Canadian Natural Resources Limited (CNQ) AI Stock Analysis

Canadian Natural Resources Limited explores, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids (NGLs). Its production portfolio spans synthetic crude oil, light and medium crude oil, bitumen, primary heavy crude oil, and Pelican Lake heavy crude oil. The company also holds midstream and refining assets, including two crude oil pipeline systems and a 50% working interest in an 84-megawatt cogeneration plant at Primrose. Its core operating regions are Western Canada, the United Kingdom section of the North Sea, and Offshore Africa.

For FY2025, revenue increased 23.9% to $44.17B, rebounding from $35.66B in FY2024 and $40.84B in FY2023. Over the five-year period from FY2020 to FY2025, revenue expanded at a compound annual growth rate of 20.4%. Net income for FY2025 reached $10.82B with a net margin of 24.5%, up from $6.11B and a 17.1% margin in FY2024. In the latest quarter ended June 30, 2026, quarterly revenue grew 69.5% year-over-4quarter comparison, while quarterly earnings grew 83.8% year-over-year. Operating margin stood at 18.6% in FY2025 and 43.1% on a trailing-twelve-month basis.

As of June 30, 2026, Canadian Natural Resources held $2.62B in cash and short-term investments against total debt of $17.14B, resulting in net debt of $14.53B. Shareholders' equity was $46.80B against total assets of $96.58B, yielding a debt-to-equity ratio of 0.37 and a current ratio of 1.00. In FY2025, operating cash flow reached $15.09B, supporting capital expenditures of $6.67B. Cash returns to shareholders in FY2025 included $4.87B in dividends paid and $1.45B in share buybacks.

CNQ trades at a trailing price-to-earnings multiple of 13.2x, below the 15.0x median of its US-listed Energy peers. Its forward P/E of 13.9x is above the peer median of 12.7x. The company's enterprise value to EBITDA ratio is 6.4x, compared to the peer median of 8.0x, while its price-to-sales multiple is 2.5x versus the peer median of 1.8x. Over the past year, the stock returned 85.6%, outperforming the S&P 500 (SPY) return of 16.8%. Over a five-year horizon, the stock returned 232.5% versus 83.0% for the S&P 500.

Canadian Natural Resources pays an annual forward dividend of $1.76 per share, representing a dividend yield of 3.27% with a payout ratio of 39.8%. The company has paid dividends for 26 consecutive years and achieved a five-year annualized dividend growth rate of 22.2%. Distributions are paid on a quarterly schedule, with the most recent ex-dividend date on September 11, 2026.

Wall Street analysts hold 7 Strong Buy, 3 Buy, 11 Hold, and 2 Sell ratings on CNQ. The mean price target is $48.78, which sits 9.3% below the last close of $53.80 on October 16, 2026. For the current fiscal year ending December 31, 2026, analysts estimate revenue of $49.18B and EPS of $6.54, reflecting 84.2% EPS growth. The company has beaten EPS expectations in each of the last 4 quarters, with next earnings scheduled for November 5, 2026.

This page is an AI-written research summary of Canadian Natural Resources Limited (CNQ). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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