CNX Resources (CNX)
Produces Appalachian shale gas with integrated gathering, water, and mine-methane operations.
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Produces Marcellus and Utica natural gas and liquids across Appalachia, earning additional revenue from gathering and water services and mine-methane environmental attributes. Shale output dominates, tying results to gas prices, hedge coverage, and regional pipeline access.
Develops and sells natural gas, natural gas liquids, and condensate from Marcellus and Utica shale properties in Pennsylvania, West Virginia, and Ohio, with a smaller coalbed-methane and remediated-mine-gas operation centered in Virginia. Shale supplies nearly all production, and the acquired Apex footprint added stacked Marcellus and Utica leasehold plus associated infrastructure in central Pennsylvania.
Owns and operates gathering pipelines and processing facilities, provides third-party gathering and water services, and sells environmental attributes generated largely from mine-methane capture. Its interconnected systems can blend gas streams to meet pipeline specifications, while hedges cover a substantial share of expected production. Revenue remains exposed to natural-gas and environmental-credit prices, Appalachian pipeline capacity and third-party processing, and federal and state rules governing drilling, emissions, water, and pipelines.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jul 15, 2026 | Truist Financial | Target | Target: — | Target: $35 |
| Jul 15, 2026 | Truist Securities | Upgrade | ||
| May 27, 2026 | Mizuho Securities | Target | Target: $43 | Target: $42 |
| Mar 27, 2026 | Morgan Stanley | Target | Target: $32 | Target: $34 |
| Mar 24, 2026 | Truist Securities | Downgrade |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jul 15, 2026Cash & short-term investments $40.5M · Total debt $2.38B · Total assets $9.14B · Shareholders' equity $4.84B
- Revenue
- $618.5M
- Operating income
- $236.9M
- Net income
- $202.9M
No dividends on record.
| Institutions | 96.03% | 135.86M shares | |
|---|---|---|---|
| 396 holders · as of Jun 30, 2026 | |||
| Insiders | 1.91% | 2.70M shares | |
| 14 holders · as of Sep 22, 2026 | |||
| Other | 2.06% | 2.92M shares | |
| remainder | |||
141.48M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 13.56% | 19.18M | as of Jun 30, 2026 |
Dimensional Fund Advisors LPInstitution | 6.28% | 8.89M | as of Jun 30, 2026 |
State Street CorpInstitution | 5.41% | 7.66M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 5.25% | 7.43M | as of Jun 30, 2026 |
Neuberger Berman Group LLCInstitution | 4.91% | 6.95M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| May 4, 2026 | William N. Jr Thorndike | director | −28,800 | $38.25 |
| Mar 23, 2026 | Maureen Lally-Green | director | −23,631 | $39.52 |
| Feb 19, 2026 | Bernard Jr Lanigan | director | −46,119 | $40.60 |
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| CNX Resources | $33.34 | +1.60% | $4.85B | 5.4 | 10.0 | 2.0 | −35.7% |
| EQT | $51.30 | +0.90% | $31.80B | 11.2 | 15.6 | 3.4 | −29.2% |
| Expand Energy | $87.36 | +0.38% | $20.15B | 7.5 | 11.1 | 1.5 | −19.8% |
| Antero Resources | $35.78 | +3.94% | $10.58B | 9.9 | 8.4 | 1.9 | +29.6% |
| Range Resources | $39.15 | +2.17% | $8.95B | 10.6 | 10.7 | 2.7 | +19.1% |
| Gulfport Energy | $161.15 | +1.67% | $2.85B | 6.3 | 6.5 | 1.9 | +3.8% |
| Median | 9.9 | 10.7 | 1.9 | +3.8% |