CNX Resources Corporation

NYSE:CNX Stock Report

Market Cap: US$4.9b

CNX Resources Future Growth

Future criteria checks 0/6

CNX Resources's revenue and earnings are forecast to decline at 0.4% and 23.7% per annum respectively. EPS is expected to decline by 22% per annum. Return on equity is forecast to be 11.4% in 3 years.

Key information

-17.6%

Earnings growth rate

-15.99%

EPS growth rate

Oil and Gas earnings growth3.7%
Revenue growth rate1.7%
Future return on equity11.39%
Analyst coverage

Low

Last updated17 Sep 2026

Recent future growth updates

Recent updates

Seeking Alpha • Sep 19

CNX Resources: Use The Time Left To Head To Industry Leaders And Cash

Summary CNX Resources remains unattractive due to persistent pricing discounts and looming demand destruction in the natural gas sector. I anticipate a challenging period for natural gas, with mild El Niño winter forecasts and industry-wide uncertainty suppressing near-term prices. CNX consistently sells gas below benchmark prices, raising concerns about further downside if demand weakens across the industry. Long-term prospects remain bullish due to export growth and data center demand. I prefer more cash or industry leaders over CNX now. Read the full article on Seeking Alpha
Narrative Update • Aug 13

CNX: Hedging And Buybacks Will Support Stronger Future Cash Returns

Analysts trimmed the blended price target for CNX Resources by about $1.53 to roughly $46.09. This reflects updated views on gas price headwinds, hedging benefits into 2027, and refreshed commodity assumptions across recent research coverage.
Narrative Update • Jul 29

CNX: Hedging And Oil Price Assumptions Will Shape Future Earnings Balance

CNX Resources' analyst price target has shifted modestly lower to $37.64 from $38.82, as analysts factor in updated commodity price assumptions, slightly softer profit margin expectations, and the mixed set of recent Street target revisions clustered in the low to mid $30s and low $40s. Analyst Commentary Recent research on CNX Resources shows a mix of cautious and more constructive views, with analysts reacting to commodity price shifts, hedging decisions, and relative valuation versus peers.
Narrative Update • Jun 26

CNX: Fair Value View Will Balance Tighter Oil Macro And Gas Oversupply Risk

Analysts have trimmed their average price targets for CNX Resources by $2, reflecting recent cuts from firms now guiding to $42 and $35 as they factor in updated oil and gas price outlooks and sector valuations. Analyst Commentary Recent research on CNX Resources highlights a cautious tone, with several firms trimming price targets even as they reassess broader oil and gas assumptions.
Narrative Update • Jun 12

CNX: Higher Oil Price Assumptions Will Drive Future Earnings Resilience

Analysts have reset their CNX Resources fair value estimate to $38.82 per share, a move shaped by updated commodity price views, a higher assumed discount rate, lower revenue growth and profit margin expectations, and a higher future P/E multiple relative to prior assumptions. Analyst Commentary Street research on CNX Resources reflects a mix of optimism about commodity exposure and caution around gas pricing and valuation, which helps explain the recent recalibration of fair value estimates.
Narrative Update • May 29

CNX: Fair Value Reset Weighs Oil Upside Against Gas And Execution Risks

Analysts now see fair value for CNX Resources at $34, up from $24. This reflects updated assumptions for lower discount rates, a different revenue and margin outlook, and a higher future P/E multiple informed by recent price target revisions across the Street.
Narrative Update • May 03

CNX: Higher Oil Assumptions And Buybacks Will Support Stronger Future Cash Returns

Analysts have trimmed the average price target on CNX Resources slightly by about $0.40, reflecting mixed recent research. Several firms raised targets based on higher oil price assumptions, while others introduced or reiterated more cautious views on the stock.
Narrative Update • Apr 19

CNX: Oil Price Assumptions And Aggressive Buybacks Will Shape Future Returns

Analysts have slightly lowered the CNX Resources price target to $37.46 from $37.62, reflecting revised assumptions around revenue growth, profit margins, and future P/E, while ongoing research updates show a mix of higher individual price targets and more cautious views on the stock. Analyst Commentary Recent research updates on CNX Resources point to a split view, with several firms raising price targets while others keep cautious stances or downgrade the shares.
Narrative Update • Apr 05

CNX: Future Cash Returns And Buybacks Will Support Stronger Shareholder Outcomes

Analysts have nudged their average price target on CNX Resources higher to $48, reflecting recent target increases from several firms and updated assumptions around discount rates, margins, and future P/E levels. Analyst Commentary Recent research on CNX Resources shows a mix of views, but the clearest trend in the reports provided is a series of higher price targets from multiple firms.
Narrative Update • Mar 22

CNX: Oil Price Tailwinds And Massive Buyback Will Shape Balanced Outlook

Analysts have nudged their blended price targets for CNX Resources higher to reflect a modest fair value move from about $37.23 to $37.62. This points to updated assumptions for stronger revenue growth, wider profit margins and a lower future P/E multiple, supported by a series of recent target increases across the Street.
Narrative Update • Mar 08

CNX: Higher P/E And Massive Buyback Will Likely Cap Future Upside

Analysts have inched their price target for CNX Resources higher to $37.23 from $36.62, citing updated assumptions around fair value, discount rate, revenue growth, profit margin, and future P/E that align with a recent series of target increases from major firms, even as one firm shifted its rating lower. Analyst Commentary Recent Street research on CNX Resources clusters around a series of higher price targets, alongside one downgrade, which gives you a mix of optimism and hesitation to weigh.
Narrative Update • Feb 21

CNX: Higher P/E Framework Will Constrain Upside Despite Expanded Buyback

Analysts have raised their price targets on CNX Resources by about $0.30, citing updates to fair value estimates along with modest adjustments to discount rates, revenue growth assumptions, profit margins and future P/E expectations. Analyst Commentary Recent research updates on CNX Resources show a cluster of price target revisions, with several firms adjusting their views on how the stock is valued relative to execution and growth expectations.
Analysis Article • Feb 17

There May Be Underlying Issues With The Quality Of CNX Resources' (NYSE:CNX) Earnings

CNX Resources Corporation's ( NYSE:CNX ) robust earnings report didn't manage to move the market for its stock. Our...
Narrative Update • Feb 07

CNX: Higher P/E Assumptions Will Limit Upside Despite Larger Buyback

Analysts have nudged their fair value estimate for CNX Resources up by about $1 to $36.29, reflecting recent price target increases across several firms, supported by updated assumptions on discount rates, revenue growth, profit margins and future P/E expectations. Analyst Commentary Recent research has centered on how CNX Resources is priced versus its updated fair value, with several firms adjusting their targets and one introducing a downgrade alongside a higher target.
Narrative Update • Jan 24

CNX: Mixed Rating Shifts Will Shape Cash Flow And Capital Return Outlook

Analysts have inched up their CNX Resources fair value estimate from about US$34.50 to around US$35.29. This reflects updated assumptions on revenue growth, profitability and a slightly higher discount rate, despite a mix of recent target hikes and a downgrade in Street research.
Narrative Update • Jan 08

CNX: Fair Value View Balances Weaker Cash Flow And Higher Future P/E

Narrative Update on CNX Resources Analysts now see fair value for CNX Resources at about $34.50, a modest increase of roughly $1 from prior estimates. This reflects adjusted expectations for slightly lower revenue growth, a small change in discount rate and profit margin, and a higher future P/E multiple following recent sector-wide target updates.
Narrative Update • Dec 17

CNX: Extended Tax Shield And Capital Discipline Will Drive Stronger Future Returns

Analysts modestly increased their consolidated price target for CNX Resources to approximately $46 per share from about $41. The revision reflects updated models that balance expectations for disciplined capital spending, extended tax advantages, and a constructive natural gas outlook against slightly weaker near term cash flow and margin forecasts.
Narrative Update • Dec 03

CNX: Future Cash Flow Will Likely Lag Amid Weak Gas Realizations

Analysts have nudged their blended price target on CNX Resources modestly higher, to roughly $33.57 from $33.00. They cite slightly stronger long term revenue growth expectations, a lower discount rate reflecting improved risk perceptions, and supportive sector level price target revisions, despite some downward adjustments tied to weaker near term gas realizations.
Narrative Update • Nov 19

CNX: Near-Term Cash Flow Is Expected To Fall Below Expectations

Analysts have raised their price target for CNX Resources from $32.21 to $33.00, citing improved revenue growth expectations and supportive natural gas sector trends. Analyst Commentary Recent research updates have provided a mixed outlook on CNX Resources, as analysts reassess price targets and expectations in light of near-term operational results and sector fundamentals.
Narrative Update • Nov 01

CNX: Cash Flow Stability And Gas Market Volatility Will Shape Outlook Ahead

CNX Resources’ analyst price target has increased modestly from $31.57 to $32.21, as analysts cite adjustments in discount rates and outlook. This follows near-term challenges in revenue growth and profit margin forecasts.
Narrative Update • Sep 17

AI Data Centers And Clean Gas Will Drive Future Success

Analysts have slightly reduced CNX Resources’ price target to $31.57, citing sustained natural gas oversupply and weak supply/demand dynamics, though some see valuation upside if gas prices recover. Analyst Commentary Bearish analysts cite persistently challenged Henry Hub natural gas prices due to ongoing industry oversupply through at least 2026, weighing on near-term fundamentals.
Seeking Alpha • Feb 08

CNX Resources: Headwinds From Underwater Hedges

Summary CNX Resources' stock has dropped 28% since my December 1st sell recommendation, driven by deflated optimism around New Technologies and unfavorable Treasury rulings on 45V tax credits. CNX's extensive hedging strategy, with 85% of 2025 production hedged, limits cash flow upside in a rising natural gas price environment, posing a significant headwind. Despite the Treasury's restrictive 45V tax credit rules, CNX's New Technologies unit's contribution to free cash flow is now more predictable, reducing downside risks. CNX's underwater hedges for 2025 and 2026, totaling over $650 million in losses at the current strip, severely limit its ability to benefit from higher future natural gas prices. Read the full article on Seeking Alpha
Seeking Alpha • Dec 02

CNX Resources: Look Elsewhere For Natural Gas Leverage

Summary CNX Resources' stock rose 102.6% YTD in 2024, outperforming peers due to heavy hedge coverage and optimism around its New Technologies unit. CNX's hedging strategy locks in prices, shielding cash flows from weak gas prices but limiting upside if gas prices rally. The New Technologies unit's potential tax credits for capturing coal mine methane have driven stock performance, but legislative approval remains uncertain. Despite recent outperformance, the Company's high valuation and fraying pillars of support suggest the stock is likely to underperform peers through 2025. Read the full article on Seeking Alpha
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New Narrative • Sep 03

New Technologies And Uncertain Returns Cast A Shadow Over Future Financial Stability

Ramping up the New Technologies division and engaging in environmental attribute sales introduces costs and complexities that may negatively impact net margins.
Seeking Alpha • Jan 07

CNX Resources: Favorable Weather Conditions Create An Opportunity For Gains

Summary CNX Resources is an American independent exploration and production company focused on natural gas production in the Appalachian Basin. The company's stock has underperformed peers but has shown improvement recently. Natural gas prices are expected to increase due to a winter storm and growing demand, which could benefit CNX Resources. CNX Resources devotes a considerable portion of its free cash flow to share buybacks and rewarding shareholders, so the increased FCF from rising gas prices should benefit shareholders. The company's stock is incredibly cheap relative to the broader market. Read the full article on Seeking Alpha
Seeking Alpha • Oct 31

CNX Resources: Third Quarter Results Weak, But Firm Enjoys Financial Strength

Summary CNX Resources Corporation reported disappointing Q3 2023 earnings, missing analyst expectations for both revenues and net income. The decline in revenues was largely attributed to lower natural gas prices compared to the same quarter last year. Despite the challenging results, the company remains optimistic about long-term fundamentals and expects improved free cash flow in the future. The company has been focused on improving its balance sheet, which is nice as it has no near-term debt maturities. The valuation could be questionable compared to some of its peers, but it is not too bad overall. Read the full article on Seeking Alpha

Earnings and Revenue Growth Forecasts

NYSE:CNX - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/20282,3446568701,2013
12/31/20272,2035986701,2854
12/31/20262,3897534861,1814
6/30/20262,1409495261,088N/A
3/31/20262,2381,1795571,091N/A
12/31/20252,0656335341,029N/A
9/30/20251,9292925751,001N/A
6/30/20251,813156472937N/A
3/31/20251,580-295343846N/A
12/31/20241,346-90275816N/A
9/30/20241,369568166708N/A
6/30/20241,337524110744N/A
3/31/20241,3261,01773751N/A
12/31/20231,4631,721135815N/A
9/30/20231,9732,3813511,096N/A
6/30/20232,8491,9334811,154N/A
3/31/20233,6251,4915341,147N/A
12/31/20223,924-1426691,235N/A
9/30/20223,972-6865371,046N/A
6/30/20223,419-1,132523996N/A
3/31/20222,758-1,5205781,043N/A
12/31/20212,384-499460926N/A
9/30/20211,811-933393834N/A
6/30/20211,420-265390843N/A
3/31/20211,223-57289747N/A
12/31/20201,086-484308795N/A
9/30/20201,122-951125749N/A
6/30/20201,203-631-20831N/A
3/31/20201,375-322N/A939N/A
12/31/20191,544-81N/A981N/A
9/30/20191,714293N/A1,062N/A
6/30/20191,777302N/A996N/A
3/31/20191,767182N/A935N/A
12/31/20181,755797N/A886N/A
9/30/20181,549981N/A857N/A
6/30/20181,423834N/A799N/A
3/31/20181,324914N/A696N/A
12/31/20171,198295N/A649N/A
9/30/2017340-323N/A558N/A
6/30/2017585-241N/A539N/A
3/31/2017748-598N/A546N/A
12/31/2016848-551N/A464N/A
9/30/20161,831-178N/A490N/A
6/30/20161,829-116N/A437N/A
3/31/20161,880-458N/A407N/A
12/31/2015751-650N/A512N/A
9/30/20152,467-328N/A491N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: CNX's earnings are forecast to decline over the next 3 years (-23.7% per year).

Earnings vs Market: CNX's earnings are forecast to decline over the next 3 years (-23.7% per year).

High Growth Earnings: CNX's earnings are forecast to decline over the next 3 years.

Revenue vs Market: CNX's revenue is expected to decline over the next 3 years (-0.4% per year).

High Growth Revenue: CNX's revenue is forecast to decline over the next 3 years (-0.4% per year).

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: CNX's Return on Equity is forecast to be low in 3 years time (11.4%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/21 19:26
End of Day Share Price 2026/09/18 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

CNX Resources Corporation is covered by 37 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Joseph AllmanBaird
Wei JiangBarclays
Peter WardBarclays