(CNX) CNX Resources - Overview
Sector: Energy | Industry: Oil & Gas E&P | Exchange: NYSE (USA) | Market Cap: 5.287m USD | Total Return: 13.1% in 12m
Avg Turnover: 65.2M
EPS Trend: 48.3%
Qual. Beats: 5
Rev. Trend: 12.2%
Qual. Beats: 1
Warnings
Earnings expected to drop: P/E 5.0 → Forward 13.4
Beneish M-Score 1.00 > -1.5 - likely earnings manipulation
Below Avwap Earnings
Tailwinds
No distinct edge detected
CNX Resources Corporation is an independent natural gas producer and midstream operator focused on the Appalachian Basin. The company manages two primary segments: Shale and Coalbed Methane (CBM). Its operations encompass the full lifecycle of natural gas production, including the acquisition of mineral rights, exploration, and the development of extraction sites across Pennsylvania, West Virginia, and Ohio.
The business model integrates upstream production with midstream infrastructure, utilizing approximately 2,600 miles of gathering pipelines and processing facilities to transport gas to wholesale markets. This vertical integration is common among large Appalachian producers to reduce transportation costs and manage regional price differentials. Additionally, the company provides water management services, including sourcing and disposal, for both internal operations and third-party clients.
You can further evaluate these operational segments and financial trends by reviewing the data on ValueRay. Founded in 1860 and formerly known as CONSOL Energy Inc., CNX maintains a significant footprint in the Marcellus and Utica shale formations, which are among the lowest-cost natural gas producing regions in North America.
- Natural gas price volatility in the Appalachian Basin impacts core upstream revenue
- Low-cost production profile and midstream ownership protect free cash flow margins
- Federal and state environmental regulations increase compliance costs for shale operations
- Strategic expansion into alternative fuel markets diversifies traditional natural gas revenue
- Aggressive share buyback programs influence equity valuation and earnings per share growth
| 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 -73.27%; Δ 52.99% < -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 0.58%; Δ 4.99k% > 0.5%) |
| Asset Turnover: 25.47% > 50% (prev 17.46%; Δ 8.00% > 0%) |
| Interest Coverage Ratio: 9.88 > 6 (EBITDA TTM 2.26b / 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: 0.50 (Book Value of Equity 2.27b / Total Liabilities 4.50b) |
| Altman-Z'' = 2.24 = BBB |
| DSRI: 0.54 (Receivables 237.5m/298.3m, Revenue 2.31b/1.58b) |
| GMI: 1.14 (GM 50.48% / 57.77%) |
| AQI: 11.58 (AQ_t 0.82 / AQ_t-1 0.07) |
| SGI: 1.47 (Revenue 2.31b / 1.58b) |
| TATA: 0.01 (NI 1.18b - CFO 1.09b) / TA 9.13b) |
| Beneish M = 3.35 (Cap -4..+1) = D |
As of May 24, 2026, the stock is trading at USD 35.55 with a total of 1,312,248 shares traded.
Over the past week, the price has changed by -2.16%,
over one month by -8.40%,
over three months by -7.61% and
over the past year by +13.14%.
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 | 39 | 9.7% |
P/E Forward = 13.369
P/S = 2.3625
P/B = 1.1036
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 = 7.99b USD (5.29b + Debt 2.71b - CCE 6.18m)
Interest Coverage Ratio = 9.88 (Ebit TTM 1.67b / Interest Expense TTM 169.5m)
EV/FCF = 14.33x (Enterprise Value 7.99b / FCF TTM 557.4m)
FCF Yield = 6.98% (FCF TTM 557.4m / Enterprise Value 7.99b)
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 = 0.87 (Enterprise Value 7.99b / Total Assets 9.13b)
Interest Expense / Debt = 6.26% (Interest Expense 169.5m / Debt 2.71b)
Taxrate = 18.73% (80.3m / 428.4m)
NOPAT = 1.36b (EBIT 1.67b * (1 - 18.73%))
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 = 16.07% (NOPAT 1.36b / Invested Capital 8.46b)
WACC = 6.70% (E(5.29b)/V(7.99b) * Re(7.52%) + D(2.71b)/V(7.99b) * Rd(6.26%) * (1-Tc(0.19)))
Discount Rate = 7.52% (= 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: 12.24 | Revenue CAGR: 3.49% | SUE: 2.97 | # QB: 1
EPS current Quarter (2026-06-30): EPS=0.53 | Chg30d=-19.40% | Revisions=-56% | Analysts=6
EPS next Quarter (2026-09-30): EPS=0.53 | Chg30d=-21.68% | Revisions=-56% | Analysts=5
EPS current Year (2026-12-31): EPS=3.02 | Chg30d=+0.30% | Revisions=+20% | GrowthEPS=+20.5% | GrowthRev=-1.1%
EPS next Year (2027-12-31): EPS=4.28 | Chg30d=-0.35% | Revisions=+20% | GrowthEPS=+41.7% | GrowthRev=+0.8%
[Analyst] Revisions Ratio: -56%