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CNX Resources Corporation

CNX

Energy · 36.00 -2.0% today

Isolated · not yet confirmedMarket checked 11 Sept, 15:10 GMT-4

Market read

CNX Resources Corporation's current read is isolated; its market group is not confirming.

No new filing conclusion is available. 0 of 6 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 0 directly disclosed connections are confirming.

Company-2.0% todayVolume comparison unavailable
Market group0 of 6 activeNatural Gas Producers · unavailable
Disclosed network0 of 2 confirmingNo filing-linked name is confirming now
What would change this read
  • Capital expenditures increased $67 million primarily due to an increase in drilling and completions activity.

Invalidation: The isolated read changes if CNX's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Energy · Oil & Gas E&P

No new filing conclusion is available. 0 of 6 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 0 directly disclosed connections are confirming.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • Capital expenditures increased $67 million primarily due to an increase in drilling and completions activity.

Company research

Understand the business, not just the ticker

As of Sep 11, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations327
Usable filing statements219
Verified relationships0
Evidence supporting the case
  • Latest annual revenue changed +76.8% year over year.
  • Net margin changed +35.4 percentage points in the latest annual period.
  • Operating cash flow covered net income at 1.63x in the latest annual period.
Evidence challenging the case
  • Diluted shares increased 6.0% in the latest annual period.
  • Capital investment and capacity has repeated adverse evidence across 5 filings.
  • Credit and interest rates has repeated adverse evidence across 5 filings.
  • Energy and commodity prices has repeated adverse evidence across 5 filings.
Questions before a position
  • P/E is 18% below the available filing-peer median; determine whether growth and quality justify the difference.
  • EV/sales is 43% above the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context

Price as of Sep 10, 2026

36.68
6m-10.0%12m+26.0%24m
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-12-31$756.8M-39.8%$-2.31+8.4%
2022-12-31$1.3B+66.7%$-0.75-12.3%
2023-12-31$3.4B+172.4%$8.99+1.3%
2024-12-31$1.3B-63.1%$-0.60-21.2%
2025-12-31$2.2B+76.8%$3.98+6.0%

What management says matters

Persistent and emerging business drivers

Capital investment and capacitymixed · 5 filings
Cash flows from investing activities changed in the period-to-period comparison primarily due to the following items: • Capital expenditures increased $67 million primarily due to an increase in drilling and completions activity.
10-Q · Jul 30, 2026
Credit and interest ratesmixed · 5 filings
Cash flows from financing activities changed in the period-to-period comparison primarily due to the following items: • Proceeds from borrowings under the CNXM Credit Facility increased $24 million and repayments under the CNXM Credit Facility decreased $28 m…
10-Q · Jul 30, 2026
Energy and commodity pricesmixed · 5 filings
During the six months ended June 30, 2026, the Company released approximately $10 million of restricted cash that the Company was contractually obligated to maintain in an escrow account in accordance with the terms of the purchase agreement to acquire the na…
10-Q · Jul 30, 2026
Legal and regulatory exposurepositive · 1 filings
Negative public perception regarding our industry resulting from, among other things, operational incidents or concerns raised by advocacy groups, related to environmental, health, or community impacts has resulted in increased regulatory scrutiny, which has…
10-K · Feb 10, 2026

Valuation discipline

Descriptive valuation snapshot

Price/sales 2.6× · EV/sales 3.6×. Comparisons use only industry-matched filing peers.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

36.00-2.0% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 14:05 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for CNX. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Filing analysis

No comparable filing assessment is available yet

Jodie has not yet found a suitable current-versus-prior filing comparison for CNX. This does not mean the latest filing was neutral or immaterial.

Business ecosystem

The relationships behind CNX

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks 2 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

CNX is currently a Follower in the organic co-movement group Natural Gas Producers. This group is discovered from market behaviour rather than assigned from an industry taxonomy. No verified filing-linked names are available yet.

This group is retained as the last observed read for CNX; it is not active in the latest market snapshot.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.