CNX · NYSE · Oil & Gas Exploration & Production

CNX Resources

Produces Appalachian shale gas with integrated gathering, water, and mine-methane operations.

$36.42
After-hours close+0.23 (+0.64%)
At close$36.19(+0.22%)
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Profile

CNX Resources CorporationCNXEnergy

Produces Marcellus and Utica natural gas and liquids across Appalachia, earning additional revenue from gathering and water services and mine-methane environmental attributes. Shale output dominates, tying results to gas prices, hedge coverage, and regional pipeline access.

Develops and sells natural gas, natural gas liquids, and condensate from Marcellus and Utica shale properties in Pennsylvania, West Virginia, and Ohio, with a smaller coalbed-methane and remediated-mine-gas operation centered in Virginia. Shale supplies nearly all production, and the acquired Apex footprint added stacked Marcellus and Utica leasehold plus associated infrastructure in central Pennsylvania.

Owns and operates gathering pipelines and processing facilities, provides third-party gathering and water services, and sells environmental attributes generated largely from mine-methane capture. Its interconnected systems can blend gas streams to meet pipeline specifications, while hedges cover a substantial share of expected production. Revenue remains exposed to natural-gas and environmental-credit prices, Appalachian pipeline capacity and third-party processing, and federal and state rules governing drilling, emissions, water, and pipelines.

Company facts

CEOAlan K. Shepard
ListedApr 30, 1999
ExchangeNYSE
HeadquartersCanonsburg, PA
CountryUnited States
Employees390
CIK0001070412
ISINUS12653C1080

Key statistics

Market cap$5.36B
EPS (ttm)$6.06
P/E (ttm)5.97
ROE21.2%
P/B1.11
P/S2.24
Dividend yield
Beta−0.07vs XLE 0.60

Year to date −0.7% · Average volume (30d) 1.5M

Analysts

Price target, next 12 months$35.00−3.3%Median of 41 analysts · vs the Aug 28 close
ConsensusHold14 of 41 analysts rate it buy or better

Ratings

Target range

Latest analyst notes

DateFirmActionPrior ratingRatingPrior targetTarget
Jul 15, 2026Truist FinancialTarget$35
Jul 15, 2026Truist SecuritiesUpgradeSellHold
May 27, 2026Mizuho SecuritiesTarget$43$42
Mar 27, 2026Morgan StanleyTarget$32$34
Mar 24, 2026Truist SecuritiesDowngradeHoldSell

Earnings

EPS

Estimate$0.61
ReportedDue Oct 29, 2026

Revenue

Estimate$480.0M
ReportedDue Oct 29, 2026

History

Report dateEPS estEPSSurpriseRevenue estRevenueSurpriseNext session
Jul 30, 2026Q2 FY26$0.60$0.72+19.6%$475.2M$618.5M+30.2%−0.26%
Apr 30, 2026Q1 FY26$0.93$1.21+30.1%$573.5M$786.7M+37.2%−2.65%
Jan 29, 2026Q4 FY25$0.40$0.68+70.0%$440.5M$610.5M+38.6%+3.19%
Oct 30, 2025Q3 FY25$0.38$0.49+29.7%$434.3M$452.1M+4.1%+3.38%
View details

Financial highlights

12 quartersQ1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$610.6M$541.3M$452.1M$538.4M$782.7M$618.5M
Gross profit$345.6M$246.4M$162.5M$256.5M$502.8M$270.8M
Operating income$290.5M$190.7M$111.8M$191.5M$469.7M$236.9M
Net income−$197.7M$432.5M$202.1M$196.3M$348.1M$202.9M
Diluted EPS−$1.34$2.53$1.21$1.28$2.25$1.32
Gross margin56.6%45.5%35.9%47.6%64.2%43.8%
Operating margin47.6%35.2%24.7%35.6%60.0%38.3%

Fiscal years (4-quarter sums)FY21 $2.39B · FY22 $3.92B · FY23 $1.51B · FY24 $1.44B · FY25 $2.14B

Revenue by product · Q1 FY26

Natural Gas$658.6M · 90%
NGLs$60.1M · 8%
Oil And Gas, Purchased$12.7M · 2%
Oil And Condensate$3.4M · 0%

Balance sheet, Jul 15, 2026Cash & short-term investments $40.5M · Total debt $2.38B · Total assets $9.14B · Shareholders' equity $4.84B

Dividends

No dividends on record.

Ownership

Institutions 95.32%141.02M sharesInsiders 2.86%4.23M sharesOther 1.82%2.69M shares

Shares outstanding 147.94M · Float 141.99M · 96.0% free float

Top shareholders13F · 13D/G · Form 4

HolderShares% outstandingFormFiled
BlackRock, Inc.19.18M12.96%13FAug 7, 2026
Dimensional Fund Advisors LP8.89M6.01%13FAug 11, 2026
Hudson Bay Capital Management LP8.43M5.28%13GNov 8, 2024
State Street Corp7.66M5.18%13FAug 7, 2026
Vanguard Portfolio Management LLC7.43M5.02%13FAug 13, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
May 4, 2026William N. Jr Thorndikedirector−28,800$38.25
Mar 23, 2026Maureen Lally-Greendirector−23,631$39.52
Feb 19, 2026Bernard Jr Lanigandirector−46,119$40.60
View details

Peers

  • EQT

    Largest Appalachian gas producer; vertically integrated via Equitrans

  • Expand Energy

    Largest US independent gas producer; Appalachian + Haynesville dual-basin

  • Antero Resources

    Liquids-rich Appalachian E&P; peer-leading NGL scale, LNG-linked transport

  • Range Resources

    Wet-gas Appalachian E&P with 18 Tcfe reserves, targeting 2.6 Bcfe/d by 2027

  • Gulfport Energy

    Ohio Utica–anchored Appalachian gas E&P; ~1.05 Bcfe/d, 80% Utica production

CompareAfter-hours close

CompanyPriceChange
CNX Resources$36.42+0.64%$5.36B6.010.82.2−35.7%
EQT$54.67+0.19%$34.13B12.016.33.7−29.2%
Expand Energy$98.160.00%$22.72B8.512.21.7−19.8%
Antero Resources$38.50+0.13%$11.82B11.09.02.1+29.6%
Range Resources$41.10−0.86%$9.69B11.511.32.9+19.1%
Gulfport Energy$176.37+0.01%$3.17B7.17.02.1+3.8%
Median11.011.32.1+3.8%