Canadian Natural Resources Limited (CNQ) FCF Payout Ratio: 81.19%
Is Canadian Natural Resources Limited’s FCF payout ratio high or low?
Canadian Natural Resources Limited's FCF payout ratio of 81.19% is 56% above its 5-year average of 51.92%, near the high end of its 5-year range (21.73%–90.53%).
44.34% above its 12-month average of 56.25%.
CNQ FCF Payout Ratio Chart
CNQ Average FCF Payout Ratio Chart
CNQ Current vs Average FCF Payout Ratio Chart
CNQ FCF Payout Ratio Metrics
FCF PAYOUT RATIO
81.19%
FCF PAYOUT RATIO AVG TTM
56.25%
FCF PAYOUT RATIO AVG 3Y
49.81%
FCF PAYOUT RATIO AVG 5Y
51.92%
FCF PAYOUT RATIO AVG 10Y
55.60%
FCF PAYOUT RATIO AVG 15Y
146.98%
FCF PAYOUT RATIO AVG 20Y
137.05%
CURRENT VS TTM AVG
+44.34%
CURRENT VS 3Y AVG
+63.00%
CURRENT VS 5Y AVG
+56.38%
CURRENT VS 10Y AVG
+46.02%
CURRENT VS 15Y AVG
-44.76%
CURRENT VS 20Y AVG
-40.76%
Payout Ratio Comparison
FCF Payout Ratio
81.2%
Earnings Payout Ratio
46.2%
Dividend Yield
3.83%
FCF Yield
4.71%
Annual FCF Payout Ratio History
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $6.13B | $3.54B | 57.8% |
| 2024 | $5.63B | $3.08B | 54.7% |
| 2023 | $5.62B | $2.94B | 52.3% |
| 2022 | $10.54B | $3.63B | 34.5% |
| 2021 | $6.24B | $1.36B | 21.7% |
| 2020 | $1.69B | $1.53B | 90.5% |
| 2019 | $4.02B | $1.34B | 33.4% |
| 2018 | $4.16B | $1.14B | 27.5% |
| 2017 | $2.04B | $994.71M | 48.8% |
| 2016 | ($260.86M) | $563.35M | N/A (Loss) |
| 2015 | $670.20M | $903.47M | 134.8% |
| 2014 | ($2.53B) | $821.20M | N/A (Loss) |
| 2013 | $6.58M | $491.93M | n/m |
| 2012 | $105.78M | $447.29M | 422.9% |
| 2011 | $41.12M | $370.06M | 900.0% |
| 2010 | $950.33M | $302.42M | 31.8% |
| 2009 | $2.68B | $213.48M | 8.0% |
| 2008 | ($544.93M) | $170.04M | N/A (Loss) |
| 2007 | ($646.06M) | $177.92M | N/A (Loss) |
| 2006 | ($2.65B) | $130.85M | N/A (Loss) |
| 2005 | ($467.05M) | $104.01M | N/A (Loss) |
| 2004 | ($742.57M) | $83.84M | N/A (Loss) |
| 2003 | $466.72M | $59.58M | 12.8% |
| 2002 | ($370.29M) | $38.03M | N/A (Loss) |
| 2001 | ($38.01M) | $29.01M | N/A (Loss) |
| 2000 | $358.21M | $3.00M | 0.8% |
| 1999 | ($862.38M) | $0 | N/A (Loss) |
| 1998 | ($243.72M) | $0 | N/A (Loss) |
| 1997 | ($442.94M) | $0 | N/A (Loss) |
| 1996 | ($615.78M) | $0 | N/A (Loss) |
Formula: FCF Payout Ratio = Dividends Paid / Free Cash Flow × 100
FCF payout and earnings payout:
- FCF represents operating cash flow after capital expenditures
- FCF payout compares dividends paid with free cash flow
- FCF payout above 100% means dividends paid exceeded free cash flow for the period
- Earnings payout compares dividends paid with net income
Reading the series: Use the chart and table to compare dividend payments with cash generation over time.
Canadian Natural Resources Limited FCF Payout Ratio Formula & Definition
FCF Payout Ratio measures what percentage of free cash flow is paid out as dividends. Unlike earnings-based payout, it compares dividends with cash generated after capital expenditures.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Canadian Natural Resources Limited FCF Payout Ratio FAQ
- What is the FCF payout ratio for Canadian Natural Resources Limited (CNQ)?
- The FCF payout ratio for CNQ stock is 81.19%.
- Is Canadian Natural Resources Limited's FCF payout ratio high or low?
- Canadian Natural Resources Limited's FCF payout ratio of 81.19% is 56% above its 5-year average of 51.92%, near the high end of its 5-year range (21.73%–90.53%).
- What is the TTM average FCF payout ratio for Canadian Natural Resources Limited (CNQ)?
- The TTM average FCF payout ratio for CNQ stock is 56.25%.
- What is the 3Y average FCF payout ratio for Canadian Natural Resources Limited (CNQ)?
- The 3Y average FCF payout ratio for CNQ stock is 49.81%.
- What is the 5Y average FCF payout ratio for Canadian Natural Resources Limited (CNQ)?
- The 5Y average FCF payout ratio for CNQ stock is 51.92%.
- What is the 10Y average FCF payout ratio for Canadian Natural Resources Limited (CNQ)?
- The 10Y average FCF payout ratio for CNQ stock is 55.60%.
- What is the 15Y average FCF payout ratio for Canadian Natural Resources Limited (CNQ)?
- The 15Y average FCF payout ratio for CNQ stock is 146.98%.
- What is the 20Y average FCF payout ratio for Canadian Natural Resources Limited (CNQ)?
- The 20Y average FCF payout ratio for CNQ stock is 137.05%.
Canadian Natural Resources Limited FCF Payout Ratio History
| DATE | FCF PAYOUT RATIO |
|---|---|
| 2025-12-31 | 57.78% |
| 2024-12-31 | 54.71% |
| 2023-12-31 | 52.27% |
| 2022-12-31 | 34.48% |
| 2021-12-31 | 21.73% |
| 2020-12-31 | 90.53% |
| 2019-12-31 | 33.38% |
| 2018-12-31 | 27.50% |
| 2017-12-31 | 48.83% |
| 2015-12-31 | 134.81% |
| 2012-12-31 | 422.86% |
| 2011-12-31 | 900.00% |
| 2010-12-31 | 31.82% |
| 2009-12-31 | 7.96% |
| 2003-12-31 | 12.77% |
| 2000-12-31 | 0.84% |
About Canadian Natural Resources Limited
Canadian Natural Resources Limited (CNQ) is an integrated energy enterprise engaged across the full spectrum of upstream and downstream activities related to crude oil, natural gas, and natural gas liquids (NGLs), encompassing acquisition, exploration, development, production, marketing, and sales. Its diverse portfolio of hydrocarbon products encompasses synthetic crude oil (SCO), light and medium crude, bitumen (also known as thermal oil), along with both primary heavy crude oil and specialized Pelican Lake heavy crude. Beyond exploration and production, the company holds midstream and refining assets, notably comprising two crude oil pipeline networks and a half-interest (50% working interest) in an 84-megawatt cogeneration facility situated at Primrose. As of December 31, 2020, CNQ reported substantial reserves. Its proved crude oil, bitumen, and NGLs reserves amounted to 10,528 million barrels (MMbbl), escalating to 13,271 MMbbl when probable reserves are included. Proved synthetic crude oil (SCO) reserves stood at 6,998 MMbbl, with total proved plus probable SCO reserves reaching 7,535 MMbbl. Furthermore, the company's proved natural gas reserves were recorded at 12,168 billion cubic feet (Bcf), expanding to 20,249 Bcf on a proved plus probable basis. Geographically, its operations are concentrated in key regions, including Western Canada, the United Kingdom's North Sea sector, and offshore West Africa. The entity, incorporated in 1973, was originally known as AEX Minerals Corporation before adopting the name Canadian Natural Resources Limited in December 1975. Its corporate headquarters are located in Calgary, Canada.
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- CEO
- Norman Murray Edwards