Educational research only—not investment advice or a recommendation. Scores and estimates may use delayed, incomplete, restated, or corrected market and filing data. Independently verify information before making an investment decision.

CNX Resources Corporation

CNXNYSE
Wall Street Score · overall investment61/100
$38.05USD$-0.53 (-1.37%)
Company website www.cnx.com
HeadquartersCNX Center, Canonsburg, PA, 15317-6506, US
Financial statement currencyUSD · no FX conversion applied
Energy · Oil & Gas Exploration & Production
Price updated todayFinancials updated Oct 29, 2026

CNX · Price history

Price at last available close

$38.05

+$6.84 (+21.92%) 1M

2026-10-28

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Company & revenue

About CNX Resources Corporation

Primary reporting period: 2025-12-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.

Who they are

CNX Resources Corporation operates as an independent company primarily focused on natural gas and midstream activities. Its core business involves the acquisition, exploration, development, and production of natural gas properties, predominantly situated within the Appalachian Basin. The company's operations are structured into two distinct segments: Shale and Coalbed Methane.

How they make money

CNX Resources Corporation operates as an independent natural gas company focused on the exploration, development, and production of natural gas in the Appalachian Basin. The company generates revenue primarily through the sale of produced natural gas, natural gas liquids (NGLs), and oil, while also providing midstream gathering and processing services to support its production activities.

Products & services

Natural gas, natural gas liquids (NGLs), and oil production, along with associated midstream gathering and processing services.

Brands & revenue mix

No separate brand or brand-level revenue disclosure was confirmed in the reviewed sources. This does not mean the company has no brands.

Product / operating segments

No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.

Geographic revenue

No reconciled geographic revenue breakdown was confirmed for the current research period.

Customer types

  • Industrial and commercial end-usersSource
  • Natural gas marketers and utilitiesSource

Customer concentration

The company notes that a significant portion of its natural gas, NGLs, and oil revenue is derived from short-term contracts with a term of one year or less, as disclosed in its periodic filings.

Suppliers, materials & equipment

  • Oilfield services and equipment providers — Various third-party contractors providing drilling, completion, and midstream infrastructure construction services.Source

Competitors

  • EQT Corporation — An independent natural gas production company with significant operations in the Appalachian Basin.Source
  • Range Resources Corporation — An independent oil and natural gas company focused on the Appalachian Basin.Source

Strengths

  • Low carbon intensity natural gas production profileSource
  • Integrated midstream and production assets in the Appalachian BasinSource

Risks

  • Volatility in commodity prices for natural gas, NGLs, and oilSource
  • Operational risks associated with drilling and production activitiesSource

Wall Street Score

Overall investment score · Quality, value, risk and opportunity

61

Fair

PoorElite

View category scores →

Company Quality

How good is the actual business—regardless of today’s stock price?

65

Fair

Financial Strength

68

Business Quality / Moat

61

Management

92

Growth Quality

52

Risk / Durability

33

Cheap for a Reason · Review the Risks

Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.

Opportunity

Opportunity Score · How does the current price compare with estimated value?

59

Avoid

Based on current valuation, company quality, recent trends, and available market signals.

View score details →

Model Outlook

12-month model · What does the model think happens next?

54/100

Building Historical Record

Model Score 54/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.

Probability unavailable — the model has not produced a calibrated probability yet.

Click for full breakdown →

WSS View

The quick read

The overall Wall Street Score is mixed across its combined quality, valuation and risk inputs. Review the category scores to identify what is helping or hurting the result.

At today’s price, the WSS valuation framework currently reads as moderate rather than unusually attractive.

The model outlook is currently moderate.

What we like
  • •Valuation scores attractively
  • •Recent buyback activity is present
What to watch

No material warning is currently being highlighted from the available summary data.

Company-specific research

Questions worth answering for CNX

Research inputs 100% complete

These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.

  • •Can CNX maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
  • •Is CNX's positive free cash flow repeatable, or is the current level being helped by temporary working-capital or spending changes?
  • •Is CNX's debt load manageable relative to cash generation, interest costs and upcoming maturities?
  • •Is CNX's valuation discount tied to a temporary concern or to a longer-term business risk?
Business analysis: 16 days ago · Fresh

Essential Investment Snapshot

Wall Street Score

61

0–100 · Fair

Opportunity Score

59

0–100 · Fair

Market Cap

$5.63B

P/E Ratio

5.6

EPS

$6.84

52-Week High

$43.62

52-Week Low

$30.78

Beta

0.61

Intrinsic Value

$58.14

Analyst Target

$34.00

Shares Outstanding

160.4M

Total Revenue

$2.39B

Total Debt

$2.38B

Dividend

No current dividend

View dividend history

Liquidation Value / Share

$30.21

Estimated net asset value per share

Momentum & Volatility Signals

Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.

0–100 market signals
Momentum
86/ 100
+23 pts / 5d

Strong upward momentum

5D +8.2% · 20D +22.1% · RSI 76 · Price vs 20D avg +9.0%
Volatility
21/ 100
-5 pts / 5d

Low movement

20D realized vol 26.0% · 60D 26.6% · Acceleration 0.97x
Momentum = Where is it going?

A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.

Volatility = How violently is it moving?

A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.

Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.

Notices for CNX

Detected from reported data — verify before acting.

Dividend history reported

Dividend payments are recorded. Review the dates and regular/special classification below; past payments do not guarantee future dividends.

Historical repurchase activity

Reported cash flows or share-count measures indicate past repurchase activity. This does not verify an active buyback authorization or future purchases.

Community Sentiment

0 active · 0 total calls
0% Bullish (0) 0% Bearish (0)

No personal call yet on CNX.

Potential upside factors

  • +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
  • +Low carbon intensity natural gas production profile.
  • +Integrated midstream and production assets in the Appalachian Basin.
  • +Positive free cash flow may provide capacity to invest in growth.

Potential downside factors

  • −Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Oil & Gas Exploration & Production industry.
  • −Volatility in commodity prices for natural gas, NGLs, and oil.
  • −Operational risks associated with drilling and production activities.

These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.

Create a free account to make a call.

Scores

Click any score for full breakdown
Wall Street Score
Fair61/ 100
Weak (0–50)Fair (51–71)Strong (72+)

Fair

61

Tap for breakdown →

Fair

62

Debt Cost7.0%
Debt Reduction YoY-6.9%
Debt / Equity0.57x

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Fair

62

Revenue YoY11.6%
Revenue CAGR19.3%
Net Margin39.7%

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Fair

58

Asset Growth YoY6.8%
Liquidation/Share$30.21
Net Assets/MCap1.20x

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Elite

100

Earnings Yield16.9%
Buyback Yield7.1%
Debt Cost7.0%

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Elite

92

ROIC8.6%
ROE19.6%
ROA10.4%

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Fair

61

EPS Growth2.6%
FCF/Share Growth32.5%
Rev/Share Growth13.6%

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Elite

90

Intrinsic Value$58.14
Value Reference$34.88
MOS34.6%

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Fair

69

Revenue62
Moat61
Valuation90

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Strong

86

MOS %34.6%
Value Reference$34.88
Deep Discount Reference$23.26

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Poor

12

Interest Coverage4.6x
ROIC8.6%
FCF Yield9.5%

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Fair

56

Financial12
Valuation90
Debt62

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Weak

48

Survival Years1.2 yrs
Current Ratio0.44x
FCF Margin24.9%

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Score Changes

8 historical score records available

Previous Score

64

Oct 1, 2026

Change

-2.6

points

Current Score

61

Oct 29, 2026

Category Changes

Revenue-0.9
Debt0
Assets-4.5
Capital0
Management0
Moat0
Valuation-9.6
Buffett-1.8

CNX decreased 2.6 points because Asset declined by 4.5 points, Valuation declined by 9.6 points.

Negative Contributors

  • − Asset declined by 4.5 points
  • − Valuation declined by 9.6 points

Projected Score

Projected Score

56

Projected Change

-5.2 points

Preliminary comparable-period financial changes suggest decline of approximately 5.2 points. This is a projected estimate, not the official WallStreetScore.

Price vs. Value

Undervalued

Current Price

$38.05

Model Intrinsic Value

$58.14

Difference

−$20.09

-34.6% vs IV

Margin of Safety

34.6%

UndervaluedFair ValueOvervalued
Value Reference: $34.88
Deep Discount Reference: $23.26

Financial Charts

Revenue

201420152016201720182019202020212022202320242025$0$1.0B$2.0B$3.0B$4.0B

Additional Metrics

Operating Cash Flow

201520172019202120232025$0$350M$700M$1.1B$1.4B

Total Debt

201520172019202120232025$0$950M$1.9B$2.9B$3.8B

Total Assets

201520172019202120232025$0$3.0B$6.0B$9.0B$12.0B

Net Margin %

No data
Monetary values in USD. Share counts in raw units.

Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.

Line ItemTTM2025202420232022202120202019201820172016
Revenue$2.39B$2.14B$1.44B$1.51B····························
Cost of Revenue$1.20B$1.13B$1.03B$976.7M····························
Gross Profit$1.19B$1.01B$413.8M$529.6M····························
Research & Development$0.00$0.00$0.00$0.00····························
SG&A Expenses$145.8M$151.0M$158.0M$125.3M····························
Operating Expenses$182.7M$224.5M$244.4M$215.4M····························
EBITDA$1.89B$1.55B$516.0M$2.80B····························
Operating Income$1.01B$787.5M$169.3M$314.2M····························
Interest Expense$164.4M$170.6M$150.6M$143.3M····························
Income Before Tax$1.16B$802.9M-$120.4M$2.22B····························
Income Tax Expense$206.0M$169.8M-$29.9M$502.2M····························
Net Income$949.4M$633.2M-$90.5M$1.72B····························
Basic EPS$6.84$4.48$-0.60$10.63····························
Basic Shares148M141M151M162M····························
Diluted Shares154M160M151M192M····························
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Earnings Summary

Estimated earnings date:A future estimated earnings date is not currently available.
Jul 15, 2026Q2FY2026

Revenue

$618.5M

Estimate unavailable.

Revenue Beat/Miss

Not available (no estimate stored)

EPS

$1.32

Estimate unavailable.

EPS Beat/Miss

Not available (no estimate stored)

Debt Change

-12.9%

Cash Change

+1093.1%

Margin Change

-47.1 pp

Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.

Financial Changes Since Prior Period

What Improved

  • Cash position grew
  • Debt reduced

What Weakened

  • Margins contracted

Potential Score Impact

Positive indicators included revenue growth, cash levels, debt levels. Pressure indicators included EPS growth, net income margin. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.

Stored Earnings Analysis

Revenue increased 14.3%. EPS declined 47.8%. Cash increased 1093.1%. Total debt declined 12.9%. Net income margin declined by 47.1 percentage points.

Earnings-Call Transcript

Earnings-call transcript analysis is not currently available.

These results may influence future scores when the next evaluation is completed.

Upgrade to Premium to unlock all earnings history.View plans
Earnings data: 106 days ago · Stale

Insider Activity

Guru / Smart Money

Guru Score

45

Smart Money

45

Number of Gurus

2

Total Guru Value

Avg Portfolio Weight

Largest Holder

Largest Holder %

New Positions

Increased Positions

Reduced Positions

Exited Positions

Net Guru Sentiment

Short Interest

Government disclosed trading activity is available on the Smart Money directory. Filings may be delayed and may not represent complete current holdings.

Dividend History

Log in to view dividend history.

Conservative Projected Values

3 Years

$———.——

Premium

5 Years

$———.——

Premium

10 Years

$———.——

Premium

Conservative Projection Rate

——%

Premium

Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.

Conservative Projected Values

Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.

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Historical Outperformance Record

Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.

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Historical Trends

8 historical records
Jul 21, 26Jul 23, 26Aug 12, 26Sep 3, 26Sep 5, 26Sep 17, 26Oct 1, 26Oct 29, 260255075100

Historical Score Chart

3 of 8 records shown
3 historical score records are shown. Start your seven-day free trial to unlock 5 more records and the complete score history.Start Free Trial

Wall Street Score

Sep 17, 26Oct 1, 26Oct 29, 260255075100

Debt Score

Sep 17, 26Oct 1, 26Oct 29, 260255075100

Revenue Score

Sep 17, 26Oct 1, 26Oct 29, 260255075100

Asset Score

Sep 17, 26Oct 1, 26Oct 29, 260255075100

Capital Score

Sep 17, 26Oct 1, 26Oct 29, 260255075100

Management Score

Sep 17, 26Oct 1, 26Oct 29, 260255075100

Moat Score

Sep 17, 26Oct 1, 26Oct 29, 260255075100

Valuation Score

Sep 17, 26Oct 1, 26Oct 29, 260255075100

Buffett Score

Sep 17, 26Oct 1, 26Oct 29, 260255075100

Intrinsic Value

Sep 17, 26Oct 1, 26Oct 29, 26$56.00$57.00$58.00$59.00$60.00

Value Reference

Sep 17, 26Oct 1, 26Oct 29, 26$32.00$33.00$34.00$35.00$36.00

Margin of Safety %

Sep 17, 26Oct 1, 26Oct 29, 260.3%0.4%0.4%0.4%0.5%

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News

Rumor Mill · CNX

Corporate developments & opportunities

Explore market →

No reviewed developments match this filter.

Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.

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