See more : Manaris (2010) Corp. (AVNY) Income Statement Analysis – Financial Results
Complete financial analysis of Canadian Natural Resources Limited (CNQ) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Canadian Natural Resources Limited, a leading company in the Oil & Gas Exploration & Production industry within the Energy sector.
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Canadian Natural Resources Limited (CNQ)
About Canadian Natural Resources Limited
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.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 35.97B | 49.53B | 32.85B | 17.49B | 24.39B | 22.28B | 17.67B | 11.10B | 13.17B | 21.30B | 17.95B | 16.20B | 15.51B | 14.32B | 10.14B | 16.17B | 12.54B | 11.64B | 10.11B | 7.55B | 5.97B | 4.08B | 3.56B | 3.22B | 1.29B | 877.71M | 920.66M | 636.80M | 281.10M | 259.00M | 157.90M |
| Cost of Revenue | 17.78B | 33.27B | 22.28B | 17.42B | 18.05B | 17.07B | 14.72B | 11.54B | 13.39B | 15.82B | 14.14B | 12.94B | 7.71B | 6.65B | 4.21B | 6.40B | 3.58B | 4.64B | 3.30B | 2.66B | 2.34B | 1.53B | 1.31B | 1.04B | 439.81M | 329.72M | 357.40M | 129.90M | 63.90M | 51.30M | 30.90M |
| Gross Profit | 18.19B | 16.26B | 10.58B | 69.00M | 6.35B | 5.21B | 2.95B | -437.00M | -225.00M | 5.49B | 3.80B | 3.26B | 7.79B | 7.67B | 5.94B | 9.77B | 8.97B | 7.01B | 6.81B | 4.89B | 3.63B | 2.55B | 2.25B | 2.18B | 847.80M | 547.99M | 563.26M | 506.90M | 217.20M | 207.70M | 127.00M |
| Gross Profit Ratio | 50.56% | 32.83% | 32.19% | 0.39% | 26.03% | 23.40% | 16.71% | -3.94% | -1.71% | 25.75% | 21.20% | 20.13% | 50.26% | 53.56% | 58.54% | 60.41% | 71.50% | 60.18% | 67.36% | 64.74% | 60.76% | 62.41% | 63.16% | 67.75% | 65.84% | 62.43% | 61.18% | 79.60% | 77.27% | 80.19% | 80.43% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 452.00M | 1.22B | 880.00M | 309.00M | 567.00M | 179.00M | 453.00M | 700.00M | 344.00M | 433.00M | 470.00M | 56.00M | 133.00M | 504.00M | 1.27B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 491.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 943.00M | 1.22B | 880.00M | 309.00M | 567.00M | 179.00M | 453.00M | 700.00M | 344.00M | 433.00M | 470.00M | 56.00M | 133.00M | 504.00M | 1.27B | 179.70M | 3.53B | 319.20M | 874.52M | 374.37M | 287.26M | 61.38M | 38.20M | 26.99M | 17.36M | 18.58M | 12.87M | 7.70M | 4.30M | 2.80M | 3.00M |
| Other Expenses | 0.00 | 281.00M | 185.00M | 205.00M | 190.00M | 186.00M | 164.00M | 142.00M | 173.00M | 193.00M | 171.00M | 151.00M | 3.73B | 4.04B | 2.19B | 2.86B | 3.03B | 2.65B | 2.21B | 1.93B | 1.67B | 1.38B | 972.62M | 694.36M | 383.39M | 326.63M | 288.78M | 182.40M | 82.40M | 57.10M | 35.00M |
| Operating Expenses | 943.00M | 1.50B | 1.07B | 514.00M | 757.00M | 365.00M | 617.00M | 842.00M | 517.00M | 626.00M | 641.00M | 207.00M | 3.87B | 4.54B | 3.46B | 3.04B | 6.56B | 2.97B | 3.08B | 2.31B | 1.96B | 1.44B | 1.01B | 721.36M | 400.75M | 345.20M | 301.64M | 190.10M | 86.70M | 59.90M | 38.00M |
| Cost & Expenses | 18.73B | 34.77B | 23.34B | 17.94B | 18.80B | 17.43B | 15.33B | 12.38B | 13.91B | 16.44B | 14.78B | 13.14B | 11.58B | 11.19B | 7.67B | 9.45B | 10.14B | 7.60B | 6.38B | 4.97B | 4.30B | 2.97B | 2.32B | 1.76B | 840.57M | 674.92M | 659.04M | 320.00M | 150.60M | 111.20M | 68.90M |
| Interest Income | 55.00M | 121.00M | 32.00M | 72.00M | 76.00M | 59.00M | 97.00M | 48.00M | 53.00M | 8.00M | 1.00M | 1.00M | 14.00M | 3.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 691.00M | 549.00M | 711.00M | 756.00M | 836.00M | 739.00M | 631.00M | 383.00M | 322.00M | 323.00M | 279.00M | 364.00M | 373.00M | 449.00M | 410.00M | 127.49M | 276.09M | 139.79M | 148.85M | 189.58M | 157.16M | 158.95M | 138.49M | 161.97M | 0.00 | 75.85M | 0.00 | 26.70M | 20.90M | 12.30M | 6.50M |
| Depreciation & Amortization | 6.41B | 7.63B | 5.91B | 6.25B | 5.74B | 5.35B | 5.35B | 5.00B | 5.48B | 4.88B | 4.84B | 4.33B | 3.60B | 4.04B | 2.82B | 2.68B | 2.86B | 2.39B | 2.01B | 1.77B | 1.57B | 1.31B | 904.17M | 644.87M | 383.39M | 326.63M | 288.78M | 182.40M | 82.40M | 57.10M | 35.00M |
| EBITDA | 17.27B | 22.01B | 16.16B | 6.13B | 11.28B | 9.67B | 7.73B | 4.36B | 5.19B | 10.57B | 8.34B | 7.46B | 7.53B | 7.56B | 5.29B | 8.94B | 5.27B | 6.12B | 5.74B | 4.35B | 2.92B | 2.39B | 2.72B | 2.11B | 831.89M | 530.96M | 701.93M | 499.00M | 212.90M | 204.90M | 124.00M |
| EBITDA Ratio | 48.01% | 44.65% | 46.37% | 32.02% | 45.66% | 44.92% | 42.57% | 32.25% | 36.01% | 45.69% | 44.60% | 45.52% | 48.57% | 48.67% | 52.20% | 55.26% | 39.37% | 59.55% | 76.15% | 62.80% | 48.94% | 58.60% | 61.91% | 65.47% | 64.61% | 60.49% | 60.71% | 94.80% | 88.40% | 93.71% | 92.72% |
| Operating Income | 17.24B | 14.76B | 9.51B | -445.00M | 5.59B | 4.85B | 2.34B | -1.28B | -742.00M | 4.86B | 3.16B | 3.05B | 3.93B | 3.02B | 2.48B | 6.71B | 2.34B | 4.04B | 3.66B | 2.58B | 1.67B | 1.11B | 1.21B | 1.46B | 447.05M | 202.79M | 261.62M | 316.80M | 130.50M | 147.80M | 89.00M |
| Operating Income Ratio | 47.94% | 29.80% | 28.95% | -2.54% | 22.92% | 21.76% | 13.22% | -11.52% | -5.64% | 22.82% | 17.63% | 18.85% | 25.32% | 21.11% | 24.40% | 41.48% | 18.64% | 34.70% | 36.19% | 34.15% | 27.96% | 27.18% | 34.11% | 45.37% | 34.72% | 23.10% | 28.42% | 49.75% | 46.42% | 57.07% | 56.36% |
| Total Other Income/Expenses | -7.08B | -1.06B | 399.00M | -428.00M | -636.00M | -1.33B | 538.00M | 216.00M | 75.00M | 303.00M | -127.00M | -444.00M | -410.00M | -163.00M | -500.00M | 384.65M | 194.13M | -642.07M | -1.97B | -582.39M | 270.51M | -124.33M | -130.53M | -166.47M | -94.04M | -77.40M | -45.75M | -130.80M | -56.60M | -50.20M | -28.90M |
| Income Before Tax | 10.17B | 13.70B | 9.91B | -873.00M | 4.96B | 3.52B | 2.87B | -1.06B | -667.00M | 5.16B | 3.04B | 2.61B | 3.91B | 2.88B | 1.98B | 7.27B | 2.70B | 3.65B | 1.88B | 2.16B | 1.93B | 1.05B | 1.13B | 1.30B | 353.01M | 125.39M | 215.87M | 185.60M | 73.90M | 97.60M | 60.10M |
| Income Before Tax Ratio | 28.26% | 27.67% | 30.17% | -4.99% | 20.32% | 15.81% | 16.26% | -9.58% | -5.07% | 24.24% | 16.92% | 16.11% | 25.21% | 20.09% | 19.47% | 44.95% | 21.50% | 31.39% | 18.63% | 28.62% | 32.36% | 25.64% | 31.83% | 40.20% | 27.42% | 14.29% | 23.45% | 29.15% | 26.29% | 37.68% | 38.06% |
| Income Tax Expense | 1.93B | 2.77B | 2.25B | -438.00M | -460.00M | 931.00M | 476.00M | -859.00M | -30.00M | 1.23B | 766.00M | 717.00M | 1.27B | 1.18B | 289.00M | 2.11B | -76.47M | 873.72M | 638.45M | 590.35M | 431.53M | 409.19M | 359.76M | 511.40M | 153.36M | 66.56M | 104.36M | 90.60M | 31.50M | 43.40M | 25.80M |
| Net Income | 8.23B | 10.94B | 7.66B | -435.00M | 5.42B | 2.59B | 2.40B | -204.00M | -637.00M | 3.93B | 2.27B | 1.89B | 2.64B | 1.70B | 1.58B | 4.99B | 2.61B | 2.52B | 1.05B | 1.41B | 1.39B | 574.44M | 703.60M | 784.34M | 199.65M | 58.82M | 111.51M | 95.00M | 42.40M | 54.20M | 34.30M |
| Net Income Ratio | 22.89% | 22.08% | 23.33% | -2.49% | 22.20% | 11.63% | 13.57% | -1.84% | -4.84% | 18.45% | 12.65% | 11.68% | 17.04% | 11.85% | 15.58% | 30.83% | 20.79% | 21.68% | 10.39% | 18.62% | 23.34% | 14.07% | 19.76% | 24.34% | 15.51% | 6.70% | 12.11% | 14.92% | 15.08% | 20.93% | 21.72% |
| EPS | 3.74 | 4.82 | 3.24 | -0.18 | 2.27 | 1.06 | 1.02 | -0.10 | -0.29 | 1.80 | 1.04 | 0.86 | 1.21 | 0.78 | 0.73 | 2.31 | 1.21 | 1.18 | 0.49 | 0.66 | 0.32 | 0.15 | 0.18 | 0.21 | 0.06 | 0.02 | 0.04 | 0.04 | 0.02 | 0.03 | 0.02 |
| EPS Diluted | 3.74 | 4.82 | 3.24 | -0.18 | 2.27 | 1.06 | 1.02 | -0.10 | -0.29 | 1.80 | 1.04 | 0.86 | 1.21 | 0.78 | 0.73 | 2.31 | 1.21 | 1.18 | 0.49 | 0.66 | 0.32 | 0.15 | 0.18 | 0.21 | 0.06 | 0.02 | 0.04 | 0.04 | 0.02 | 0.03 | 0.02 |
| Weighted Avg Shares Out | 2.20B | 2.27B | 2.36B | 2.36B | 2.38B | 2.44B | 2.35B | 2.15B | 2.19B | 2.18B | 2.18B | 2.19B | 2.19B | 2.18B | 2.17B | 2.16B | 2.16B | 2.15B | 2.14B | 2.15B | 4.30B | 3.82B | 3.92B | 3.67B | 3.33B | 3.19B | 3.16B | 2.67B | 2.22B | 2.04B | 1.83B |
| Weighted Avg Shares Out (Dil) | 2.20B | 2.27B | 2.36B | 2.36B | 2.38B | 2.44B | 2.35B | 2.15B | 2.19B | 2.18B | 2.18B | 2.19B | 2.19B | 2.18B | 2.17B | 2.16B | 2.16B | 2.15B | 2.14B | 2.15B | 4.30B | 3.82B | 3.92B | 3.67B | 3.33B | 3.19B | 3.16B | 2.67B | 2.22B | 2.04B | 1.83B |
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Calgary, Alberta--(Newsfile Corp. - March 8, 2024) - Canadian Natural Resources Limited (TSX: CNQ) (NYSE: CNQ) ("Canadian Natural") announced today that the Toronto Stock Exchange ("TSX") has accepted notice filed by Canadian Natural of its intention to make a Normal...
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Canadian Natural Resources Limited (CNQ) Q4 2023 Earnings Call Transcript
Canadian Natural Resources Limited (CNQ) Q4 2023 Earnings Call Transcript
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Although the revenue and EPS for Canadian Natural Resources (CNQ) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the...
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Calgary, Alberta--(Newsfile Corp. - February 29, 2024) - Highlighting a successful 2023, Canadian Natural's (TSX: CNQ) (NYSE: CNQ) Chief Financial Officer, Mark Stainthorpe, stated "Through the Company's effective and efficient operations and disciplined capital allocation, we achieved our net debt...
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Calgary, Alberta--(Newsfile Corp. - February 29, 2024) - Canadian Natural Resources Limited (TSX: CNQ) (NYSE: CNQ) announces that its Board of Directors approved a 5% increase to its quarterly cash dividend on its common shares to C$1.05 (One dollar and...
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Fossil fuel companies offer low valuations and high free-cash-flow yields, making them attractive investments. North American Explorer and producer stocks are great hedges against geopolitical risk in fossil fuel-producing regions. Canadian Natural Resources focuses on the liquids segment, improving its...
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