CANADIAN NATURAL RESOURCES Ltd
Close on Nov 2, 2026Market cap $111.66BP/E 14.5Yield –
Canadian Natural Resources Adjusted Funds Flow (C$M) by Year
Adjusted Funds Flow (C$M) (M)
Canadian Natural Resources Adjusted Funds Flow (C$M): 15,460M in 2025, up 4.0% from a year earlier.
Where the 2025 figure comes from
“|| Adjusted funds flow | $ | 15,460 | $ | 14,859 | $ | 15,274”
Source: Canadian Natural Form 40-F, filed 2026-03-26 ↗
Record quarterly Adjusted Funds Flow of C$6,866M in Q2 2026; Free Cash Flow equals Adjusted Funds Flow less Dividends, Net Base CapEx, and Abandonment Expenditures per CNQ's capital allocation policy.
Annual history
Hover a value to see the sentence it was read from; calculated values show their formula
| Period | Ended | Adjusted Funds Flow (C$M) (M) | Year on year | Source |
|---|---|---|---|---|
| 2025 | Dec 31, 2025 | 15,460 | +4.0% | Canadian Natural Form 40-F, filed 2026-03-26 ↗ |
| 2024 | Dec 31, 2024 | 14,859 | -2.7% | Canadian Natural Form 40-F, filed 2026-03-26 ↗ |
| 2023 | Dec 31, 2023 | 15,274 | -22.8% | Canadian Natural Form 40-F, filed 2026-03-26 ↗ |
| 2022 | Dec 31, 2022 | 19,791 | +44.1% | Canadian Natural Form 40-F, filed 2025-03-26 ↗ |
| 2021 | Dec 31, 2021 | 13,733 | +164.1% | Canadian Natural Form 40-F, filed 2024-03-20 ↗ |
| 2020 | Dec 31, 2020 | 5,200 | -49.4% | Canadian Natural Form 40-F, filed 2023-03-23 ↗ |
| 2019 | Dec 31, 2019 | 10,267 | – | Canadian Natural Form 40-F, filed 2022-03-23 ↗ |
Breakdown
What makes up adjusted Funds Flow (C$M)
- Less: Common Share Dividends Paid (C$M)4,871 · 2025
- Free Cash Flow — Post-Dividend & CapEx (C$M)3,239 · 2025
- Adjusted Net Earnings from Operations (C$M)7,444 · 2025
- Long-Term Debt, Net of Cash (C$M)15,944 · 2025
- Debt to Book Capitalization (%)26.0% · 2025
- After-Tax Return on Average Common Equity / Capital Employed (%)20.0% · 2025
- Annualized / Declared Dividends per Common Share (C$/share)2.35 · 2025
- TSX Normal Course Issuer Bid (NCIB) Authorized Buyback Limit (shares)182,396,564 · 2026
- Ending Common Shares Outstanding — Post 2-for-1 Split (millions)2,082 · 2025
Cite this data
StockData. (2026). Canadian Natural Resources Adjusted Funds Flow (C$M) (M), annual 2019–2025 [Data set]. Compiled from Canadian Natural Resources SEC filings and investor materials. https://stockdatahq.com/stocks/cnq/kpis/fin-adj-funds-flow-cad-m
See every metric in the Canadian Natural Resources KPI table. Data updated Oct 31, 2026.