CNX Resources (NYSE:CNX) Announces Earnings Results, Beats Expectations By $0.94 EPS

CNX Resources (NYSE:CNX) issued its earnings results on Thursday. The oil and gas producer reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.94, FiscalAI reports. The business had revenue of $610.48 million during the quarter, compared to analysts’ expectations of $422.65 million. CNX Resources had a return on equity of 9.29% and a net margin of 28.28%.The business’s revenue for the quarter was up 347.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.97) EPS.

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 Stock Up 3.1%

Shares of NYSE CNX opened at $38.76 on Friday. The company has a quick ratio of 0.31, a current ratio of 0.44 and a debt-to-equity ratio of 0.52. The firm has a market cap of $5.23 billion, a PE ratio of 10.53, a P/E/G ratio of 0.39 and a beta of 0.63. The company’s fifty day simple moving average is $37.59 and its 200 day simple moving average is $33.77. CNX Resources has a 12-month low of $27.00 and a 12-month high of $42.13.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Scotiabank reiterated a “sector perform” rating and set a $44.00 price target on shares of CNX Resources in a report on Wednesday, January 21st. Weiss Ratings reissued a “hold (c)” rating on shares of CNX Resources in a research note on Monday, December 29th. Barclays lifted their price objective on CNX Resources from $34.00 to $35.00 and gave the stock an “underweight” rating in a research note on Friday. Zacks Research lowered shares of CNX Resources from a “hold” rating to a “strong sell” rating in a report on Monday, January 19th. Finally, Piper Sandler boosted their price target on shares of CNX Resources from $24.00 to $25.00 and gave the stock an “underweight” rating in a research report on Wednesday. One investment analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $35.90.

CNX Resources News Summary

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

• Positive Sentiment: Q4 results: CNX beat earnings and sales estimates; production rose ~7.3% year-over-year and management outlined 2026 capital spending and production targets. This beat helped lift sentiment after the quarter. CNX Resources Q4 Earnings and Sales Beat Estimates, Production Up Y/Y
• Positive Sentiment: Financial detail & disclosures: The company published its press release, slide deck and call materials showing revenue and EPS above consensus and provided detailed disclosure for investors to model cash flow and returns. CNX Reports Fourth Quarter Results
• Neutral Sentiment: Guidance & hedging: Management outlined flat production for 2026 and said it is targeting roughly 80% hedging for 2027 — a risk-management move that reduces cash-flow volatility but may limit upside if prices rally. CNX Resources outlines flat 2026 production while targeting 80% hedging for 2027
• Neutral Sentiment: Earnings call transparency: Full Q4 earnings-call transcripts and presentation slides are available for investors who want to assess management commentary on capital allocation, volumes and marketing strategy. CNX Resources Corporation (NYSE:CNX) Q4 2025 Earnings Call Transcript
• Negative Sentiment: Market reaction: Despite the beats, there was an earlier sell?off with shares falling — suggesting some investors were disappointed by guidance, hedging levels or forward-looking remarks. That dynamic can mute the upside from a quarter-beat. CNX Resources stock falls 3.6% despite strong Q4 earnings beat
• Negative Sentiment: Peer positioning & strategy concerns: Analyst commentary highlights CNX’s exposure to Pennsylvania dry gas markets, weaker realized prices versus some peers, and lingering management trust questions — factors that could cap multiple expansion. CNX Resources: The Company Will Do Fine, But Others Will Do Better

Institutional Investors Weigh In On CNX Resources

Several hedge funds and other institutional investors have recently modified their holdings of the company. CIBC Bancorp USA Inc. bought a new position in CNX Resources in the 3rd quarter valued at about $469,000. CANADA LIFE ASSURANCE Co lifted its holdings in shares of CNX Resources by 0.7% in the third quarter. CANADA LIFE ASSURANCE Co now owns 89,239 shares of the oil and gas producer’s stock valued at $2,900,000 after purchasing an additional 643 shares in the last quarter. Dark Forest Capital Management LP purchased a new position in shares of CNX Resources during the third quarter valued at approximately $391,000. Verition Fund Management LLC grew its holdings in CNX Resources by 217.8% during the third quarter. Verition Fund Management LLC now owns 179,158 shares of the oil and gas producer’s stock worth $5,755,000 after buying an additional 122,792 shares in the last quarter. Finally, Aquatic Capital Management LLC raised its position in CNX Resources by 293.5% in the 3rd quarter. Aquatic Capital Management LLC now owns 112,392 shares of the oil and gas producer’s stock valued at $3,610,000 after buying an additional 83,829 shares during the last quarter. Institutional investors own 95.16% of the company’s stock.

CNX Resources Company Profile

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.