Canadian Natural Resources Limited CNQ.TO TSX

Canadian Natural Resources Limited (CNQ.TO) generated $3.77B in operating cash flow for quarter ending 2025-12-31. After capital expenditures of $1.45B, free cash flow was $2.31B.

Free cash flow margin was 24.1% of revenue. Cash conversion ratio was 0.71x, suggesting some earnings are non-cash.

The company returned $1.23B in dividends and $294M in share buybacks to shareholders during the quarter.

Criteria supported by this page:

• HEALTH (67/100, Partial) — cash generation is adequate but may not fully cover debt in stressed conditions
• MOAT (48/100, Partial) — cash flow generation is present but not at levels indicating a wide moat
• INCOME (85/100) — Cash conversion ratio was 0.71x suggests some earnings are non-cash items

Overall SharesGrow Score: 71/100 with 4/7 criteria passed.