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CNX Resources Corp(CNX)

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EXPLORE ADVISORIES AND THEIR HISTORY
QUALITY SIGNAL
1-STAR RATING
PASS
LAST CLOSE
$33.83
10/08/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
  • ALL
  • 1Y
  • 1M
  • 1W
  • BUY Advisory
  • SELL Advisory (Profit)
  • SELL Advisory (Loss)
  • Profit
  • Loss
  • PASS (Skip)
Upturn Stock price based on last close iconStock price based on last close
Simulated performance—not actual client returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for methodology, assumptions, and limitations.

Advisory Performance History (Simulated)Advisory Performance History info

Simulated performance—not actual client returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for methodology, assumptions, and limitations.

Upturn Advisory & Investor View for CNX

10/08/2026: CNX (1-star) is currently NOT-A-BUY. Pass it for now.

CNX Resources Corp is a specialized natural gas exploration and production company operating primarily in the Appalachian Basin. The company differentiates itself through a highly disciplined capital allocation strategy that emphasizes free cash flow and aggressive share repurchases over pure production growth. This approach has led to a leaner, more efficient business model compared to historical iterations. While the firm enjoys competitive advantages from its low-cost operations, it faces significant risks from commodity price volatility and regulatory challenges inherent to the energy sector. It may best suit value-oriented investors who prioritize cash flow management and corporate efficiency, though investors should monitor natural gas price trends and regulatory developments.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorMixed fitGrowth is constrained by a disciplined capital allocation strategy that emphasizes cash flow over aggressive production volume expansion.
Momentum investorStrong fit while signal remains positiveMomentum investors may find value during cycles of rising natural gas prices that correlate with improved company profitability.
Value investorStrong fitThe company's focus on intrinsic value and share repurchases often appeals to value-oriented investors seeking disciplined management.
Dividend investorWeak fitThe company does not currently prioritize a cash dividend, opting instead to return capital through share buybacks.
Low-risk investorWeak fitThe business remains highly exposed to commodity price volatility and regulatory risks inherent in the energy sector.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityHighRevenues are directly tied to the price of natural gas, which can fluctuate wildly due to global and domestic factors.
Valuation riskMediumMarket valuations for exploration and production companies can decouple from fundamentals during sector-wide shifts.
Competition risk (Natural Gas market)Medium / highCompetition from other Appalachian basin producers for pipeline capacity and market share affects margin realization.
Business qualityMediumThe company's reliance on a single major basin limits operational flexibility during localized disruptions.
Dividend incomeLow / noneInvestors seeking immediate, recurring income through dividends will find the capital structure unsuitable.
Execution riskMediumOperational success depends on maintaining low-cost drilling efficiency and managing complex environmental permitting.

Price Behavior

Downtrend
PRICE PATH

Downtrend

The stock has experienced a sustained decline in price over recent periods.

Smooth
PRICE STABILITY

Smooth

The stock has moved along a generally orderly path with only modest fluctuations.

Analysis of Past Performance

Type Stock
Historic Profit 33.35%
Avg. Invested days 47
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 2.0
Stock Returns Performance Upturn Returns Performance icon 3.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 10/08/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
CNX receives a 4-star rating, supported by solid unit economics, and solid company fundamentals. The rating is constrained by weak price momentum.

Company Fundamentals

★★★★★
CNX has solid overall fundamentals (4 stars), with solid financial health, strong growth momentum, and solid ownership. In FY2025 versus FY2024, strong earnings growth (+799.7%) and strong cash generation (FCF margin 24.9%) are partially offset by modest insider ownership of 4.32%.

Financial Health Rating

★★★★★
CNX's financial health is supported by solid profitability, including gross margin of 47.2% and operating margin of 36.8%. Liquidity is moderate (3 stars), which helps explain the 4-star overall score.

Growth Momentum Score

★★★★★
Earnings growth is CNX's strongest growth driver at +799.7% FY2025 versus FY2024 (strong, 5 stars). Revenue growth (+48.9%, strong) and free-cash-flow growth (+93.9%, strong) are also constructive, though not equally high across every growth measure.

Ownership

★★★★★
Institutional ownership is 93.4% and approximately 97.2% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership of 4.32% provides only moderate management-shareholder alignment.

Top 5 Institutional Investors

BlackRock Inc 12.96%
Dimensional Fund Advisors, Inc. 6.01%
State Street Corp 5.18%
Vanguard Portfolio Management, LLC 5.02%
Neuberger Berman Group LLC 4.70%

Unit Economics (Per $1K Revenue)

★★★★★
CNX generates approximately $472 of gross profit, $368 of operating income, and $249 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Strong margins and solid cash conversion support the rating, although capital efficiency remains soft.

Economic Dimensions

★★★★★
Effective Tax Rate: 21.14%

Quantitative Style Profile

★★★★★
CNX has a high-quality, liquid, relatively low-volatility profile. Weak momentum is the primary drawback.

Style Classification

Quality Focused

Value-OrientedQuality TiltLow VolatilitySmall / Mid Cap RiskShort Squeeze RiskHighly Liquid / Institution-Friendly

Key Highlights

Company Size Mid-Cap Stock
Market Capitalization 5.01B USD
Price to earnings Ratio 5.48
1Y Target Price 37.55
Price to earnings Ratio 5.48
1Y Target Price 37.55
Volume (30-day avg) 1.9M shares
Beta 0.69
52 Weeks Range 30.78 - 43.62
Updated Date 10/07/2026
52 Weeks Range 30.78 - 43.62
Updated Date 10/07/2026
Dividends yield (FY) -
Basic EPS (TTM) 6.18

How Company Makes Money

Business areaWhat it includesRetail investor read
Natural Gas ProductionExtraction and sale of dry natural gas from the Appalachian Basin.The company earns money primarily by selling the gas it pumps from the ground to industrial and utility customers.
Midstream/GatheringTransportation of gas through company-owned pipeline infrastructure.Fees from moving gas provide a secondary, more stable revenue stream compared to raw commodity sales.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

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Valuation

Trailing PE 5.48
Forward PE 8.42
Enterprise Value 7.26B
Price to Sales(TTM) 2.34
Enterprise Value 7.26B
Price to Sales(TTM) 2.34
Enterprise Value to Revenue 3.26
Enterprise Value to EBITDA 3.82
Shares Outstanding 147.94M
Shares Floating 143.77M
Shares Outstanding 147.94M
Shares Floating 143.77M
Percent Insiders 4.32
Percent Institutions 93.36

Icon representing Upturn AI-generated SWOT analysis summary Upturn AI Summary

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Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

About CNX Resources Corp

Exchange NYSE
Headquarters Canonsburg, PA, United States
IPO Launch date 1999-04-30
President, CEO & Director Mr. Alan K. Shepard
Sector Energy
Industry Oil & Gas E&P
Full time employees 390
Full time employees 390

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.

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