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CNX Resources Q4 Earnings and Sales Beat Estimates, Production Up Y/Y
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Key Takeaways
CNX posted Q4 EPS of 68 cents and $419M in revenue, beating estimates as production climbed 7.3% Y/Y.
CNX saw average selling prices rise to $2.75/Mcfe while total production costs fell to $1.72/Mcfe.
CNX repurchased $100M of shares in Q4 and reduced debt by $122M by exchanging convertible notes.
CNX Resources Corporation (CNX - Free Report) reported fourth-quarter 2025 operating earnings of 68 cents per share, which beat the Zacks Consensus Estimate of 40 cents by 70.0%. The bottom line also increased 19.3% from 57 cents in the year-ago quarter.
CNX’s Revenues
The company reported revenues of $419 million, which topped the Zacks Consensus Estimate of $373 million by 12.3%. The top line also rose 8.6% from the prior-year quarter’s $386 million.
CNX reported total revenues of $1.73 billion in 2025 compared with $ 1.47 billion in 2024, reflecting a year-over-year increase of 18.13%.
CNX Resources Corporation. Price, Consensus and EPS Surprise
The average selling price in the quarter was $ 2.75 per thousand cubic feet equivalent (Mcfe), up 1.1% from the year-ago figure of $2.72. The total production cost was $ 1.72 per Mcfe, down 0.58% year over year.
Total production volumes were 152.3 billion cubic feet equivalent (Bcfe), up 7.3% year over year.
Interest expenses totaled $42 million, up 13.5% year over year.
During the fourth quarter, CNX Resources repurchased 2.9 million shares at an average price of $34.05 per share for a total cost of $100 million. Over the past 21 quarters, CNX has incurred a total cost of $1.9 billion to repurchase nearly 98.2 million shares at an average price of $19.27 per share.
CNX reduced its debt by $122 million during the fourth quarter by exchanging a portion of convertible notes for common stock.
CNX’s Financial Update
As of Dec. 31, 2025, CNX Resources had cash and cash equivalents of $0.8 million compared with $17.2 million as of Dec. 31, 2024.
Long-term debt as of Dec. 31, 2025, was $2.21 billion compared with $1.84 billion as of Dec. 31, 2024.
Cash from operating activities for the year 2025 totaled $1.03 billion compared with $816 million in the year-ago period. Free cash flow amounted to $646 million.
Capital expenditure for the year totaled $495 million compared with $540.3 million in the year-ago period.
CNX’s Guidance
CNX Resources now expects total capital expenditure between $556 million and $586 million in 2026.
The company now expects 2026 production volume in the band of 605-620 Bcfe.
Total free cash flow is now expected to be $550 million.
CNX now expects 2026 adjusted EBITDAX in the range of $1.31-$1.36 billion
Antero Resources (AR - Free Report) is scheduled to report fourth-quarter results on Feb. 11. The Zacks Consensus Estimate for earnings is pegged at 52 cents per share, which indicates a year-over-year fall of 10.34%.
The Zacks Consensus Estimate for fourth-quarter sales is pinned at $1.30 billion, which suggests year-over-year growth of 11.5%.
Comstock Resources (CRK - Free Report) is scheduled to report fourth-quarter results on Feb. 12. The Zacks Consensus Estimate for earnings is pegged at 11 cents per share, which implies a year-over-year fall of 31.25%.
The Zacks Consensus Estimate for fourth-quarter sales is pinned at $467.93 million, which suggests year-over-year growth of 27.67%.
Gulfport Energy (GPOR - Free Report) is scheduled to report fourth-quarter results soon. The Zacks Consensus Estimate for earnings is pegged at $5.79 per share, which indicates a year-over-year increase of 20.63%.
The Zacks Consensus Estimate for fourth-quarter sales is pegged at $373.91 million, which implies a year-over-year rise of 55.88%.
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CNX Resources Q4 Earnings and Sales Beat Estimates, Production Up Y/Y
Key Takeaways
CNX Resources Corporation (CNX - Free Report) reported fourth-quarter 2025 operating earnings of 68 cents per share, which beat the Zacks Consensus Estimate of 40 cents by 70.0%. The bottom line also increased 19.3% from 57 cents in the year-ago quarter.
CNX’s Revenues
The company reported revenues of $419 million, which topped the Zacks Consensus Estimate of $373 million by 12.3%. The top line also rose 8.6% from the prior-year quarter’s $386 million.
CNX reported total revenues of $1.73 billion in 2025 compared with $ 1.47 billion in 2024, reflecting a year-over-year increase of 18.13%.
CNX Resources Corporation. Price, Consensus and EPS Surprise
CNX Resources Corporation. price-consensus-eps-surprise-chart | CNX Resources Corporation. Quote
Highlights of CNX’s Q4 Release
The average selling price in the quarter was $ 2.75 per thousand cubic feet equivalent (Mcfe), up 1.1% from the year-ago figure of $2.72. The total production cost was $ 1.72 per Mcfe, down 0.58% year over year.
Total production volumes were 152.3 billion cubic feet equivalent (Bcfe), up 7.3% year over year.
Interest expenses totaled $42 million, up 13.5% year over year.
During the fourth quarter, CNX Resources repurchased 2.9 million shares at an average price of $34.05 per share for a total cost of $100 million. Over the past 21 quarters, CNX has incurred a total cost of $1.9 billion to repurchase nearly 98.2 million shares at an average price of $19.27 per share.
CNX reduced its debt by $122 million during the fourth quarter by exchanging a portion of convertible notes for common stock.
CNX’s Financial Update
As of Dec. 31, 2025, CNX Resources had cash and cash equivalents of $0.8 million compared with $17.2 million as of Dec. 31, 2024.
Long-term debt as of Dec. 31, 2025, was $2.21 billion compared with $1.84 billion as of Dec. 31, 2024.
Cash from operating activities for the year 2025 totaled $1.03 billion compared with $816 million in the year-ago period. Free cash flow amounted to $646 million.
Capital expenditure for the year totaled $495 million compared with $540.3 million in the year-ago period.
CNX’s Guidance
CNX Resources now expects total capital expenditure between $556 million and $586 million in 2026.
The company now expects 2026 production volume in the band of 605-620 Bcfe.
Total free cash flow is now expected to be $550 million.
CNX now expects 2026 adjusted EBITDAX in the range of $1.31-$1.36 billion
CNX’s Zacks Rank
The company currently has a Zacks Rank #4 (Sell).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Upcoming Releases
Antero Resources (AR - Free Report) is scheduled to report fourth-quarter results on Feb. 11. The Zacks Consensus Estimate for earnings is pegged at 52 cents per share, which indicates a year-over-year fall of 10.34%.
The Zacks Consensus Estimate for fourth-quarter sales is pinned at $1.30 billion, which suggests year-over-year growth of 11.5%.
Comstock Resources (CRK - Free Report) is scheduled to report fourth-quarter results on Feb. 12. The Zacks Consensus Estimate for earnings is pegged at 11 cents per share, which implies a year-over-year fall of 31.25%.
The Zacks Consensus Estimate for fourth-quarter sales is pinned at $467.93 million, which suggests year-over-year growth of 27.67%.
Gulfport Energy (GPOR - Free Report) is scheduled to report fourth-quarter results soon. The Zacks Consensus Estimate for earnings is pegged at $5.79 per share, which indicates a year-over-year increase of 20.63%.
The Zacks Consensus Estimate for fourth-quarter sales is pegged at $373.91 million, which implies a year-over-year rise of 55.88%.