Wall Street analyst estimates for Canadian Natural Resources Limited (CNQ): consensus price target, buy/hold/sell recommendations and forecasts for revenue, EPS and EBITDA for the upcoming fiscal years.
Canadian Natural Resources Limited (CNQ) is an integrated energy enterprise engaged across the full spectrum of upstream and downstream activities related to crude oil, natural gas, and natural gas liquids (NGLs), encompassing acquisition, exploration, development, production, marketing, and sales.
Recent Earnings Surprises
| Date | EPS Actual | EPS Est. | vs Est. |
|---|---|---|---|
| 2026-11-05 | $1.03 | ||
| 2026-08-06 | $1.53 | $1.43 | +7.0% |
| 2026-05-07 | $0.85 | $0.74 | +14.9% |
| 2026-03-05 | $0.59 | $0.53 | +11.3% |
| 2025-11-06 | $0.62 | $0.54 | +14.8% |
| 2025-08-07 | $0.51 | $0.44 | +15.9% |
| 2025-05-08 | $0.81 | $0.73 | +11.0% |
| 2025-03-06 | $0.66 | $0.69 | -4.3% |
Valuation Ratios
| P/E Ratio | 12.21 |
| Price / Book | 3.07 |
| EV / EBITDA | 5.31 |
| Dividend Yield | 3.56% |
Income Statement (10y)
| Year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 11.10B CAD | 17.67B CAD | 22.28B CAD | 22.87B CAD | 17.49B CAD | 32.85B CAD | 49.53B CAD | 40.84B CAD | 35.66B CAD | 44.17B CAD |
| Cost of Revenue | 11.54B CAD | 14.72B CAD | 17.07B CAD | 10.98B CAD | 17.42B CAD | 22.28B CAD | 33.27B CAD | 29.06B CAD | 18.08B CAD | 34.77B CAD |
| Gross Profit | -437.0M CAD | 2.95B CAD | 5.21B CAD | 11.89B CAD | 69.0M CAD | 10.58B CAD | 16.26B CAD | 11.77B CAD | 17.58B CAD | 9.40B CAD |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Selling, General & Admin | 700.0M CAD | 453.0M CAD | 179.0M CAD | 567.0M CAD | 309.0M CAD | 880.0M CAD | 1.22B CAD | 943.0M CAD | 782.0M CAD | 795.0M CAD |
| Operating Expenses | 842.0M CAD | 2.95B CAD | 5.21B CAD | 567.0M CAD | 69.0M CAD | 1.06B CAD | 1.50B CAD | 1.31B CAD | 782.0M CAD | 1.18B CAD |
| Operating Income | -1.28B CAD | 2.33B CAD | 4.85B CAD | 11.33B CAD | 0 | 9.51B CAD | 14.76B CAD | 10.46B CAD | 16.80B CAD | 8.23B CAD |
| EBITDA | 4.36B CAD | 7.73B CAD | 9.67B CAD | 11.28B CAD | 6.00B CAD | 16.38B CAD | 21.73B CAD | 17.27B CAD | 16.27B CAD | 21.89B CAD |
| Interest Expense | 431.0M CAD | 728.0M CAD | 798.0M CAD | 912.0M CAD | 828.0M CAD | 743.0M CAD | 670.0M CAD | 691.0M CAD | 673.0M CAD | 1.04B CAD |
| Pre-tax Income | -1.06B CAD | 2.87B CAD | 3.52B CAD | 5.88B CAD | -873.0M CAD | 9.91B CAD | 13.70B CAD | 10.16B CAD | 8.06B CAD | 13.24B CAD |
| Income Tax | -859.0M CAD | 476.0M CAD | 931.0M CAD | 460.0M CAD | -438.0M CAD | 2.25B CAD | 2.77B CAD | 1.93B CAD | 1.95B CAD | 2.42B CAD |
| Net Income | -204.0M CAD | 2.40B CAD | 2.59B CAD | 5.42B CAD | -435.0M CAD | 7.66B CAD | 10.94B CAD | 8.23B CAD | 6.11B CAD | 10.82B CAD |
| EPS | $-0.10 | $1.02 | $1.06 | $2.27 | $-0.18 | $3.24 | $4.82 | $3.74 | $2.85 | $5.17 |
| EPS (Diluted) | $-0.10 | $1.02 | $1.06 | $2.27 | $-0.18 | $3.24 | $4.82 | $3.74 | $2.85 | $5.16 |
| Shares Outstanding (Diluted) | 2.20B CAD | 2.37B CAD | 2.44B CAD | 2.38B CAD | 2.36B CAD | 2.36B CAD | 2.27B CAD | 2.20B CAD | 2.14B CAD | 2.10B CAD |
Price
| Price | $48.31 |
| Market Cap | $100.8B |
| Exchange | NYSE |
| Country | CA |
Related companies: EOG · EPD · EQNR · ET · FANG · KMI · MPLX
Explore sector: Energy · Oil & Gas Exploration & Production
More sections of CNQ: Overview · Financials · Valuation · Statistics · Technical · Ownership · News · Events
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