Canadian Natural Resources Limited

TSX:CNQ Stock Report

Market Cap: CA$92.8b

Canadian Natural Resources Past Earnings Performance

Past criteria checks 4/6

Canadian Natural Resources has been growing earnings at an average annual rate of 24.7%, while the Oil and Gas industry saw earnings growing at 39.6% annually. Revenues have been growing at an average rate of 15.4% per year. Canadian Natural Resources's return on equity is 19%, and it has net margins of 21.3%.

Key information

24.7%

Earnings growth rate

26.6%

EPS growth rate

Oil and Gas Industry Growth42.1%
Revenue growth rate15.4%
Return on equity19.0%
Net Margin21.3%
Next Earnings Update06 Mar 2025

Recent past performance updates

Recent updates

Canadian Natural Resources Limited's (TSE:CNQ) Popularity With Investors Is Under Threat From Overpricing

Jan 04
Canadian Natural Resources Limited's (TSE:CNQ) Popularity With Investors Is Under Threat From Overpricing

These 4 Measures Indicate That Canadian Natural Resources (TSE:CNQ) Is Using Debt Reasonably Well

Nov 29
These 4 Measures Indicate That Canadian Natural Resources (TSE:CNQ) Is Using Debt Reasonably Well

Returns On Capital Are Showing Encouraging Signs At Canadian Natural Resources (TSE:CNQ)

Nov 12
Returns On Capital Are Showing Encouraging Signs At Canadian Natural Resources (TSE:CNQ)

Is There An Opportunity With Canadian Natural Resources Limited's (TSE:CNQ) 37% Undervaluation?

Aug 24
Is There An Opportunity With Canadian Natural Resources Limited's (TSE:CNQ) 37% Undervaluation?

Canadian Natural Resources Limited Just Missed EPS By 36%: Here's What Analysts Think Will Happen Next

May 04
Canadian Natural Resources Limited Just Missed EPS By 36%: Here's What Analysts Think Will Happen Next

Canadian Natural Resources Limited's (TSE:CNQ) Shares May Have Run Too Fast Too Soon

Apr 05
Canadian Natural Resources Limited's (TSE:CNQ) Shares May Have Run Too Fast Too Soon

Canadian Natural Resources' (TSE:CNQ) Dividend Will Be Increased To CA$1.05

Mar 05
Canadian Natural Resources' (TSE:CNQ) Dividend Will Be Increased To CA$1.05

Canadian Natural Resources Limited (TSE:CNQ) Annual Results Just Came Out: Here's What Analysts Are Forecasting For This Year

Mar 02
Canadian Natural Resources Limited (TSE:CNQ) Annual Results Just Came Out: Here's What Analysts Are Forecasting For This Year

Canadian Natural Resources Limited (TSE:CNQ) Shares Could Be 44% Below Their Intrinsic Value Estimate

Feb 25
Canadian Natural Resources Limited (TSE:CNQ) Shares Could Be 44% Below Their Intrinsic Value Estimate

We Like These Underlying Return On Capital Trends At Canadian Natural Resources (TSE:CNQ)

Feb 11
We Like These Underlying Return On Capital Trends At Canadian Natural Resources (TSE:CNQ)

Revenue & Expenses Breakdown

How Canadian Natural Resources makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

TSX:CNQ Revenue, expenses and earnings (CAD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 2435,7417,5957870
30 Jun 2436,7437,6731,1130
31 Mar 2435,5827,4211,1910
31 Dec 2335,9688,2339430
30 Sep 2336,1047,1261,1940
30 Jun 2336,6667,5968780
31 Mar 2340,2519,6357410
31 Dec 2242,29810,9371,2190
30 Sep 2241,82211,9511,0800
30 Jun 2239,07611,3391,1340
31 Mar 2234,1269,3881,3060
31 Dec 2130,0577,6648800
30 Sep 2125,8625,8798220
30 Jun 2122,6554,0857610
31 Mar 2119,0012,2246480
31 Dec 2016,893-4353090
30 Sep 2017,776-5873350
30 Jun 2019,432323540
31 Mar 2022,1233,1733200
31 Dec 1922,8715,4165670
30 Sep 1920,6724,0432540
30 Jun 1920,4114,8181440
31 Mar 1920,8012,9693180
31 Dec 1821,0272,5911790
30 Sep 1822,5283,7634170
30 Jun 1821,0952,6456120
31 Mar 1819,0542,7353320
31 Dec 1717,3422,3974530
30 Sep 1715,5972,5674000
30 Jun 1713,4661,5573690
31 Mar 1712,1071466110
31 Dec 1611,427-2047000
30 Sep 169,858-6397210
30 Jun 1610,637-4245710
31 Mar 1611,507-4903790
31 Dec 1512,363-6373440
30 Sep 1513,9544301510
30 Jun 1515,5521,5801100
31 Mar 1517,5013,0553680
31 Dec 1418,8633,9294330
30 Sep 1418,4263,1446350
30 Jun 1418,3733,2738000
31 Mar 1416,7862,6795530

Quality Earnings: CNQ has high quality earnings.

Growing Profit Margin: CNQ's current net profit margins (21.3%) are higher than last year (19.7%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: CNQ's earnings have grown significantly by 24.7% per year over the past 5 years.

Accelerating Growth: CNQ's earnings growth over the past year (6.6%) is below its 5-year average (24.7% per year).

Earnings vs Industry: CNQ earnings growth over the past year (6.6%) exceeded the Oil and Gas industry -21.1%.

Return on Equity

High ROE: CNQ's Return on Equity (19%) is considered low.

Return on Assets

Return on Capital Employed

Discover strong past performing companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/07 05:30
End of Day Share Price 2025/02/07 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Canadian Natural Resources Limited is covered by 53 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Harshit GuptaAccountability Research Corporation
Patrick O'RourkeATB Capital Markets
Thomas DriscollBarclays