CNX Resources Corporation Common Stock (CNX)

FairStock Score: 87/100 — HIGH CONVICTION

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

CNX Resources is an Appalachian natural gas and midstream operator. Its moat is limited because natural gas is a commodity and prices are set by markets, though its integrated position in the Appalachian Basin is a modest advantage. The filed record shows a TURNAROUND: after FY2024 revenue of $1.3B and a net loss of $90.5M, FY2025 revenue was $2.2B with net income of $633.2M, or $3.98 diluted EPS. But the trajectory cooled: in fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $618.5M and net income $202.9M, versus fiscal Q2 2025 revenue of $962.4M and net income $432.5M. Fiscal Q1 2026 was stronger at $786.7M revenue and $348.1M net income. At the 2026-10-13 close of $35.35, FairStock calculates a P/E of 5.73, P/B of 1.09, EV/EBITDA of 4.02, and FCF yield of 10.1%; those are cheap if earnings hold. FairStock's Graham Number is $67.17, implying a 47.37% margin of safety. Returns are decent: ROE 21.25% and ROCE 8.72%, though debt/equity is 0.49. Piotroski 5/9 and Altman Z 1.15 warn balance-sheet strength is not fortress-like. I would want evidence that recent cash generation can persist through the gas cycle before treating this as a durable bargain.

In plain English: CNX Resources produces natural gas in the Appalachian Basin. It has been profitable lately and throws off cash, but sales and earnings have fallen from a year earlier. At $35.35, the price looks cheap next to its recent profits and accounting value, though debt and weak gas markets are risks.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer