CNX Resources (CNX) Financials

$31.45 -0.67 (-2.09%)

Closing price 05/28/2025 03:59 PM Eastern

Extended Trading

$31.89 +0.44 (+1.41%)

As of 05/28/2025 07:54 PM Eastern

Annual Income Statements for CNX Resources

This table shows CNX Resources' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	-90	1,721	-142	-499	-484	-81	797	2,631	738	-364
Consolidated Net Income / (Loss)	-90	1,721	-142	-499	-429	32	883	381	-848	-375
Net Income / (Loss) Continuing Operations	-90	1,721	-142	-499	-429	32	883	295	-551	-650
Total Pre-Tax Income	-120	2,223	-212	-637	-603	60	1,099	2,369	1,001	-931
Total Operating Income	31	2,375	-51	-470	-408	214	503	2,348	1,174	-693
Total Gross Profit	876	3,043	883	341	878	1,493	1,351	3,133	1,818	784
Total Revenue	1,267	3,435	1,261	799	1,279	1,958	1,730	3,706	2,346	1,260
Operating Revenue	1,439	1,506	3,925	2,326	1,024	1,870	1,644	3,499	2,487	1,260
Other Revenue	-172	1,929	-2,664	-1,527	255	88	87	207	-141	-
Total Cost of Revenue	391	392	378	458	402	465	380	572	528	476
Operating Cost of Revenue	391	392	378	458	402	465	380	572	528	476
Total Operating Expenses	845	667	935	811	1,286	1,279	847	785	645	1,477
Selling, General & Admin Expense	228	205	185	69	85	79	72	112	89	66
Marketing Expense	28	28	45	147	134	171	168	122	136	133
Depreciation Expense	486	434	461	515	502	508	493	412	420	372
Other Operating Expenses / (Income)	128	133	252	46	40	65	95	-	-	-
Other Special Charges / (Income)	-25	-132	-8.98	34	-10	7.61	-	-	-	68
Total Other Income / (Expense), net	-152	-152	-161	-167	-194	-154	595	21	-173	-237
Interest Expense	158	143	151	151	171	151	200	164	182	199
Other Income / (Expense), net	6.13	-9.01	-9.86	-16	-24	-2.86	172	184	9.49	-38
Income Tax Expense	-30	502	-70	-138	-174	28	216	-176	-34	-280
Basic Earnings per Share	($0.60)	$10.59	($0.75)	($2.31)	($2.43)	($0.42)	$3.75	$1.66	($3.70)	($1.64)
Weighted Average Basic Shares Outstanding	148.84M	151.79M	170.13M	202.49M	219.71M	186.64M	198.34M	228.84M	229.39M	229.19M
Diluted Earnings per Share	($0.60)	$8.99	($0.75)	($2.31)	($2.43)	($0.42)	$3.71	$1.65	($3.70)	($1.64)
Weighted Average Diluted Shares Outstanding	148.84M	151.79M	170.13M	202.49M	219.71M	186.64M	198.34M	228.84M	229.39M	229.19M
Weighted Average Basic & Diluted Shares Outstanding	148.84M	151.79M	170.13M	202.49M	219.71M	186.64M	198.34M	228.84M	229.39M	229.19M
Cash Dividends to Common per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.01	$0.15

This table shows CNX Resources' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	-198	-145	66	-18	6.85	514	21	475	710	1,175	-427
Consolidated Net Income / (Loss)	-198	-145	66	-18	6.85	514	21	475	710	1,175	-427
Net Income / (Loss) Continuing Operations	-198	-145	66	-18	6.85	514	21	475	710	1,175	-427
Total Pre-Tax Income	-273	-194	83	-15	6.32	639	19	637	928	1,256	-267
Total Operating Income	-227	-152	116	22	45	786	56	568	965	1,295	-220
Total Gross Profit	-15	37	326	227	286	867	253	750	1,173	1,539	20
Total Revenue	82	137	424	321	385	969	351	840	1,276	1,637	117
Operating Revenue	611	420	335	307	377	393	303	297	514	859	1,179
Other Revenue	-528	-283	89	14	7.53	576	48	542	762	778	-1,062
Total Cost of Revenue	97	99	98	94	99	102	97	90	103	98	97
Operating Cost of Revenue	97	99	98	94	99	102	97	90	103	98	97
Total Operating Expenses	212	189	210	205	240	80	197	182	208	244	240
Selling, General & Admin Expense	53	64	49	53	62	47	55	51	52	42	49
Marketing Expense	7.27	6.65	6.65	6.64	7.62	4.76	8.13	5.42	9.64	12	13
Depreciation Expense	127	128	121	118	119	113	112	104	105	112	114
Other Operating Expenses / (Income)	35	25	44	28	31	33	27	22	51	80	52
Other Special Charges / (Income)	-9.58	-	-11	-	20	-	-5.52	-	-9.48	-1.43	12
Total Other Income / (Expense), net	-46	-42	-33	-37	-39	-147	-37	69	-37	-39	-46
Interest Expense	42	37	38	39	44	37	35	35	36	35	44
Other Income / (Expense), net	-3.95	-5.35	4.59	1.49	5.40	-110	-1.45	103	-1.17	-3.49	-1.92
Income Tax Expense	-75	-49	17	3.02	-0.53	125	-2.14	162	218	82	160
Basic Earnings per Share	($1.34)	($0.96)	$0.44	($0.12)	$0.04	$3.35	$0.13	$2.89	$4.22	$5.98	($2.28)
Weighted Average Basic Shares Outstanding	144.72M	148.84M	149.27M	151.23M	153.25M	151.79M	158.85M	161.46M	165.58M	170.13M	180.48M
Diluted Earnings per Share	($1.34)	($0.89)	$0.37	($0.12)	$0.04	$2.79	$0.12	$2.47	$3.61	$6.00	($2.28)
Weighted Average Diluted Shares Outstanding	144.72M	148.84M	149.27M	151.23M	153.25M	151.79M	158.85M	161.46M	165.58M	170.13M	180.48M
Weighted Average Basic & Diluted Shares Outstanding	144.72M	148.84M	149.27M	151.23M	153.25M	151.79M	158.85M	161.46M	165.58M	170.13M	180.48M
Cash Dividends to Common per Share	$0.00	-	$0.00	$0.00	$0.00	-	$0.00	$0.00	$0.00	-	$0.00

This table details how cash moves in and out of CNX Resources' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	55	-21	18	-18	5.32	-0.92	-492	463	-19	-111
Net Cash From Operating Activities	816	815	1,235	926	795	981	886	649	464	512
Net Cash From Continuing Operating Activities	816	815	1,235	926	794	983	886	433	267	236
Net Income / (Loss) Continuing Operations	-90	1,721	-142	-499	-429	32	883	295	-551	-650
Consolidated Net Income / (Loss)	-90	1,721	-142	-499	-429	32	883	381	-848	-375
Depreciation Expense	486	434	461	515	502	508	493	412	420	372
Amortization Expense	11	9.28	8.46	27	21	7.75	8.36	11	9.06	-
Non-Cash Adjustments To Reconcile Net Income	177	-1,960	954	1,631	819	85	-731	-290	115	634
Changes in Operating Assets and Liabilities, net	232	611	-47	-748	-119	349	232	3.21	274	-120
Net Cash From Investing Activities	-484	-509	-528	-421	-439	-1,147	-895	-222	487	-996
Net Cash From Continuing Investing Activities	-484	-509	-528	-421	-439	-1,147	-895	-176	161	-826
Purchase of Property, Plant & Equipment	-540	-679	-566	-466	-487	-1,193	-1,116	-633	-173	-840
Purchase of Investments	-4.87	0.00	0.00	-	-	-	-	-	-	-
Sale of Property, Plant & Equipment	61	170	37	45	48	45	512	414	47	87
Net Cash From Financing Activities	-277	-326	-689	-524	-351	166	-483	36	-970	374
Net Cash From Continuing Financing Activities	-277	-326	-689	-524	-351	166	-483	68	-964	63
Repayment of Debt	-1,872	-1,920	-4,290	-2,791	-1,416	-424	-983	-248	-960	-1,274
Repurchase of Common Equity	-184	-320	-565	-245	-37	-117	-382	-103	0.00	-84
Issuance of Debt	1,795	1,922	4,171	2,512	1,200	549	1,006	0.00	0.00	1,445
Issuance of Common Equity	2.69	1.76	1.20	5.09	2.06	0.57	1.71	1.01	0.00	8.29
Other Financing Activities, net	-18	-9.50	-5.85	-4.55	-58	221	-71	418	-1.65	0.21

This table details how cash moves in and out of CNX Resources' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-42	54	-2.61	1.94	1.55	-8.21	-14	20	-19	20	1.36
Net Cash From Operating Activities	216	269	170	192	185	161	206	199	249	442	264
Net Cash From Continuing Operating Activities	216	269	170	192	185	161	206	199	249	442	264
Net Income / (Loss) Continuing Operations	-198	-145	66	-18	6.85	514	21	475	710	1,175	-427
Consolidated Net Income / (Loss)	-198	-145	66	-18	6.85	514	21	475	710	1,175	-427
Depreciation Expense	127	128	121	118	119	113	112	104	105	112	114
Amortization Expense	2.67	2.62	2.61	3.71	2.40	2.33	2.33	2.32	2.30	2.29	2.05
Non-Cash Adjustments To Reconcile Net Income	440	20	-6.89	105	59	-522	46	-581	-902	-1,059	436
Changes in Operating Assets and Liabilities, net	-157	263	-12	-17	-1.88	54	24	199	333	212	139
Net Cash From Investing Activities	-634	-70	-110	-145	-160	-100	-187	-64	-160	-166	-130
Net Cash From Continuing Investing Activities	-634	-70	-110	-145	-160	-100	-187	-64	-160	-166	-130
Purchase of Property, Plant & Equipment	-131	-105	-115	-152	-168	-108	-206	-196	-170	-173	-134
Acquisitions	-518	-	-	-	-	-	-	-	-	-	-
Purchase of Investments	-1.16	-1.31	-3.45	-	-	-	-	-	-	-	-
Sale of Property, Plant & Equipment	17	37	8.14	7.49	8.52	8.09	19	132	11	6.89	4.04
Net Cash From Financing Activities	376	-145	-63	-45	-24	-70	-34	-115	-108	-256	-134
Net Cash From Continuing Financing Activities	376	-145	-63	-45	-24	-70	-34	-115	-108	-256	-134
Repayment of Debt	-551	-388	-376	-345	-763	-477	-347	-558	-537	-783	-1,754
Repurchase of Common Equity	-125	-25	-63	-44	-52	-113	-48	-64	-95	-215	-138
Issuance of Debt	1,064	267	377	343	809	521	361	507	533	742	1,759
Issuance of Common Equity	0.82	1.48	0.17	0.93	0.11	0.11	0.92	0.13	0.61	0.08	0.14
Other Financing Activities, net	-13	-0.10	-0.30	-0.05	-18	-0.02	-0.10	-0.04	-9.34	-0.18	-0.01

This table presents CNX Resources' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	8,512	8,627	8,516	8,101	8,042	9,061	8,592	6,932	9,180	10,930
Total Current Assets	371	422	574	460	273	498	502	853	626	805
Cash & Equivalents	17	0.44	21	3.57	16	16	17	509	46	73
Restricted Cash	38	0.00	-	-	0.74	0.00	-	-	-	-
Accounts Receivable	197	134	355	339	150	147	264	206	176	273
Inventories, net	15	20	27	6.15	9.66	6.98	9.72	11	15	67
Prepaid Expenses	16	15	16	16	12	17	22	95	76	297
Other Current Assets	88	253	154	95	85	248	40	-	-	-
Plant, Property, & Equipment, net	7,384	7,343	7,097	6,989	7,026	7,137	6,942	5,790	8,140	9,669
Plant, Property & Equipment, gross	13,038	12,537	11,908	11,362	10,964	10,572	9,567	9,316	11,355	14,732
Accumulated Depreciation	5,654	5,194	4,811	4,373	3,938	3,435	2,625	3,527	3,215	5,062
Total Noncurrent Assets	757	862	845	651	743	1,426	1,148	290	413	456
Goodwill	323	323	323	323	323	796	796	0.00	-	-
Intangible Assets	64	70	77	84	90	97	103	0.00	-	-
Other Noncurrent Operating Assets	370	468	445	245	324	516	230	92	96	214
Total Liabilities & Shareholders' Equity	8,512	8,627	8,516	8,101	8,042	9,061	8,592	6,932	9,180	10,930
Total Liabilities	4,414	4,266	5,565	4,400	3,619	4,098	3,510	3,032	5,239	6,074
Total Current Liabilities	1,123	823	1,313	955	441	529	523	442	940	1,685
Short-Term Debt	328	326	0.00	23	23	62	7.00	7.11	7.92	961
Accounts Payable	123	147	191	122	118	203	230	211	157	251
Accrued Expenses	261	233	290	288	199	216	225	223	390	422
Other Current Liabilities	410	117	831	522	102	49	62	-	-	-
Total Noncurrent Liabilities	3,291	3,443	4,253	3,446	3,178	3,570	2,987	2,590	4,299	4,384
Long-Term Debt	1,838	1,889	2,206	2,214	2,401	2,754	2,378	2,187	2,421	2,704
Capital Lease Obligations	21	5.50	1.97	-	1.06	-	13	20	27	35
Asset Retirement Reserve & Litigation Obligation	119	105	89	89	85	63	37	199	196	391
Noncurrent Deferred & Payable Income Tax Liabilities	696	729	232	329	466	476	399	44	105	75
Other Noncurrent Operating Liabilities	617	714	1,723	814	225	276	160	140	452	279
Total Equity & Noncontrolling Interests	4,098	4,361	2,950	3,700	4,422	4,962	5,082	3,900	3,941	4,856
Total Preferred & Common Equity	4,098	4,361	2,950	3,700	4,422	4,161	4,330	3,900	3,798	4,702
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	4,098	4,361	2,950	3,700	4,422	4,161	4,330	3,900	3,798	4,702
Common Stock	2,350	2,386	2,508	2,837	2,962	2,201	2,266	2,453	2,463	2,438
Retained Earnings	1,753	1,982	449	878	1,476	1,972	2,072	1,456	1,728	2,580
Accumulated Other Comprehensive Income / (Loss)	-5.71	-7.30	-6.51	-15	-15	-13	-7.90	-8.48	-393	-316

This table presents CNX Resources' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	9,047	8,538	8,603	8,657	8,493	8,532	8,340	8,633
Total Current Assets	425	333	369	460	301	400	352	724
Cash & Equivalents	2.62	1.31	3.92	1.99	8.65	23	2.80	1.59
Restricted Cash	10	-	-	-	-	-	-	-
Accounts Receivable	298	152	146	135	91	109	144	485
Inventories, net	28	13	15	14	20	26	29	20
Prepaid Expenses	18	19	17	19	14	15	15	17
Other Current Assets	69	147	186	290	166	227	160	201
Plant, Property, & Equipment, net	7,896	7,373	7,384	7,362	7,309	7,240	7,186	7,034
Plant, Property & Equipment, gross	13,668	12,907	12,799	12,663	12,400	12,248	12,099	11,738
Accumulated Depreciation	5,771	5,534	5,416	5,301	5,091	5,008	4,913	4,705
Total Noncurrent Assets	725	832	851	835	883	892	803	876
Goodwill	323	323	323	323	323	323	323	323
Intangible Assets	62	66	67	69	72	74	75	79
Other Noncurrent Operating Assets	339	443	460	443	488	495	404	474
Total Liabilities & Shareholders' Equity	9,047	8,538	8,603	8,657	8,493	8,532	8,340	8,633
Total Liabilities	5,276	4,281	4,352	4,347	4,535	4,549	4,773	6,656
Total Current Liabilities	1,583	893	893	874	991	692	705	2,258
Short-Term Debt	328	327	327	326	325	55	-	323
Accounts Payable	144	120	126	163	186	164	196	169
Accrued Expenses	285	208	230	214	207	232	214	308
Other Current Liabilities	825	237	210	171	273	241	295	1,457
Total Noncurrent Liabilities	3,693	3,389	3,459	3,473	3,544	3,857	4,068	4,398
Long-Term Debt	2,353	1,958	1,955	1,943	1,844	2,154	2,203	1,920
Capital Lease Obligations	20	10	11	5.42	5.38	-	4.02	1.38
Asset Retirement Reserve & Litigation Obligation	124	105	105	106	84	88	90	87
Noncurrent Deferred & Payable Income Tax Liabilities	605	746	728	725	605	609	450	147
Other Noncurrent Operating Liabilities	591	570	659	695	1,007	1,005	1,322	2,242
Total Equity & Noncontrolling Interests	3,771	4,257	4,251	4,309	3,957	3,983	3,567	1,977
Total Preferred & Common Equity	3,771	4,257	4,251	4,309	3,957	3,983	3,567	1,977
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	3,771	4,257	4,251	4,309	3,957	3,983	3,567	1,977
Common Stock	2,326	2,350	2,365	2,375	2,425	2,443	2,470	2,605
Retained Earnings	1,451	1,914	1,893	1,942	1,538	1,547	1,104	-613
Accumulated Other Comprehensive Income / (Loss)	-5.64	-7.06	-7.14	-7.22	-6.30	-6.37	-6.44	-14

This table displays calculated financial ratios and metrics derived from CNX Resources' official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-63.12%	172.35%	57.85%	-37.54%	-34.67%	13.15%	-53.30%	57.92%	86.24%	-60.68%
EBITDA Growth	-80.98%	587.88%	618.79%	-37.57%	-87.49%	-38.20%	-60.18%	83.29%	548.30%	-138.42%
EBIT Growth	-98.42%	3,959.72%	87.37%	-12.34%	-304.69%	-68.73%	-73.35%	114.02%	261.78%	-281.28%
NOPAT Growth	-98.81%	5,205.48%	89.04%	-14.98%	-349.68%	-71.70%	-83.96%	107.82%	350.22%	-161.35%
Net Income Growth	-105.26%	1,311.12%	71.51%	-16.30%	-1,442.01%	-96.38%	131.94%	144.89%	-126.23%	-329.86%
EPS Growth	-106.67%	1,298.67%	67.53%	4.94%	-478.57%	-111.32%	124.85%	144.59%	-126.23%	-329.86%
Operating Cash Flow Growth	0.15%	-34.04%	33.32%	16.51%	-18.92%	10.69%	36.56%	39.73%	-9.25%	-45.39%
Free Cash Flow Firm Growth	-5.76%	-48.09%	35.06%	-11.08%	439.68%	88.57%	-137.09%	95.22%	502.16%	-526.75%
Invested Capital Growth	-5.33%	28.10%	-13.43%	-13.07%	-11.87%	4.04%	37.67%	-25.78%	-12.49%	0.91%
Revenue Q/Q Growth	-39.65%	-16.28%	31.68%	603.79%	215.29%	-19.43%	-63.47%	34.76%	2,445.36%	-59.94%
EBITDA Q/Q Growth	-60.48%	-17.95%	480.92%	110.38%	103.91%	45.56%	-75.87%	8.07%	289.96%	-134.73%
EBIT Q/Q Growth	-95.72%	-20.64%	85.66%	55.80%	84.76%	1,743.41%	-84.59%	2.65%	195.79%	-248.83%
NOPAT Q/Q Growth	-97.18%	-23.96%	87.02%	56.28%	86.24%	-78.62%	-89.66%	19.61%	266.20%	-164.14%
Net Income Q/Q Growth	-115.93%	-27.74%	79.30%	46.57%	50.41%	-92.04%	-14.29%	284.39%	-65.13%	-15.30%
EPS Q/Q Growth	-119.48%	-26.31%	80.42%	43.52%	82.57%	90.93%	-86.44%	-84.01%	-65.13%	-15.30%
Operating Cash Flow Q/Q Growth	15.20%	-25.66%	18.09%	11.07%	6.18%	-7.64%	3.36%	16.29%	-6.33%	4.22%
Free Cash Flow Firm Q/Q Growth	7.83%	-23.36%	-15.87%	3.04%	167.48%	-68.37%	-156.99%	44.83%	329.46%	-197.36%
Invested Capital Q/Q Growth	-4.89%	7.47%	21.72%	9.84%	1.86%	-1.20%	3.49%	-11.99%	3.00%	-0.04%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	69.16%	88.58%	70.03%	42.67%	68.61%	76.23%	78.05%	84.55%	77.50%	62.22%
EBITDA Margin	42.18%	81.78%	32.38%	7.11%	7.11%	37.14%	68.01%	79.75%	68.71%	-28.55%
Operating Margin	2.46%	69.15%	-4.08%	-58.77%	-31.93%	10.93%	29.10%	63.37%	50.03%	-55.02%
EBIT Margin	2.94%	68.89%	-4.86%	-60.75%	-33.77%	10.78%	39.01%	68.35%	50.43%	-58.06%
Profit (Net Income) Margin	-7.14%	50.09%	-11.27%	-62.41%	-33.52%	1.63%	51.03%	10.28%	-36.14%	-29.76%
Tax Burden Percent	75.18%	77.41%	67.03%	78.34%	71.12%	53.53%	80.38%	16.07%	-84.71%	40.29%
Interest Burden Percent	-322.90%	93.94%	345.73%	131.14%	139.54%	28.28%	162.75%	93.54%	84.60%	127.22%
Effective Tax Rate	0.00%	22.59%	0.00%	0.00%	0.00%	46.47%	19.62%	-7.45%	-3.44%	0.00%
Return on Invested Capital (ROIC)	0.34%	31.38%	-0.65%	-5.15%	-3.92%	1.51%	6.30%	39.76%	15.56%	-5.86%
ROIC Less NNEP Spread (ROIC-NNEP)	-4.82%	26.03%	-5.45%	-12.48%	-9.43%	-1.70%	31.02%	-48.56%	-44.98%	-2.40%
Return on Net Nonoperating Assets (RNNOA)	-2.48%	15.69%	-3.62%	-7.13%	-5.21%	-0.87%	13.37%	-30.05%	-34.84%	-1.51%
Return on Equity (ROE)	-2.14%	47.07%	-4.27%	-12.28%	-9.14%	0.64%	19.66%	9.71%	-19.28%	-7.36%
Cash Return on Invested Capital (CROIC)	5.81%	6.74%	13.75%	8.83%	8.70%	-2.46%	-25.40%	69.35%	28.88%	-6.76%
Operating Return on Assets (OROA)	0.44%	27.61%	-0.74%	-6.01%	-5.05%	2.39%	8.70%	31.44%	11.77%	-6.48%
Return on Assets (ROA)	-1.06%	20.08%	-1.71%	-6.18%	-5.01%	0.36%	11.38%	4.73%	-8.43%	-3.32%
Return on Common Equity (ROCE)	-2.14%	47.07%	-4.27%	-12.28%	-8.36%	0.54%	18.02%	9.54%	-18.63%	-7.25%
Return on Equity Simple (ROE_SIMPLE)	-2.21%	39.46%	-4.82%	-13.48%	-9.69%	0.77%	20.40%	9.76%	-22.33%	-7.97%
Net Operating Profit after Tax (NOPAT)	22	1,839	-36	-329	-286	115	405	2,523	1,214	-485
NOPAT Margin	1.72%	53.53%	-2.86%	-41.14%	-22.35%	5.85%	23.39%	68.09%	51.75%	-38.52%
Net Nonoperating Expense Percent (NNEP)	5.16%	5.35%	4.80%	7.33%	5.51%	3.21%	-24.72%	88.32%	60.53%	-3.45%
Return On Investment Capital (ROIC_SIMPLE)	0.35%	27.94%	-0.70%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	30.84%	11.42%	29.97%	57.33%	31.39%	23.77%	21.95%	15.45%	22.50%	37.78%
SG&A Expenses to Revenue	18.04%	5.97%	14.71%	8.59%	6.68%	4.05%	4.18%	3.03%	3.78%	5.23%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	66.70%	19.43%	74.11%	101.45%	100.54%	65.30%	48.96%	21.18%	27.47%	117.24%
Earnings before Interest and Taxes (EBIT)	37	2,366	-61	-485	-432	211	675	2,533	1,183	-731
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	534	2,809	408	57	91	727	1,177	2,955	1,612	-360
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.34	0.73	1.03	0.78	0.55	0.40	0.54	1.03	1.10	0.38
Price to Tangible Book Value (P/TBV)	1.48	0.80	1.19	0.88	0.60	0.51	0.68	1.03	1.10	0.38
Price to Revenue (P/Rev)	4.32	0.92	2.41	3.63	1.90	0.84	1.34	1.09	1.78	1.43
Price to Earnings (P/E)	0.00	1.85	0.00	0.00	0.00	0.00	2.92	1.53	5.66	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.61%	2.20%
Earnings Yield	0.00%	54.16%	0.00%	0.00%	0.00%	0.00%	34.26%	65.19%	17.65%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.22	0.82	1.02	0.87	0.71	0.68	0.73	1.03	0.90	0.64
Enterprise Value to Revenue (EV/Rev)	6.00	1.57	4.14	6.43	3.78	2.67	3.14	1.50	2.79	4.25
Enterprise Value to EBITDA (EV/EBITDA)	14.23	1.92	12.80	90.43	53.12	7.20	4.62	1.88	4.06	0.00
Enterprise Value to EBIT (EV/EBIT)	204.04	2.28	0.00	0.00	0.00	24.81	8.06	2.19	5.53	0.00
Enterprise Value to NOPAT (EV/NOPAT)	348.82	2.94	0.00	0.00	0.00	45.73	13.44	2.20	5.39	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	9.32	6.62	4.23	5.55	6.08	5.34	6.14	8.55	14.10	10.46
Enterprise Value to Free Cash Flow (EV/FCFF)	20.43	13.66	6.87	9.12	7.63	0.00	0.00	1.26	2.90	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.53	0.51	0.75	0.60	0.55	0.57	0.47	0.57	0.62	0.76
Long-Term Debt to Equity	0.45	0.43	0.75	0.60	0.54	0.56	0.47	0.57	0.62	0.56
Financial Leverage	0.51	0.60	0.66	0.57	0.55	0.51	0.43	0.62	0.77	0.63
Leverage Ratio	2.03	2.34	2.50	1.99	1.82	1.76	1.73	2.05	2.29	2.22
Compound Leverage Factor	-6.54	2.20	8.64	2.61	2.54	0.50	2.81	1.92	1.93	2.82
Debt to Total Capital	34.80%	33.73%	42.80%	37.68%	35.42%	36.20%	32.06%	36.22%	38.40%	43.25%
Short-Term Debt to Total Capital	5.22%	4.95%	0.00%	0.39%	0.33%	0.79%	0.09%	0.12%	0.12%	11.24%
Long-Term Debt to Total Capital	29.58%	28.78%	42.80%	37.29%	35.09%	35.41%	31.97%	36.10%	38.27%	32.01%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	10.31%	10.05%	0.00%	2.23%	1.80%
Common Equity to Total Capital	65.20%	66.27%	57.20%	62.32%	64.58%	53.49%	57.89%	63.78%	59.38%	54.96%
Debt to EBITDA	4.09	0.79	5.41	39.38	26.65	3.87	2.04	0.75	1.52	-10.29
Net Debt to EBITDA	3.99	0.79	5.35	39.31	26.47	3.83	2.01	0.51	1.38	-9.43
Long-Term Debt to EBITDA	3.48	0.67	5.41	38.97	26.40	3.79	2.03	0.75	1.52	-7.62
Debt to NOPAT	100.30	1.21	-61.30	-6.81	-8.48	24.59	5.93	0.88	2.02	-7.63
Net Debt to NOPAT	97.78	1.21	-60.71	-6.79	-8.42	24.30	5.84	0.60	1.83	-6.99
Long-Term Debt to NOPAT	85.27	1.03	-61.30	-6.74	-8.40	24.05	5.91	0.87	2.02	-5.64
Altman Z-Score	1.09	2.02	0.42	0.38	0.62	0.84	1.19	2.90	1.38	0.31
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	8.54%	15.47%	8.37%	1.82%	3.37%	1.51%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.33	0.51	0.44	0.48	0.62	0.94	0.96	1.93	0.67	0.48
Quick Ratio	0.19	0.16	0.29	0.36	0.38	0.31	0.54	1.62	0.24	0.21
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	372	395	761	563	634	-187	-1,632	4,401	2,254	-561
Operating Cash Flow to CapEx	170.10%	159.92%	233.77%	220.24%	181.12%	85.46%	146.51%	296.66%	369.19%	67.89%
Free Cash Flow to Firm to Interest Expense	2.36	2.76	5.05	3.73	3.71	-1.23	-8.16	26.91	12.37	-2.82
Operating Cash Flow to Interest Expense	5.18	5.69	8.20	6.13	4.65	6.48	4.43	3.97	2.55	2.57
Operating Cash Flow Less CapEx to Interest Expense	2.13	2.13	4.69	3.35	2.08	-1.10	1.41	2.63	1.86	-1.22
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.15	0.40	0.15	0.10	0.15	0.22	0.22	0.46	0.23	0.11
Accounts Receivable Turnover	7.65	14.06	3.64	3.27	8.60	9.54	7.38	19.43	10.46	2.86
Inventory Turnover	22.70	16.70	22.70	57.96	48.26	55.75	37.13	43.96	12.86	5.64
Fixed Asset Turnover	0.17	0.48	0.18	0.11	0.18	0.28	0.27	0.53	0.26	0.13
Accounts Payable Turnover	2.89	2.32	2.41	3.82	2.50	2.15	1.72	3.11	2.59	1.22
Days Sales Outstanding (DSO)	47.74	25.96	100.38	111.74	42.42	38.28	49.49	18.78	34.90	127.48
Days Inventory Outstanding (DIO)	16.08	21.86	16.08	6.30	7.56	6.55	9.83	8.30	28.37	64.67
Days Payable Outstanding (DPO)	126.42	157.53	151.18	95.60	145.76	169.52	211.90	117.40	140.92	300.06
Cash Conversion Cycle (CCC)	-62.59	-109.71	-34.72	22.44	-95.78	-124.69	-152.58	-90.31	-77.64	-107.91
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	6,230	6,580	5,137	5,934	6,826	7,745	7,444	5,407	7,285	8,325
Invested Capital Turnover	0.20	0.59	0.23	0.13	0.18	0.26	0.27	0.58	0.30	0.15
Increase / (Decrease) in Invested Capital	-350	1,444	-797	-892	-920	301	2,037	-1,878	-1,040	75
Enterprise Value (EV)	7,606	5,396	5,226	5,137	4,834	5,236	5,440	5,543	6,544	5,351
Market Capitalization	5,474	3,177	3,039	2,904	2,425	1,651	2,325	4,036	4,183	1,807
Book Value per Share	$27.45	$27.45	$16.35	$17.52	$19.70	$22.30	$21.27	$16.95	$16.56	$20.53
Tangible Book Value per Share	$24.86	$24.97	$14.13	$15.59	$17.86	$17.51	$16.85	$16.95	$16.56	$20.53
Total Capital	6,285	6,581	5,158	5,937	6,847	7,778	7,480	6,114	6,397	8,556
Total Debt	2,187	2,220	2,208	2,237	2,425	2,816	2,399	2,214	2,456	3,700
Total Long-Term Debt	1,859	1,894	2,208	2,214	2,402	2,754	2,392	2,207	2,448	2,739
Net Debt	2,132	2,219	2,186	2,233	2,409	2,783	2,363	1,507	2,219	3,390
Capital Expenditures (CapEx)	480	509	528	421	439	1,147	605	219	126	754
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-479	-76	-760	-475	-162	15	-31	-91	-352	8.24
Debt-free Net Working Capital (DFNWC)	-424	-76	-739	-472	-145	31	-14	418	-306	81
Net Working Capital (NWC)	-752	-401	-739	-495	-168	-31	-21	411	-314	-881
Net Nonoperating Expense (NNE)	112	118	106	170	143	83	-478	2,143	2,062	-110
Net Nonoperating Obligations (NNO)	2,132	2,219	2,186	2,233	2,403	2,783	2,363	1,507	3,344	3,470
Total Depreciation and Amortization (D&A)	497	443	470	542	523	516	502	423	429	372
Debt-free, Cash-free Net Working Capital to Revenue	-37.83%	-2.21%	-60.29%	-59.50%	-12.65%	0.74%	-1.82%	-2.46%	-15.01%	0.65%
Debt-free Net Working Capital to Revenue	-33.48%	-2.20%	-58.59%	-59.05%	-11.37%	1.57%	-0.83%	11.28%	-13.04%	6.41%
Net Working Capital to Revenue	-59.36%	-11.68%	-58.59%	-61.92%	-13.13%	-1.58%	-1.23%	11.09%	-13.38%	-69.90%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.60)	$10.59	($0.75)	($2.31)	($2.43)	($0.42)	$3.75	$1.66	($3.09)	($1.37)
Adjusted Weighted Average Basic Shares Outstanding	148.84M	151.79M	170.13M	202.49M	219.71M	186.64M	198.34M	223.76M	275.08M	274.62M
Adjusted Diluted Earnings per Share	($0.60)	$8.99	($0.75)	($2.31)	($2.43)	($0.42)	$3.71	$1.65	($3.09)	($1.37)
Adjusted Weighted Average Diluted Shares Outstanding	148.84M	151.79M	170.13M	202.49M	219.71M	186.64M	198.34M	223.76M	275.08M	274.62M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	148.84M	151.79M	170.13M	202.49M	219.71M	186.64M	198.34M	223.76M	275.08M	274.62M
Normalized Net Operating Profit after Tax (NOPAT)	4.50	1,736	-42	-305	81	358	420	1,740	822	142
Normalized NOPAT Margin	0.36%	50.54%	-3.35%	-38.19%	6.37%	18.27%	24.25%	46.97%	35.02%	11.30%
Pre Tax Income Margin	-9.50%	64.72%	-16.81%	-79.66%	-47.13%	3.05%	63.49%	63.93%	42.67%	-73.86%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.24	16.51	-0.41	-3.21	-2.53	1.39	3.37	15.48	6.49	-3.67
NOPAT to Interest Expense	0.14	12.83	-0.24	-2.17	-1.67	0.76	2.02	15.43	6.66	-2.44
EBIT Less CapEx to Interest Expense	-2.81	12.96	-3.91	-5.99	-5.10	-6.19	0.35	14.15	5.80	-7.46
NOPAT Less CapEx to Interest Expense	-2.90	9.28	-3.75	-4.96	-4.24	-6.82	-1.00	14.09	5.97	-6.22
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	-9.79%	199.96%	6.28%	0.00%	-0.27%	-8.88%
Augmented Payout Ratio	-203.55%	18.59%	-397.76%	-49.18%	-18.48%	567.68%	49.51%	27.11%	-0.27%	-31.25%

This table displays calculated financial ratios and metrics derived from CNX Resources' official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-78.58%	-85.90%	21.03%	-61.72%	-69.86%	-40.81%	199.42%	99.73%	239.74%	22.76%	113.30%
EBITDA Growth	-159.04%	-103.34%	44.73%	-81.40%	-83.96%	-43.71%	258.97%	271.66%	197.31%	31.65%	89.79%
EBIT Growth	-555.05%	-123.27%	120.53%	-96.52%	-94.73%	-47.64%	124.56%	638.32%	178.90%	39.58%	81.09%
NOPAT Growth	-423.12%	-116.83%	47.62%	-96.38%	-93.34%	-47.77%	140.38%	520.05%	186.34%	83.31%	81.40%
Net Income Growth	-2,985.93%	-128.14%	206.53%	-103.84%	-99.04%	-56.24%	105.01%	1,323.85%	176.97%	86.35%	51.08%
EPS Growth	-3,450.00%	-131.90%	208.33%	-104.86%	-98.89%	-53.50%	105.26%	1,546.67%	178.14%	105.48%	43.70%
Operating Cash Flow Growth	16.53%	66.82%	-17.40%	-3.50%	-25.60%	-63.57%	-22.09%	3.52%	-26.06%	74.76%	23.31%
Free Cash Flow Firm Growth	95.07%	130.08%	81.76%	63.66%	-211.89%	-140.41%	-279.09%	-158.10%	-120.33%	29.31%	119.06%
Invested Capital Growth	-1.85%	-5.33%	6.98%	6.01%	14.03%	28.10%	45.08%	29.39%	20.52%	-13.43%	-21.88%
Revenue Q/Q Growth	-39.68%	-67.80%	31.97%	-16.41%	-60.30%	176.39%	-58.26%	-34.19%	-22.05%	1,298.27%	-72.16%
EBITDA Q/Q Growth	-283.67%	-110.82%	68.92%	-15.84%	-78.29%	368.85%	-78.29%	-27.41%	-23.82%	1,424.08%	-150.76%
EBIT Q/Q Growth	-46.88%	-230.64%	415.13%	-53.96%	-92.49%	1,137.96%	-91.86%	-30.32%	-25.39%	680.72%	-344.53%
NOPAT Q/Q Growth	-49.45%	-215.69%	500.16%	-68.86%	-92.22%	914.70%	-85.29%	-42.63%	-38.99%	884.48%	-325.85%
Net Income Q/Q Growth	-36.71%	-320.67%	458.91%	-366.55%	-98.67%	2,303.93%	-95.50%	-33.14%	-39.52%	375.03%	-1,380.31%
EPS Q/Q Growth	-50.56%	-340.54%	408.33%	-400.00%	-98.57%	2,225.00%	-95.14%	-31.58%	-39.83%	363.16%	-1,620.00%
Operating Cash Flow Q/Q Growth	-19.77%	57.97%	-11.27%	3.62%	14.85%	-21.78%	3.65%	-20.11%	-43.76%	67.28%	37.72%
Free Cash Flow Firm Q/Q Growth	-115.35%	172.71%	5.52%	53.30%	6.24%	55.92%	-88.27%	-300.84%	-112.15%	95.38%	-38.92%
Invested Capital Q/Q Growth	3.69%	-4.89%	0.17%	-0.64%	0.02%	7.47%	-0.75%	6.89%	12.36%	21.72%	-11.48%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	-18.03%	27.21%	76.85%	70.73%	74.27%	89.45%	72.21%	89.33%	91.91%	94.04%	16.87%
EBITDA Margin	-123.15%	-19.36%	57.59%	45.00%	44.69%	81.70%	48.16%	92.60%	83.95%	85.91%	-90.72%
Operating Margin	-275.82%	-111.33%	27.32%	6.81%	11.81%	81.15%	16.00%	67.65%	75.62%	79.12%	-188.35%
EBIT Margin	-280.61%	-115.25%	28.40%	7.28%	13.21%	69.81%	15.59%	79.97%	75.53%	78.91%	-190.00%
Profit (Net Income) Margin	-239.98%	-105.89%	15.45%	-5.68%	1.78%	53.06%	6.10%	56.56%	55.67%	71.76%	-364.83%
Tax Burden Percent	72.48%	74.55%	79.38%	119.80%	108.42%	80.44%	111.12%	74.59%	76.55%	93.49%	160.12%
Interest Burden Percent	118.00%	123.25%	68.52%	-65.17%	12.44%	94.48%	35.22%	94.81%	96.29%	97.27%	119.92%
Effective Tax Rate	0.00%	0.00%	20.62%	0.00%	-8.42%	19.56%	-11.12%	25.41%	23.45%	6.51%	0.00%
Return on Invested Capital (ROIC)	-28.56%	-15.41%	7.18%	1.52%	5.27%	38.27%	14.11%	35.71%	37.83%	16.85%	-26.25%
ROIC Less NNEP Spread (ROIC-NNEP)	-30.12%	-17.17%	6.00%	0.02%	3.38%	32.90%	12.25%	38.03%	36.55%	15.22%	-38.48%
Return on Net Nonoperating Assets (RNNOA)	-18.49%	-8.83%	3.26%	0.01%	1.92%	19.82%	9.10%	25.76%	26.35%	10.11%	-33.23%
Return on Equity (ROE)	-47.06%	-24.24%	10.44%	1.53%	7.19%	58.10%	23.21%	61.47%	64.17%	26.97%	-59.48%
Cash Return on Invested Capital (CROIC)	-0.73%	5.81%	5.45%	5.72%	5.31%	6.74%	9.97%	10.46%	12.09%	13.75%	18.80%
Operating Return on Assets (OROA)	-30.58%	-17.04%	7.00%	1.72%	3.95%	27.98%	7.47%	35.93%	31.46%	11.98%	-21.58%
Return on Assets (ROA)	-26.15%	-15.65%	3.81%	-1.34%	0.53%	21.26%	2.92%	25.41%	23.19%	10.89%	-41.45%
Return on Common Equity (ROCE)	-47.06%	-24.24%	10.44%	1.53%	7.19%	58.10%	23.21%	61.47%	64.17%	26.97%	-59.48%
Return on Equity Simple (ROE_SIMPLE)	-7.82%	0.00%	13.35%	12.33%	23.60%	0.00%	60.17%	48.53%	41.80%	0.00%	-34.72%
Net Operating Profit after Tax (NOPAT)	-159	-106	92	15	49	632	62	424	739	1,211	-154
NOPAT Margin	-193.07%	-77.93%	21.69%	4.77%	12.80%	65.28%	17.78%	50.46%	57.89%	73.97%	-131.85%
Net Nonoperating Expense Percent (NNEP)	1.56%	1.76%	1.19%	1.50%	1.89%	5.37%	1.86%	-2.32%	1.28%	1.64%	12.23%
Return On Investment Capital (ROIC_SIMPLE)	-2.46%	-1.69%	-	-	-	9.61%	-	-	-	23.47%	-
Cost of Revenue to Revenue	118.03%	72.79%	23.15%	29.27%	25.73%	10.55%	27.79%	10.67%	8.09%	5.96%	83.13%
SG&A Expenses to Revenue	64.44%	46.95%	11.54%	16.52%	16.20%	4.84%	15.77%	6.08%	4.05%	2.55%	41.82%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	257.79%	138.53%	49.53%	63.92%	62.46%	8.30%	56.20%	21.68%	16.29%	14.92%	205.22%
Earnings before Interest and Taxes (EBIT)	-231	-157	120	23	51	676	55	672	964	1,292	-222
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-101	-26	244	145	172	791	169	778	1,071	1,406	-106
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.24	1.34	1.16	0.88	0.87	0.73	0.92	0.74	0.76	1.03	1.49
Price to Tangible Book Value (P/TBV)	1.38	1.48	1.27	0.96	0.96	0.80	1.02	0.82	0.86	1.19	1.87
Price to Revenue (P/Rev)	4.86	4.32	2.35	1.84	1.48	0.92	0.89	0.76	0.79	2.41	3.07
Price to Earnings (P/E)	0.00	0.00	8.67	7.11	3.70	1.85	1.53	1.52	1.83	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	11.53%	14.07%	27.00%	54.16%	65.32%	65.88%	54.72%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.14	1.22	1.10	0.92	0.92	0.82	0.95	0.83	0.85	1.02	1.23
Enterprise Value to Revenue (EV/Rev)	7.65	6.00	3.44	2.97	2.37	1.57	1.42	1.32	1.43	4.14	5.41
Enterprise Value to EBITDA (EV/EBITDA)	28.25	14.23	5.34	4.71	3.16	1.92	1.70	1.63	1.91	12.80	73.77
Enterprise Value to EBIT (EV/EBIT)	0.00	204.04	8.29	7.47	4.16	2.28	1.95	1.89	2.32	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	348.82	9.34	8.19	5.31	2.94	2.40	2.59	3.04	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	8.71	9.32	10.20	8.08	8.04	6.62	5.30	4.44	4.30	4.23	4.96
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	20.43	20.91	16.54	18.41	13.66	11.28	8.95	7.72	6.87	5.73
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.72	0.53	0.54	0.54	0.53	0.51	0.55	0.55	0.62	0.75	1.14
Long-Term Debt to Equity	0.63	0.45	0.46	0.46	0.45	0.43	0.47	0.54	0.62	0.75	0.97
Financial Leverage	0.61	0.51	0.54	0.54	0.57	0.60	0.74	0.68	0.72	0.66	0.86
Leverage Ratio	2.19	2.03	2.07	2.08	2.16	2.34	2.89	2.64	2.70	2.50	3.27
Compound Leverage Factor	2.59	2.50	1.42	-1.36	0.27	2.22	1.02	2.51	2.60	2.43	3.92
Debt to Total Capital	41.74%	34.80%	35.03%	35.04%	34.54%	33.73%	35.46%	35.67%	38.22%	42.80%	53.17%
Short-Term Debt to Total Capital	5.07%	5.22%	4.99%	4.99%	4.95%	4.95%	5.30%	0.88%	0.00%	0.00%	7.65%
Long-Term Debt to Total Capital	36.67%	29.58%	30.04%	30.05%	29.59%	28.78%	30.16%	34.79%	38.22%	42.80%	45.52%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	58.26%	65.20%	64.97%	64.96%	65.46%	66.27%	64.54%	64.33%	61.78%	57.20%	46.83%
Debt to EBITDA	10.35	4.09	1.70	1.80	1.19	0.79	0.64	0.70	0.86	5.41	31.94
Net Debt to EBITDA	10.30	3.99	1.70	1.79	1.19	0.79	0.63	0.69	0.85	5.35	31.91
Long-Term Debt to EBITDA	9.09	3.48	1.46	1.54	1.02	0.67	0.54	0.68	0.86	5.41	27.34
Debt to NOPAT	-15.98	100.30	2.97	3.12	2.00	1.21	0.90	1.12	1.36	-61.30	-8.09
Net Debt to NOPAT	-15.91	97.78	2.97	3.12	2.00	1.21	0.90	1.11	1.36	-60.71	-8.09
Long-Term Debt to NOPAT	-14.04	85.27	2.55	2.68	1.71	1.03	0.76	1.09	1.36	-61.30	-6.93
Altman Z-Score	0.63	1.01	1.22	0.99	1.09	1.37	1.14	1.31	1.27	0.95	-0.02
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.27	0.33	0.37	0.41	0.53	0.51	0.30	0.58	0.50	0.44	0.32
Quick Ratio	0.19	0.19	0.17	0.17	0.16	0.16	0.10	0.19	0.21	0.29	0.22
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-37	244	-336	-355	-761	-811	-1,840	-977	-244	2,008	1,028
Operating Cash Flow to CapEx	187.80%	390.05%	159.62%	132.77%	115.91%	161.68%	110.44%	312.01%	155.94%	265.90%	204.14%
Free Cash Flow to Firm to Interest Expense	-0.90	6.67	-8.85	-9.19	-17.10	-21.73	-52.00	-28.07	-6.82	56.98	23.19
Operating Cash Flow to Interest Expense	5.18	7.35	4.49	4.96	4.16	4.32	5.82	5.71	6.96	12.55	5.97
Operating Cash Flow Less CapEx to Interest Expense	2.42	5.46	1.68	1.23	0.57	1.65	0.55	3.88	2.50	7.83	3.04
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.11	0.15	0.25	0.24	0.30	0.40	0.48	0.45	0.42	0.15	0.11
Accounts Receivable Turnover	4.46	7.65	17.22	15.85	18.24	14.06	14.25	13.76	16.73	3.64	2.57
Inventory Turnover	18.54	22.70	23.86	19.16	17.76	16.70	19.56	18.93	21.85	22.70	38.07
Fixed Asset Turnover	0.13	0.17	0.29	0.28	0.35	0.48	0.57	0.54	0.49	0.18	0.14
Accounts Payable Turnover	2.53	2.89	2.57	2.70	2.16	2.32	2.18	2.43	2.47	2.41	3.46
Days Sales Outstanding (DSO)	81.92	47.74	21.19	23.03	20.01	25.96	25.61	26.53	21.82	100.38	141.99
Days Inventory Outstanding (DIO)	19.69	16.08	15.30	19.05	20.55	21.86	18.66	19.28	16.71	16.08	9.59
Days Payable Outstanding (DPO)	144.23	126.42	141.99	134.97	168.74	157.53	167.23	149.98	147.60	151.18	105.54
Cash Conversion Cycle (CCC)	-42.62	-62.59	-105.50	-92.90	-128.18	-109.71	-122.95	-104.17	-109.08	-34.72	46.04
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	6,460	6,230	6,551	6,540	6,581	6,580	6,123	6,169	5,772	5,137	4,220
Invested Capital Turnover	0.15	0.20	0.33	0.32	0.41	0.59	0.79	0.71	0.65	0.23	0.20
Increase / (Decrease) in Invested Capital	-122	-350	428	371	810	1,444	1,903	1,401	983	-797	-1,182
Enterprise Value (EV)	7,375	7,606	7,219	6,013	6,040	5,396	5,812	5,120	4,930	5,226	5,186
Market Capitalization	4,686	5,474	4,925	3,724	3,768	3,177	3,646	2,934	2,725	3,039	2,942
Book Value per Share	$25.33	$27.45	$28.15	$27.74	$28.12	$27.45	$24.51	$24.06	$20.97	$16.35	$10.44
Tangible Book Value per Share	$22.74	$24.86	$25.58	$25.19	$25.56	$24.97	$22.06	$21.66	$18.63	$14.13	$8.31
Total Capital	6,473	6,285	6,552	6,543	6,583	6,581	6,132	6,192	5,774	5,158	4,222
Total Debt	2,702	2,187	2,295	2,293	2,274	2,220	2,174	2,209	2,207	2,208	2,245
Total Long-Term Debt	2,374	1,859	1,968	1,966	1,948	1,894	1,849	2,154	2,207	2,208	1,922
Net Debt	2,689	2,132	2,294	2,289	2,272	2,219	2,166	2,186	2,204	2,186	2,243
Capital Expenditures (CapEx)	115	69	107	144	160	100	187	64	160	166	130
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-842	-479	-234	-202	-89	-76	-374	-260	-356	-760	-1,213
Debt-free Net Working Capital (DFNWC)	-829	-424	-233	-198	-87	-76	-365	-238	-353	-739	-1,211
Net Working Capital (NWC)	-1,157	-752	-560	-525	-414	-401	-690	-292	-353	-739	-1,534
Net Nonoperating Expense (NNE)	39	38	26	34	42	118	41	-51	28	36	273
Net Nonoperating Obligations (NNO)	2,689	2,132	2,294	2,289	2,272	2,219	2,166	2,186	2,204	2,186	2,243
Total Depreciation and Amortization (D&A)	130	131	124	121	121	115	114	106	108	115	116
Debt-free, Cash-free Net Working Capital to Revenue	-87.29%	-37.83%	-11.14%	-9.97%	-3.52%	-2.21%	-9.11%	-6.73%	-10.32%	-60.29%	-126.62%
Debt-free Net Working Capital to Revenue	-85.96%	-33.48%	-11.08%	-9.78%	-3.44%	-2.20%	-8.90%	-6.14%	-10.24%	-58.59%	-126.46%
Net Working Capital to Revenue	-119.99%	-59.36%	-26.67%	-25.91%	-16.26%	-11.68%	-16.83%	-7.55%	-10.24%	-58.59%	-160.19%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($1.34)	($0.96)	$0.44	($0.12)	$0.04	$3.35	$0.13	$2.89	$4.22	$5.98	($2.28)
Adjusted Weighted Average Basic Shares Outstanding	144.72M	148.84M	149.27M	151.23M	153.25M	151.79M	158.85M	161.46M	165.58M	170.13M	180.48M
Adjusted Diluted Earnings per Share	($1.34)	($0.89)	$0.37	($0.12)	$0.04	$2.79	$0.12	$2.47	$3.61	$6.00	($2.28)
Adjusted Weighted Average Diluted Shares Outstanding	144.72M	148.84M	149.27M	151.23M	153.25M	151.79M	158.85M	161.46M	165.58M	170.13M	180.48M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	144.72M	148.84M	149.27M	151.23M	153.25M	151.79M	158.85M	161.46M	165.58M	170.13M	180.48M
Normalized Net Operating Profit after Tax (NOPAT)	-166	-106	84	15	46	632	35	424	731	1,209	-146
Normalized NOPAT Margin	-201.21%	-77.93%	19.71%	4.77%	11.96%	65.28%	10.10%	50.46%	57.32%	73.89%	-124.63%
Pre Tax Income Margin	-331.12%	-142.04%	19.46%	-4.74%	1.64%	65.96%	5.49%	75.83%	72.73%	76.76%	-227.84%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-5.56	-4.30	3.18	0.61	1.14	18.12	1.54	19.29	26.97	36.65	-5.02
NOPAT to Interest Expense	-3.82	-2.91	2.43	0.40	1.11	16.94	1.76	12.17	20.67	34.36	-3.48
EBIT Less CapEx to Interest Expense	-8.32	-6.18	0.37	-3.13	-2.45	15.45	-3.73	17.46	22.50	31.93	-7.94
NOPAT Less CapEx to Interest Expense	-6.58	-4.79	-0.38	-3.34	-2.48	14.27	-3.51	10.34	16.21	29.64	-6.41
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	-87.28%	-203.55%	47.99%	49.08%	27.23%	18.59%	17.70%	26.49%	34.03%	-397.76%	-68.60%

Frequently Asked Questions About CNX Resources' Financials

When does CNX Resources's financial year end?

According to the most recent income statement we have on file, CNX Resources' fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has CNX Resources' net income changed over the last 9 years?

CNX Resources' net income appears to be on an upward trend, with a most recent value of -$90.49 million in 2024, falling from -$374.89 million in 2015. The previous period was $1.72 billion in 2023. View CNX Resources' forecast to see where analysts expect CNX Resources to go next.

What is CNX Resources's operating income?

CNX Resources's total operating income in 2024 was $31.15 million, based on the following breakdown:

Total Gross Profit: $876.12 million
Total Operating Expenses: $844.97 million

How has CNX Resources revenue changed over the last 9 years?

Over the last 9 years, CNX Resources' total revenue changed from $1.26 billion in 2015 to $1.27 billion in 2024, a change of 0.5%.

How much debt does CNX Resources have?

CNX Resources' total liabilities were at $4.41 billion at the end of 2024, a 3.5% increase from 2023, and a 27.3% decrease since 2015.

How much cash does CNX Resources have?

In the past 9 years, CNX Resources' cash and equivalents has ranged from $443 thousand in 2023 to $509.17 million in 2017, and is currently $17.20 million as of their latest financial filing in 2024.

How has CNX Resources' book value per share changed over the last 9 years?

Over the last 9 years, CNX Resources' book value per share changed from 20.53 in 2015 to 27.45 in 2024, a change of 33.7%.

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This page (NYSE:CNX) was last updated on 5/29/2025 by MarketBeat.com Staff

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CNX Resources (CNX) Financials

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CNX Resources (CNX) Financials

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