CNXNYSECrude Petroleum & Natural GasFiscal year ends December 31
CNX Resources Corp
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 30, 2026
$35.68−0.23 (-0.64%)
Close on Oct 19, 2026
- Market cap
- $5.49B
- P/E (TTM)
- 5.7
- Dividend yield
- 0.00%
Margins
Share of revenue, fiscal years 2011 to 2025
Net margin
28.3%+66.7 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +76.8% | +21.1% | +12.2% | +6.4% | |
| Free cash flow | +93.9% | -7.3% | +11.6% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | -20.0% | -11.3% | 15.0% | |
| Return on assets | -8.4% | -5.7% | 7.2% | |
| Current ratio | 0.67 | 0.62 | 0.44 | |
| Debt to equity | 0.64 | 0.55 | 0.56 | |
| Capex to revenue | 22.7% | 38.7% | 22.1% | |
| Diluted shares | 229M | 199M | 160M |
Where the cash went
Fiscal 2021 to 2025, five years combined
CNX Resources generated $4.82B from operations and spent $4.58B on capital expenditure, dividends and share buybacks. 60% of that went back into the business.
Generated
$4.82B
Used
$4.58B
Capital expenditure$2.75B60%Dividends$00%Share buybacks$1.84B40%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin28.3%
×Asset turnover0.25×
×Equity multiplier2.09×
=Return on equity, FY202515.0%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 28.3% | 0.25× | 2.09× | 15.0% |
| FY2024 | -7.1% | 0.15× | 2.03× | -2.1% |
| FY2023 | 50.1% | 0.40× | 2.34× | 47.1% |
| FY2022 | -11.3% | 0.15× | 2.50× | -4.3% |
| FY2021 | -65.9% | 0.09× | 1.99× | -12.3% |
| FY2020 | -38.5% | 0.15× | 1.99× | -11.3% |
| FY2019 | -4.2% | 0.22× | 2.08× | -1.9% |
| FY2018 | 46.0% | 0.22× | 1.89× | 19.4% |
| FY2017 | 26.2% | 0.18× | 2.09× | 9.9% |
| FY2016 | -111.6% | 0.08× | 2.37× | -20.0% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
6of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$633.16M
- Cash generatingOperating cash flow above zero$1.03B
- Return on assets improvedROA up on the prior year-1.0% → 7.4%
- Earnings backed by cashOperating cash flow above net income$1.03B vs $633.16M
- Less leverageLong-term debt to assets fell21.6% → 24.3%
- Better liquidityCurrent ratio rose0.33 → 0.44
- No dilutionShare count did not rise151M → 160M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.15 → 0.26