CNX Resources (CNX) AI Stock Analysis

• Market Cap: $4.49B
• Dividend Yield: N/A
• Average Volume (3M): 1.95M
• Price to Earnings (P/E): 53.7
• Beta (1Y): 0.66
• Revenue Growth: 38.21%
• EPS Growth: -67.24%
• Country: US
• Employees: 458
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Exploration & Production
• EPS (TTM): 1.45
• Shares Outstanding: 141,418,560
• 10 Day Avg. Volume: 1,649,287
• 30 Day Avg. Volume: 1,945,358
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.89
• Enterprise Value/Revenue: 3.65
• Enterprise Value/Gross Profit: 9.02
• Enterprise Value/Ebitda: 9.55
• 1Y Price Target: $31.44
• Price Target Upside: -1.04% Downside
• Rating Consensus: Moderate Sell
• Number of Analyst Covering: 10

• Rating: 66 Neutral
• Price Target: $33.00 ▲(3.87% Upside)

CNX Resources' overall stock score reflects a balance of operational efficiency and financial leverage concerns. Strong cash flows and promising production performance are offset by high valuation and profitability challenges. The earnings call provided positive insights into operational execution but also highlighted uncertainties in tax credits and production levels.

Positive Factors

Operational Efficiency

Strong operational efficiency with production exceeding expectations indicates effective management and resource utilization, supporting long-term growth.

Utica Wells Performance

The positive performance of Utica wells suggests a competitive advantage and potential for future growth in production and profitability.

Cash Flow Management

Effective cash flow management ensures liquidity and financial stability, allowing CNX to invest in growth opportunities and manage industry volatility.

Negative Factors

Profitability Challenges

Negative net profit margins highlight ongoing operational challenges, which could hinder long-term profitability and growth if not addressed.

Financial Leverage Concerns

High financial leverage may limit financial flexibility and increase risk, potentially impacting the company's ability to invest in future growth.

Uncertainty Around Tax Credits

Uncertainty around tax credits could impact financial planning and cash flow, affecting the company's ability to optimize tax benefits and manage costs.

CNX Resources Business Overview & Revenue Model

Company Description

CNX Resources Corporation, an independent natural gas and midstream company, acquires, explores for, develops, and produces natural gas properties in the Appalachian Basin. The company operates in two segments, Shale and Coalbed Methane. It produces and sells pipeline quality natural gas primarily for gas wholesalers. The company owns rights to extract natural gas in Pennsylvania, West Virginia, and Ohio from approximately 526,000 net Marcellus Shale acres; and approximately 610,000 net acres of Utica Shale, as well as rights to extract natural gas from other shale and shallow oil and gas positions from approximately 1,006,000 net acres in Illinois, Indiana, New York, Ohio, Pennsylvania, Virginia, and West Virginia. It also owns rights to extract coalbed methane (CBM) in Virginia from approximately 282,000 net CBM acres in Central Appalachia, as well as 1,733,000 net CBM acres in West Virginia, Pennsylvania, Ohio, Illinois, Indiana, and New Mexico. In addition, the company designs, builds, and operates natural gas gathering systems to move gas from the wellhead to interstate pipelines or other local sales points; owns and operates approximately 2,600 miles of natural gas gathering pipelines, as well as various natural gas processing facilities. It also offers turn-key solutions for water sourcing, delivery, and disposal for its natural gas operations and for third parties. The company was formerly known as CONSOL Energy Inc. and changed its name to CNX Resources Corporation in November 2017. CNX Resources Corporation was founded in 1860 and is headquartered in Canonsburg, Pennsylvania.

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	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.33B	1.44B	1.46B	3.92B	2.39B	1.08B
Gross Profit	943.17M	415.77M	475.50M	2.80B	1.36B	131.99M
EBITDA	890.80M	515.99M	2.80B	376.96M	29.76M	81.80M
Net Income	155.72M	-90.49M	1.72B	-142.08M	-498.64M	-428.74M
Balance Sheet
Total Assets	8.99B	8.51B	8.63B	8.52B	8.10B	8.04B
Cash, Cash Equivalents and Short-Term Investments	0.00	17.20M	443.00K	21.32M	3.56M	15.62M
Total Debt	2.73B	2.29B	2.37B	2.39B	2.27B	2.54B
Total Liabilities	4.90B	4.41B	4.27B	5.57B	4.40B	3.62B
Stockholders Equity	4.09B	4.10B	4.36B	2.95B	3.70B	4.42B
Cash Flow
Free Cash Flow	-24.29M	275.45M	135.18M	669.26M	460.50M	307.78M
Operating Cash Flow	440.97M	815.78M	814.59M	1.24B	926.36M	795.07M
Investing Cash Flow	-908.79M	-484.47M	-509.38M	-528.29M	-420.61M	-438.97M
Financing Cash Flow	-16.34M	-276.68M	-326.09M	-688.96M	-523.78M	-350.79M

CNX Resources Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 31.77
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• 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 31.77 is below the 20-day moving average (MA) of 32.50, above the 50-day MA of 31.07, and above the 200-day MA of 30.91, indicating a neutral trend. The MACD of 0.20 indicates Positive momentum. The RSI at 47.80 is Neutral, neither overbought nor oversold. The STOCH value of 39.42 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
VIST	―	$4.49B	6.67	37.10%	―	50.79%	32.97%
CRC	―	$3.92B	6.40	24.36%	3.31%	58.35%	210.80%
MUR	―	$3.98B	14.48	5.42%	4.56%	-18.08%	-49.36%
MGY	―	$4.45B	12.14	19.24%	2.55%	2.67%	-5.79%
CHRD	―	$5.21B	23.16	3.13%	5.87%	19.55%	-81.10%
CNX	―	$4.49B	53.74	3.73%	―	38.21%	-67.24%
Sector *	―	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%

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.