NYSE : CNX
CNX Resources Corporation — Financial statements
Energy · Oil & Gas Exploration & Production · United States
Last price 37.49 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 5.36B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
CNX Resources Corporation (CNX) reported revenue of 2.11B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 2.00B | 1.96B | 1.25B | 1.38B | 3.84B | 2.28B |
| Other Revenue | 100.47M | 106.31M | 100.31M | 86.23M | 85.91M | 100.10M |
| Revenue | 2.11B | 2.07B | 1.35B | 1.46B | 3.92B | 2.38B |
| Cost of Revenue | 554.64M | 556.37M | 539.67M | 543.14M | 666.67M | 517.72M |
| Gross Profit | 1.55B | 1.51B | 806.18M | 919.53M | 3.26B | 1.87B |
| Selling, General & Admin | 148.70M | 147.30M | 151.74M | 125.34M | 121.70M | 112.76M |
| Other Operating Expenses | -437.88M | -107.58M | 158.50M | -1.89B | 2.73B | 1.70B |
| Operating Expenses | 272.07M | 620.35M | 801.43M | -1.32B | 3.32B | 2.35B |
| Operating Income | 1.28B | 888.66M | 4.75M | 2.24B | -61.84M | -483.86M |
| Interest Expense | -161.06M | -170.59M | -150.59M | -143.28M | -127.69M | -151.16M |
| Earnings From Equity Investments | -155.00K | -740.00K | -1.31M | 2.94M | 1.41M | 5.78M |
| Other Non Operating Income (Expenses) | -7.96M | -11.72M | -10.87M | -9.01M | -9.86M | -15.75M |
| EBT Excluding Unusual Items | 1.11B | 705.62M | -158.03M | 2.09B | -197.98M | -644.99M |
| Gain (Loss) on Sale of Assets | 11.66M | 97.17M | 24.71M | 132.37M | 8.98M | 42.21M |
| Legal Settlements | 1.00M | 1.00M | 20.00M | |||
| Other Unusual Items | -12.85M | -842.00K | -7.04M | -22.95M | -33.74M | |
| Pretax Income | 1.11B | 802.94M | -120.36M | 2.22B | -211.95M | -636.51M |
| Income Tax Expense | 196.36M | 169.78M | -29.87M | 502.21M | -69.87M | -137.87M |
| Earnings From Continuing Operations | 912.58M | 633.16M | -90.49M | 1.72B | -142.08M | -498.64M |
| Net Income to Company | 912.58M | 633.16M | -90.49M | 1.72B | -142.08M | -498.64M |
| Net Income | 912.58M | 633.16M | -90.49M | 1.72B | -142.08M | -498.64M |
| Net Income to Common | 912.58M | 633.16M | -90.49M | 1.72B | -142.08M | -498.64M |
| Shares Outstanding (Basic) | 142.97M | 141.45M | 151.31M | 162.49M | 189.51M | 215.97M |
| Shares Outstanding (Diluted) | 146.08M | 160.35M | 151.31B | 192.01M | 189.51M | 215.97M |
| EPS (Basic) | 6.38 | 4.48 | -0.60 | 10.59 | -0.75 | -2.31 |
| EPS (Diluted) | 6.27 | 3.98 | -0.60 | 8.99 | -0.75 | -2.31 |
| Free Cash Flow | 482.13M | 533.97M | 275.45M | 135.18M | 669.26M | 460.50M |
| Free Cash Flow Per Share | 3.30 | 3.33 | 0.00 | 0.70 | 3.53 | 2.13 |
| Gross Margin | 73.65% | 73.06% | 59.90% | 62.87% | 83.01% | 78.28% |
| Operating Margin | 60.73% | 43.03% | 0.35% | 153.14% | -1.58% | -20.30% |
| Profit Margin | 43.35% | 30.66% | -6.72% | 117.64% | -3.62% | -20.92% |
| Free Cash Flow Margin | 22.90% | 25.85% | 20.47% | 9.24% | 17.06% | 19.32% |
| EBITDA | 1.83B | 1.46B | 490.50M | 2.67B | 399.37M | 31.26M |
| EBITDA Margin | 86.88% | 70.82% | 36.45% | 182.78% | 10.18% | 1.31% |
| D&A For EBITDA | 550.62M | 574.11M | 485.75M | 433.59M | 461.21M | 515.12M |
| EBIT | 1.28B | 888.66M | 4.75M | 2.24B | -61.84M | -483.86M |
| EBIT Margin | 60.73% | 43.03% | 0.35% | 153.14% | -1.58% | -20.30% |
| Effective Tax Rate | 17.71% | 21.14% | 22.59% | |||
| Revenue as Reported | 2.60B | 2.24B | 1.27B | 3.43B | 1.26B | 756.79M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 1.98M | 779.00K | 17.20M | 443.00K | 21.32M | 3.56M |
| Trading Asset Securities | 5.45M | 14.60M | 228.00K | |||
| Cash & Short-Term Investments | 1.98M | 779.00K | 17.20M | 5.89M | 35.92M | 3.79M |
| Accounts Receivable | 140.93M | 264.66M | 179.55M | 116.12M | 348.46M | 330.12M |
| Other Receivables | 28.86M | 61.25M | 17.86M | 17.87M | 6.18M | 9.00M |
| Receivables | 169.79M | 325.91M | 197.41M | 133.99M | 354.64M | 339.12M |
| Inventory | 34.00M | 26.20M | 14.57M | 19.85M | 27.16M | 6.15M |
| Prepaid Expenses | 19.94M | 18.70M | 15.66M | 14.98M | 16.21M | 15.97M |
| Restricted Cash | 2.43M | 12.69M | 37.88M | |||
| Other Current Assets | 353.30M | 106.07M | 87.92M | 247.07M | 139.87M | 94.77M |
| Total Current Assets | 581.42M | 490.34M | 370.63M | 421.79M | 573.80M | 459.81M |
| Property, Plant & Equipment | 8.04B | 8.01B | 7.48B | 7.48B | 7.27B | 7.05B |
| Long-Term Investments | 4.87M | 498.00K | ||||
| Goodwill | 323.31M | 323.31M | 323.31M | 323.31M | 323.31M | 323.31M |
| Other Intangible Assets | 52.42M | 57.33M | 63.88M | 70.44M | 76.99M | 83.54M |
| Other Long-Term Assets | 166.84M | 209.80M | 271.25M | 329.02M | 265.44M | 188.08M |
| Total Assets | 9.16B | 9.09B | 8.51B | 8.63B | 8.52B | 8.10B |
| Accounts Payable | 146.17M | 158.81M | 123.25M | 147.36M | 191.34M | 121.75M |
| Accrued Expenses | 179.40M | 259.01M | 211.37M | 200.14M | 244.59M | 248.91M |
| Current Portion of Long-Term Debt | 208.09M | 327.77M | 330.02M | 11.38M | 2.93M | |
| Current Portion of Leases | 51.17M | 53.55M | 55.71M | 55.65M | 48.32M | 23.50M |
| Current Income Taxes Payable | 7.62M | 8.08M | 9.22M | 9.34M | 14.07M | 12.68M |
| Current Unearned Revenue | 8.62M | 14.59M | 20.70M | 15.83M | 22.09M | 18.98M |
| Other Current Liabilities | 145.06M | 422.24M | 374.58M | 64.65M | 781.01M | 525.82M |
| Total Current Liabilities | 538.05M | 1.12B | 1.12B | 823.00M | 1.31B | 954.58M |
| Long-Term Debt | 2.28B | 2.21B | 1.84B | 1.89B | 2.21B | 2.22B |
| Long-Term Leases | 98.81M | 129.95M | 70.56M | 95.03M | 134.07M | 34.89M |
| Pension & Post-Retirement Benefits | 29.22M | 29.79M | 31.66M | 30.34M | 41.15M | |
| Long-Term Deferred Tax Liabilities | 1.05B | 857.37M | 696.14M | 729.45M | 232.28M | 328.60M |
| Other Long-Term Liabilities | 355.30M | 403.25M | 656.58M | 697.80M | 1.65B | 823.56M |
| Total Liabilities | 4.33B | 4.76B | 4.41B | 4.27B | 5.57B | 4.40B |
| Common Stock | 1.44M | 1.43M | 1.49M | 1.55M | 1.71M | 2.04M |
| Additional Paid-In Capital | 2.49B | 2.36B | 2.35B | 2.38B | 2.51B | 2.83B |
| Retained Earnings | 2.35B | 1.98B | 1.75B | 1.98B | 448.99M | 877.89M |
| Comprehensive Income & Other | -5.46M | -5.68M | -5.71M | -7.30M | -6.51M | -14.52M |
| Total Common Equity | 4.83B | 4.34B | 4.10B | 4.36B | 2.95B | 3.70B |
| Shareholders' Equity | 4.83B | 4.34B | 4.10B | 4.36B | 2.95B | 3.70B |
| Total Liabilities & Equity | 9.16B | 9.09B | 8.51B | 8.63B | 8.52B | 8.10B |
| Total Debt | 2.43B | 2.60B | 2.29B | 2.37B | 2.40B | 2.28B |
| Net Cash (Debt) | -2.43B | -2.60B | -2.28B | -2.36B | -2.37B | -2.28B |
| Net Cash Per Share | -16.61 | -16.24 | -0.02 | -12.31 | -12.49 | -10.53 |
| Filing Date Shares Outstanding | 142.86M | 142.37M | 148.84M | 151.79M | 170.13M | 202.49M |
| Total Common Shares Outstanding | 143.87M | 142.59M | 148.88M | 154.38M | 170.84M | 203.53M |
| Working Capital | 43.37M | -634.04M | -751.94M | -401.21M | -739.00M | -494.77M |
| Book Value Per Share | 33.60 | 30.42 | 27.53 | 28.25 | 17.27 | 18.18 |
| Tangible Book Value | 4.46B | 3.96B | 3.71B | 3.97B | 2.55B | 3.29B |
| Tangible Book Value Per Share | 30.99 | 27.75 | 24.93 | 25.70 | 14.93 | 16.18 |
| Land | 179.21M | 179.68M | 180.41M | 187.32M | 193.15M | 194.66M |
| Machinery | 2.83B | 2.77B | 2.66B | 2.63B | 2.54B | 2.48B |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 912.58M | 633.16M | -90.49M | 1.72B | -142.08M | -498.64M |
| Depreciation & Amortization | 550.62M | 574.11M | 485.75M | 433.59M | 461.21M | 515.12M |
| Other Amortization | 9.44M | 10.73M | 11.35M | 9.28M | 8.46M | 27.05M |
| Loss (Gain) From Sale of Assets | -11.66M | -97.17M | -24.71M | -132.37M | -8.98M | -42.21M |
| Stock-Based Compensation | 23.41M | 23.68M | 20.09M | 20.23M | 16.38M | 16.56M |
| Other Operating Activities | -407.36M | -76.31M | 455.96M | -1.35B | 870.79M | 979.80M |
| Change in Accounts Receivable | 14.66M | -66.64M | -60.00M | 222.75M | -20.34M | -184.46M |
| Change in Inventory | -3.17M | -11.63M | 5.27M | 7.31M | -21.01M | 1.49M |
| Change in Accounts Payable | 11.74M | 21.61M | -4.19M | -55.31M | 53.77M | 3.01M |
| Change in Income Taxes | 72.00K | 17.00K | ||||
| Change in Other Net Operating Assets | 7.35M | 17.41M | 16.75M | -61.40M | 16.74M | 108.63M |
| Operating Cash Flow | 1.11B | 1.03B | 815.78M | 814.59M | 1.24B | 926.36M |
| Capital Expenditures | -625.47M | -494.99M | -540.33M | -679.40M | -565.75M | -465.86M |
| Sale of Property, Plant & Equipment | 51.17M | 107.66M | 60.73M | 170.03M | 37.46M | 45.25M |
| Cash Acquisitions | -10.26M | -517.60M | ||||
| Investment in Securities | 1.71M | 4.02M | -4.87M | |||
| Investing Cash Flow | -582.85M | -900.91M | -484.47M | -509.38M | -528.29M | -420.61M |
| Long-Term Debt Issued | 2.46B | 1.79B | 1.92B | 4.17B | 2.51B | |
| Total Debt Issued | 2.76B | 2.46B | 1.79B | 1.92B | 4.17B | 2.51B |
| Long-Term Debt Repaid | -2.10B | -1.86B | -1.92B | -4.29B | -2.78B | |
| Net Debt Issued (Repaid) | 18.85M | 367.29M | -61.61M | 1.87M | -115.93M | -264.60M |
| Issuance of Common Stock | 4.49M | 2.09M | 2.69M | 1.76M | 1.20M | 5.09M |
| Repurchase of Common Stock | -552.43M | -537.57M | -202.48M | -329.37M | -570.98M | -249.80M |
| Other Financing Activities | -8.60M | -1.47M | -15.27M | -356.00K | -3.25M | -14.48M |
| Financing Cash Flow | -537.68M | -169.65M | -276.68M | -326.09M | -688.96M | -523.78M |
| Net Cash Flow | -12.93M | -41.61M | 54.63M | -20.88M | 17.76M | -18.03M |
| Free Cash Flow | 482.13M | 533.97M | 275.45M | 135.18M | 669.26M | 460.50M |
| Free Cash Flow Margin | 22.90% | 25.85% | 20.47% | 9.24% | 17.06% | 19.32% |
| Free Cash Flow Per Share | 3.30 | 3.33 | 0.00 | 0.70 | 3.53 | 2.13 |
| Levered Free Cash Flow | 237.18M | 549.84M | 249.94M | 400.28M | 44.93M | 70.74M |
| Unlevered Free Cash Flow | 328.40M | 645.73M | 332.72M | 480.56M | 116.28M | 138.16M |
| Cash Interest Paid | 158.02M | 154.60M | 136.26M | 122.28M | 126.64M | 123.47M |
| Cash Income Tax Paid | 2.27M | |||||
| Change in Working Capital | 30.57M | -39.26M | -42.16M | 113.35M | 29.23M | -71.32M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 5.36B | 4.96B | 5.47B | 3.18B | 3.04B | 2.90B |
| Enterprise Value | 7.78B | 7.73B | 7.88B | 5.50B | 5.48B | 5.42B |
| Last Close Price | 37.49 | 36.77 | 36.67 | 20.00 | 16.84 | 13.75 |
| PE Ratio | 5.98 | 7.83 | 1.85 | |||
| Forward PE | 10.32 | 15.20 | 16.40 | 10.98 | 6.19 | 7.17 |
| PS Ratio | 2.54 | 2.40 | 4.07 | 2.17 | 0.78 | 1.22 |
| PB Ratio | 1.12 | 1.14 | 1.34 | 0.73 | 1.03 | 0.79 |
| P/TBV Ratio | 1.20 | 1.25 | 1.48 | 0.80 | 1.19 | 0.88 |
| P/FCF Ratio | 11.11 | 9.29 | 19.87 | 23.50 | 4.54 | 6.31 |
| P/OCF Ratio | 4.84 | 4.82 | 6.71 | 3.90 | 2.46 | 3.13 |
| PEG Ratio | 0.28 | 1.21 | 1.98 | 0.28 | 0.17 | |
| EV/Sales Ratio | 3.70 | 3.74 | 5.85 | 3.76 | 1.40 | 2.27 |
| EV/EBITDA Ratio | 4.26 | 5.29 | 16.06 | 2.06 | 13.72 | 173.38 |
| EV/EBIT Ratio | 6.09 | 8.70 | 1,658.61 | 2.46 | ||
| EV/FCF Ratio | 16.14 | 14.48 | 28.60 | 40.68 | 8.19 | 11.77 |
| Debt / Equity Ratio | 0.50 | 0.60 | 0.56 | 0.54 | 0.81 | 0.62 |
| Debt / EBITDA Ratio | 1.28 | 1.71 | 4.11 | 0.86 | 5.08 | 21.24 |
| Debt / FCF Ratio | 5.04 | 4.88 | 8.32 | 17.53 | 3.59 | 4.95 |
| Net Debt / Equity Ratio | 0.50 | 0.60 | 0.56 | 0.54 | 0.80 | 0.61 |
| Net Debt / EBITDA Ratio | 1.33 | 1.78 | 4.64 | 0.88 | 5.93 | 72.79 |
| Net Debt / FCF Ratio | 5.03 | 4.88 | 8.26 | 17.48 | 3.54 | 4.94 |
| Asset Turnover | 0.23 | 0.23 | 0.16 | 0.17 | 0.47 | 0.29 |
| Inventory Turnover | 17.11 | 27.29 | 31.36 | 23.11 | 40.04 | 65.52 |
| Quick Ratio | 0.32 | 0.29 | 0.19 | 0.17 | 0.30 | 0.36 |
| Current Ratio | 1.08 | 0.44 | 0.33 | 0.51 | 0.44 | 0.48 |
| Return on Equity (ROE) | 20.39% | 15.01% | -2.14% | 47.07% | -4.27% | -12.28% |
| Return on Assets (ROA) | 8.85% | 6.31% | 0.03% | 16.33% | -0.46% | -3.75% |
| Return on Invested Capital (ROIC) | 14.53% | 10.53% | 0.07% | 28.80% | -1.09% | -7.48% |
| Return on Capital Employed (ROCE) | 14.80% | 11.20% | 0.10% | 28.70% | -0.90% | -6.80% |
| Earnings Yield | 16.72% | 12.77% | -1.65% | 54.16% | -4.67% | -17.17% |
| FCF Yield | 9.00% | 10.77% | 5.03% | 4.25% | 22.02% | 15.86% |
| Buyback Yield / Dilution | 99.90% | 99.89% | -78,699.69% | -1.32% | 12.25% | -8.41% |
| Total Shareholder Return | 99.90% | 99.89% | -78,699.69% | -1.32% | 12.25% | -8.41% |