your badges 52W Range $30–$52 83% of range Analyst Rating HOLD 26 analysts Price Target $48 P/E 6.6 ROE 25.8% Net Profit Margin 27.9%

CNQ Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

03
Price $48.44
P/E 6.6
EPS $5.16
Revenue $38.76B
ROE 25.8%
52W Range $30–$52

CNQ Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

04
range
bars

Bar granularity adapts to the selected period — hover the chart to see open/high/low/close for a bar.

Stock splits 5
Ex-date Split Type
June 11, 2024 2-for-1 Forward
Aug. 22, 2022 1021-for-1000 Forward
June 1, 2010 2-for-1 Forward
May 31, 2005 2-for-1 Forward
June 1, 2004 2-for-1 Forward

10-Year Performance Revenue, net income, margins and EPS trends

06
Revenue$38.76B
2016-12-31 → 2025-12-31
EPS$5.16
2016-12-31 → 2025-12-31
Free Cash Flow·
2017-12-31 → 2018-12-31
Net margin27.9%
2017-12-31 → 2025-12-31
Valuation & Ratios 07–12

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric 5Y trend CNQ 5Y avg Peer Median Verdict
P/E 6.65Y avg ≈7.0 ≈7.0 · ·

Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.

value · ≈ 5Y avg · industry median · verdict relative to median

Dividends Yield, payout ratio, dividend history, 5Y CAGR

13
Payout Ratio45.0%
Annualized Payout≈$1.81Paid quarterly
Growth Streak≈10Consecutive years of dividend growth
Ex-dateAmountCurrencyYield
Sep 11, 2026$0.45USD≈2.7%
Jun 23, 2026$0.44USD≈2.2%
Mar 20, 2026$0.46USD≈1.8%
Jun 13, 2025$0.43USD≈4.8%
Mar 21, 2025$0.41USD≈5.2%
Dec 13, 2024$0.39USD≈4.9%
Sep 13, 2024$0.39USD≈4.8%
Jun 17, 2024$0.38USD≈4.4%
Mar 14, 2024$0.39USD≈3.9%
Dec 7, 2023$0.37USD≈4.5%
Sep 14, 2023$0.33USD≈4.1%
Jun 15, 2023$0.34USD≈6.6%
Mar 16, 2023$0.33USD≈7.0%
Dec 15, 2022$0.31USD≈6.4%
Sep 15, 2022$0.29USD≈6.8%
Aug 22, 2022$0.58USD≈5.7%
Jun 16, 2022$0.29USD≈3.6%
Mar 17, 2022$0.29USD≈3.0%
Dec 9, 2021$0.23USD≈3.9%
Sep 16, 2021$0.18USD≈4.2%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

14
Avg Surprise 11.4%
PeriodReportEPS ActualEPS EstSurprise
June 30, 2026 $2.19 $1.92 14.0%
March 31, 2026 $1.17 $1.02 14.7%
Dec. 31, 2025 $0.82 $0.70 17.4%
Sept. 30, 2025 $0.86 $0.86 -0.27%
June 30, 2025 $0.71 $0.63 12.9%
March 31, 2025 $1.16 $1.06 9.4%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

15
Income Statement 11
Metric Trend 2025202420232022202120202019201820172016
Revenue $38.76B$35.66B$35.97B$42.30B$30.06B$16.89B$22.87B$21.03B$17.34B$11.43B
Interest Expense $1.04B$673M$691M$670M$743M$828M$912M$798M$728M$431M
Interest Income $205M$81M$55M$121M$32M$72M$76M$59M$97M$48M
Pretax Income $13.24B$8.06B$10.16B$13.70B$9.91B$-873M$4.96B$3.52B$2.87B$-1.06B
Income Tax $2.42B$1.95B$1.93B$2.77B$2.25B$-438M$-460M$931M$476M$-859M
Net Income $10.82B$6.11B$8.23B$10.94B$7.66B$-435M$5.42B$2.59B$2.40B$-204M
EPS (Basic) $5.17$2.87$3.77$4.82$6.49$-0.37$4.55$2.13$2.04$-0.19
EPS (Diluted) $5.16$2.85$3.74$4.76$6.46$-0.37$4.54$2.12$2.03$-0.19
Shares (Basic) 2,091,134,0002,125,804,0002,182,623,0002,269,919,0001,181,250,0001,181,768,0001,190,977,0001,218,798,0001,175,094,0001,100,471,000
Shares (Diluted) 2,097,906,0002,140,429,0002,204,248,0002,298,363,0001,186,557,0001,181,768,0001,193,106,0001,223,758,0001,182,823,0001,100,471,000
EBITDA $9.38B$6.68B$6.41B$7.35B$5.72B$6.05B$5.55B$5.16B$5.19B·
Balance Sheet 9
Metric Trend 2025202420232022202120202019201820172016
Cash & Equivalents $673M$131M$877M$920M$744M$184M$139M$101M$137M$17M
Inventory $2.62B$2.79B$2.03B$1.81B$1.55B$1.06B$1.15B$955M$894M$689M
Current Assets $7.66B$7.41B$7.17B$7.06B$5.94B$4.36B$4.49B$3.02B$4.90B$4.34B
PP&E (Net) $77.64B$73.41B$64.58B$64.86B$66.40B$65.75B$68.04B$64.56B$65.17B$50.91B
Total Assets $91.83B$85.36B$75.95B$76.14B$76.67B$75.28B$78.12B$71.56B$73.87B$58.65B
Current Liabilities $8.06B$9.63B$7.43B$8.65B$7.42B$5.08B$6.64B$4.76B$6.26B$5.09B
Total Liabilities $47.46B$45.89B$36.12B$37.97B$39.72B$42.90B$43.13B$39.59B$42.21B$32.38B
Retained Earnings $32.73B$28.10B$28.95B$27.67B$26.78B$22.77B$25.42B$22.53B$22.61B$21.53B
Stockholders' Equity $44.37B$39.47B$39.83B$38.17B$36.95B$32.38B$34.99B$31.97B$31.65B$26.27B
Cash Flow 9
Metric Trend 2025202420232022202120202019201820172016
D&A $9.38B$6.68B$6.41B$7.35B$5.72B$6.05B$5.55B$5.16B$5.19B$4.86B
Other Non-cash $-5.10B$599M$-2.29B$1.10B$1.09B$-897M$-2.13B$2.37B$-321M·
Operating Cash Flow $15.11B$13.39B$12.35B$19.39B$14.48B$4.71B$8.83B$10.12B$7.26B$3.45B
CapEx ·······$4.17B$4.57B$4.15B
Investing Cash Flow $-6.69B$-14.10B$-4.86B$-4.99B$-3.70B$-2.82B$-7.25B$-4.81B$-13.10B$-3.81B
Dividends Paid $4.87B$4.43B$3.89B$4.93B$2.17B$1.95B$1.74B$1.56B$1.25B$758M
Financing Cash Flow $-7.88B$-37M$-7.54B$-14.23B$-10.21B$-1.85B$-1.54B$-5.34B$5.96B$307M
Free Cash Flow ·······$5.95B$2.69B·
Levered FCF ·······$5.36B$2.08B·
Profitability 5
Metric Trend 2025202420232022202120202019201820172016
Net Margin 27.9%17.1%22.9%25.9%25.5%-2.6%23.7%12.3%14.4%·
Pretax Margin 34.2%22.6%28.3%32.4%33.0%-5.2%21.7%16.8%17.2%·
EBITDA Margin 24.2%18.7%17.8%17.4%19.0%35.8%24.2%24.5%31.1%·
ROA 12.2%7.6%10.8%14.3%10.1%-0.57%7.2%3.6%3.6%·
ROE 25.8%15.4%21.1%29.1%22.1%-1.3%16.2%8.1%8.3%·
Liquidity & Solvency 2
Metric Trend 2025202420232022202120202019201820172016
Current Ratio 1.00.81.00.80.80.90.70.60.8·
Quick Ratio 0.10.00.10.10.10.00.00.00.0·
Efficiency 1
Metric Trend 2025202420232022202120202019201820172016
Asset Turnover 0.40.40.50.60.40.20.30.30.3·
Per Share 3
Metric Trend 2025202420232022202120202019201820172016
Revenue / Share $18.48$16.66$32.64$36.81$25.33$14.29$19.17$17.18$14.08·
Cash Flow / Share $7.20$6.25$11.21$16.87$12.20$3.99$7.40$8.27$6.14·
EPS (TTM) $5.16$2.85$3.74$4.76$6.46$-0.37$4.54$2.12$2.03·
Valuation (TTM) 6
Metric Trend 2025202420232022202120202019201820172016
Revenue TTM $38.76B$35.66B$35.97B$42.30B$30.06B$16.89B$22.87B$21.03B$17.34B·
Net Income TTM $10.82B$6.11B$8.23B$10.94B$7.66B$-435M$5.42B$2.59B$2.40B·
P/E 6.610.88.85.83.2-31.83.55.68.6·
Earnings Yield 15.2%9.2%11.4%17.1%31.2%-3.1%28.7%17.9%11.6%·
Payout Ratio 45.0%72.5%47.3%45.0%28.3%-448.3%32.2%60.3%52.2%·
Annual Payout $4.87B$4.43B$3.89B$4.93B$2.17B$1.95B$1.74B$1.56B$1.25B·

Most recent period on the left · null values shown as ·

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

16
Metric 2025-12-312024-12-312023-12-312022-12-312021-12-31
Revenue $38.76B $35.66B $35.97B $42.30B $30.06B
Net Income $10.82B $6.11B $8.23B $10.94B $7.66B
Diluted EPS $5.16 $2.85 $3.74 $4.76 $6.46

Institutional owners (13F) 831 filers · $61.6B total · As of Sept. 30, 2026

17

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Holders 831
Value held $61.6B
New positions 100
Exited positions 79
Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
100 (-61 vs prior Q) 79 (+19 vs prior Q) 299 (+31 vs prior Q) 257 (+20 vs prior Q) -79.0M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
Capital World Investors $8,622,757,687 217,960,835 13.99% Shares
ROYAL BANK OF CANADA $5,435,458,000 137,606,544 8.82% Shares
Capital Research Global Investors $4,592,003,680 116,067,730 7.45% Shares
VANGUARD GROUP INC $3,160,340,361 93,305,198 5.13% Shares
BANK OF MONTREAL /CAN/ $2,561,167,216 64,790,046 4.16% Shares
FMR LLC $2,542,094,737 64,243,259 4.13% Shares
VANGUARD CAPITAL MANAGEMENT LLC $2,325,804,544 58,776,966 3.77% Shares
GOLDMAN SACHS GROUP INC $2,007,043,737 50,811,234 3.26% Shares
CANADA PENSION PLAN INVESTMENT BOARD $1,527,299,535 38,636,215 2.48% Shares
MACKENZIE FINANCIAL CORP $1,526,237,275 27,195,960 2.48% Shares
TD Asset Management Inc $1,232,882,806 31,168,077 2.00% Shares
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND $1,217,324,869 30,793,200 1.98% Shares
CIBC WORLD MARKET INC. $1,200,722,369 30,371,087 1.95% Shares
1832 Asset Management L.P. $1,111,297,819 28,134,122 1.80% Shares
MANUFACTURERS LIFE INSURANCE COMPANY, THE $1,048,226,628 26,542,998 1.70% Shares
GEODE CAPITAL MANAGEMENT, LLC $983,098,477 24,141,192 1.60% Shares
NATIONAL BANK OF CANADA /FI/ $748,720,287 19,011,978 1.22% Shares
VANGUARD FIDUCIARY TRUST CO $716,402,425 18,104,686 1.16% Shares
CIBC Asset Management Inc $662,899,055 16,720,694 1.08% Shares
YACKTMAN ASSET MANAGEMENT LP $650,269,066 16,462,508 1.06% Shares
JPMORGAN CHASE & CO $646,885,821 16,456,010 1.05% Shares
TD Waterhouse Canada Inc. $634,507,346 16,236,328 1.03% Shares
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP $629,365,415 15,929,234 1.02% Shares
Vanguard Global Advisers, LLC $629,009,508 15,896,121 1.02% Shares
MORGAN STANLEY $592,627,339 15,003,222 0.96% Shares
TORONTO DOMINION BANK $539,692,841 13,653,797 0.88% Shares
JANE STREET GROUP, LLC $406,258,132 10,285,016 0.66% Shares
BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp $396,653,563 10,034,176 0.64% Shares
WELLINGTON MANAGEMENT GROUP LLP $389,110,017 9,848,227 0.63% Shares
SCOTIA CAPITAL INC. $388,229,942 9,812,156 0.63% Shares
BANK OF NOVA SCOTIA $387,690,363 9,798,316 0.63% Shares
DIMENSIONAL FUND ADVISORS LP $383,460,344 9,708,157 0.62% Shares
Blue Sparrow, LLC /DE $355,500,000 9,000,000 0.58% Shares
ROYAL BANK OF CANADA $331,445,000 8,391,000 0.54% Put option
Amundi $325,425,965 8,238,632 0.53% Shares
CHARLES SCHWAB INVESTMENT MANAGEMENT INC $302,965,711 7,659,170 0.49% Shares
FRANKLIN RESOURCES INC $300,958,913 7,613,910 0.49% Shares
Capital International Investors $292,384,798 7,389,109 0.47% Shares
OMERS ADMINISTRATION Corp $279,010,484 7,053,566 0.45% Shares
Swiss National Bank $265,996,411 6,741,862 0.43% Shares
MUFG SECURITIES (CANADA), LTD. $250,892,172 6,350,644 0.41% Shares
Legal & General Group Plc $238,989,996 6,041,888 0.39% Shares
WCM INVESTMENT MANAGEMENT, LLC $230,062,131 5,852,509 0.37% Shares
AQR CAPITAL MANAGEMENT LLC $221,883,636 5,613,183 0.36% Shares
JANUS HENDERSON GROUP PLC $209,461,633 4,301,460 0.34% Shares
Fiera Capital Corp $199,281,634 5,045,249 0.32% Shares
TWO SIGMA INVESTMENTS, LP $193,150,853 4,889,895 0.31% Shares
AGF MANAGEMENT LTD $184,267,250 4,393,486 0.30% Shares
Connor, Clark & Lunn Investment Management Ltd. $180,537,698 4,567,458 0.29% Shares
VANGUARD ASSET MANAGEMENT, Ltd $175,060,529 4,424,072 0.28% Shares

Show all 831 institutional owners →

Activists & 5%+ owners 1 position

18

Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.

Filer Filed Stake Status Purpose Filing
Royal Dutch Shell plc, Shell Petroleum N.V., Shell Gas B.V. ×2 filings May 8, 2018 · Initial filing · SEC

Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.

ETF ownership Held by 53 ETFs

20

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
EWC · iShares, Inc. 3.42% 4,596,353 SH Sept. 11, 2026 Daily
BBCA · J.P. Morgan Exchange-Traded Fund Tr… 3.19% 7,265,252 NS July 31, 2026 N-PORT
FIDI · Fidelity Covington Trust 2.82% 214,550 NS July 31, 2026 N-PORT
IXC · iShares Trust 2.72% 1,587,184 SH Sept. 11, 2026 Daily
IGE · iShares Trust 2.58% 407,458 SH Sept. 11, 2026 Daily
ABLD · Abacus FCF ETF Trust 2.24% 43,682 NS July 31, 2026 N-PORT
GCOW · Pacer Funds Trust 2.00% 1,443,370 NS July 31, 2026 N-PORT
PID · Invesco Exchange-Traded Fund Trust 2.00% 353,358 SH Oct. 1, 2026 Daily
GUNR · FlexShares Trust 1.46% 2,219,571 NS July 31, 2026 N-PORT
FDEV · Fidelity Covington Trust 1.31% 77,675 NS July 31, 2026 N-PORT
VRAI · ETFis Series Trust I 1.21% 4,724 NS July 31, 2026 N-PORT
FFGX · Fidelity Covington Trust 1.19% 13,560 NS July 31, 2026 N-PORT
FIVA · Fidelity Covington Trust 1.16% 142,752 NS July 31, 2026 N-PORT
IQLT · iShares Trust 1.02% 2,783,474 SH Sept. 11, 2026 Daily
RFDI · First Trust Exchange-Traded Fund III 0.98% 34,023 NS July 31, 2026 N-PORT
IDMO · Invesco Exchange-Traded Fund Trust … 0.89% 808,710 SH Oct. 1, 2026 Daily
IMTM · iShares Trust 0.88% 752,045 SH Sept. 11, 2026 Daily
DIHP · Dimensional ETF Trust 0.86% 1,144,166 NS July 31, 2026 N-PORT
IQDF · FlexShares Trust 0.67% 163,020 NS July 31, 2026 N-PORT
IQDY · FlexShares Trust 0.67% 15,574 NS July 31, 2026 N-PORT
FFDI · Fidelity Covington Trust 0.64% 2,613 NS July 31, 2026 N-PORT
JIVE · J.P. Morgan Exchange-Traded Fund Tr… 0.61% 444,585 NS July 31, 2026 N-PORT
CCNR · Financial Investors Trust 0.60% 53,621 NS July 31, 2026 N-PORT
EIPX · First Trust Exchange-Traded Fund IV 0.58% 68,220 NS July 31, 2026 N-PORT
FTLS · First Trust Exchange-Traded Fund III 0.55% 287,707 NS July 31, 2026 N-PORT
SPWO · SP Funds Trust 0.50% 21,026 NS July 31, 2026 N-PORT
FFLV · FIDELITY COVINGTON TRUST 0.50% 1,722 NS July 31, 2026 N-PORT
VYMI · VANGUARD WHITEHALL FUNDS 0.44% 2,291,211 SH Aug. 19, 2026 Daily
DXIV · Dimensional ETF Trust 0.43% 18,497 NS July 31, 2026 N-PORT
PXF · Invesco Exchange-Traded Fund Trust … 0.43% 262,726 SH Oct. 1, 2026 Daily
PTIN · Pacer Funds Trust 0.42% 16,103 NS July 31, 2026 N-PORT
IMFL · Invesco Exchange-Traded Self-Indexe… 0.41% 92,305 SH Oct. 1, 2026 Daily
RODM · Lattice Strategies Trust 0.41% 139,447 NS July 31, 2026 N-PORT
DFAI · Dimensional ETF Trust 0.39% 1,416,637 NS July 31, 2026 N-PORT
BKIE · BNY Mellon ETF Trust 0.38% 103,958 NS July 31, 2026 N-PORT
IDEV · iShares Trust 0.36% 2,319,420 SH Sept. 11, 2026 Daily
DFIC · Dimensional ETF Trust 0.34% 1,052,584 NS July 31, 2026 N-PORT
INTF · iShares Trust 0.34% 248,924 SH Sept. 11, 2026 Daily
TLTD · FlexShares Trust 0.31% 42,933 NS July 31, 2026 N-PORT
ESLV · Strategy Shares 0.30% 897 NS July 31, 2026 N-PORT
ACWX · iShares Trust 0.28% 686,863 SH Sept. 11, 2026 Daily
VEA · VANGUARD TAX-MANAGED FUNDS 0.25% 19,964,189 SH Aug. 19, 2026 Daily
IXUS · iShares Trust 0.24% 2,867,826 SH Sept. 11, 2026 Daily
GLBL · Pacer Funds Trust 0.24% 55 NS July 31, 2026 N-PORT
DFAX · Dimensional ETF Trust 0.21% 534,407 NS July 31, 2026 N-PORT
VEU · VANGUARD INTERNATIONAL EQUITY INDEX… 0.20% 4,779,982 SH Aug. 19, 2026 Daily
VXUS · VANGUARD STAR FUNDS 0.18% 30,023,257 SH Aug. 19, 2026 Daily
TOK · iShares Trust 0.12% 5,726 SH Sept. 11, 2026 Daily
JFLI · J.P. Morgan Exchange-Traded Fund Tr… 0.12% 1,176 NS July 31, 2026 N-PORT
URTH · iShares, Inc. 0.12% 186,203 SH Sept. 11, 2026 Daily
VOXP · Advisors Series Trust 0.11% 129 NS July 31, 2026 N-PORT
ACWI · iShares Trust 0.10% 652,465 SH Sept. 11, 2026 Daily
VT · VANGUARD INTERNATIONAL EQUITY INDEX… 0.07% 1,713,742 SH Aug. 19, 2026 Daily

CNQ Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

21
rating · 26 analysts HOLD
Median target $45.97 -5.1%
1 3.8% Strong Buy
11 42.3% Buy
12 46.2% Hold
2 7.7% Sell
0 0.0% Strong Sell

12-Month Price Target

4 analysts · 2026-10-03

Mean target $48.25 -0.4%

Now Current price $48.44
Low$43.26 Mean$48.25 High$57.80

Latest News Recent headlines mentioning this company

23
Here is why Canadian Natural Resources Limited (CNQ) is among the Best Natural Gas Stocks to Buy for Transitional Power Yahoo Finance · 4 months, 1 week ago Canadian Natural Resources Q1 Earnings Call Highlights Yahoo Finance · 4 months, 3 weeks ago

My Metrics Your personal watchlist — selected rows from Full Fundamentals

26

Pick the metrics that matter to you — click the + next to any row in Full Fundamentals above.

Your selection is saved and follows you across all tickers.

Source: SEC 40-F filed Mar 26, 2026