CNX Resources CorpCNX
What CNX Resources Corp does.
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. Additionally, we operate and develop Coalbed Methane (CBM) properties in Virginia. We believe that our extensive held-by-production acreage position and development inventory, combined with our regional operating expertise, extensive data set from development and non-operational participation wells, midstream infrastructure ownership, low-cost operations and legacy surface acreage position provide us with significant competitive advantages that position us for long-term value creation.
CNX’s strategy is to use our substantial asset base, leading core operational competencies, technology development and innovation, and astute capital allocation methodologies to responsibly develop our resources and create long-term value for our shareholders. Our mission is to empower our team to embrace and drive innovative change that creates long-term per share value for our investors, enhances our communities and delivers energy solutions for today and tomorrow.
Revenue and profit, by fiscal year.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $1.3B | $756.8M | $1.3B | $3.4B | $1.3B | $2.2B |
| Net income | -$483.8M | -$498.6M | -$142.1M | $1.7B | -$90.5M | $633.2M |
| Free cash flow | $307.8M | $460.5M | $669.3M | $135.2M | $275.4M | $534.0M |
More on CNX.
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Figures from CNX Resources Corp's filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.