CNQ vs. EQT: Canadian Natural Resources vs. EQT Stock Comparison
How do Canadian Natural Resources (CNQ) and EQT (EQT) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.
Company Profile
Canadian Natural Resources (CNQ) and EQT (EQT) are both classified in the Oil & Gas Exploration & Production sub-industry within the broader Oil, Gas & Consumable Fuels industry, placing them in the closest GICS peer bucket.
| Profile Item | CNQ | EQT |
|---|---|---|
| Name | Canadian Natural Resources Ltd. | EQT Corporation |
| Country/Region | Canada | United States |
| GICS Sector | Energy | Energy |
| GICS Industry Group | Energy | Energy |
| GICS Industry | Oil, Gas & Consumable Fuels | Oil, Gas & Consumable Fuels |
| GICS Sub-Industry | Oil & Gas Exploration & Production | Oil & Gas Exploration & Production |
| Market Capitalization | 98.81 billion USD | 30.90 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | NYSE |
| Listing Date | July 31, 2000 | March 17, 1980 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | CNQ | EQT |
|---|---|---|
| Total Return (1Y) | 56.47% | -12.42% |
| Total Return (3Y, Annualized) | 19.27% | 9.89% |
| Total Return (5Y, Annualized) | 23.01% | 21.61% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | CNQ | EQT |
|---|---|---|
| Volatility (1Y, Annualized) | 32.07% | 30.02% |
| Beta (5Y) | 0.48 | 0.70 |
| Max Drawdown (5Y) | -35.85% | -42.56% |
| Avg. Volume (3M) | 6.32M | 7.75M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | CNQ | EQT |
|---|---|---|
| Sharpe Ratio (1Y) | 1.63 | -0.56 |
| Sortino Ratio (1Y) | 2.31 | -0.80 |
Profitability
ROE (TTM)
Canadian Natural Resources (CNQ) at 32.39% sits in the top ROE quartile, while EQT (EQT) at 10.49% is closer to the peer norm — stronger capital efficiency for CNQ.
CNQ
Energy industry group
32.39%
- Max
- 53.85%
- CNQ
- 32.39%
- Q3
- 24.79%
- Median
- 12.85%
- Q1
- 2.03%
- Min
- -29.09%
EQT
Energy industry group
10.49%
- Max
- 53.85%
- Q3
- 24.79%
- Median
- 12.85%
- EQT
- 10.49%
- Q1
- 2.03%
- Min
- -29.09%
Net Margin (TTM)
For every dollar of sales, both Canadian Natural Resources (CNQ) at 29.51% and EQT (EQT) at 29.01% retain more as net profit than most peers, landing in the top net margin quartile of their industries.
CNQ
Energy industry group
29.51%
- Max
- 56.92%
- CNQ
- 29.51%
- Q3
- 22.92%
- Median
- 10.10%
- Q1
- 0.07%
- Min
- -27.38%
EQT
Energy industry group
29.01%
- Max
- 56.92%
- EQT
- 29.01%
- Q3
- 22.92%
- Median
- 10.10%
- Q1
- 0.07%
- Min
- -27.38%
Operating Margin (TTM)
Both Canadian Natural Resources (CNQ) at 32.24% and EQT (EQT) at 28.24% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.
CNQ
Energy industry group
32.24%
- Max
- 71.31%
- Q3
- 33.75%
- CNQ
- 32.24%
- Median
- 18.73%
- Q1
- 6.94%
- Min
- -24.52%
EQT
Energy industry group
28.24%
- Max
- 71.31%
- Q3
- 33.75%
- EQT
- 28.24%
- Median
- 18.73%
- Q1
- 6.94%
- Min
- -24.52%
Profitability Metrics
| Metric | CNQ | EQT |
|---|---|---|
| ROE (TTM) | 32.39% | 10.49% |
| ROA (TTM) | 9.97% | 6.25% |
| Net Margin (TTM) | 29.51% | 29.01% |
| Operating Margin (TTM) | 32.24% | 28.24% |
| Gross Margin (TTM) | 52.92% | 80.40% |
Growth
Revenue Growth
EQT (EQT) at 59.96% clears its industry range for revenue growth, far stronger top-line momentum than Canadian Natural Resources (CNQ) at 6.40%, which is closer to a typical peer reading.
EPS Growth
Both companies show strong earnings momentum, but EQT (EQT) at 635.56% is the standout with EPS growth above its industry range; Canadian Natural Resources (CNQ) at 81.05% also sits in the top quartile.
Growth Metrics
| Metric | CNQ | EQT |
|---|---|---|
| Revenue Growth (YoY) | 6.40% | 59.96% |
| Revenue Growth (3Y CAGR) | -3.75% | -11.72% |
| EPS Growth (YoY) | 81.05% | 635.56% |
| EPS Growth (3Y CAGR) | 2.73% | -8.91% |
Financial Strength
Current Ratio (MRQ)
Canadian Natural Resources (CNQ) at 0.99 keeps current ratio within its industry’s typical mid-range, while EQT (EQT) at 0.71 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for EQT.
CNQ
Energy industry group
0.99
- Max
- 3.64
- Q3
- 2.21
- Median
- 1.41
- CNQ
- 0.99
- Q1
- 0.88
- Min
- 0.24
EQT
Energy industry group
0.71
- Max
- 3.64
- Q3
- 2.21
- Median
- 1.41
- Q1
- 0.88
- EQT
- 0.71
- Min
- 0.24
Debt / Equity (MRQ)
EQT (EQT) at 0.19 keeps leverage in the lower industry quartile, while Canadian Natural Resources (CNQ) at 0.42 runs a more typical debt-to-equity mix.
CNQ
Energy industry group
0.42
- Max
- 1.75
- Q3
- 0.93
- Median
- 0.54
- CNQ
- 0.42
- Q1
- 0.30
- Min
- 0.00
EQT
Energy industry group
0.19
- Max
- 1.75
- Q3
- 0.93
- Median
- 0.54
- Q1
- 0.30
- EQT
- 0.19
- Min
- 0.00
Financial Strength Metrics
| Metric | CNQ | EQT |
|---|---|---|
| Current Ratio (MRQ) | 0.99 | 0.71 |
| Debt / Equity (MRQ) | 0.42 | 0.19 |
| Net Debt / EBITDA | 0.67 | 0.81 |
Dividends
Dividend Yield (TTM)
Canadian Natural Resources (CNQ) at 5.03% delivers top-quartile income for its industry, while EQT (EQT) at 1.30% pays a more typical yield — both are credible income propositions, CNQ the richer one.
CNQ
Energy industry group
5.03%
- Max
- 8.57%
- CNQ
- 5.03%
- Q3
- 3.58%
- Median
- 1.71%
- Q1
- 0.00%
- Min
- 0.00%
EQT
Energy industry group
1.30%
- Max
- 8.57%
- Q3
- 3.58%
- Median
- 1.71%
- EQT
- 1.30%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Both Canadian Natural Resources (CNQ) at 36.37% and EQT (EQT) at 15.64% keep payout ratio within their industries’ typical mid-ranges — dividend policies that share earnings without consuming too much of them.
CNQ
Energy industry group
36.37%
- Max
- 133.24%
- Q3
- 53.31%
- CNQ
- 36.37%
- Median
- 25.24%
- Q1
- 0.00%
- Min
- 0.00%
EQT
Energy industry group
15.64%
- Max
- 133.24%
- Q3
- 53.31%
- Median
- 25.24%
- EQT
- 15.64%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | CNQ | EQT |
|---|---|---|
| Dividend Yield (TTM) | 5.03% | 1.30% |
| Dividend Payout Ratio (TTM) | 36.37% | 15.64% |
Valuation
P/E Ratio (TTM)
Both Canadian Natural Resources (CNQ) at 9.95 and EQT (EQT) at 11.71 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.
CNQ
Energy industry group
9.95
- Max
- 39.54
- Q3
- 21.72
- Median
- 12.19
- CNQ
- 9.95
- Q1
- 7.71
- Min
- 2.99
EQT
Energy industry group
11.71
- Max
- 39.54
- Q3
- 21.72
- Median
- 12.19
- EQT
- 11.71
- Q1
- 7.71
- Min
- 2.99
P/S Ratio (TTM)
Canadian Natural Resources (CNQ) at 2.06 is priced about in line with its industry on P/S ratio, while EQT (EQT) at 3.38 sits in the pricier quartile — EQT costs more per dollar of sales.
CNQ
Energy industry group
2.06
- Max
- 5.40
- Q3
- 2.85
- CNQ
- 2.06
- Median
- 1.69
- Q1
- 0.88
- Min
- 0.00
EQT
Energy industry group
3.38
- Max
- 5.40
- EQT
- 3.38
- Q3
- 2.85
- Median
- 1.69
- Q1
- 0.88
- Min
- 0.00
P/B Ratio (MRQ)
EQT (EQT) at 1.21 is valued about in line with its industry on P/B ratio, while Canadian Natural Resources (CNQ) at 2.97 carries an above-peer premium to book — CNQ is pricier on assets.
CNQ
Energy industry group
2.97
- Max
- 4.21
- CNQ
- 2.97
- Q3
- 2.38
- Median
- 1.51
- Q1
- 1.08
- Min
- 0.01
EQT
Energy industry group
1.21
- Max
- 4.21
- Q3
- 2.38
- Median
- 1.51
- EQT
- 1.21
- Q1
- 1.08
- Min
- 0.01
Valuation Metrics
| Metric | CNQ | EQT |
|---|---|---|
| P/E Ratio (TTM) | 9.95 | 11.71 |
| P/S Ratio (TTM) | 2.06 | 3.38 |
| P/B Ratio (MRQ) | 2.97 | 1.21 |
| Free Cash Flow Yield (TTM) | 12.33% | 8.01% |