CNX Resources (CNX) Q2 2025

Q1 2026 Q4 2025 Q3 2025 Q2 2025

Earnings

CNX Resources posted a blowout second quarter, with earnings per share of $2.53 beating the $0.45 consensus by 464.61% and revenue of $962.42 million arriving more than double the $478.93 million analysts had expected, a 213.4% jump from the year-ago… Read more CNX Resources posted a blowout second quarter, with earnings per share of $2.53 beating the $0.45 consensus by 464.61% and revenue of $962.42 million arriving more than double the $478.93 million analysts had expected, a 213.4% jump from the year-ago period. The single biggest driver was a $421.12 million gain on commodity derivative instruments, including $456.00 million in unrealized mark-to-market gains, which propelled the company to GAAP net income of $432.52 million from a net loss of $18.26 million a year prior. Beyond derivatives, the underlying business also showed genuine momentum; natural gas, NGL and oil revenue nearly doubled to $485.02 million as total production climbed to 167.6 Bcfe from 134.0 Bcfe, while free cash flow surged to $188.00 million from just $47.00 million. Some analysts have cautioned that the derivative-driven gains may obscure core earnings power, though adjusted net income itself rose to $100.00 million from $55.00 million. Looking ahead, CNX raised the low end of its 2025 production guidance to 615 Bcfe and updated its FCF per share estimate to $4.07, backed by approximately $575.00 million in full-year free cash flow guidance.