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CNX Resources Corporation

CNX Resources Corporation

NYSE•CNX
CEO: Mr. Nicholas J. DeIuliis
Sector: Energy
Industry: Oil & Gas Exploration & Production
Listing Date: 1999-04-30
CNX Resources Corporation, an independent natural gas and midstream company, engages in the acquisition, exploration, development, and production of natural gas properties in the Appalachian Basin. The company operates in two segments, Shale and Coalbed Methane (CBM). It produces and sells pipeline quality natural gas primarily for gas wholesalers. The company owns rights to extract natural gas from shale properties in Pennsylvania, West Virginia, and Ohio, as well as rights to extract natural gas from other shale and shallow oil and gas formations in Illinois, Indiana, New York, and Virginia. It also owns rights to extract CBM in Virginia, West Virginia, Pennsylvania, Ohio, Illinois, Indiana, and New Mexico. In addition, the company designs, builds, and operates natural gas gathering systems to move gas from the wellhead to interstate pipelines or other local sales points; owns and operates approximately 2,600 miles of natural gas gathering pipelines, as well as various natural gas processing facilities. It also offers turn-key solutions for water sourcing, delivery, and disposal for its natural gas operations and for third parties. The company was formerly known as CONSOL Energy Inc. and changed its name to CNX Resources Corporation in November 2017. CNX Resources Corporation was founded in 1860 and is headquartered in Canonsburg, Pennsylvania.
Contact Information
CNX Center, 1000 Horizon Vue Drive, Canonsburg, PA, 15317-6506, United States
724-485-4000
www.cnx.com
Market Cap
$5.85B
P/E (TTM)
19.8
18.3
Dividend Yield
--
52W High
$40.68
52W Low
$27.00
52W Range
98%
Rank56Top 70.4%
2.9
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 2.9 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q3 2025 Data

Revenue

$583.84M+74.15%
4-Quarter Trend

EPS

$1.41+213.33%
4-Quarter Trend

FCF

$158.22M+185.51%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Nine Month Net Income Soars Net Income reached $436.91M for nine months ended September 30, 2025, marking a massive 682.4% increase over prior year.
Revenue Growth Strong Total Revenue grew 44.1% to $1.63B for the nine months ended September 30, 2025, driven by higher commodity prices and volumes.
Quarterly EPS Jumps Diluted EPS was $1.21 for the three months ended September 30, 2025, significantly higher than $0.37 reported in the prior period.
Operating Cash Flow Rises Net Cash Provided by Operating Activities increased 33.8% to $731.91M for the nine months ended September 30, 2025.

Risk Factors

Commodity Price Volatility Natural gas and NGL prices remain volatile, potentially requiring write-downs of proved natural gas properties if prices decline.
Derivative Net Liability Open derivative instruments resulted in a net liability position of $349M as of September 30, 2025, exposing earnings to volatility.
Inflationary Cost Headwinds Sustained inflation in steel, diesel fuel, and labor costs presents ongoing risk to financial position and operating margins.
Major Acquisition Integration Integration risk associated with the $517.60M cash outlay for the Apex Energy II acquisition completed in Q1 2025.

Outlook

2025 Capital Expenditure Plan Capital expenditures are expected to range between $475M and $500M for the full year ending December 31, 2025.
Utica Shale Acquisition Planned Agreement reached to acquire Utica Shale rights for approximately $50M, payable over three years starting January 2026.
Debt Maturity Management Actively managing debt structure, including the current portion of Convertible Notes due in May 2026, to maintain flexibility.
Natural Gas Hedging Strategy Maintaining fixed price hedges covering 484.0 Bcf for 2025 and 441.3 Bcf for 2026 to manage price risk exposure.

Peer Comparison

Revenue (TTM)

NOV Inc.NOV
$8.77B
-1.5%
Chord Energy CorporationCHRD
$5.16B
+8.4%
Weatherford International plcWFRD
$4.97B
-10.2%

Gross Margin (Latest Quarter)

Matador Resources CompanyMTDR
187.5%
+143.0pp
Archrock, Inc.AROC
66.1%
+5.1pp
Magnolia Oil & Gas CorporationMGY
46.2%
-5.1pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
NOV$5.95B15.75.9%20.8%
CNX$5.85B19.87.3%31.2%
MTDR$5.55B7.114.7%18.2%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
11.6%
Steady Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Reports
All Years
  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Oct 30, 2025|
    Revenue: $583.84M+74.2%
    |
    EPS: $1.41+213.3%
    Beat
  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Jul 24, 2025|
    Revenue: $540.70M+75.9%
    |
    EPS: $3.02-2616.7%
    Beat
  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: Apr 24, 2025|
    Revenue: $610.61M+61.5%
    |
    EPS: $-1.34-3097.8%
    Miss
  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 11, 2025|
    Revenue: $1.35B-1.6%
    |
    EPS: $-0.60-105.6%
    Miss
  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Oct 24, 2024|
    Revenue: $335.25M+10.8%
    |
    EPS: $0.45+246.2%
    Meet
  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Jul 25, 2024|
    Revenue: $307.35M+3.8%
    |
    EPS: $-0.12-104.2%
    Miss
  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: Apr 25, 2024|
    Revenue: $378.03M-26.4%
    |
    EPS: $0.04-98.9%
    Miss
  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Feb 8, 2024|
    Revenue: $1.46B-62.7%
    |
    EPS: $10.63+1517.3%
    Meet