Canadian Natural Resources LimitedCNQ
NYSE • Energy
$47.07
P/E
10.14
PEG
—
FCF Yield
—
Rev Growth YoY
-14.7% YoY
Gross Margin
32.1%
Health Score
8/10
D/E Ratio
0.44
Confidence
MEDIUM
Business Snapshot
Canadian Natural Resources Limited is an independent energy company engaged in the exploration, development, and production of crude oil, natural gas, and bitumen. It operates predominantly in Western Canada, with additional assets in the North Sea and offshore Africa, making it one of the largest E&P firms by production volume. While market capitalisation is not provided in the payload, TTM revenue of $40.74B places it firmly in the large-cap tier. What sets the company apart is its low-leverage balance sheet (debt/equity of 0.44x) combined with substantial free cash flow generation of $8.42B, providing cushion in the notoriously cyclical oil and gas industry.
Financial Health
Gross margin improved sharply to 32.1% from 20.0% in the prior year, while net margin stands at a healthy 25.1%, indicating stronger cost control and operational efficiency. Debt/equity of 0.44x reflects a conservative capital structure, and the current ratio of 0.95x is only marginally below 1.0x, suggesting adequate short-term liquidity despite being slightly tight...
Risk Assessment
- VALUATION — EV/EBITDA of 23.81x is elevated relative to the low P/E, suggesting the market prices the company richly on an enterprise-value basis despite cheap equity.
- EARNINGS VOLATILITY — Net income swung from $5.30B in Q2 2025 to $600M in Q3 2025, a decline of nearly 89%, highlighting extreme quarterly instability.
- REVENUE DECELERATION — Revenue declined 14.7% YoY; although QoQ growth of 1.2% offers some offset, the overall trend is sharply negative.
- LIQUIDITY — The current ratio of 0.95x falls just below the 1.0x threshold, indicating a slight mismatch between short-term assets and liabilities.
- TECHNICALS — RSI, MACD, and moving average data unavailable for this period; momentum cannot be independently confirmed....