | 23.1% |
| 1997 | $112M | +17.4% | $262M | $0.04 | 12.1% | 28.4% |
| 1996 | $95M | +124.1% | $317M | $0.04 | 14.9% | 49.7% |
| 1995 | $42M | -21.8% | $131M | $0.02 | 15.1% | 46.4% |
| 1994 | $54M | +58.0% | $148M | $0.03 | 20.9% | 57.1% |
| 1993 | $34M | - | $89M | $0.02 | 21.7% | 56.4% |
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CNQ — Frequently Asked Questions
Quick answers to the most common questions about buying CNQ stock.
What is CNQ earnings per share (EPS)?
CNQ trailing twelve-month (TTM) diluted EPS is $5.63, reflecting +81.1% year-over-year growth. The 5-year EPS CAGR is N/A. Complete EPS history from 1993 to 2025 is available in the table on this page.
What is Canadian Natural Resources Limited's net income?
Canadian Natural Resources Limited (CNQ) trailing twelve-month net income is $11.8B as of 2025. Earnings grew +81.1% year-over-year. Canadian Natural Resources Limited has been profitable for 5 consecutive years.
Is CNQ profitable?
Yes, CNQ is profitable with a TTM net income of $11.8B and a net profit margin of +24.5%. Canadian Natural Resources Limited has generated profits for 5 consecutive years.
What is CNQ's earnings growth rate?
CNQ compound annual EPS growth rates (CAGR): 1-Year: +81.1%, 3-Year: +2.3%, 5-Year: N/A, 10-Year: N/A. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 1993 to 2025.
What are CNQ's profit margins?
Canadian Natural Resources Limited net profit margin is +24.5%, operating margin is +18.6%, and gross margin is +21.3%. Above-average net margins reflect strong pricing power and competitive moat. Return on Equity is +25.8%.
Is CNQ growing earnings?
Yes, CNQ earnings are accelerating — EPS growth of +81.1% exceeds the 5-year CAGR of N/A. TTM net income reached $11.8B. Earnings momentum is strengthening.
What was CNQ's best earnings year?
Canadian Natural Resources Limited's highest annual net income on record is $10.9B, achieved in fiscal year 2022. Earnings history on this page spans 1993 to 2025 and includes all annual and quarterly figures.
What were CNQ's earnings last quarter?
CNQ's most recent reported quarter was Q2 2026. Net income was $4.5B with diluted EPS of $2.15. For a full breakdown of all quarters, see the quarterly earnings table on this page.