CNX Resources (CNX) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

CNX Resources

NYSE•Energy•Oil & Gas E&P

$33.71-1.68(-0.05%)Pre-market

Market Cap

$4.97B

P/E

5.2x

P/S

1.9x

P/B

1.0x

CNX Resources Corporation, an independent natural gas and midstream company, engages in the acquisition, exploration, development, and production of natural gas properties in the Appalachian Basin. The company operates in two segments, Shale and Coalbed Methane (CBM). It produces and sells pipeline quality natural gas primarily for gas wholesalers. The company owns rights to extract natural gas from shale formations in Pennsylvania, West Virginia, and Ohio, as well as rights to extract natural gas from other Shale and shallow oil and gas formations primarily in Illinois, Indiana, New York, Ohio, Pennsylvania, Virginia, and West Virginia. In addition, the company designs, builds, and operates natural gas gathering systems to move natural gas from the wellhead to interstate pipelines or other local sales points; owns or operates approximately 2,600 miles of natural gas gathering pipelines as well as various natural gas processing facilities. Further, it offers turn-key solutions for water sourcing, delivery and disposal for its natural gas operations and supplies solutions for water sourcing as well as delivery and disposal 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 based in Canonsburg, Pennsylvania.

How this company scores

ExcellentMetricSide Score: 86/100

Strongest: Growth (24/25); weakest: Cash & Earnings Quality (19/25).

Profitability22/25

Growth24/25

Balance Sheet & Red Flags21/25

Cash & Earnings Quality19/25

Strengths

Growing revenueStrong marginsHigh ROERising earnings

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 5.2x5y range 1.5x – 31.0x

Currently near its 12-quarter median.

P/S · 1.9x5y range 0.8x – 29.4x

Currently near its 18-quarter median.

P/B · 1.0x5y range 0.7x – 1.6x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Red Flag

FCF consistently trails net income (avg 0.3x) — earnings may be inflated by non-cash items or aggressive accounting.

Price & Volume

Market Cap $4.97B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $2.60B
Q. Revenue: $618.48M
TTM EBITDA: $1.83B
TTM Op. Income: $1.26B
Q. Op. Income: $277.77M
TTM Net Income: $949.45M
Q. Net Income: $202.94M
EPS: $1.37
Shares Out.: $148.16M

$2.60B in TTM revenue grew 61.9% YoY, reaching $618.48M last quarter. TTM EBITDA of $1.83B and TTM operating income of $1.26B show growth is flowing through to the bottom line. TTM net income of $949.45M means revenue is converting into profit. Over the past year, TTM revenue is up 62% — a weakening trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 66.9%
Op. Margin: 44.9%
Net Margin: 32.8%

Op. margin of 44.9% is down 19.1% YoY — costs are rising relative to revenue. Net margin at 32.8% Over the past year, operating margin is down 30% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 5.2x
P/S Ratio: 1.9x
P/B Ratio: 1.0x

At 5.2x P/E, the stock trades below typical market levels. P/S of 1.9x and P/B of 1.0x provide additional context. P/E sits below typical market levels while revenue is growing. Over the past year, P/E is down 83% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $9.14B
Cash: $6.16M
Long-Term Debt: $2.22B
Book Value: $4.84B
D/E Ratio: 0.5
Debt/EBITDA: 5.4

With $9.14B in assets and $2.22B in long-term debt, D/E is 0.5and book value is $4.84B — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has fallen for 5 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $279.52M
TTM Free Cash Flow: $525.98M
FCF Margin: 20.2%
FCF / Net Income: 0.6

TTM FCF of $525.98M on $279.52M in operating cash flow. The FCF / Net Income ratio of 0.6x means cash covers only part of net income — earnings quality needs attention. Over the past year, free cash flow is up 11% — a weakening trend.