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CNX

CNX Resources Corporation

CNX

CNX Resources Corporation • NYSE
$38.84 ▲ 1.41% (+0.54)
Market Cap $5.63 B
52w High $40.54
52w Low $27.00
Dividend Yield 0%
P/E 23.54
Volume 785.83K
Outstanding Shares 144.83M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $583.84M ▲ $30.375M ▼ $202.103M ▼ 34.616% ▼ $1.41 ▼ $457.979M ▼
Q2-2025 $540.696M ▼ $51.691M ▲ $432.521M ▲ 79.993% ▲ $3.02 ▲ $767.686M ▲
Q1-2025 $610.55M ▲ $40.095M ▼ $-197.715M ▼ -32.383% ▲ $-1.34 ▼ $-109.819M ▼
Q4-2024 $327.237M ▼ $47.378M ▲ $-144.624M ▼ -44.195% ▼ $-0.96 ▼ $-60.835M ▼
Q3-2024 $334.72M $33.433M $65.54M 19.581% $0.44 $223.022M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $14.903M ▲ $8.904B ▼ $4.789B ▼ $4.116B ▲
Q2-2025 $3.391M ▲ $8.988B ▼ $4.895B ▼ $4.093B ▲
Q1-2025 $2.615M ▼ $9.047B ▲ $5.276B ▲ $3.771B ▼
Q4-2024 $17.198M ▲ $8.512B ▼ $4.414B ▲ $4.098B ▼
Q3-2024 $1.31M $8.538B $4.281B $4.257B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $202.104M ▼ $233.761M ▼ $-7.75M ▲ $-224.569M ▼ $1.442M ▼ $158.217M ▼
Q2-2025 $432.521M ▲ $282.491M ▲ $-94.922M ▲ $-184.565M ▼ $3.004M ▲ $168.926M ▲
Q1-2025 $-197.715M ▼ $215.656M ▼ $-633.597M ▼ $375.755M ▲ $-42.186M ▼ $84.191M ▼
Q4-2024 $-144.624M ▼ $268.797M ▲ $-70.222M ▲ $-144.812M ▼ $53.763M ▲ $163.302M ▲
Q3-2024 $65.54M $170.152M $-110.048M $-62.717M $-2.613M $55.415M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Natural Gas
Natural Gas
 $300.00M ▲$500.00M ▲$440.00M ▼$360.00M ▼
NGLs
NGLs
 $60.00M ▲$50.00M ▼$40.00M ▼$40.00M ▲
Oil and Condensate
Oil and Condensate
 $0 ▲$0 ▲$0 ▲$0 ▲
Oil and Gas Purchased
Oil and Gas Purchased
 $10.00M ▲$10.00M ▲$10.00M ▲$10.00M ▲

Five-Year Company Overview

Income Statement

Income Statement CNX’s revenue has been choppy, with a big spike a few years ago and then a reset to a more modest level. The core operations still appear profitable before interest and other non‑operating items, but bottom‑line earnings have swung between strong profits and losses. The recent return to a small net loss, despite positive operating profit, suggests the company is exposed to items like hedging impacts, commodity price swings, and other below‑the‑line factors. Overall, the business can generate value from its assets, but reported earnings are volatile and closely tied to gas prices and financial charges.

Balance Sheet

Balance Sheet The balance sheet looks relatively steady over time: total assets have not changed dramatically, debt has edged down, and equity has generally rebuilt after a dip. Debt remains meaningful but not obviously growing, which indicates some discipline in leverage. Cash on hand tends to be very low, so CNX likely relies on steady cash generation and credit access rather than holding large cash reserves. This structure can be efficient but leaves less of a cushion if markets or operations suddenly weaken.

Cash Flow

Cash Flow Cash generation from operations has been consistent and healthy, even in years when accounting earnings were weak. After funding its drilling and development program, CNX has regularly produced positive free cash flow, though the amount moves up and down with spending needs and gas prices. Capital spending is fairly steady, indicating a continued commitment to sustaining and developing reserves rather than aggressively cutting back. In simple terms, the cash story looks more stable than the earnings story, which is a key strength for a commodity producer.

Competitive Edge

Competitive Edge CNX operates in one of the lowest‑cost natural gas regions in the U.S. and has built an integrated platform that includes production, midstream infrastructure, and water management. This integration can lower costs, improve reliability, and give CNX more control over its operations than peers that rely on third parties. Its focus on methane reduction, transparency, and environmental performance also helps differentiate it with regulators, customers, and partners. That said, it still faces the usual pressures of a gas producer: commodity price cycles, regional takeaway constraints, and competition from other large Appalachian operators.

Innovation and R&D

Innovation and R&D CNX is unusually active on the innovation front for a traditional gas producer. It is deploying electric drilling powered by its own gas, advanced methane capture and monitoring systems, waste‑heat power generation, and a large water recycling and pipeline network. Beyond core gas, it is experimenting with new revenue streams such as supplying captured methane for biodegradable plastics, developing cleaner CNG and LNG fuels, and exploring hydrogen and sustainable aviation fuel projects. Many of these initiatives are early‑stage and dependent on policy, technology execution, and commercial uptake, but they show a forward‑looking approach that could broaden CNX’s role in the energy transition over time.

Summary

CNX is a low‑cost Appalachian gas producer with a stable asset base, consistent cash generation, and a willingness to innovate beyond traditional oil and gas. Its income statement is volatile, reflecting commodity exposure and financial items, but operational performance is generally solid. The balance sheet is steady with manageable, slowly declining debt and limited cash buffers, while cash flows provide an underlying foundation. Competitively, CNX benefits from integrated infrastructure, cost focus, and environmental initiatives. Its growing portfolio of methane capture, cleaner fuels, and potential hydrogen and aviation fuel projects offers upside optionality, but also introduces execution and policy risk. Overall, CNX looks like a financially stable, cash‑generative gas company that is actively trying to reposition itself for a lower‑carbon future, with both opportunities and uncertainties attached to that shift.

NEWS

November 5, 2025 · 6:45 AM UTC

CNX Announces Executive Leadership Appointment

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October 30, 2025 · 6:45 AM UTC

CNX Reports Third Quarter Results

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October 6, 2025 · 6:45 AM UTC

CNX Resources Corporation Announces Third Quarter 2025 Financial Results and Q&A Conference Call Schedule

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September 22, 2025 · 6:45 AM UTC

CNX Resources Corp. Announces Alan Shepard as Next Chief Executive Officer

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