Canadian Natural Resources Limited(CNQ) Stock Research - Grey Stern Research
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Canadian Natural Resources Limited (CNQ) Stock Analysis

$34.21 (1.88%)

CNQ Financial Performance


Use the table below to view Canadian Natural Resources Limited's financial profile. This data is gathers from the latest available financial statements. Annual data is taken from the trailing 12 months of statements. All numbers are reported in US Dollars and so any foreign currencies are converted to USD so comparison's can be done.

Based on Financial Statements from Q3 - 2024

Metric Value Ranking among Peers
Price $34.21 -
52 Week Low $29.46 -
52 Week High $41.29 -
Market Cap $72.2 Billion 2/12
Gross Margin 29% 11/12
Profit Margin 22% 4/12
EBITDA margin 44% 11/12
Q3 - 2024 Revenue $7.8 Billion 1/12
Q3 - 2024 Earnings $1.7 Billion 1/12
Q3 - 2024 Free Cash Flow $1.2 Billion 2/12
Trailing 4 Quarters Revenue $28.0 Billion 1/12
Trailing 4 Quarters Earnings $5.7 Billion 2/12
Quarterly Earnings Growth -3% 4/12
Annual Earnings Growth 13% 7/12
Quarterly Revenue Growth -12% 10/12
Annual Revenue Growth -3% 9/12
Cash On Hand $542.1 Million 2/12
Short Term Debt $1.2 Billion 2/12
Long Term Debt $6.3 Billion 2/12

Canadian Natural Resources Limited Financial Metrics


Financial metrics are a set of useful numbers that can give key performance indicators of a company. The various metrics can include information about profitability, growth, and debt load. When combined and use properly they can tell an analyst a compelling fact-based story of how the company is currently performing. To compare Canadian Natural Resources Limited's metrics versus it's peers make sure to run our peer analysis tool.

Valuation Metrics

Metric Value Ranking among Peers
PE 12.64 4/12
PS 3.43 3/12
PB 2.41 5/12
PC 133.14 6/12
Liabilities to Equity 0.88 6/12
ROA 0.08 6/12
ROE 0.14 7/12
Current Ratio 2.13 8/12
Quick Ratio 0.02 6/12
Long Term Debt to Equity 0.21 9/12
Debt to Equity 0.25 9/12
Burn Rate -0.75 9/12
Cash to Cap 0.01 4/12
CCR 0.73 5/12
EV to EBITDA 13.94 7/12
EV to Revenue 2.27 8/12

Company Details

Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids (NGLs). The company offers synthetic crude oil (SCO), light and medium crude oil, bitumen (thermal oil), primary heavy crude oil, and Pelican Lake heavy crude oil. Its midstream and refining assets include two crude oil pipeline systems; and a 50% working interest in an 84-megawatt cogeneration plant at Primrose. As of December 31, 2020, the company had total proved crude oil, bitumen, and NGLs reserves were 10,528 million barrels (MMbbl); total proved plus probable crude oil, bitumen, and NGLs reserves were 13,271 MMbbl; proved SCO reserves were 6,998 MMbbl; total proved plus probable SCO reserves were 7,535 MMbbl; proved natural gas reserves were 12,168 billion cubic feet (Bcf); and total proved plus probable natural gas reserves were 20,249 Bcf. It operates primarily in Western Canada; the United Kingdom portion of the North Sea; and Offshore Africa. The company was formerly known as AEX Minerals Corporation and changed its name to Canadian Natural Resources Limited in December 1975. Canadian Natural Resources Limited was incorporated in 1973 and is headquartered in Calgary, Canada.

CEO: Steve W. Laut

Website: https://www.cnrl.com

Address: 2100, 855-2 Street Sw Calgary, ALBERTA

Exchange: New York Stock Exchange

Industry: Oil & Gas E&P

Canadian Natural Resources Limited Peer Analysis


A useful and more reliable way of seeing the health of a company is to compare it to other companies operating in the same sector. Below is our list of companies which we rank are the closest peers to Canadian Natural Resources Limited. If you feel that peers should be added or removed from this list please contact us. To run an in-depth peer analysis which compares many financial metrics click on the link below.

Stock Ticker Market Cap
Marathon Oil Corporation MRO $16.0 Billion
Devon Energy Corporation DVN $24.7 Billion
EOG Resources, Inc. EOG $74.1 Billion
Antero Resources Corporation AR $10.0 Billion
Pioneer Natural Resources Company PXD $63.0 Billion
Diamondback Energy, Inc. FANG $51.3 Billion
Crescent Point Energy Corp. CPG $5.3 Billion
Enerplus Corporation ERF $4.1 Billion
Vermilion Energy Inc. VET $1.6 Billion
Ovintiv Inc. OVV $11.5 Billion
Ranger Oil Corporation ROCC $712.3 Million
Run Peer Analysis
Income Statement
Balance Sheet
Cash Flow Statement
CNQ Income Statements
Quarter Year Revenue Earnings
Q3 2024 C$ 10.4 Billion C$2.3 Billion
Q2 2024 C$ 9.1 Billion C$1.7 Billion
Q1 2024 C$ 8.2 Billion C$987.0 Million
Q4 2023 C$ 9.6 Billion C$2.6 Billion
Q3 2023 C$ 11.8 Billion C$2.3 Billion
Q2 2023 C$ 8.8 Billion C$1.5 Billion
Q1 2023 C$ 9.5 Billion C$1.8 Billion
Q4 2022 C$ 11.0 Billion C$1.5 Billion

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CNQ Balance Sheets
Quarter Year Cash & Equivalents Total Assets Total Debt Total Equity
Q3 2024 C$721.0 Million C$75.1 Billion C$10.0 Billion C$39.9 Billion
Q2 2024 C$915.0 Million C$75.9 Billion C$11.7 Billion C$39.5 Billion
Q1 2024 C$767.0 Million C$76.0 Billion C$12.6 Billion C$39.5 Billion
Q4 2023 C$877.0 Million C$76.0 Billion C$12.4 Billion C$39.8 Billion
Q3 2023 C$125.0 Million C$76.3 Billion C$11.6 Billion C$39.6 Billion
Q2 2023 C$122.0 Million C$75.2 Billion C$12.2 Billion C$38.6 Billion
Q1 2023 $92.0 Million $75.3 Billion $12.0 Billion $38.6 Billion
Q4 2022 C$920.0 Million C$76.1 Billion C$11.4 Billion C$38.2 Billion

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CNQ Cash Flow Statements
Quarter Year freeCashFlow capitalExpenditure netChangeInCash
Q3 2024 C$1.7 Billion -C$1.3 Billion -C$194.0 Million
Q2 2024 C$2.5 Billion -C$1.6 Billion C$148.0 Million
Q1 2024 C$1.8 Billion -C$1.1 Billion -C$110.0 Million
Q4 2023 C$3.8 Billion -C$975.0 Million C$752.0 Million
Q3 2023 C$2.4 Billion -C$1.1 Billion C$3.0 Million
Q2 2023 C$1.2 Billion -C$1.6 Billion C$30.0 Million
Q1 2023 C$66.0 Million -C$1.2 Billion -C$828.0 Million
Q4 2022 C$3.3 Billion -C$1.2 Billion C$355.0 Million

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