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Price updated todayFinancials updated Oct 29, 2026
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CNX · Price history
Price at last available close
$38.05
+$6.84 (+21.92%) 1M
2026-10-28
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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.
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
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.
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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?
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
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+)
Debt
Fair
62
Debt Cost7.0%
Debt Reduction YoY-6.9%
Debt / Equity0.57x
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Revenue
Fair
62
Revenue YoY11.6%
Revenue CAGR19.3%
Net Margin39.7%
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Asset
Fair
58
Asset Growth YoY6.8%
Liquidation/Share$30.21
Net Assets/MCap1.20x
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Capital
Elite
100
Earnings Yield16.9%
Buyback Yield7.1%
Debt Cost7.0%
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Management
Elite
92
ROIC8.6%
ROE19.6%
ROA10.4%
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Moat
Fair
61
EPS Growth2.6%
FCF/Share Growth32.5%
Rev/Share Growth13.6%
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Valuation
Elite
90
Intrinsic Value$58.14
Value Reference$34.88
MOS34.6%
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Buffett
Fair
69
Revenue62
Moat61
Valuation90
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MOS
Strong
86
MOS %34.6%
Value Reference$34.88
Deep Discount Reference$23.26
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Financial
Poor
12
Interest Coverage4.6x
ROIC8.6%
FCF Yield9.5%
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Master
Fair
56
Financial12
Valuation90
Debt62
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Resilience
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.
Monetary values in USD. Share counts in raw units.
Income StatementBalance SheetCash Flow
AnnualQuarterlyTTM + Annual
All rows
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 Item
TTM
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
Revenue
$2.39B
$2.14B
$1.44B
$1.51B
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Cost of Revenue
$1.20B
$1.13B
$1.03B
$976.7M
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Gross Profit
$1.19B
$1.01B
$413.8M
$529.6M
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Research & Development
$0.00
$0.00
$0.00
$0.00
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SG&A Expenses
$145.8M
$151.0M
$158.0M
$125.3M
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Operating Expenses
$182.7M
$224.5M
$244.4M
$215.4M
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EBITDA
$1.89B
$1.55B
$516.0M
$2.80B
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Operating Income
$1.01B
$787.5M
$169.3M
$314.2M
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Interest Expense
$164.4M
$170.6M
$150.6M
$143.3M
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Income Before Tax
$1.16B
$802.9M
-$120.4M
$2.22B
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Income Tax Expense
$206.0M
$169.8M
-$29.9M
$502.2M
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Net Income
$949.4M
$633.2M
-$90.5M
$1.72B
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Basic EPS
$6.84
$4.48
$-0.60
$10.63
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Basic Shares
148M
141M
151M
162M
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Diluted Shares
154M
160M
151M
192M
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Upgrade to Premium for up to 10 annual periods, where available.
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.
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Government disclosed trading activity is available on the Smart Money directory. Filings may be delayed and may not represent complete current holdings.
Dividend HistoryShare
Dividend History
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Predictions & Historical PerformanceShare
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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