CNX Resources CorpCNXEarnings & Financial Report
CNX Resources Corporation is an American natural gas company based in Pittsburgh with operations in the Appalachian Basin, primarily in the Marcellus Shale and Utica Shale in Pennsylvania, Ohio and West Virginia. It also develops coalbed methane properties in Virginia along with a methane capture and abatement program. The company also has extensive midstream operations and is one of the largest producers of natural gas in the United States.
CNX Q4 FY2025 Key Financial Metrics
Revenue
$610.5M
Gross Profit
N/A
Operating Profit
N/A
Net Profit
$196.3M
Gross Margin
N/A
Operating Margin
N/A
Net Margin
32.1%
YoY Growth
347.0%
EPS
$1.58
CNX Resources Corp Q4 FY2025 Financial Summary
CNX Resources Corp reported revenue of $610.5M (up 347.0% YoY) for Q4 FY2025, with a net profit of $196.3M (up 235.7% YoY) (32.1% margin).
Key Financial Metrics
| Total Revenue | $610.5M |
|---|---|
| Net Profit | $196.3M |
| Gross Margin | N/A |
| Operating Margin | N/A |
| Report Period | Q4 FY2025 |
Revenue Breakdown
CNX Resources Corp Q4 FY2025 revenue of $610.5M breaks down across 7 segments, led by Natural Gas Reserves at $436.6M (71.5% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Natural Gas Reserves | $436.6M | 71.5% |
| Other | $66.8M | 10.9% |
| NG Ls | $38.1M | 6.2% |
| Coalbed Methane | $35.2M | 5.8% |
| Shale | $17.5M | 2.9% |
| Oil And Gas Purchased | $14.4M | 2.4% |
| Oil And Condensate | $1.9M | 0.3% |
CNX Resources Corp Revenue by Segment — Quarterly Trend
CNX Resources Corp revenue by segment across the last 4 reported quarters, showing how each business line (such as Natural Gas Reserves and Other) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q3 FY2024 |
|---|---|---|---|---|
| Natural Gas Reserves | $436.6M | — | $443.6M | — |
| Other | $66.8M | $98.3M | — | $62.3M |
| NG Ls | $38.1M | $36.7M | $39.8M | $46.2M |
| Coalbed Methane | $35.2M | $34.1M | — | $29.0M |
| Shale | $17.5M | $17.4M | — | $18.0M |
CNX Resources Corp Annual Revenue by Year
CNX Resources Corp annual revenue history includes year-by-year totals (for example, 2023 revenue was $3.4B).
CNX Resources Corp Quarterly Revenue & Net Profit History
CNX Resources Corp results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $610.5M | +347.0% | $196.3M | 32.1% |
| Q3 FY2025 | $583.8M | +37.6% | $202.1M | 34.6% |
| Q2 FY2025 | $962.4M | +199.4% | $432.5M | 44.9% |
| Q3 FY2024 | $424.2M | +21.0% | $65.5M | 15.4% |
| Q2 FY2024 | $321.4M | -61.7% | $-18.3M | -5.7% |
| Q1 FY2024 | $384.6M | -69.9% | $6.9M | 1.8% |
| Q4 FY2023 | $968.8M | -40.8% | $514.0M | 53.1% |
| Q3 FY2023 | $350.5M | +199.4% | $21.4M | 6.1% |
Income Statement
| Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $350.5M | $968.8M | $384.6M | $321.4M | $424.2M | $962.4M | $583.8M | $610.5M |
| YoY Growth | 199.4% | -40.8% | -69.9% | -61.7% | 21.0% | 199.4% | 37.6% | 347.0% |
Balance Sheet
| Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $8.49B | $8.63B | $8.66B | $8.60B | $8.54B | $8.99B | $8.90B | $9.09B |
| Liabilities | $4.54B | $4.27B | $4.35B | $4.35B | $4.28B | $4.90B | $4.79B | $4.76B |
| Equity | $3.96B | $4.36B | $4.31B | $4.25B | $4.26B | $4.09B | $4.12B | $4.34B |
Cash Flow
| Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $206.0M | $161.1M | $185.1M | $191.8M | $170.2M | $282.5M | $233.8M | $297.0M |