CNX Resources Corp. Reports Strong Fourth‑Quarter Results Amid Market Sell‑off
CNX Resources Corp. (NYSE: CNX) released its fourth‑quarter 2025 financial results on January 29 , 2026. The natural‑gas exploration and production company posted a net income of $196.25 million, or $1.28 per share, compared with a net loss of $144.62 million (‑$0.97 per share) in the same quarter of 2024.
The company’s revenue rose to $610.48 million, far exceeding the analysts’ expectation of $430.67 million. Adjusted net income reached $103 million versus $85 million a year earlier. Adjusted EBITDA increased to $292 million from $280 million, reflecting higher production and lower operating costs.
Key Financial Highlights
| Metric | Q4 2025 | Year‑Ago | Analyst Estimate |
|---|---|---|---|
| Net income | $196.25 M | –$144.62 M | – |
| GAAP EPS | $1.28 | –$0.97 | – |
| Revenue | $610.48 M | $136.58 M | $430.67 M |
| Adjusted EBITDA | $292 M | $280 M | – |
| Adjusted EBITDAX | – | – | – |
The earnings beat analysts’ consensus of $0.39 per share for the quarter. Adjusted EBITDAX for fiscal 2026 is projected to be $1.31 billion to $1.36 billion on production volumes of 605–620 Bcfe.
Market Reaction
Despite the robust earnings report, CNX shares fell 3.6 % at the close on January 29, trading at $36.73. The decline reflects a broader sell‑off in the energy sector, where investors are cautious about rising interest rates and geopolitical tensions that could impact natural‑gas demand.
Outlook
CNX maintains its guidance for the full year, expecting adjusted EBITDAX in the stated range. The company’s 52‑week high and low—$42.13 and $27.00 respectively—illustrate the volatility investors face in the sector. With a market capitalization of approximately $5.4 billion and a P/E ratio of 18.11, CNX remains a significant player in the U.S. natural‑gas market.
The information presented above is based on publicly available data from CNX Resources Corp. and market sources.
