CNX Resources (CNX) AI Stock Analysis

• Market Cap: $4.13B
• Dividend Yield: N/A
• Average Volume (3M): 2.07M
• Price to Earnings (P/E): 49.4
• Beta (1Y): 0.66
• Revenue Growth: 38.21%
• EPS Growth: -67.24%
• Country: US
• Employees: 458
• Sector: Energy
• Sector Strength: 62
• Industry: Oil & Gas Exploration & Production
• EPS (TTM): 0.60
• Shares Outstanding: 141,418,560
• 10 Day Avg. Volume: 1,554,276
• 30 Day Avg. Volume: 2,067,036
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 2.06
• Enterprise Value/Revenue: 3.65
• Enterprise Value/Gross Profit: 9.02
• Enterprise Value/Ebitda: 9.55
• 1Y Price Target: $31.67
• Price Target Upside: 8.50% Upside
• Rating Consensus: Moderate Sell
• Number of Analyst Covering: 9

• Rating: 67 Neutral
• Price Target: $35.00 ▲(19.90% Upside)

CNX Resources demonstrates strong cash flow management and operational efficiency, contributing positively to the overall score. Technical analysis reflects market uncertainty, and the high P/E ratio suggests potential overvaluation. The earnings call provided a balanced outlook with promising opportunities offset by uncertainties. Strategic focus on cost management and leveraging new opportunities in AI and environmental attributes could enhance future performance.

Positive Factors

Cash Flow

CNX's cash costs of $0.93/Mcfe were significantly below expectations, driving higher free cash flow of $188MM, which was 68% above consensus.

Financial Performance

CNX delivered a definitive beat in 2Q on the benefits of operating efficiency uptime and well performance, with production beat by 6% and capex 16% below consensus.

Negative Factors

Hedging Strategy

CFPS estimates for 2025 and 2026 are being lowered primarily due to projected hedge losses.

Stock Price

The share price is below the price where shares were repurchased last quarter, indicating potential challenges in achieving the price objective.

CNX Resources Business Overview & Revenue Model

Company Description

CNX Resources Corporation is a leading natural gas exploration and production company based in the United States, primarily focused on the Marcellus Shale region. The company is engaged in the development and production of natural gas and natural gas liquids, offering a range of services that include drilling, production, and operational management. CNX Resources is committed to sustainable and efficient energy practices, leveraging advanced technology and best-in-class operational strategies to optimize resource extraction and minimize environmental impact.

How the Company Makes Money

CNX Resources generates revenue primarily through the exploration, production, and sale of natural gas and natural gas liquids. The company's key revenue streams include the sale of natural gas to utility companies, industrial consumers, and other end-users, as well as the sale of natural gas liquids derived from its production processes. Additionally, CNX engages in hedging activities to manage price volatility and secure stable revenue. The company has established significant partnerships and contracts with various stakeholders in the energy sector, which provide a steady demand for its production. Factors contributing to its earnings include the pricing of natural gas in the market, operational efficiencies, and the strategic management of its resource assets.

CNX Resources Financial Statement Overview

Summary

CNX Resources faces profitability challenges with negative net income and fluctuating revenues. However, stable EBIT and EBITDA margins indicate operational efficiency. Despite high financial leverage, the company's robust equity position provides a strong foundation. Cash flows are strong, highlighting effective cash management. Strategic improvements in cost management and revenue growth are necessary for long-term financial health.

Income Statement

The company has shown fluctuating revenue with a decrease in the TTM period compared to previous years. The gross profit margin has been inconsistent, reflecting market volatility in the oil and gas sector. The net profit margin is negative, indicating operational challenges, but the EBIT and EBITDA margins are relatively stable, suggesting potential for operational efficiency improvements.

Balance Sheet

The debt-to-equity ratio is somewhat high, implying increased financial leverage, which could pose risks if not managed properly. However, the company maintains a strong equity position, indicating long-term solvency. Return on Equity (ROE) is currently negative due to net losses, but the equity ratio remains healthy, reflecting a solid foundation of stockholder investment.

Cash Flow

Despite a decline in free cash flow growth, the operating cash flow is robust relative to net income, suggesting strong cash-generating ability. The free cash flow to net income ratio is positive, indicating effective management in converting earnings to cash despite operational losses. Continued focus on capital expenditures and cash flow management will be crucial.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.44B	1.46B	3.92B	2.39B	1.08B
Gross Profit	415.77M	475.50M	2.80B	1.36B	131.99M
EBITDA	515.99M	2.80B	376.96M	29.76M	81.80M
Net Income	-90.49M	1.72B	-142.08M	-498.64M	-428.74M
Balance Sheet
Total Assets	8.51B	8.63B	8.52B	8.10B	8.04B
Cash, Cash Equivalents and Short-Term Investments	17.20M	443.00K	21.32M	3.56M	15.62M
Total Debt	2.29B	2.37B	2.39B	2.27B	2.54B
Total Liabilities	4.41B	4.27B	5.57B	4.40B	3.62B
Stockholders Equity	4.10B	4.36B	2.95B	3.70B	4.42B
Cash Flow
Free Cash Flow	275.45M	135.18M	669.26M	460.50M	307.78M
Operating Cash Flow	815.78M	814.59M	1.24B	926.36M	795.07M
Investing Cash Flow	-484.47M	-509.38M	-528.29M	-420.61M	-438.97M
Financing Cash Flow	-276.68M	-326.09M	-688.96M	-523.78M	-350.79M

CNX Resources Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 29.19
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CNX, the sentiment is Neutral. The current price of 29.19 is above the 20-day moving average (MA) of 28.96, below the 50-day MA of 31.47, and below the 200-day MA of 32.23, indicating a neutral trend. The MACD of -0.74 indicates Negative momentum. The RSI at 43.79 is Neutral, neither overbought nor oversold. The STOCH value of 76.39 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for CNX.

CNX Resources Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CRC	82 Outperform	$4.16B	6.81	24.36%	3.12%	58.35%	210.80%
MGY	79 Outperform	$4.61B	12.70	19.24%	2.40%	2.67%	-5.79%
CHRD	77 Outperform	$6.13B	27.12	3.13%	5.04%	19.55%	-81.10%
MUR	71 Outperform	$3.42B	12.65	5.42%	5.32%	-18.08%	-49.36%
CNX	67 Neutral	$4.13B	49.37	3.73%	―	38.21%	-67.24%
Sector *	65 Neutral	$15.25B	7.27	3.02%	5.36%	4.27%	-62.52%
VIST	65 Neutral	$3.71B	6.64	32.89%	―	51.55%	29.12%

CNX Resources Corporate Events

CNX Resources Appoints Alan Shepard as President

On June 11, 2025, CNX Resources Corporation announced the appointment of Alan Shepard as the company’s President, in addition to his role as Chief Financial Officer. Shepard, who joined the company in 2020 and has been CFO since June 2022, succeeds Nicholas DeIuliis, who remains as CEO and a board member. Shepard has played a key role in the company’s strategic initiatives, including the Apex Energy acquisition.

The most recent analyst rating on (CNX) stock is a Hold with a $33.00 price target. To see the full list of analyst forecasts on CNX Resources stock, see the CNX Stock Forecast page.