Canadian Natural Resources Limited (CNQ) Earnings History
Annual and quarterly earnings data from 1993 to 2024
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EPS Growth Rates (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2024 | 49.3% | 47.1% | 17.1% |
| 2023 | 28.8% | 25.6% | 20.2% |
| 2022 | 32.8% | 29.8% | 22.1% |
| 2021 | 32.2% | 29.0% | 23.3% |
| 2020 | 0.4% | - | -2.5% |
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Canadian Natural Resources Limited (CNQ) Earnings Overview
As of March 1, 2026, Canadian Natural Resources Limited (CNQ) reported trailing twelve-month net income of $6.66B, reflecting -0.2% year-over-year growth. The company earned $3.22 per diluted share over the past four quarters, with a net profit margin of 0.2%.
Looking at the long-term picture, CNQ's 5-year EPS compound annual growth rate (CAGR) stands at +4.7%, reflecting modest earnings expansion. The company achieved its highest annual net income of $10.94B in fiscal 2022.
Canadian Natural Resources Limited maintains positive profitability with a gross margin of 0.5%, operating margin of 0.5%, and net margin of 0.2%. The company continues to generate positive earnings from operations. View revenue history →
Compared to industry peers including BTE ($215M net income, 0.1% margin), GFR ($202M net income, 0.2% margin), OBE (-$237M net income, -0.2% margin), CNQ has outperformed on profitability metrics. Compare CNQ vs BTE →
Peer Comparison
Earnings metrics vs industry competitors
Historical Data
32 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 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% | - |
| 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% |
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Start ComparisonFrequently Asked Questions
Is CNQ growing earnings?
CNQ EPS of $3.22 reflects slowing growth at -0.2%, below the 5-year CAGR of +4.7%. TTM net income is $6.7B. Expansion rate has moderated.
What are CNQ's profit margins?
Canadian Natural Resources Limited net margin is +0.2%, with operating margin at +0.5%. Below-average margins reflect competitive or cost pressures.
How consistent are CNQ's earnings?
CNQ earnings data spans 1993-2024. The current earnings trend is -0.2% YoY. Historical data enables comparison across business cycles.