Headquartered in Canonsburg, PA Fiscal year ends December NYSE: CNX cnx.com
CNX Resources is an independent natural gas exploration and production company operating in the Appalachian Basin.
**Operations**
- It develops Marcellus and Utica shale acreage in Southwest Pennsylvania (SWPA) and Central Pennsylvania (CPA).
- It also produces coalbed methane (CBM) along with NGLs, oil and condensate.
- Production averaged roughly 1.7 Bcfe per day in Q3 2026.
**Revenue sources**
- Natural gas, NGL and oil sales are hedged extensively through NYMEX, basis and physical fixed-price contracts.
- Gas is sold into markets including Eastern Gas-South, TETCO M2, TCO Pool and Michcon.
- Other revenue includes purchased gas sales.
- The company sells environmental attributes, which it expects to contribute about $80 million to 2026 free cash flow.
**Corporate**
- It operates midstream assets through CNX Midstream (CNXM), which has its own revolving credit facility.
- It completed the Apex acquisition in Q1 2026.
- Capital allocation centers on free cash flow and share repurchases. Updated
Full-year free cash flow guidance moved up to roughly $550 million against a $5.6 billion market cap. The headline EPS beat leans on a derivative gain, while quarterly buybacks are already shrinking the share count.
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CNX Resources is an independent natural gas exploration and production company operating in the Appalachian Basin. **Operations** - It develops Marcellus and Utica shale acreage in Southwest Pennsylvania (SWPA) and Central Pennsylvania (CPA). - It also produces coalbed methane (CBM) along with NGLs, oil and…
24/7 Wall St.'s 12-month price target for CNX is $62.41, rated Buy. The Wall Street consensus target is $37.67. CNX price prediction →
