CNX Stock Analysis: CNX Resources | NYSE
Oil & Gas E&P | NYSE, USA | Market Cap: 4.723m USD | 12M Return: 2.4% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 66.3M
EPS Trend: 48.3%
Qual. Beats: 5
Rev. Trend: 14.7%
Qual. Beats: 1
Warnings
Tailwinds
No distinct edge detected
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
CNX Resources Corporation is an independent natural gas and midstream company operating in the Appalachian Basin, with activities spanning acquisition, exploration, development, and production of natural gas properties. The company reports through two segments-Shale and Coalbed Methane (CBM)-and sells pipeline-quality natural gas primarily to gas wholesalers.
CNX holds extraction rights across Pennsylvania, West Virginia, and Ohio, with additional leasehold positions in several other states including Illinois, Indiana, New York, Virginia, and West Virginia. Beyond upstream production, the company operates a midstream business that designs, builds, and runs natural gas gathering systems and processing facilities, moving gas from the wellhead to interstate pipelines or local sales points.
The firm also provides water sourcing, delivery, and disposal services for its own drilling operations and on a third-party basis, supporting the broader hydraulic fracturing process. Originally founded in 1860 as CONSOL Energy Inc., the company adopted the CNX Resources name in November 2017 and remains headquartered in Canonsburg, Pennsylvania.
As an exploration and production operator, CNX sits in the upstream portion of the natural gas value chain, while its gathering pipelines and processing assets place it within the midstream segment-two areas tied closely to Marcellus and Utica shale activity, which collectively make the Appalachian Basin one of the most productive gas regions in the United States.
- Henry Hub natural gas prices swing on winter weather demand
- Appalachian Shale production growth lifts segment volumes and margins
- Share buybacks accelerate as capital returns ramp up
| Net Income: 1.18b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.06 > 0.02 and ΔFCF/TA 2.32 > 1.0 |
| NWC/Revenue: -20.28% < 20% (prev -69.19%; Δ 48.91% < -1%) |
| CFO/TA 0.12 > 3% & CFO 1.09b > Net Income 1.18b |
| Net Debt (2.70b) to EBITDA (2.26b): 1.20 < 3 |
| Current Ratio: 0.49 > 1.5 & < 3 |
| Outstanding Shares: last quarter (154.5m) vs 12m ago 4.57% < -2% |
| Gross Margin: 50.48% > 18% (prev 38.23%; Δ 12.24% > 0.5%) |
| Asset Turnover: 25.47% > 50% (prev 18.49%; Δ 6.97% > 0%) |
| Interest Coverage Ratio: 9.88 > 6 (EBIT TTM 1.67b / Interest Expense TTM 169.5m) |
| A: -0.05 (Total Current Assets 458.3m - Total Current Liabilities 927.7m) / Total Assets 9.13b |
| B: 0.25 (Retained Earnings 2.27b / Total Assets 9.13b) |
| C: 0.18 (EBIT TTM 1.67b / Avg Total Assets 9.09b) |
| D: 1.03 (Book Value of Equity 4.63b / Total Liabilities 4.50b) |
| Altman-Z'' = 2.79 = A |
| DSRI: 0.58 (Receivables 237.5m/298.3m, Revenue 2.31b/1.67b) |
| GMI: 0.76 (GM 38.23% / 50.48%) |
| AQI: 11.58 (AQ_t 0.82 / AQ_t-1 0.07) |
| SGI: 1.38 (Revenue 2.31b / 1.67b) |
| TATA: 0.01 (NI 1.18b - CFO 1.09b) / TA 9.13b) |
| Beneish M = 2.96 (Cap -4..+1) = D |
As of July 09, 2026, the stock is trading at USD 33.18 with a total of 1,749,616 shares traded. Over the past week, the price has changed by -2.21%, over one month by -0.90%, over three months by -14.00% and over the past year by +2.38%.
Current recommended Stop Loss: 31.40 (which is 5.4% or 2 ATR below the current price).
CNX Resources has received a consensus analysts rating of 2.46. Therefore, it is recommended to sell CNX.
- StrongBuy: 1
- Buy: 0
- Hold: 6
- Sell: 3
- StrongSell: 3
| Analysts Target Price | 38.6 | 16.5% |
P/E Trailing = 4.4507
P/E Forward = 12.5313
P/S = 2.1394
P/B = 1.0348
P/EG = 1.9254
Revenue TTM = 2.31b USD
EBIT TTM = 1.67b USD
EBITDA TTM = 2.26b USD
Long Term Debt = 2.16b USD (from longTermDebt, last quarter)
Short Term Debt = 261.0m USD (from shortTermDebt, last quarter)
Debt = 2.71b USD (from shortLongTermDebtTotal, last quarter) + Leases 169.7m
Net Debt = 2.70b USD (calculated: Debt 2.71b - CCE 6.18m)
Enterprise Value = 7.42b USD (4.72b + Debt 2.71b - CCE 6.18m)
Interest Coverage Ratio = 9.88 (Ebit TTM 1.67b / Interest Expense TTM 169.5m)
EV/FCF = 13.32x (Enterprise Value 7.42b / FCF TTM 557.4m)
FCF Yield = 7.51% (FCF TTM 557.4m / Enterprise Value 7.42b)
FCF Margin = 24.08% (FCF TTM 557.4m / Revenue TTM 2.31b)
Net Margin = 50.94% (Net Income TTM 1.18b / Revenue TTM 2.31b)
Gross Margin = 50.48% ((Revenue TTM 2.31b - Cost of Revenue TTM 1.15b) / Revenue TTM)
Gross Margin QoQ = 64.25% (prev 47.64%)
Tobins Q-Ratio = 0.81 (Enterprise Value 7.42b / Total Assets 9.13b)
Interest Expense / Debt = 6.26% (Interest Expense 169.5m / Debt 2.71b)
Taxrate = 21.62% (325.1m / 1.50b)
NOPAT = 1.31b (EBIT 1.67b * (1 - 21.62%))
Current Ratio = 0.49 (Total Current Assets 458.3m / Total Current Liabilities 927.7m)
Debt / Equity = 0.58 (Debt 2.71b / totalStockholderEquity, last quarter 4.63b)
Debt / EBITDA = 1.20 (Net Debt 2.70b / EBITDA 2.26b)
Debt / FCF = 4.84 (Net Debt 2.70b / FCF TTM 557.4m)
Total Stockholder Equity = 4.29b (last 4 quarters mean from totalStockholderEquity)
RoA = 12.97% (Net Income 1.18b / Total Assets 9.13b)
RoE = 27.46% (Net Income TTM 1.18b / Total Stockholder Equity 4.29b)
RoCE = 25.94% (EBIT 1.67b / Capital Employed (Equity 4.29b + L.T.Debt 2.16b))
RoIC = 15.51% (NOPAT 1.31b / Invested Capital 8.46b)
WACC = 6.47% (E(4.72b)/V(7.43b) * Re(7.37%) + D(2.71b)/V(7.43b) * Rd(6.26%) * (1-Tc(0.22)))
Discount Rate = 7.37% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -22.47 | Cagr: -8.06%
[DCF] Terminal Value 77.97% ; FCFF base≈471.5m ; Y1≈540.5m ; Y5≈795.5m
[DCF] Fair Price = 65.53 (EV 12.0b - Net Debt 2.70b = Equity 9.27b / Shares 141.5m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 48.33 | EPS CAGR: 10.24% | SUE: 3.12 | # QB: 5
Revenue Correlation: 14.71 | Revenue CAGR: 3.95% | SUE: 2.97 | # QB: 1
EPS current Quarter (2026-06-30): EPS=0.56 | Chg30d=-0.59% | Revisions=+40% | Analysts=6
EPS next Quarter (2026-09-30): EPS=0.54 | Chg30d=-1.10% | Revisions=+25% | Analysts=5
EPS current Year (2026-12-31): EPS=3.05 | Chg30d=-0.54% | Revisions=+40% | GrowthEPS=+21.7% | GrowthRev=-1.6%
EPS next Year (2027-12-31): EPS=4.20 | Chg30d=-0.78% | Revisions=+0% | GrowthEPS=+37.7% | GrowthRev=+0.3%
[Analyst] Revisions Ratio: +50% (up=6, down=1)