# Canadian Natural Resources (CNQ) — Earnings

CNQ · NYSE · Stock

Canonical page: https://www.lighthorse.io/tickers/cnq/earnings

## Most recent quarter

| Metric | Value |
| --- | --- |
| Fiscal period | Q2 2026 |
| Period end | Jun 30, 2026 |
| EPS actual | $1.51 |
| EPS estimate | $1.46 |
| EPS surprise | +3.40% |
| Revenue surprise | +10.48% |
| Revenue | $10.4B |
| Revenue estimate | $9.4B |
| Reported | Aug 6, 2026 |
| SEC filing | [View filing](https://www.sec.gov:443/Archives/edgar/data/1017413/000101741326000043/a063020266-kcover.htm) |
| Earnings call | [Transcript](http://o.thsi.cn/dc-d-stock-america.teleconference/24ee53cb-e5d5-66d0-7c44-17668605c627.html) |

Canadian Natural Resources reported Q2 2026 results on August 6, 2026. Earnings per share were $1.51, ahead of the $1.46 estimate by 3.40%. Revenue was $10.4 billion, beating the $9.4 billion consensus by 10.48%. Compared with Q2 2025, EPS nearly tripled from $0.52 and revenue rose about 62% from $6.4 billion. Both figures are the highest in the table.

The quarter followed several flatter years. Annual EPS fell from $4.26 in 2022 to $2.88 in 2023 and $2.52 in 2024, then held at $2.55 in 2025. Annual revenue went from $30.2 billion in 2022 to $27.8 billion in 2025. The first half of 2026 adds up to $2.35 per share, about 77% more than a year earlier and close to the full-year 2025 total. Over the last 20 quarters, Canadian Natural beat the EPS estimate 18 times. The two misses were Q4 2022, at 11.17% below, and Q1 2024, at 2.88% below.

Canadian Natural reported Q3 between October 31 and November 6 in each of the past five years. That points to early November 2026 for the next report. It will show whether earnings stay near the Q2 level or move back toward the range of recent years.

## Earnings history

| Fiscal period | Report date | EPS estimate | EPS actual | Surprise | Revenue estimate | Revenue actual |
| --- | --- | --- | --- | --- | --- | --- |
| Q2 2026 | Aug 6, 2026 | $1.46 | $1.51 | 3.40% | $9.4B | $10.4B |
| Q1 2026 | May 7, 2026 | $0.77 | $0.84 | 8.68% | $7.6B | $7.8B |
| Q4 2025 | Mar 6, 2026 | $0.46 | $0.60 | 29.07% | $7.0B | $7.0B |
| Q3 2025 | Nov 6, 2025 | $0.56 | $0.62 | 10.88% | $6.9B | $6.8B |
| Q2 2025 | Aug 7, 2025 | $0.46 | $0.52 | 13.72% | $6.4B | $6.4B |
| Q1 2025 | May 8, 2025 | $0.72 | $0.81 | 11.76% | $7.1B | $7.6B |
| Q4 2024 | Mar 6, 2025 | $0.65 | $0.65 | 0.09% | $6.6B | $6.6B |
| Q3 2024 | Oct 31, 2024 | $0.67 | $0.72 | 6.71% | $6.7B | $6.6B |
| Q2 2024 | Aug 1, 2024 | $0.59 | $0.64 | 9.69% | $6.3B | $6.6B |
| Q1 2024 | May 2, 2024 | $0.52 | $0.51 | -2.88% | $6.1B | $6.1B |
| Q4 2023 | Feb 29, 2024 | $0.81 | $0.88 | 9.03% | $6.8B | $7.2B |
| Q3 2023 | Nov 2, 2023 | $0.89 | $0.95 | 7.01% | $6.9B | $7.3B |
| Q2 2023 | Aug 3, 2023 | $0.41 | $0.43 | 4.38% | $5.5B | $6.0B |
| Q1 2023 | May 4, 2023 | $0.61 | $0.62 | 2.56% | $6.1B | $6.4B |
| Q4 2022 | Mar 2, 2023 | $0.81 | $0.72 | -11.17% | $6.4B | $5.2B |
| Q3 2022 | Nov 3, 2022 | $1.03 | $1.12 | 8.66% | $7.2B | $7.6B |
| Q2 2022 | Aug 4, 2022 | $1.15 | $1.28 | 11.16% | $7.3B | $8.9B |
| Q1 2022 | May 5, 2022 | $0.98 | $1.14 | 17.05% | $7.1B | $8.5B |
| Q4 2021 | Mar 3, 2022 | $0.81 | $0.87 | 7.96% | $6.4B | $6.8B |
| Q3 2021 | Nov 4, 2021 | $0.63 | $0.70 | 10.84% | $5.8B | $6.1B |

## Frequently Asked Questions

### When did Canadian Natural Resources (CNQ) last report earnings?

Canadian Natural Resources last reported on Aug 6, 2026, covering fiscal Q2 2026.

### Did CNQ beat earnings estimates?

Yes. Canadian Natural Resources reported EPS of $1.51 for Q2 2026 against a $1.46 estimate — a 3.40% beat.

### How much revenue did CNQ report last quarter?

Canadian Natural Resources reported $10.4B in revenue for Q2 2026, against a consensus estimate of $9.4B.

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Earnings figures may be restated, revised or corrected by the issuer. Past results do not indicate future performance.

This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.

Data provided by [AInvest](https://www.ainvest.com).