CNX Resources (NYSE:CNX) Releases Quarterly Earnings Results, Beats Estimates By $0.94 EPS

CNX Resources (NYSE:CNX) announced its quarterly earnings data on Thursday. The oil and gas producer reported $1.28 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.94, FiscalAI reports. CNX Resources had a return on equity of 9.10% and a net margin of 16.56%.The business had revenue of $610.48 million during the quarter, compared to the consensus estimate of $422.65 million. During the same period in the prior year, the company earned ($0.97) EPS. CNX Resources’s revenue for the quarter was up 347.0% on a year-over-year basis.

Here are the key takeaways from CNX Resources’ conference call:

• CNX is front‑loading capital with roughly 60% of 2026 CapEx in H1 while forecasting a flat production profile for the year to preserve flexibility to accelerate fracking in H2 if prices improve.
• The company is about 60% hedged for 2027 today and expects to be ~80% hedged heading into the year, with a weighted‑average NYMEX target near $4, which management says supports strong performance.
• Management reiterated confidence in the deep Utica program—three deep Utica wells came online in line with expectations, average Utica cost was ~$1,700 per foot, and spacing tests at 1,300′ and 1,500′ are underway.
• The PA Tier 1 REC market has softened and appears to be trading near the marginal cost of new renewables (limiting near‑term upside), while the 45Z business is expected to run at roughly $30 million annually on current production guidance.
• CNX will not chase short‑term spot gas moves and will only add activity tied to durable demand/infrastructure signals; management does not expect weather to materially disrupt operations in Q1.

CNX Resources Trading Up 1.9%

NYSE:CNX traded up $0.71 on Friday, reaching $38.31. 400,637 shares of the stock traded hands, compared to its average volume of 2,045,519. The company has a current ratio of 0.34, a quick ratio of 0.31 and a debt-to-equity ratio of 0.55. CNX Resources has a 1-year low of $27.00 and a 1-year high of $42.13. The company’s 50 day moving average is $37.55 and its 200-day moving average is $33.75. The firm has a market capitalization of $5.17 billion, a price-to-earnings ratio of 26.79, a price-to-earnings-growth ratio of 0.38 and a beta of 0.63.

Wall Street Analyst Weigh In

CNX has been the topic of a number of research analyst reports. Scotiabank restated a “sector perform” rating and issued a $44.00 price target on shares of CNX Resources in a research note on Wednesday, January 21st. JPMorgan Chase & Co. upgraded shares of CNX Resources from an “underweight” rating to a “neutral” rating and upped their price target for the stock from $36.00 to $38.00 in a report on Monday, December 8th. Piper Sandler raised their price objective on CNX Resources from $24.00 to $25.00 and gave the company an “underweight” rating in a report on Wednesday. Barclays boosted their price objective on CNX Resources from $34.00 to $35.00 and gave the stock an “underweight” rating in a research report on Friday. Finally, Morgan Stanley lifted their price target on CNX Resources from $31.00 to $32.00 and gave the company an “underweight” rating in a research note on Friday, January 23rd. One analyst has rated the stock with a Buy rating, eight have given a Hold rating and five have issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of $35.90.

Hedge Funds Weigh In On CNX Resources

A number of hedge funds have recently bought and sold shares of CNX. Balyasny Asset Management L.P. lifted its holdings in CNX Resources by 601.8% in the third quarter. Balyasny Asset Management L.P. now owns 1,105,456 shares of the oil and gas producer’s stock valued at $35,507,000 after buying an additional 947,931 shares during the period. AQR Capital Management LLC raised its position in shares of CNX Resources by 112.2% in the 2nd quarter. AQR Capital Management LLC now owns 1,007,486 shares of the oil and gas producer’s stock worth $33,932,000 after acquiring an additional 532,770 shares in the last quarter. Jump Financial LLC lifted its stake in shares of CNX Resources by 3,324.8% in the 3rd quarter. Jump Financial LLC now owns 250,012 shares of the oil and gas producer’s stock valued at $8,030,000 after purchasing an additional 242,712 shares during the period. HRT Financial LP boosted its position in shares of CNX Resources by 212.9% during the 2nd quarter. HRT Financial LP now owns 306,803 shares of the oil and gas producer’s stock valued at $10,333,000 after purchasing an additional 208,758 shares in the last quarter. Finally, Marshall Wace LLP boosted its position in shares of CNX Resources by 2,548.1% during the 3rd quarter. Marshall Wace LLP now owns 213,861 shares of the oil and gas producer’s stock valued at $6,869,000 after purchasing an additional 205,785 shares in the last quarter. Institutional investors own 95.16% of the company’s stock.

CNX Resources News Roundup

Here are the key news stories impacting CNX Resources this week:

• Positive Sentiment: Q4 earnings topped expectations (reported $0.68 EPS vs. ~$0.40 consensus), confirming stronger-than-forecast operating results that support near-term profitability. CNX Q4 Earnings Beat — Zacks
• Neutral Sentiment: Company posted official Q4 results and released prepared remarks/slide deck — provides transparency but no material upside surprises beyond the headline beat. PR Newswire: CNX Reports Fourth Quarter Results
• Neutral Sentiment: Earnings call and full transcripts are available for investors to parse management commentary and detail on cash flow, capex and capital allocation. CNX Q4 Earnings Call Transcript — Seeking Alpha
• Negative Sentiment: Shares initially fell after the print despite the beat — suggesting the market was disappointed by commentary or guidance nuances (profitability beat offset by conservative forward signals). CNX Stock Falls Despite Beat — Investing.com
• Negative Sentiment: Management guided to flat production for 2026 and said it is targeting ~80% hedging for 2027 — that caps commodity exposure (limits upside if gas prices rally) and helps explain cautious investor reaction. Flat 2026 Production, 80% Hedging Target — MSN
• Negative Sentiment: Analyst/commentary pieces highlight structural risks — heavy Pennsylvania dry-gas exposure, weaker realized pricing versus peers and lingering governance/management trust issues — factors that could justify a valuation discount versus better‑positioned peers. Analyst View — Seeking Alpha

About CNX Resources

CNX Resources Corporation is a natural gas and natural gas liquids producer with operations concentrated in the Appalachian Basin. Established as an independent, publicly traded entity in 2018 following its spinoff from Consol Energy, the company focuses on the exploration, development and production of hydrocarbon resources in the Marcellus and Utica shales across Pennsylvania, West Virginia and Ohio.

In addition to its upstream activities, CNX Resources has invested in midstream infrastructure through its subsidiary that gathers, processes and transports natural gas.