CNX Resources (CNX) AI Stock Analysis

• Market Cap: $5.30B
• Dividend Yield: N/A
• Average Volume (3M): 1.76M
• Price to Earnings (P/E): 27.5
• Beta (1Y): 0.60
• Revenue Growth: 43.30%
• EPS Growth: -43.07%
• Country: US
• Employees: 458
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Exploration & Production
• EPS (TTM): 0.49
• Shares Outstanding: 134,832,660
• 10 Day Avg. Volume: 1,421,484
• 30 Day Avg. Volume: 1,755,754
• PEG Ratio: 0.58
• Price to Book (P/B): 1.35
• Price to Sales (P/S): 3.86
• P/FCF Ratio: 20.14
• Enterprise Value/Market Cap: 1.54
• Enterprise Value/Revenue: 3.95
• Enterprise Value/Gross Profit: 6.07
• Enterprise Value/Ebitda: 7.72
• 1Y Price Target: $32.56
• Price Target Upside: -17.19% Downside
• Rating Consensus: Moderate Sell
• Number of Analyst Covering: 10
• EPS Forecast (FY): 2.25
• Revenue Forecast (FY): $2.00B

• Rating: 70 Outperform
• Price Target: $42.00 ▲(6.82% Upside)

CNX Resources' overall score is driven by strong technical indicators and operational efficiencies highlighted in the earnings call. However, concerns about cash flow management and valuation weigh on the score. The stock's bullish momentum is tempered by overbought signals, and regulatory uncertainties present risks.

Positive Factors

Operational Efficiency

Improved drilling efficiency reduces operational costs, enhancing profitability and competitiveness in the long term.

Strategic Acquisitions

Acquiring Utica rights strengthens CNX's asset base, supporting future growth and development in a key resource area.

Revenue Growth

Consistent revenue growth indicates robust market demand and effective business strategies, supporting long-term expansion.

Negative Factors

Cash Flow Challenges

Persistent cash flow issues can hinder investment in growth opportunities and strain financial flexibility.

Regulatory Uncertainty

Regulatory uncertainties can affect strategic planning and financial projections, posing long-term risks.

Infrastructure Investment Needs

Significant infrastructure investment is needed, which could increase capital expenditures and delay project timelines.

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 Appalachian Basin. The company operates in the upstream sector of the energy industry, specializing in the extraction and production of natural gas from shale formations. CNX is committed to sustainable practices and innovative technologies to enhance its operational efficiency and environmental stewardship. Its core products include natural gas, natural gas liquids, and associated byproducts, catering to both domestic and international markets.

How the Company Makes Money

CNX Resources generates revenue primarily through the sale of natural gas and natural gas liquids produced from its extensive reserves in the Appalachian Basin. The company employs a revenue model that includes both spot market sales and long-term contracts with utilities, industrial customers, and other energy companies. Key revenue streams include the sale of produced natural gas, which is influenced by market prices and demand, as well as the monetization of its assets through joint ventures and partnerships. Additionally, CNX may benefit from hedging strategies that protect against price volatility. The company’s strategic alliances and collaborations with other energy firms further enhance its operational capabilities and market reach, contributing significantly to its earnings.

CNX Resources Financial Statement Overview

Summary

CNX Resources shows strong revenue growth and profitability, with a stable balance sheet. However, cash flow management is a concern due to recent negative free cash flow growth, which needs improvement to support growth.

Income Statement

CNX Resources shows a strong revenue growth rate of 13.04% in the TTM period, indicating a positive trajectory. The gross profit margin of 42.43% and net profit margin of 13.56% reflect solid profitability. However, the company has experienced fluctuations in net income in previous years, which could pose a risk.

Balance Sheet

The debt-to-equity ratio of 0.68 indicates moderate leverage, which is manageable. The return on equity (ROE) of 7.27% in the TTM period shows a reasonable return for shareholders, although it has been volatile in previous years. The equity ratio of 46.22% suggests a stable capital structure.

Cash Flow

The operating cash flow to net income ratio of 0.25 in the TTM period is relatively low, indicating potential cash flow challenges. The negative free cash flow growth rate of -132.90% is concerning, highlighting cash flow management issues. However, the company has shown positive free cash flow in prior periods.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.06B	1.35B	1.46B	3.92B	2.38B	1.09B
Gross Profit	1.34B	806.18M	913.53M	3.26B	1.87B	634.50M
EBITDA	1.06B	489.50M	2.67B	399.37M	31.26M	597.64M
Net Income	292.29M	-90.49M	1.72B	-142.08M	-498.64M	-483.77M
Balance Sheet
Total Assets	8.90B	8.51B	8.63B	8.52B	8.10B	8.04B
Cash, Cash Equivalents and Short-Term Investments	4.74M	17.20M	443.00K	21.32M	3.56M	15.62M
Total Debt	2.80B	2.29B	2.37B	2.39B	2.27B	2.54B
Total Liabilities	4.79B	4.41B	4.27B	5.57B	4.40B	3.62B
Stockholders Equity	4.12B	4.10B	4.36B	2.95B	3.70B	4.42B
Cash Flow
Free Cash Flow	574.64M	275.45M	135.18M	669.26M	460.50M	307.78M
Operating Cash Flow	1.00B	815.78M	814.59M	1.24B	926.36M	795.07M
Investing Cash Flow	-806.49M	-484.47M	-509.38M	-528.29M	-420.61M	-438.97M
Financing Cash Flow	-178.19M	-276.68M	-326.09M	-688.96M	-523.78M	-350.79M

CNX Resources Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 39.32
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CNX, the sentiment is Positive. The current price of 39.32 is above the 20-day moving average (MA) of 36.60, above the 50-day MA of 34.04, and above the 200-day MA of 31.70, indicating a bullish trend. The MACD of 1.40 indicates Negative momentum. The RSI at 76.23 is Negative, neither overbought nor oversold. The STOCH value of 92.14 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CNX.

CNX Resources Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
VIST	76 Outperform	$4.68B	6.90	37.10%	―	50.79%	32.97%
CRC	72 Outperform	$3.96B	11.00	11.06%	3.31%	33.85%	-34.08%
CNX	70 Outperform	$5.30B	27.46	6.98%	―	43.30%	-43.07%
MUR	68 Neutral	$4.51B	32.18	2.76%	4.13%	-13.92%	-68.34%
CHRD	68 Neutral	$5.39B	36.71	2.02%	5.48%	8.43%	-86.63%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
MGY	65 Neutral	$4.44B	13.08	17.51%	2.55%	0.68%	-11.13%

CNX Resources Corporate Events

CNX Resources Balances Growth and Challenges in Q3 Earnings Call

The recent earnings call for CNX Resources painted a picture of balanced sentiment, highlighting both strong operational efficiencies and strategic acquisitions, while also acknowledging significant challenges. The company showcased its ability to enhance its asset base and production capabilities, yet faced hurdles such as regulatory uncertainties and infrastructure investment needs. This duality contributed to a balanced outlook for the company.

CNX Resources Reports Q3 2025 Earnings and Outlook

CNX Resources is a natural gas company operating in the energy sector, known for its focus on the exploration and production of natural gas, natural gas liquids (NGLs), and oil. The company is primarily engaged in the development of shale gas resources in the Appalachian Basin.