CNX Resources Corporation
CNX Resources Corporation ( CNX, the Company, or we, us, or our ) is a premier independent ultra-low carbon intensity natural gas development, production, midstream and technology company centered in the Appalachian Basin. The majority of our operations are centered on unconventional shale formations, primarily the Marcellus Shale and Utica Shale, in Pennsylvania, Ohio and West Virginia.
$35.16
-$0.42 (-1.18%)
EOD Oct 21, 2026
35.86% operating margin is above average. ROIC at 9.50%. Note that capital returns lag the margin, the business may be capital-intensive despite high margins.
Revenue up 76.8% YoY with margins expanding 45.4pp.
Net debt of $2.60B represents 4.9x FCF, leverage limits flexibility.
5.6x earnings, 9.9x FCF. The multiple is below average. Either the market is pricing in deterioration you should investigate, or there's genuine value here.
Price History
Valuation & Multiples
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$2.60B
▲ +76.8% YoY
Net Income (TTM)
$949M
▲ +799.7% YoY
Op. Margin
44.45%
▲ +45.4pp YoY
ROIC
13.46%
▲ +10.9pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$526M
▲ +93.9% YoY
Op. Cash Flow (TTM)
$1.09B
▲ +26.1% YoY
Net Debt
$2.37B
Cash & Equiv.
$6M
5Y CAGR: +12.2%
5Y CAGR: +11.6%
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SourceComputed from the 10-Q filed 15 Jul 2026, covering the period ending 30 Jun 2026, as reported to the SEC. Data last refreshed 3 Aug 2026. How this is calculated.
Price from market data, last close as of 21 Oct 2026. Fiscal year ends Dec. Sector medians are approximate S&P 500 benchmarks and update periodically.
Is CNX Resources (CNX) overvalued?
At a P/E of 5.6 and a price-to-free-cash-flow of 9.9, CNX Resources (CNX) trades around a two-stage DCF intrinsic value of about $46.36 per share, so at $35.16 the stock looks around fair value (31.8% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, CNX Resources scores 71/100 on Intrinsiqq's quality scorecard (a solid business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. All figures are computed from SEC filings; read the full methodology, or see how the market compares in our US profitability statistics. This is analysis, not investment advice.
Frequently asked
What is CNX Resources's fair value?+
Intrinsiqq's two-stage DCF estimates an intrinsic value of about $46.36 per share for CNX, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around $34.77. At today's $35.16, that puts the stock about 31.8% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Is CNX Resources a high-quality business?+
CNX Resources scores 71 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a solid business on these measures. Recent fundamentals include a 44.4% operating margin and a 13.5% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Is CNX Resources a good stock to buy right now?+
That depends on valuation and quality together, not either alone. CNX currently trades around its estimated intrinsic value and scores 71/100 on quality (solid). A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.
Related stocks: Crude Petroleum & Natural Gas
Spot a number that looks wrong? Check it in CNX's SEC filings or
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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