CNX Resources Corp (CNX) financial statements: income statement, balance sheet and cash flow
CNX Resources Corp's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), CNX Resources Corp reported revenue of $2.2B (+76.8% year on year) and net income of $633.2M (+799.7% year on year).
Income statement
CNX Resources Corp income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Revenue
$638.0M
$1.2B
$1.4B
$3.8B
Gain (Loss) on Commodity Derivative Instruments
$96.7M
($172.4M)
$1.9B
($2.7B)
Other Revenue and Operating Income
$183.4M
$193.6M
$129.9M
$87.3M
Total Revenue and Other Operating Income
$2.2B
$1.3B
$3.4B
$1.3B
Lease Operating Expense
$97.4M
$70.6M
$63.3M
$66.7M
Transportation, Gathering and Compression and Exploration and Production Related Other Costs
$393.6M
$390.7M
$392.4M
$378.0M
Production, Ad Valorem and Other Fees
$31.2M
$27.6M
$27.9M
$45.0M
Depreciation, Depletion and Amortization
$574.1M
$485.8M
$433.6M
$461.2M
Purchased Gas Costs
$42.6M
$57.2M
$69.9M
$185.4M
Selling, General and Administrative Costs
$140.3M
$145.7M
$125.3M
$121.7M
Other Operating Expense
$68.9M
$82.7M
$79.6M
$63.8M
Total Operating Expense
$1.3B
$1.3B
$1.2B
$1.3B
Other Expense (Income)
$13.7M
($6.1M)
$9.0M
$9.9M
Gain on Asset Sales and Abandonments, net
($97.2M)
($24.7M)
($132.4M)
($9.0M)
Loss on Debt Extinguishment
$842.0K
$7.0M
$0
$23.0M
Interest Expense
$170.6M
$150.6M
$143.3M
$127.7M
Total Other Expense
$88.0M
$126.8M
$19.9M
$151.5M
Total Costs and Expenses
$1.4B
$1.4B
$1.2B
$1.5B
Income (Loss) Before Income Tax
$802.9M
($120.4M)
$2.2B
($211.9M)
Income Tax Expense (Benefit)
$169.8M
($29.9M)
$502.2M
($69.9M)
Net Income (Loss)
$633.2M
($90.5M)
$1.7B
($142.1M)
Basic (in usd per share)
$4.48
-$0.60
$10.59
-$0.75
Diluted (in usd per share)
$3.98
-$0.60
$8.99
-$0.75
Dividends Declared Per Share (in usd per share)
$0.00
$0.00
$0.00
$0.00
CNX Resources Corp income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Revenues
$401.9M
$734.7M
$410.0M
$495.4M
Gain (Loss) on Commodity Derivative Instruments
$176.3M
$4.0M
$131.7M
$421.1M
Other Revenue and Operating Income
$40.3M
$47.9M
$42.1M
$45.9M
Total Revenue and Other Operating Income
$618.5M
$786.7M
$583.8M
$962.4M
Lease Operating Expense
$21.3M
$21.8M
$27.1M
$26.3M
Production, Ad Valorem and Other Fees
$6.5M
$8.8M
$7.7M
$9.7M
Transportation, Gathering and Compression and Exploration and Production Related Other Costs
$106.0M
$106.6M
$98.7M
$98.7M
Depreciation, Depletion and Amortization
$136.2M
$134.6M
$149.3M
$152.6M
Purchased Gas Costs
$12.2M
$12.3M
$8.5M
$9.4M
Selling, General, and Administrative Costs
$33.8M
$32.2M
$30.4M
$29.1M
Other Operating Expense
$24.6M
($4.6M)
$19.2M
$21.0M
Total Operating Expense
$340.7M
$311.6M
$340.9M
$346.7M
Other Expense
$1.2M
$509.0K
—
—
Loss (Gain) on Asset Sales and Abandonments, net
$626.0K
($6.4M)
($67.5M)
($17.7M)
Loss on Debt Extinguishment
$0
$12.0M
$0
$0
Interest Expense
$39.0M
$40.5M
$43.0M
$44.0M
Total Other Expense
$40.8M
$46.6M
($22.7M)
$30.1M
Total Costs and Expenses
$381.5M
$358.2M
$318.1M
$376.8M
Income Before Income Tax
$236.9M
$428.4M
$265.7M
$585.6M
Income Tax Expense
$34.0M
$80.3M
$63.6M
$153.1M
Net Income
$202.9M
$348.1M
$202.1M
$432.5M
Basic (in usd per share)
$1.37
$2.45
$1.45
$3.02
Diluted (in usd per share)
$1.32
$2.18
$1.21
$2.53
Dividends Declared (in usd per share)
$0.00
$0.00
$0.00
$0.00
Balance sheet
CNX Resources Corp balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and Cash Equivalents
$779.0K
$17.2M
$443.0K
$21.3M
Restricted Cash
$12.7M
$37.9M
—
—
Trade, net (Note 17)
$264.7M
$179.5M
$116.1M
$348.5M
Other Receivables, net
$61.2M
$17.9M
$17.9M
$6.2M
Supplies Inventories
$26.2M
$14.6M
$19.8M
$27.2M
Derivative Instruments (Note 19)
$106.1M
$87.9M
$252.5M
$154.5M
Prepaid Expenses
$18.7M
$15.7M
$15.0M
$16.2M
Total Current Assets
$490.3M
$370.6M
$421.8M
$573.8M
Property, Plant and Equipment
$14.1B
$13.0B
$12.5B
$11.9B
Less—Accumulated Depreciation, Depletion and Amortization
$6.2B
$5.7B
$5.2B
$4.8B
Total Property, Plant and Equipment—Net
$7.9B
$7.4B
$7.3B
$7.1B
Operating Lease Right-of-Use Assets (Note 13)
$150.3M
$98.7M
$139.5M
$174.8M
Derivative Instruments (Note 19)
$134.4M
$160.2M
$280.5M
$244.9M
Goodwill (Note 9)
$323.3M
$323.3M
$323.3M
$323.3M
Other Intangible Assets (Note 9)
$57.3M
$63.9M
$70.4M
$77.0M
Other
$75.4M
$111.1M
$48.5M
—
Total Other Non-Current Assets
$740.8M
$757.2M
$862.2M
$25.4M
TOTAL ASSETS
$9.1B
$8.5B
$8.6B
$8.5B
Accounts Payable
$158.8M
$123.2M
$147.4M
$191.3M
Derivative Instruments (Note 19)
$377.9M
$354.6M
$61.1M
$782.7M
Current Portion of Finance Lease Obligations (Note 13)
$5.1M
$4.2M
$1.9M
$881.0K
Current Portion of Long-Term Debt (Note 12)
$208.1M
$327.8M
$325.7M
—
Current Portion of Operating Lease Obligations (Note 13)
$48.5M
$51.5M
$53.8M
$47.4M
Other Accrued Liabilities (Note 11)
$326.0M
$261.2M
$233.2M
$290.5M
Total Current Liabilities
$1.1B
$1.1B
$823.0M
$1.3B
Long-Term Debt (Note 12)
$2.2B
$1.8B
$1.9B
$2.2B
Finance Lease Obligations (Note 13)
$25.0M
$21.0M
$5.5M
$2.0M
Operating Lease Obligations (Note 13)
$105.0M
$49.5M
$89.5M
$132.1M
Derivative Instruments (Note 19)
$158.4M
$429.5M
$526.6M
$1.5B
Deferred Income Taxes (Note 6)
$857.4M
$696.1M
$729.5M
$232.3M
Asset Retirement Obligations (Note 7)
$163.1M
$119.2M
$105.3M
$89.1M
Other
$111.1M
$137.6M
$97.6M
$74.3M
Total Non-Current Liabilities
$3.6B
$3.3B
$3.4B
$4.3B
TOTAL LIABILITIES
$4.8B
$4.4B
$4.3B
$5.6B
Common Stock, $0.01 Par Value; 500,000,000 Shares Authorized, 142,590,509 Issued and Outstanding at December 31, 2025; 148,879,640 Issued and Outstanding at December 31, 2024
1.4M
1.5M
1.5M
1.7M
Capital in Excess of Par Value
$2.4B
$2.3B
$2.4B
$2.5B
Preferred Stock, 15,000,000 Shares Authorized, None Issued and Outstanding
0
0
0
0
Retained Earnings
$2.0B
$1.8B
$2.0B
$449.0M
Accumulated Other Comprehensive Loss
($5.7M)
($5.7M)
($7.3M)
($6.5M)
TOTAL STOCKHOLDERS' EQUITY
$4.3B
$4.1B
$4.4B
$3.0B
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY
$9.1B
$8.5B
$8.6B
$8.5B
CNX Resources Corp balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Cash and Cash Equivalents
$6.2M
$3.7M
$4.7M
$3.4M
Restricted Cash
$2.4M
$2.4M
$10.2M
$10.1M
Trade, net
$163.8M
$209.5M
$141.3M
$180.2M
Other Receivables, net
$25.8M
$27.9M
$56.6M
$37.2M
Supplies Inventories
$32.5M
$30.1M
$30.8M
$39.3M
Derivative Instruments
$220.7M
$164.6M
$100.1M
$107.4M
Prepaid Expenses
$19.9M
$20.0M
$17.2M
$16.7M
Total Current Assets
$471.4M
$458.3M
$360.9M
$394.2M
Property, Plant and Equipment
$14.4B
$14.2B
$13.8B
$13.8B
Less—Accumulated Depreciation, Depletion and Amortization
$6.4B
$6.3B
$6.1B
$5.9B
Total Property, Plant and Equipment—Net
$7.9B
$7.9B
$7.8B
$7.9B
Operating Lease Right-of-Use Assets
$126.6M
$138.0M
$167.9M
$91.5M
Derivative Instruments
$165.5M
$184.3M
$118.4M
$167.6M
Goodwill
$323.3M
$323.3M
$323.3M
$323.3M
Other Intangible Assets
$54.1M
$55.7M
$59.0M
$60.6M
Other
$57.9M
$59.5M
$87.5M
$89.6M
Total Other Non-Current Assets
$727.4M
$760.7M
$758.5M
$735.0M
TOTAL ASSETS
$9.1B
$9.1B
$8.9B
$9.0B
Accounts Payable
$179.8M
$162.0M
$110.6M
$120.0M
Derivative Instruments
$174.9M
$244.3M
$316.7M
$403.1M
Current Portion of Finance Lease Obligations
$5.1M
$5.1M
$5.1M
$4.3M
Current Portion of Long-Term Debt
$0
$208.4M
$329.4M
$328.8M
Current Portion of Operating Lease Obligations
$46.8M
$47.5M
$48.1M
$47.8M
Other Accrued Liabilities
$251.3M
$260.4M
$255.3M
$293.6M
Total Current Liabilities
$657.9M
$927.7M
$1.1B
$1.2B
Long-Term Debt
$2.2B
$2.2B
$2.2B
$2.3B
Finance Lease Obligations
$22.4M
$23.7M
$26.2M
$19.2M
Operating Lease Obligations
$82.0M
$93.4M
$122.5M
$46.4M
Derivative Instruments
$78.9M
$107.9M
$251.2M
$342.6M
Deferred Income Taxes
$969.1M
$936.1M
$836.4M
$761.5M
Asset Retirement Obligations
$165.7M
$163.7M
$124.5M
$125.5M
Other
$93.3M
$93.5M
$115.4M
$115.4M
Total Non-Current Liabilities
$3.6B
$3.6B
$3.7B
$3.7B
TOTAL LIABILITIES
$4.3B
$4.5B
$4.8B
$4.9B
Common Stock, $.01 Par Value; 500,000,000 Shares Authorized, 149,036,879 Issued and Outstanding at June 30, 2026; 142,590,509 Issued and Outstanding at December 31, 2025
1.5M
1.4M
1.4M
1.4M
Capital in Excess of Par Value
$2.5B
$2.4B
$2.3B
$2.3B
Preferred Stock, 15,000,000 shares authorized, None issued and outstanding
0
0
0
0
Retained Earnings
$2.3B
$2.3B
$1.9B
$1.8B
Accumulated Other Comprehensive Loss
($5.5M)
($5.6M)
($5.5M)
($5.6M)
TOTAL STOCKHOLDERS' EQUITY
$4.8B
$4.6B
$4.1B
$4.1B
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY
$9.1B
$9.1B
$8.9B
$9.0B
Cash flow statement
CNX Resources Corp cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net Income (Loss)
$633.2M
($90.5M)
$1.7B
—
Depreciation, Depletion and Amortization
$574.1M
$485.8M
$433.6M
$461.2M
Amortization of Deferred Financing Costs
$10.7M
$11.3M
$9.3M
$8.5M
Stock-Based Compensation
$23.7M
$20.1M
$20.2M
$16.4M
Gain on Asset Sales and Abandonments, net
($97.2M)
($24.7M)
($132.4M)
($9.0M)
Loss on Debt Extinguishment
$842.0K
$7.0M
$0
$23.0M
(Gain) Loss on Commodity Derivative Instruments
($96.7M)
$172.4M
($1.9B)
$2.7B
Loss on Other Derivative Instruments
$0
$1.1M
$3.5M
($10.3M)
Net Cash (Paid) Received in Settlement of Commodity Derivative Instruments
($143.5M)
$307.9M
$79.5M
($1.7B)
Deferred Income Taxes
$161.2M
($33.9M)
$497.4M
($76.1M)
Other
$1.8M
$1.3M
($2.0M)
$5.6M
Accounts and Notes Receivable
($66.6M)
($60.0M)
$222.8M
($20.3M)
Supplies Inventories
($11.6M)
$5.3M
$7.3M
($21.0M)
Prepaid Expenses
($3.0M)
($675.0K)
$1.2M
($252.0K)
Changes in Other Assets
$22.5M
($47.1M)
$75.0K
$21.5M
Accounts Payable
$21.6M
($4.2M)
($55.3M)
$53.8M
Accrued Interest
$5.1M
$1.6M
$7.5M
$710.0K
Other Operating Liabilities
$18.9M
$21.0M
($67.1M)
($267.0K)
Changes in Other Liabilities
($26.0M)
$41.9M
($3.0M)
($5.0M)
Net Cash Provided by Operating Activities
$1.0B
$815.8M
$814.6M
$1.2B
Capital Expenditures
($495.0M)
($540.3M)
($679.4M)
($565.8M)
Proceeds from Asset Sales
$107.7M
$60.7M
$170.0M
$37.5M
Investment in Equity Affiliates
$4.0M
($4.9M)
—
—
Apex Acquisition (Net of Cash Acquired)
($517.6M)
—
—
—
Net Cash Used in Investing Activities
($900.9M)
($484.5M)
($509.4M)
($528.3M)
Payments on Long-Term Notes
$0
($356.5M)
$0
($385.7M)
Net Proceeds from Revolving Credit Facility Borrowings
$2.3B
$1.4B
$1.9B
—
Net Payments on Revolving Credit Facility Borrowings
($2.1B)
($1.5B)
($1.9B)
—
Proceeds from Issuance of CNX Senior Notes
$198.5M
$395.0M
$0
—
Payments on Other Debt
($4.5M)
($2.4M)
($1.6M)
($665.0K)
Proceeds from Issuance of Common Stock
$2.1M
$2.7M
$1.8M
$1.2M
Shares Withheld for Taxes
-14.0M
-18.3M
-9.5M
-5.9M
Purchases of Common Stock
($523.6M)
($184.2M)
($319.9M)
($565.1M)
Debt Issuance and Financing Fees
($1.5M)
($15.3M)
($356.0K)
($3.3M)
Net Cash Used in Financing Activities
($169.7M)
($276.7M)
($326.1M)
($689.0M)
Net (Decrease) Increase in Cash, Cash Equivalents, and Restricted Cash
($41.6M)
$54.6M
($20.9M)
$17.8M
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period
$55.1M
$443.0K
$21.3M
$3.6M
Cash, Cash Equivalents, and Restricted Cash at End of Period
$13.5M
$55.1M
—
$21.3M
CNX Resources Corp cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Net Income
$551.1M
$348.1M
$436.9M
$234.8M
Depreciation, Depletion and Amortization
$270.8M
$134.6M
$429.0M
$279.7M
Amortization of Deferred Financing Costs
$4.7M
$2.5M
$8.1M
$5.4M
Stock-Based Compensation
$11.5M
$5.7M
$19.1M
$13.9M
Gain on Asset Sales and Abandonments, net
($5.7M)
($6.4M)
($94.8M)
($27.3M)
Loss on Debt Extinguishment
$12.0M
$12.0M
$0
$0
(Gain) Loss on Commodity Derivative Instruments
($180.3M)
($4.0M)
($24.6M)
$107.1M
Net Cash Paid in Settlement of Commodity Derivative Instruments
($248.0M)
($288.4M)
($162.0M)
($172.4M)
Deferred Income Taxes
$111.7M
$78.7M
$140.1M
$65.3M
Other
$1.1M
$463.0K
$1.8M
$491.0K
Accounts and Notes Receivable
$110.5M
$63.0M
$49.0M
$9.8M
Supplies Inventories
($6.3M)
($3.9M)
($16.3M)
($24.7M)
Prepaid Expenses
($1.2M)
($1.3M)
($1.6M)
($1.1M)
Changes in Other Assets
$14.7M
$14.9M
$22.9M
$23.2M
Accounts Payable
($13.9M)
($9.4M)
($18.0M)
($57.0K)
Accrued Interest
($4.6M)
($25.5M)
($15.4M)
$5.9M
Other Operating Liabilities
($53.4M)
($26.2M)
($20.4M)
$381.0K
Changes in Other Liabilities
($17.6M)
($17.5M)
($22.1M)
($22.2M)
Net Cash Provided by Operating Activities
$557.0M
$277.5M
$731.9M
$498.1M
Capital Expenditures
($311.9M)
($169.9M)
($320.6M)
($245.0M)
Proceeds from Asset Sales
$32.8M
$32.4M
$105.2M
$37.4M
Investment in Equity Affiliates
($565.0K)
($565.0K)
($3.3M)
($3.3M)
Apex Acquisition (Net of Cash Acquired)
($10.3M)
($10.3M)
($517.6M)
($517.6M)
Net Cash Used in Investing Activities
($289.9M)
($148.3M)
($736.3M)
($728.5M)
Payments on Long-Term Notes
($508.0M)
($508.0M)
$0
$0
Net Proceeds from Revolving Credit Facility
$1.2B
$631.1M
$1.8B
$1.3B
Net Payments on Revolving Credit Facility
($1.2B)
($682.5M)
($1.6B)
($1.1B)
Proceeds from Issuance of CNX Senior Notes
$500.0M
$500.0M
$198.5M
$198.5M
Payments on Other Debt
($2.4M)
($1.3M)
($3.1M)
($1.9M)
Proceeds from Issuance of Common Stock
$3.3M
$1.5M
$986.0K
$930.0K
Shares Withheld for Taxes
-15.2M
-15.2M
-13.8M
-13.5M
Purchases of Common Stock
($254.4M)
($54.0M)
($423.2M)
($240.9M)
Debt Issuance and Financing Fees
($8.1M)
($8.1M)
($960.0K)
($939.0K)
Net Cash (Used in) Provided by Financing Activities
($272.0M)
($136.5M)
($33.4M)
$191.2M
Net Decrease in Cash, Cash Equivalents and Restricted Cash
($4.9M)
($7.3M)
($37.7M)
($39.2M)
Cash, Cash Equivalents and Restricted Cash at Beginning of Period
$13.5M
$13.5M
$55.1M
$55.1M
Cash, Cash Equivalents and Restricted Cash at End of Period