CNX Resources Corporation (CNX) Stock Price & Analysis
CNX Resources Corporation (CNX) closed at USD 35.73 on Thursday, October 22, 2026, up 1.62% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 35.16; the Oct 22, 2026 session ranged USD 34.66–35.81 on volume of 1,445,124 shares. Market capitalization is $5.29B, with a 52-week range of USD 30.78–43.62 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 10:07 UTC.
Also available as compact Markdown for AI agents: nexqual.com/CNX.md
Key facts (CNX)
- Last four reported quarters (through Jun 30, 2026): revenue $2.60B, net income $949M (36.5% margin), free cash flow $526M (SEC filings).
- Valuation: P/E 5.6x (avg 5.8x at the last 2 fiscal year-ends), net debt $2.22B.
- 1 of 80 tracked superinvestors hold CNX (13F, Q2 2026): 0 new, 1 added, 0 reduced, 0 unchanged.
- Analysts: Hold (mean 3.15 on a 1–5 scale) (13 analysts), mean target USD 37.25 (range 34–48).
- Next earnings: 2026-10-29, EPS estimate USD 0.56, revenue estimate $474M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (CNX)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $757M | $1.26B | $3.43B | $1.27B | $2.24B | $2.60B |
| Net income | -$499M | -$142M | $1.72B | -$90.5M | $633M | $949M |
| EPS (diluted) | -$2.31 | -$0.75 | $8.99 | -$0.60 | $3.98 | — |
| Free cash flow | $460M | $669M | $135M | $275M | $534M | $526M |
| Net margin | -65.9% | -11.3% | 50.1% | -7.1% | 28.3% | 36.5% |
| Revenue growth | -39.8% | +66.7% | +172.4% | -63.1% | +76.8% | — |
| Cash + short-term investments | $3.6M | $21.3M | $443K | $17.2M | $779K | — |
| Total debt | $2.21B | $2.21B | $2.21B | $2.17B | $2.42B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (CNX)
P/E 5.6x · P/S 2.0x · EV/Sales 2.9x · P/FCF 10.0x · P/B 1.1x · FCF yield 9.95% · Earnings yield 17.96% · Buyback yield (TTM) 10.16% · Net debt $2.22B · EV $7.50B
P/E at fiscal year-ends: Dec 2025 9.3x, Dec 2023 2.2x.
Superinvestors (SEC 13F-HR, Q2 2026) (CNX)
1 of 80 tracked investors hold CNX. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Mason Hawkins | Southeastern Asset Management | 8.25% | $158M | Added +16.2% |
Analysts (CNX)
Consensus Hold (mean 3.15 on a 1–5 scale), 13 analysts; mean target USD 37.25 (low 34, high 48).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-16 | Truist Securities | Target lowered | Hold | $35 → $34 |
| 2026-10-15 | Scotiabank | Initiated | Sector Perform | $34 |
| 2026-10-15 | Mizuho | Target lowered | Neutral | $42 → $38 |
| 2026-10-15 | Morgan Stanley | Target raised | Underweight | $32 → $34 |
| 2026-07-15 | Truist Securities | Upgrade | Sell → Hold | $35 |
| 2026-06-29 | Morgan Stanley | Target lowered | Underweight | $34 → $32 |
CNX revenue by business segment (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Shale | $418.2M | 67.6% | -4.0% |
| Coalbed Methane | $31.7M | 5.1% | +2.0% |
| Total revenue | $618.5M | 100% | — |
CNX revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Total Natural Gas, NGLs and Oil Revenue | $389.4M | 63.0% | -19.7% |
| — Natural Gas Commodity Swaps (Bcf) (part of Total Natural Gas, NGLs and Oil Revenue) | $326.9M | 52.9% | -26.3% |
| — NGL Revenue (part of Total Natural Gas, NGLs and Oil Revenue) | $57.8M | 9.3% | +45.1% |
| — Oil/Condensate Revenue (part of Total Natural Gas, NGLs and Oil Revenue) | $4.8M | 0.8% | +190.9% |
| Natural Gas, NGLs and Oil Revenue | $360.6M | 58.3% | -20.2% |
| Purchased Gas Revenue | $12.5M | 2.0% | +19.7% |
| Total revenue | $618.5M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
CNX customer concentration
In the period ended Dec 31, 2025, 2 direct customers each accounted for at least 10% (10%, 10%) of revenue, per the company's 10-K filed Feb 10, 2026. The company does not name them.
CNX analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.56 | $0.47 | +20.0% | $473.7M | 8 |
| Next quarter (ends Dec 2026) | $0.67 | $0.62 | +8.0% | $536.7M | 7 |
| Current fiscal year (ends Dec 2026) | $3.18 | $2.89 | +10.0% | $2.29B | 8 |
| Next fiscal year (ends Dec 2027) | $4.18 | $4.10 | +1.9% | $2.15B | 7 |
Key Statistics (as of October 23, 2026 at 10:07 UTC)
| Price | USD 35.73 |
|---|---|
| Change | ▲ 1.62% (up) |
| Previous Close | USD 35.16 |
| Open | USD 35.43 |
| Day Range | USD 34.66 – 35.81 |
| 52-Week Range | USD 30.78 – 43.62 |
| Volume | 1,445,124 shares |
| Market Cap | $5.29B |
| Exchange | NYQ |
Technical Analysis (CNX)
Nexqual's technical model rates CNX "BUY" based on 5 bullish and 1 bearish signals across 127 daily candles, as of October 23, 2026 at 10:07 UTC.
| Overall Signal | BUY |
|---|---|
| RSI (14) | 55.59 (neutral) |
| vs SMA50 | Above (USD 34.84) |
| MACD | 0.41 (positive) |
Analyst Ratings (CNX)
Wall Street analysts rate CNX "Hold" based on 13 analysts, with a mean price target of USD 37.25 (range USD 34–48), per Nexqual as of October 23, 2026 at 10:07 UTC.
| Consensus Rating | Hold |
|---|---|
| Analyst Count | 13 |
| Mean Target | USD 37.25 |
| High Target | USD 48 |
| Low Target | USD 34 |
| Buy / Hold / Sell | 1 / 10 / 2 |
Earnings (CNX)
| Next Earnings Date | 2026-10-29 |
|---|---|
| EPS Estimate | USD 0.56 |
| Revenue Estimate | $473.67M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.71 vs est 0.55 ▲ beat |
| 2026-03-31 | USD 1.2 vs est 0.97 ▲ beat |
| 2025-12-31 | USD 0.67 vs est 0.39 ▲ beat |
| 2025-09-30 | USD 0.49 vs est 0.37 ▲ beat |
Source: Nexqual, October 23, 2026 at 10:07 UTC.
Financials & Fundamentals (CNX)
| Total Revenue | $2.14B |
|---|---|
| Revenue Growth (latest quarter, YoY) | -18.10% |
| Gross Margin | +73.62% |
| Operating Margin | +62.88% |
| Profit Margin | +44.37% |
| ROE | +21.25% |
| Debt / Equity | 0.49 |
| Current Ratio | 0.72 |
| Total Cash | $6.16M |
| Total Debt | $2.38B |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $525.98M (20.2% of revenue) |
Source: Nexqual, October 23, 2026 at 10:07 UTC.
Financial Health Score (CNX)
Nexqual rates CNX Resources Corporation's overall financial health "Strong" across five dimensions, as of October 23, 2026 at 10:07 UTC.
| Growth | Strong — Revenue +77% YoY (annual) |
|---|---|
| Profitability | Strong — Gross margin 74%, operating 63% (last 12 months) |
| Balance Sheet | Mixed — $6M cash and investments vs $2.22B debt (Jun 2026, SEC) |
| Cash Flow | Strong — FCF $526M (last 4 quarters to Jun 2026, SEC), 20% margin |
| Efficiency | Strong — ROE 21%, ROA 8.7% |
Ownership (CNX)
| Insider Ownership | +4.32% |
|---|---|
| Institutional Ownership | +93.41% |
| Shares Outstanding | 147.94M |
| Float | 143.77M |
| Short % of Float | +15.82% |
Source: Nexqual, October 23, 2026 at 10:07 UTC.
Leadership (CNX)
CNX Resources Corporation is led by Alan K. Shepard, President, CEO & Director, per Nexqual as of October 23, 2026 at 10:07 UTC.
| President, CEO & Director | Alan K. Shepard |
|---|---|
| Chief Operating Officer | Navneet Behl |
| Senior Vice President of Compliance & Reporting | Hayley F. Scott |
| Chief Financial Officer | Ravi Srivastava |
Major Backers & Investors (CNX)
Notable institutional backers of CNX Resources Corporation include Neuberger Berman Group, LLC, American Century Companies Inc, Southeastern Asset Management Inc/TN/, according to Nexqual as of October 23, 2026 at 10:07 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Neuberger Berman Group, LLC | 4.7% |
| American Century Companies Inc | 3.21% |
| Southeastern Asset Management Inc/TN/ | 3.15% |
| SmallCap World Fund Inc | 2.79% |
| Capital Group | 2.43% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 12.96% |
| Vanguard Group | 9.16% |
| Dimensional Fund Advisors | 6.01% |
| State Street | 5.18% |
| Geode Capital | 2.98% |
Source: Nexqual, October 23, 2026 at 10:07 UTC.
From CNX Resources Corporation's Latest SEC 10-K Filing (filed 2026-02-10)
Key Strengths & Strategy (as disclosed to the SEC)
- CNX has formalized our approach in these areas to deliver results that are consistently safe, predictable and environmentally responsible.
Partnerships
- Included in CNX's 2026 capital expenditures is the first of three annual payments of $16 million associated with an agreement that grants CNX the right to acquire Utica Shale oil and gas rights that sit beneath the legacy Apex Energy footprint.
Legal & Regulatory Risks (Item 1A, quoted)
- Climate change risk, legislation, litigation, and regulation of greenhouse gas emissions at the federal or state level may increase our operating costs and reduce the value of our natural gas assets.
- Environmental regulations can increase costs and introduce uncertainty that could adversely impact the market for natural gas with potential short and long-term liabilities.
- Changes in federal or state tax laws focused on natural gas exploration and development could cause our financial position and profitability to deteriorate.
- Our future tax liability may be greater than expected if our net operating loss ("NOL") carryforwards are limited, CNX does not generate expected deductions, or tax authorities challenge certain of our tax positions.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| CRGY | Crescent Energy Company | USD 13.33 | ▼ 1.26% |
| CRC | California Resources Corporatio | USD 52.96 | ▼ 1.08% |
| MUR | Murphy Oil Corporation | USD 42.37 | ▼ 1.37% |
| CRK | Comstock Resources, Inc. | USD 13.97 | ▲ 1.45% |
| MGY | Magnolia Oil & Gas Corporation | USD 25.27 | ▼ 0.63% |
| MTDR | Matador Resources Company | USD 56.79 | ▼ 1.66% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 10:07 UTC. This page is informational and not investment advice.
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