Canadian Natural Resources Limited (CNQ) — Financial statements
Income statement, balance sheet, and cash flow for Canadian Natural Resources Limited — annual and quarterly history with growth and margin analysis.
| Metric (CAD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 44,167↑23.9% | 35,656↓12.7% | 40,835↓17.6% | 49,530↑50.8% | 32,854 | |
| Cost of Revenue | 34,766↑92.3% | 18,077↓37.8% | 29,062↓12.6% | 33,270↑49.3% | 22,277 | |
| Gross Profit | 9,401↓46.5% | 17,579↑49.3% | 11,773↓27.6% | 16,260↑53.7% | 10,577 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 795↑58.1% | 503↓46.7% | 943↓22.6% | 1,219↑38.5% | 880 | |
| Selling & Marketing Expenses | 0.00↓100.0% | 279 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 795↑1.7% | 782↓17.1% | 943↓22.6% | 1,219↑38.5% | 880 | |
| Other Expenses | 380 | 0.00↓100.0% | 366↑30.2% | 281↑51.9% | 185 | |
| Operating Expenses | 1,175↑50.3% | 782↓40.3% | 1,309↓12.7% | 1,500↑40.8% | 1,065 | |
| Total Costs & Expenses | 35,941↑90.6% | 18,859↓37.9% | 30,371↓12.7% | 34,770↑49.0% | 23,342 | |
| Operating Results | ||||||
| Operating Income | 8,226↓51.0% | 16,797↑60.5% | 10,464↓29.1% | 14,760↑55.2% | 9,512 | |
| Depreciation & Amortization | 7,607↑16.2% | 6,546↑2.1% | 6,413↓12.8% | 7,353↑28.5% | 5,724 | |
| EBITDA | 21,887↑34.6% | 16,266↓5.8% | 17,269↓20.5% | 21,727↑32.7% | 16,378 | |
| EBIT | 14,280↑46.9% | 9,720↓10.5% | 10,856↓24.5% | 14,374↑34.9% | 10,654 | |
| Interest & Other Income | ||||||
| Net Interest Income | -834↓40.9% | -592↑6.9% | -636↓15.8% | -549↑22.8% | -711 | |
| Interest Income | 205↑153.1% | 81↑47.3% | 55↓54.5% | 121↑278.1% | 32 | |
| Interest Expense | 1,039↑54.4% | 673↓2.6% | 691↑3.1% | 670↓9.8% | 743 | |
| Non-Operating Income | -6,054↓185.5% | 7,077↑1905.4% | -392↓201.6% | 386↑133.8% | -1,142 | |
| Other Income / Expenses | 5,015↑157.4% | -8,738↓2822.4% | -299↑71.7% | -1,056↓364.7% | 399 | |
| Income Before Tax | 13,241↑64.3% | 8,059↓20.7% | 10,165↓25.8% | 13,704↑38.3% | 9,911 | |
| Income Tax Expense | 2,421↑24.0% | 1,953↑1.1% | 1,932↓30.2% | 2,767↑23.1% | 2,247 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 10,820↑77.2% | 6,106↓25.8% | 8,233↓24.7% | 10,937↑42.7% | 7,664 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 10,820↑77.2% | 6,106↓25.8% | 8,233↓24.7% | 10,937↑42.7% | 7,664 | |
| Bottom-Line Net Income | 10,820↑77.2% | 6,106↓25.8% | 8,233↓24.7% | 10,937↑42.7% | 7,664 | |
| EPS (Basic) | 5.17↑80.1% | 2.87↓23.3% | 3.74↓22.4% | 4.82↑48.8% | 3.24 | |
| EPS (Diluted) | 5.16↑81.1% | 2.85↓23.8% | 3.74↓22.4% | 4.82↑48.8% | 3.24 | |
| Weighted Average Shares | 2,091↓2.4% | 2,142↓1.8% | 2,183↓3.8% | 2,270↓3.9% | 2,363 | |
| Weighted Average Diluted Shares | 2,098↓2.0% | 2,140↓2.9% | 2,204↓2.9% | 2,270↓3.9% | 2,363 | |
* All figures in Millions of CAD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.