CNX Resources Corp (CNX)

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 formations in Pennsylvania, West Virginia, and Ohio, as well as rights to extract natural gas from other Shale and shallow oil and gas formations primarily in Illinois, Indiana, New York, Ohio, Pennsylvania, Virginia, and West Virginia. In addition, the company designs, builds, and operates natural gas gathering systems to move natural gas from the wellhead to interstate pipelines or other local sales points; owns or operates approximately 2,600 miles of natural gas gathering pipelines as well as various natural gas processing facilities. Further, it offers turn-key solutions for water sourcing, delivery and disposal for its natural gas operations and supplies solutions for water sourcing as well as delivery and disposal 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 based in Canonsburg, Pennsylvania.

Ticker
CNX
Exchange
NYSE
Sector
Energy
Industry
Oil & Gas E&P
Market cap
$5.02B
52-week range
$30.78 - $43.62

Valuation

Share price
$34.92 (close of Nov 6, 2026)
P/E (TTM)
5.45x
Price to book
1.04x
Price to free cash flow
10.42x
Enterprise value
$7.45B
Book value per share
$33.60

Price performance

PeriodChange
1 day-1.08%
5 days-6.86%
1 month+5.05%
3 months-0.60%
6 months-4.46%
Year to date-5.03%
1 year+1.84%
3 years+61.82%
5 years+134.05%
10 years+149.43%
All time+488.13%

Short interest

As of
Oct 15, 2026
Short % of float
16.66%
Shares short
16.85M
Days to cover
9.38
Change since prior report
+0.28%
Source
FINRA consolidated short interest

Profitability and growth

Return on equity
14.60%
Return on invested capital
11.58%*
Return on assets
6.96%
Return on capital employed
12.21%*
Net margin
28.28%
EBITDA margin
69.12%
Revenue growth
76.76%
Free cash flow growth
93.86%

* Estimated EBIT: pre-tax income + net interest. This company reports no operating income line.

Cash flow and balance sheet

Free cash flow yield (TTM)
9.60%
Current ratio
1.08x
Net debt to EBITDA
1.33x

Latest reported year

Period end
Dec 31, 2025
Fiscal year
2025
Revenue
$2.24B
EBITDA
$1.55B
Net income
$633.16M
Earnings per share
$4.48
Interest expense
$170.59M
Shares outstanding
141.45M

Income statement by year

Period endRevenueNet incomeEPS
2025-12-31$2.24B$633.16M$4.48
2024-12-31$1.27B-$90.49M-$0.60
2023-12-31$3.43B$1.72B$10.59
2022-12-31$1.26B-$142.08M-$0.75
2021-12-31$756.79M-$498.64M-$2.31
2020-12-31$1.26B-$483.77M-$2.43
2019-12-31$1.92B-$80.73M-$0.42
2018-12-31$1.73B$796.53M$3.75
2017-12-31$1.46B$380.75M$1.66
2016-12-31$759.97M-$848.10M-$3.70

Margins and returns by year

Period endNet marginReturn on equityReturn on capital
2025-12-3128.28%14.60%11.58%*
2024-12-31-7.14%-2.21%0.47%*
2023-12-3150.09%39.46%27.71%*
2022-12-31-11.27%-4.82%-0.79%*
2021-12-31-65.89%-13.48%-5.82%*
2020-12-31-38.46%-10.94%-4.50%*
2019-12-31-4.20%-1.63%0.89%*
2018-12-3146.03%15.67%12.62%*
2017-12-3126.17%9.76%6.01%*
2016-12-31-111.60%-21.52%-10.47%*

* Estimated EBIT: pre-tax income + net interest. This company reports no operating income line.

Cash and debt by year

Period endCashDebt
2025-12-31$779.00K$2.21B
2024-12-31$17.20M$1.84B
2023-12-31$443.00K$1.89B
2022-12-31$21.32M$2.21B
2021-12-31$3.56M$2.21B
2020-12-31$15.62M$2.40B
2019-12-31$16.28M$2.75B
2018-12-31$17.20M$2.38B
2017-12-31$509.17M$2.19B
2016-12-31$46.30M$2.42B

Free cash flow by year

Period endFree cash flowStock-based compensation
2025-12-31$533.97M$23.68M
2024-12-31$275.45M$20.09M
2023-12-31$135.18M$20.23M
2022-12-31$669.26M$16.38M
2021-12-31$460.50M$16.56M
2020-12-31$307.78M$14.38M
2019-12-31-$212.04M$38.42M
2018-12-31-$230.57M$21.34M
2017-12-31$15.84M$16.98M
2016-12-31$291.52M$19.32M

Dividend history

Most recent payment
Feb 11, 2016
Payment dateDividend per share
2016-02-11$0.01
2015-11-09$0.01
2015-08-06$0.01
2015-05-07$0.06
2015-02-12$0.06
2014-11-06$0.06
2014-08-13$0.06
2014-05-08$0.06

Investor relations

Past earnings dates

ReportedFiscal periodEPS estimate
2026-10-29Sep 2026$0.61
2026-07-30Jun 2026$0.54
2026-04-30Mar 2026$0.86
2026-01-29Dec 2025$0.37
2025-10-30Sep 2025$0.35
2025-07-24Jun 2025$0.32
2025-04-24Mar 2025$0.57
2025-01-30Dec 2024$0.43

Filings and sources

Company website
cnx.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

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