Canadian Natural Resources annual free cash flow
2015
2016
2017
2018
2018
2019
2020
2021
2022
2023
2024
Canadian Natural Resources Free Cash Flow (FCF) History (CNQ)
Canadian Natural Resources reported $8.31B in free cash flow for fiscal 2024, an increase of 3.90% from the previous fiscal year, with a free cash flow margin of 21.45%.
View full Canadian Natural Resources company overviewCanadian Natural Resources free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2024 | 2025-12-31 | $8.31B | $312.0M | +3.90% | +21.45% |
| 2023 | 2024-12-31 | $8.00B | $559.0M | +7.51% | +22.45% |
| 2022 | 2023-12-31 | $7.44B | −$6.81B | −47.78% | +20.70% |
| 2021 | 2022-12-31 | $14.26B | −$211.0M | −1.46% | +33.70% |
| 2020 | 2021-12-31 | $14.47B | $9.79B | +209.23% | +48.13% |
| 2019 | 2020-12-31 | $4.68B | −$4.08B | −46.57% | +27.69% |
| 2018 · Dec 31 | 2019-12-31 | $8.76B | $2.81B | +47.26% | +38.28% |
| 2018 · Dec 31 | 2018-12-31 | $5.95B | $3.26B | +121.21% | +28.28% |
| 2017 | 2017-12-31 | $2.69B | $3.39B | — | +15.50% |
| 2016 | 2016-12-31 | −$700.0M | −$1.21B | — | −6.13% |
| 2015 | 2015-12-31 | $514.0M | — | — | +4.16% |
Canadian Natural Resources quarterly free cash flow
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $4.42B | $3.22B | +268.47% | +25.67% |
| Q1 2026 | 2026-03-31 | $1.19B | — | — | +9.59% |
| Q4 2025 | 2025-12-31 | $2.31B | — | — | +21.61% |
| Q3 2025 | 2025-09-30 | $1.88B | — | — | +16.97% |
| Q2 2025 | 2025-06-30 | $1.20B | — | — | +12.39% |
Canadian Natural Resources free cash flow growth trends
Over the last five reported fiscal years, free cash flow grew from $4.68B to $8.31B, a compound annual growth rate of 12.19%. Canadian Natural Resources's latest reported quarter, Q2 2026, generated $4.42B in free cash flow, an increase of 268.47% year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
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