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CNX Resources Corp. (CNX)

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CNX Resources Corp. (CNX) reported revenue of $618 million for Q2 FY2026, the quarter ended 30 June 2026, down 35.7% on the same quarter a year earlier. Net income was $203 million, down 53.1% on the year, and diluted earnings per share $1.32. The figures are the company's own, from the 10-Q it filed with the SEC on 30 July 2026.

Revenue$618 milliondown 35.7%
Net income$203 milliondown 53.1%
Diluted EPS$1.32
QuarterQ2 FY2026ended 30 June 2026

CNX Resources (CNX) in brief

CNX Resources (CNX) reported revenue of $2.2 billion for fiscal 2025, the year ended 31 December 2025, up 76.8% on the year before.
Read moreNet income was $633 million and diluted earnings per share $3.98. Revenue was $1.3 billion in fiscal 2024, $3.4 billion in fiscal 2023, $1.3 billion in fiscal 2022 and $757 million in fiscal 2021. Net income in the same years was a loss of $90 million, $1.7 billion, a loss of $142 million and a loss of $499 million. Over the twelve months to 30 June 2026, CNX Resources reported revenue of $2.6 billion and net income of $949 million. Revenue grew 12.2% a year, compounded, over the five years to fiscal 2025. CNX Resources had 149 million shares outstanding at the latest filed count. At 30 June 2026 it carried $2.2 billion of debt and $6 million of cash. At the close of 8 October 2026 the market cap of CNX Resources was $5.0 billion, 5.4 times its earnings over the last twelve months.

Ratios

From the filings

ROE19.6%
ROCE16.3%
Operating margin44.4%
Net margin36.5%
FCF margin20.2%
Interest cover7.03
Debt to equity0.46
Cash conversion1.15
Share count, 1 year5.0%
Sales CAGR, 3 years21.1%
Profit CAGR, 3 yearsn/a
EPS, TTM$6.29

At the close of 8 October 2026

Price$33.83
Market cap$5.0 billion
Stock P/E5.38
Price to book1.04
EV / EBITDA4.22
Dividend yield0.0%
Market cap / sales1.94
52-week high$42.61
52-week low$31.17
Price, 1 year0.0%
Price CAGR, 3 years14.2%
Price CAGR, 5 years20.1%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest daily close from SimFin. Debt to equity here stands on long-term debt as CNX Resources Corp. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
CNXgreeksoup.ai
Daily closes to 8 October 2026, adjusted for splits; prices from SimFin.
Read moreDay by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on CNX

Filings22 in twelve months: 14 current reports (8-K), about 8 regulation fd disclosure; 4 results of operations; 3 officer or director change; 3 other events; 2 material agreement
Planned insider sales3 Form 144 notices in twelve months, $3.9 million; latest 4 May 2026
Options tapeput/call 0.95 by open interest at the 8 October 2026 close; the straddle prices a 3.6% move to 16 October 2026
13F holders9 of the followed funds hold it; largest Southeastern Asset Management; 6 Schedule 13D or 13G filings in twelve months
Insider trading4 sales and 0 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest15.4 million shares short, 9.64 days to cover at 15 September 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue35196938532142413782.4962584610787618
Operating income19.26396.3-15.282.6-194-273586266224428237
Operating margin5%66%2%-5%19%-142%-331%61%46%37%54%38%
Interest expense35.437.337.438.637.936.641.644.043.042.040.539.0
Net income21.45146.9-18.365.5-145-198433202196348203
Net margin6%53%2%-6%15%-106%-240%45%35%32%44%33%
Diluted EPS$0.12$2.79$0.04-$0.12$0.37-$0.89-$1.34$2.53$1.21$1.58$2.18$1.32
Operating cash flow206161185192170269216282234297278280
Capital expenditure20610816815211510513111475.5174170142
Free cash flow0.353.416.939.855.416384.2169158123108138
Buybacks47.511351.844.463.025.012511618210054.0200
Shares outstanding160m154m153m152m149m149m145m142m136m143m142m149m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 12 fiscal years and the trailing twelve months

FY2014 †FY2015 †FY2016 †FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Revenue3,2041,1997601,4551,7301,9221,2587571,2613,4351,2672,2392,599
Operating income180-931-5851191,09959.7-603-637-2122,223-1208031,155
Operating margin5.6%-77.6%-77.0%8.1%63.5%3.1%-47.9%-84.1%-16.8%64.7%-9.5%35.9%44.4%
Interest expense224199182161146151171151128143151171164
Income tax15.2-280-34.4-17621627.7-174-138-69.9502-29.9170206
Net income163-364-848381797-80.7-484-499-1421,721-90.5633949
Net margin5.1%-30.4%-111.6%26.2%46.0%-4.2%-38.5%-65.9%-11.3%50.1%-7.1%28.3%36.5%
Diluted EPS$0.70-$1.64-$3.70$1.65$3.71-$0.42-$2.43-$2.31-$0.75$8.99-$0.60$3.98$6.29
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Cash flow and capital returned

FY2014 †FY2015 †FY2016 †FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Operating cash flow9375124646498869817959261,2358158161,0291,088
Capital expenditure1,4598401736331,1161,193487466566679540495562
Free cash flow-523-32929215.8-231-212308460669135275534526
Free cash flow margin-16.3%-27.4%38.4%1.1%-13.3%-11.0%24.5%60.8%53.1%3.9%21.7%23.8%20.2%
Cash from investing-1,041-996487-222-895-1,147-439-421-528-509-484-901-462
Cash from financing-45.8374-96936.1-483166-351-524-689-326-277-170-633
Depreciation and amortisation533372420412493508502515461434486574565
Share-based compensation41.914.319.317.021.338.414.416.616.420.220.123.721.3
Buybacksn/an/a0.010338211737.2245565320184524537
Dividends paid57.533.32.30.00.0n/an/an/an/an/an/an/an/a
Dividend per share$0.25$0.14$0.14$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00n/a
Diluted shares, weighted232m229m229m231m215m191m199m216m190m192m151m160m154m
Shares outstanding at period end230m229m229m224mn/a187m220m204m171m154m149m143m149m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2014 †FY2015 †FY2016 †FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Funded by
Shareholders' equity5,3294,7023,7983,9004,3304,1614,4223,7002,9504,3614,0984,3374,844
Non-controlling interest0.01541420.07528020.0n/an/an/an/an/an/a
Debt3,2032,7062,4222,1872,3782,7542,4242,2142,2062,2142,1662,4212,224
Operating lease liabilitiesn/an/an/an/a0.011053.233.713289.549.510582.0
Finance lease liabilitiesn/an/an/an/an/a7.71.11.22.05.521.025.022.4
Other liabilities3,1223,3682,8218451,1321,2261,1412,1513,2261,9562,1772,2061,965
Total liabilities and equity11,65510,9309,1846,9328,5929,0618,0428,1018,5168,6278,5129,0949,137
Owned
Fixed assets10,1629,6698,1405,7906,9427,1377,0266,9897,0977,3437,3847,8637,938
Goodwilln/an/an/a0.0796796323323323323323323323
Intangible assetsn/an/an/a0.010396.690.183.577.070.463.957.354.1
Cash and equivalents17665.146.350917.216.315.63.621.30.417.20.86.2
Receivables261151125157252133146330348116180265164
Inventory10266.815.310.79.77.09.76.127.219.814.626.232.5
Other assets953977857465471874432365622754529559619
Total assets11,65510,9309,1846,9328,5929,0618,0428,1018,5168,6278,5129,0949,137
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded6.4%12.2%21.1%61.9%
Profit growth, compoundedn/an/an/a509.7%
Return on equity, average2.7%6.7%17.3%14.6%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Peers: Petroleum and Natural Gas

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Shell plc SHEL *$285.1 billion16.7010.2%n/a-6.1%0.433.0%
TotalEnergies SE TTE *$189.8 billion14.8811.4%n/a-6.2%0.534.3%
Petróleo Brasileiro S.A. (Petrobras) PBR *$154.6 billion7.8926.0%29.3%-2.4%0.355.2%
Canadian Natural Resources Limited CNQ *$98.9 billion13.1224.4%n/a8.7%0.373.5%
Eni S.p.A. E *$82.3 billion31.675.4%6.1%-7.5%0.594.2%
EOG Resources Inc. EOG$77.9 billion11.5621.6%32.9%19.1%0.252.7%
Occidental Petroleum Corp. OXY$60.3 billionn/an/an/an/a0.311.6%
Devon Energy Corp. DVN$53.8 billion11.627.9%16.7%14.6%0.272.1%
Diamondback Energy, Inc. FANG$53.8 billion37.363.9%6.3%21.4%0.332.2%
Woodside Energy Group Ltd. WDS *$42.9 billion15.917.6%30.0%-1.5%0.334.7%
EQT Corp. EQT$33.1 billion12.2810.7%42.5%32.3%0.221.2%
Expand Energy Corp. EXE$20.6 billion7.6714.3%26.9%59.3%0.190.0%
All 36 in Petroleum and Natural Gas
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
ExxonMobil Holdings Corp. XOM$692.9 billion21.6612.6%12.3%9.1%0.122.4%
Chevron Corp. CVX$418.0 billion20.2810.8%14.2%10.2%0.193.2%
Shell plc SHEL *$285.1 billion16.7010.2%n/a-6.1%0.433.0%
TotalEnergies SE TTE *$189.8 billion14.8811.4%n/a-6.2%0.534.3%
ConocoPhillips COP$161.2 billion17.7514.2%n/a9.6%0.352.4%
Petróleo Brasileiro S.A. (Petrobras) PBR *$154.6 billion7.8926.0%29.3%-2.4%0.355.2%
Marathon Petroleum Corp. MPC$130.1 billion15.9344.8%9.2%15.0%1.610.8%
Valero Energy Corp. VLO$127.8 billion18.4128.8%7.2%12.6%0.361.0%
BP plc BP *$122.3 billionn/a0.1%6.6%-1.1%1.094.1%
Phillips 66 PSX$112.4 billion16.0722.5%n/a14.4%0.601.7%
Equinor ASA EQNR *$104.0 billion21.4512.5%23.8%2.6%0.690.3%
Canadian Natural Resources Limited CNQ *$98.9 billion13.1224.4%n/a8.7%0.373.5%
Suncor Energy Inc. SU *$84.6 billion20.8413.1%n/a-4.6%0.222.4%
Eni S.p.A. E *$82.3 billion31.675.4%6.1%-7.5%0.594.2%
EOG Resources Inc. EOG$77.9 billion11.5621.6%32.9%19.1%0.252.7%
SLB Limited SLB$72.7 billion23.6611.9%n/a2.5%0.43n/a
Occidental Petroleum Corp. OXY$60.3 billionn/an/an/an/a0.311.6%
Devon Energy Corp. DVN$53.8 billion11.627.9%16.7%14.6%0.272.1%
Diamondback Energy, Inc. FANG$53.8 billion37.363.9%6.3%21.4%0.332.2%
Woodside Energy Group Ltd. WDS *$42.9 billion15.917.6%30.0%-1.5%0.334.7%
EQT Corp. EQT$33.1 billion12.2810.7%42.5%32.3%0.221.2%
Halliburton Co. HAL$27.1 billion17.0514.6%11.4%0.6%0.642.1%
Expand Energy Corp. EXE$20.6 billion7.6714.3%26.9%59.3%0.190.0%
Permian Resources Corp. PR$19.1 billion15.1310.3%35.8%12.8%0.252.6%
Ovintiv Inc. OVV$17.5 billion17.908.0%9.7%6.0%0.321.9%
APA Corp. APA$15.9 billion9.6123.9%44.4%-16.1%0.532.2%
Antero Resources Corp. AR$11.1 billion10.3613.0%24.7%25.8%0.31n/a
PBF Energy Inc. PBF$10.8 billion7.9121.1%5.8%13.5%0.271.3%
Range Resources Corp. RRC$9.5 billion11.2618.3%32.1%23.2%0.180.9%
Viper Energy, Inc. VNOM$8.3 billion327.921.2%12.3%n/a0.33n/a
Chord Energy Corp. CHRD$7.5 billion9.1210.2%19.0%19.2%0.183.8%
Matador Resources Co. MTDR$6.8 billion9.3412.2%32.2%-3.6%0.712.6%
Valaris Ltd. VAL$5.8 billion6.2729.2%11.3%-13.2%0.340.0%
Murphy OIL Corp. MUR$5.5 billion19.115.6%18.5%8.3%0.293.5%
CNX Resources Corp. CNX$5.0 billion5.3819.6%44.4%61.9%0.460.0%
Valvoline Inc. VVV$3.9 billion38.5524.4%15.3%16.1%3.840.4%
21 companies share its SEC industry code (Crude Petroleum & Natural Gas); the rest are the names nearest in size in its wider industry, Petroleum and Natural Gas, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 202630 July 2026EDGAR
10-Q31 March 202630 April 2026EDGAR
10-K31 December 202510 February 2026EDGAR
10-Q30 September 202530 October 2025EDGAR
10-Q30 June 202524 July 2025EDGAR
10-Q31 March 202524 April 2025EDGAR
10-K31 December 202411 February 2025EDGAR
10-Q30 September 202424 October 2024EDGAR
10-Q30 June 202425 July 2024EDGAR
10-Q31 March 202425 April 2024EDGAR

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