CNX Resources Corp CNX

Energy SIC 1311 - Crude Petroleum & Natural Gas NAICS Mining, Quarrying, and Oil and Gas Extraction › Oil and Gas Extraction derived NYSE

CNX Resources Corporation ("CNX," the "Company," or "we," "us," or "our") is a premier independent ultra-low carbon intensity natural gas development, production, midstream and technology company centered in the Appalachian Basin. The majority of our operations are centered on unconventional shale formations, primarily the Marcellus Shale and Utica Shale, in Pennsylvania, Ohio and West Virginia. Additionally, we operate and develop Coalbed Methane (CBM) properties in Virginia. We believe that our extensive held-by-production acreage position and development inventory, combined with our regional operating expertise, extensive data set from development and non-operational participation wells, midstream infrastructure ownership, low-cost operations and legacy surface acreage position provide us with significant competitive advantages that position us for long-term value creation.

Last close 36.54 2026-10-23
Market cap $5.41B 2026-06-30 share count
52-week range 30.77 - 43.62

Valuation FY2025 figures against the last close

P/S2.4x
P/E9.2x
P/FCF10.1x
EV/EBITDA—
Dividend yield—
Diluted EPS3.98

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $2.24B$1.27B$3.43B$1.26B$756.8M$1.26B$1.92B$1.73B$1.46B$760.0M
SG&A —————————$37.5M
Total operating expenses $1.35B$1.26B$1.19B$1.32B$1.23B$1.70B$1.74B$1.23B$1.36B$1.17B
Interest expense $170.6M$150.6M$143.3M$127.7M$151.2M$170.8M$151.4M$145.9M$161.4M$182.2M
Pre-tax income $802.9M-$60.6M$2.22B-$72.2M-$360.8M-$309.7M-$53.0M$1.01B$557.2M-$813.7M
Income tax $169.8M$29.9M$502.2M$69.9M$137.9M$174.1M$27.7M$215.6M$176.5M$34.4M
Net income $633.2M-$90.5M$1.72B-$142.1M-$498.6M-$483.8M-$80.7M$796.5M$380.7M-$848.1M
EPS, basic 4.48-0.6010.59-0.75-2.31-2.43-0.423.751.66-3.70
EPS, diluted 3.98-0.608.99-0.75-2.31-2.43-0.423.711.65-3.70
Shares, diluted (wtd. avg.) 160.4M151.3M192.0M189.5M216.0M199.2M190.7M214.6M231.0M229.4M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $779.0K$17.2M$443.0K$21.3M$3.6M$21.6M$16.3M$17.2M$509.2M$46.3M
Receivables $264.7M$179.5M$116.1M$348.5M$330.1M$145.9M$133.5M$252.4M$156.8M$124.5M
Inventory $26.2M$14.6M$19.8M$27.2M$6.1M$9.7M$7.0M$9.7M$10.7M$15.3M
Total current assets $490.3M$370.6M$421.8M$573.8M$459.8M$273.3M$498.1M$501.7M$852.5M$626.1M
Property, plant and equipment $7.86B$7.38B$7.34B$7.10B$6.99B$7.03B$7.14B$6.94B$5.79B$8.14B
Goodwill $323.3M$323.3M$323.3M$323.3M$323.3M$323.3M$796.4M$796.4M$0—
Other intangibles $57.3M$63.9M$70.4M$77.0M$83.5M$90.1M$96.6M$103.2M$0—
Total assets $9.09B$8.51B$8.63B$8.52B$8.10B$8.04B$9.06B$8.59B$6.93B$9.18B
Accounts payable $158.8M$123.2M$147.4M$191.3M$121.8M$118.2M$202.6M$229.8M$211.2M$157.1M
Short-term debt $208.1M$327.8M$325.7M$0$0$22.6M$0$0$263.0K-$1.3M
Total current liabilities $1.12B$1.12B$823.0M$1.31B$954.6M$441.3M$528.9M$523.0M$441.7M$940.0M
Long-term debt $2.21B$1.84B$1.89B$2.21B$2.21B$2.40B$2.75B$2.38B$2.19B$2.42B
Total liabilities $4.76B$4.41B$4.27B$5.57B$4.40B$3.62B$4.10B$3.51B$3.03B$5.24B
Retained earnings $1.98B$1.75B$1.98B$449.0M$877.9M$1.48B$1.97B$2.07B$1.46B$1.73B
Total equity $4.34B$4.10B$4.36B$2.95B$3.70B$4.42B$4.96B$5.08B$3.90B$3.94B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $1.03B$815.8M$814.6M$1.24B$926.4M$795.1M$980.6M$885.8M$648.7M$464.3M
Depreciation and amortisation $574.1M$485.8M$433.6M$461.2M$515.1M$501.8M$508.5M$493.4M$412.0M$419.9M
Stock-based compensation $23.7M$20.1M$20.2M$16.4M$16.6M$14.4M$38.4M$21.3M$17.0M$19.3M
Capital expenditure $495.0M$540.3M$679.4M$565.8M$465.9M$487.3M$1.19B$1.12B$632.8M$172.7M
Investing cash flow -$900.9M-$484.5M-$509.4M-$528.3M-$420.6M-$439.0M-$1.15B-$894.7M-$221.9M$487.4M
Financing cash flow -$169.7M-$276.7M-$326.1M-$689.0M-$523.8M-$350.8M$166.0M-$483.1M$36.1M-$970.4M
Dividends paid ———————$0$0$2.3M
Buybacks $523.6M$184.2M$319.9M$565.1M$245.2M$37.2M$117.5M$381.8M$103.2M$0

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001070412-26-000038.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -2B 0 2B 4B Revenue, FY2016: 760M Net income, FY2016: -848.1M Revenue, FY2017: 1.5B Net income, FY2017: 380.7M Revenue, FY2018: 1.7B Net income, FY2018: 796.5M Revenue, FY2019: 1.9B Net income, FY2019: -80.7M Revenue, FY2020: 1.3B Net income, FY2020: -483.8M Revenue, FY2021: 756.8M Net income, FY2021: -498.6M Revenue, FY2022: 1.3B Net income, FY2022: -142.1M Revenue, FY2023: 3.4B Net income, FY2023: 1.7B Revenue, FY2024: 1.3B Net income, FY2024: -90.5M Revenue, FY2025: 2.2B Net income, FY2025: 633.2M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $760.0M $1.46B $1.73B $1.92B $1.26B $756.8M $1.26B $3.43B $1.27B $2.24B
Gross profit — — — — — — — — — —
Net income -$848.1M $380.7M $796.5M -$80.7M -$483.8M -$498.6M -$142.1M $1.72B -$90.5M $633.2M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Regulation FD disclosure Item 7.01
  • Regulation FD disclosure Item 7.01
  • Material agreement signed Item 1.01
  • Regulation FD disclosure Item 7.01
  • Regulation FD disclosure Item 7.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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