CANADIAN NATURAL RESOURCES Ltd
CNQ · Crude Petroleum & Natural Gas · EDGAR filings ↗
Grade
A85Premier large-scale oil & gas producer with long-life low-decline assets, top-decile sector returns and strong cash generation.
Strengths
- ROA at 95th pct and net margin 92nd; ROE ~24% (86th pct) with net income +86% (86th)
- Low-decline, low-cost asset base with disciplined free-cash-flow allocation and moderate leverage (D/E 0.37)
Risks
- Commodity-price cyclicality and Canadian heavy-oil/differential exposure
- Modest liquidity (current 0.95, quick 0.63) and regulatory/climate-disclosure risk
Notable findings
- Weak liquidityCurrent ratio 0.95 (<1)
- Strong balance sheetStrong balance sheet — $492M cash & investments
Key metrics
Net margin
27.9%
Return on equity
24.4%
Return on assets
11.8%
Revenue growth (QoQ)
14.2%
Net-income growth
86.1%
Debt / equity
0.4×
Current ratio
1.0×
Tangible book value
$32.4B
Cash & investments
$492M
Supply chain
Customers (0)
Suppliers (2)
- GLJ Ltd.
- Sproule International Limited
Named in the 10-K; linked when we track them.
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 40-F | 2026-03-26 | 2025-12-31 | 0001017413-26-000018 ↗ |
| 40-F | 2025-03-26 | 2024-12-31 | 0001017413-25-000024 ↗ |
| 40-F | 2024-03-20 | 2023-12-31 | 0001017413-24-000015 ↗ |
| 40-F | 2023-03-23 | 2022-12-31 | 0001017413-23-000022 ↗ |
| 40-F | 2022-03-23 | 2021-12-31 | 0001017413-22-000028 ↗ |
| 40-F | 2021-03-24 | 2020-12-31 | 0001017413-21-000018 ↗ |
| 40-F | 2020-03-27 | 2019-12-31 | 0001017413-20-000013 ↗ |
| 40-F | 2019-03-27 | 2018-12-31 | 0001017413-19-000018 ↗ |
| 40-F | 2018-03-22 | 2017-12-31 | 0001017413-18-000017 ↗ |
| 40-F | 2017-03-23 | 2016-12-31 | 0000950142-17-000639 ↗ |
| 40-F | 2016-03-24 | 2015-12-31 | 0000950142-16-003370 ↗ |
| 40-F | 2015-03-25 | 2014-12-31 | 0000950142-15-000641 ↗ |