CNX Resources Corporation
31.77-0.12 (-0.38%)
Oct 29, 4:00:02 PM EDT · NYSE · CNX · USD
Key Stats
Market Cap
4.49BP/E (TTM)
37.82Basic EPS (TTM)
0.84Dividend Yield
0%Recent Filings
8-K
CNX Q2 profit surges on derivatives
CNX Resources reported Q2 2025 net income of $433 million, fueled by a $421 million gain on commodity derivatives amid higher natural gas prices, while production climbed 13% to 168 Bcfe from Q1. Average daily output hit 1,842 MMcfe, driven by Utica completions. Yet hedging locks in losses on 85% of 2025 volumes. Full-year guidance holds at 615-620 Bcfe and $575 million free cash flow.
10-Q
Q2 FY2025 results
CNX Resources swung to a strong quarter, posting net income of $432.5 million on $485.0 million in natural gas, NGLs, and oil revenue, up 105% year-over-year, while volumes climbed 25% to 167.6 Bcfe thanks to the Apex acquisition closed in January 2025 for $517.6 million cash. Shale segment drove the momentum, with earnings before tax jumping 37% to $196.1 million amid higher realized prices, though hedging losses shaved $0.23 per Mcfe off the topline. Operating cash flow hit $498.1 million year-to-date, funding $245.0 million in capex and $241.6 million in share repurchases, leaving $1.7 billion in revolver availability despite total debt rising to $2.6 billion. Free cash flow turned positive at $253.1 million year-to-date. Yet commodity price swings remain a persistent drag.
8-K
CNX appoints Shepard President
CNX Resources appointed Alan Shepard, its 44-year-old CFO since 2022, as President effective June 11, 2025, succeeding Nicholas DeIuliis who remains CEO. Shepard, who joined in 2020, has driven the seven-year plan, capital strategy, and the Apex Energy acquisition. No compensation changes. This dual role signals continuity in leadership.
8-K
Shareholders approve directors, auditors
CNX Resources Corporation's shareholders at the May 1, 2025 annual meeting elected all seven director nominees, including Nicholas J. DeIuliis and Maureen E. Lally-Green, to one-year terms with strong majorities exceeding 90% support in most cases. They ratified Ernst & Young LLP as independent auditors for the fiscal year ending December 31, 2025, with 138.8 million votes in favor. The advisory vote approved named executive officer compensation, passing 127.7 million to 2.8 million. All proposals cleared decisively.
10-Q
Q1 FY2025 results
CNX Resources posted a Q1 net loss of $197.7M, or $1.34 per diluted share, versus $6.9M net income last year, hammered by a $528.2M derivative loss that swung from a $7.5M gain. Natural gas, NGL, and oil revenue climbed 69% y/y to $551.1M on 5.3% higher volumes of 147.8 Bcfe and stronger gas prices at $3.66/Mcf, up from $2.17/Mcf, while gross margin held steady around 35% despite rising lease costs from water disposal. Operating cash flow rose 16% y/y to $215.7M, funding $131.5M in capex; free cash flow (derived) came in at $84.2M after $131.5M capex. The $517.6M Apex acquisition closed January 2025, all-cash for upstream and midstream assets in central Pennsylvania, boosting undeveloped leasehold without new goodwill. Total debt hit $2.7B, including $328.3M current portion from convertible notes, with $1.6B revolver availability and no covenant issues. Cash dipped to $2.6M from $17.2M at year-end. Pipeline capacity constraints could crimp future volumes.
AR
Antero Resources Corporation
31.62-0.26
CNQ
Canadian Natural Resources Limi
32.15+0.82
CNR
Core Natural Resources, Inc.
78.54-1.79
CTRA
Coterra Energy Inc.
23.34-0.04
EOG
EOG Resources, Inc.
106.00+0.10
EPSN
Epsilon Energy Ltd.
4.73-0.04
EQT
EQT Corporation
51.80-0.38
EXE
Expand Energy Corporation
100.41-0.59
OILCF
Permex Petroleum Corporation
3.60+0.00
PR
Permian Resources Corporation
12.53+0.23