CNX Resources (CNX) Financials

$31.42 +0.52 (+1.67%)

Closing price 03:59 PM Eastern

Extended Trading

$31.28 -0.13 (-0.42%)

As of 04:20 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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	-364	738	2,631	797	-81	-484	-499	-142	1,721	-90
Consolidated Net Income / (Loss)	-375	-848	381	883	32	-429	-499	-142	1,721	-90
Net Income / (Loss) Continuing Operations	-650	-551	295	883	32	-429	-499	-142	1,721	-90
Total Pre-Tax Income	-931	1,001	2,369	1,099	60	-603	-637	-212	2,223	-120
Total Operating Income	-693	1,174	2,348	503	214	-408	-470	-51	2,375	31
Total Gross Profit	784	1,818	3,133	1,351	1,493	878	341	883	3,043	876
Total Revenue	1,260	2,346	3,706	1,730	1,958	1,279	799	1,261	3,435	1,267
Operating Revenue	1,260	2,487	3,499	1,644	1,870	1,024	2,326	3,925	1,506	1,439
Other Revenue	-	-141	207	87	88	255	-1,527	-2,664	1,929	-172
Total Cost of Revenue	476	528	572	380	465	402	458	378	392	391
Operating Cost of Revenue	476	528	572	380	465	402	458	378	392	391
Total Operating Expenses	1,477	645	785	847	1,279	1,286	811	935	667	845
Selling, General & Admin Expense	66	89	112	72	79	85	69	185	205	228
Marketing Expense	133	136	122	168	171	134	147	45	28	28
Depreciation Expense	372	420	412	493	508	502	515	461	434	486
Other Operating Expenses / (Income)	-	-	-	95	65	40	46	252	133	128
Other Special Charges / (Income)	68	-	-	-	7.61	-10	34	-8.98	-132	-25
Total Other Income / (Expense), net	-237	-173	21	595	-154	-194	-167	-161	-152	-152
Interest Expense	199	182	164	200	151	171	151	151	143	158
Other Income / (Expense), net	-38	9.49	184	172	-2.86	-24	-16	-9.86	-9.01	6.13
Income Tax Expense	-280	-34	-176	216	28	-174	-138	-70	502	-30
Basic Earnings per Share	($1.64)	($3.70)	$1.66	$3.75	($0.42)	($2.43)	($2.31)	($0.75)	$10.59	($0.60)
Weighted Average Basic Shares Outstanding	229.19M	229.39M	228.84M	198.34M	186.64M	219.71M	202.49M	170.13M	151.79M	148.84M
Diluted Earnings per Share	($1.64)	($3.70)	$1.65	$3.71	($0.42)	($2.43)	($2.31)	($0.75)	$8.99	($0.60)
Weighted Average Diluted Shares Outstanding	229.19M	229.39M	228.84M	198.34M	186.64M	219.71M	202.49M	170.13M	151.79M	148.84M
Weighted Average Basic & Diluted Shares Outstanding	229.19M	229.39M	228.84M	198.34M	186.64M	219.71M	202.49M	170.13M	151.79M	148.84M
Cash Dividends to Common per Share	$0.15	$0.01	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00

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

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-427	1,175	710	475	21	514	6.85	-18	66	-145	-198
Consolidated Net Income / (Loss)	-427	1,175	710	475	21	514	6.85	-18	66	-145	-198
Net Income / (Loss) Continuing Operations	-427	1,175	710	475	21	514	6.85	-18	66	-145	-198
Total Pre-Tax Income	-267	1,256	928	637	19	639	6.32	-15	83	-194	-273
Total Operating Income	-220	1,295	965	568	56	786	45	22	116	-152	-227
Total Gross Profit	20	1,539	1,173	750	253	867	286	227	326	37	-15
Total Revenue	117	1,637	1,276	840	351	969	385	321	424	137	82
Operating Revenue	1,179	859	514	297	303	393	377	307	335	420	611
Other Revenue	-1,062	778	762	542	48	576	7.53	14	89	-283	-528
Total Cost of Revenue	97	98	103	90	97	102	99	94	98	99	97
Operating Cost of Revenue	97	98	103	90	97	102	99	94	98	99	97
Total Operating Expenses	240	244	208	182	197	80	240	205	210	189	212
Selling, General & Admin Expense	49	42	52	51	55	47	62	53	49	64	53
Marketing Expense	13	12	9.64	5.42	8.13	4.76	7.62	6.64	6.65	6.65	7.27
Depreciation Expense	114	112	105	104	112	113	119	118	121	128	127
Other Operating Expenses / (Income)	52	80	51	22	27	33	31	28	44	25	35
Other Special Charges / (Income)	12	-1.43	-9.48	-	-5.52	-	20	-	-11	-	-9.58
Total Other Income / (Expense), net	-46	-39	-37	69	-37	-147	-39	-37	-33	-42	-46
Interest Expense	44	35	36	35	35	37	44	39	38	37	42
Other Income / (Expense), net	-1.92	-3.49	-1.17	103	-1.45	-110	5.40	1.49	4.59	-5.35	-3.95
Income Tax Expense	160	82	218	162	-2.14	125	-0.53	3.02	17	-49	-75
Basic Earnings per Share	($2.28)	$5.98	$4.22	$2.89	$0.13	$3.35	$0.04	($0.12)	$0.44	($0.96)	($1.34)
Weighted Average Basic Shares Outstanding	180.48M	170.13M	165.58M	161.46M	158.85M	151.79M	153.25M	151.23M	149.27M	148.84M	144.72M
Diluted Earnings per Share	($2.28)	$6.00	$3.61	$2.47	$0.12	$2.79	$0.04	($0.12)	$0.37	($0.89)	($1.34)
Weighted Average Diluted Shares Outstanding	180.48M	170.13M	165.58M	161.46M	158.85M	151.79M	153.25M	151.23M	149.27M	148.84M	144.72M
Weighted Average Basic & Diluted Shares Outstanding	180.48M	170.13M	165.58M	161.46M	158.85M	151.79M	153.25M	151.23M	149.27M	148.84M	144.72M
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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	-111	-19	463	-492	-0.92	5.32	-18	18	-21	55
Net Cash From Operating Activities	512	464	649	886	981	795	926	1,235	815	816
Net Cash From Continuing Operating Activities	236	267	433	886	983	794	926	1,235	815	816
Net Income / (Loss) Continuing Operations	-650	-551	295	883	32	-429	-499	-142	1,721	-90
Consolidated Net Income / (Loss)	-375	-848	381	883	32	-429	-499	-142	1,721	-90
Depreciation Expense	372	420	412	493	508	502	515	461	434	486
Amortization Expense	-	9.06	11	8.36	7.75	21	27	8.46	9.28	11
Non-Cash Adjustments To Reconcile Net Income	634	115	-290	-731	85	819	1,631	954	-1,960	177
Changes in Operating Assets and Liabilities, net	-120	274	3.21	232	349	-119	-748	-47	611	232
Net Cash From Investing Activities	-996	487	-222	-895	-1,147	-439	-421	-528	-509	-484
Net Cash From Continuing Investing Activities	-826	161	-176	-895	-1,147	-439	-421	-528	-509	-484
Purchase of Property, Plant & Equipment	-840	-173	-633	-1,116	-1,193	-487	-466	-566	-679	-540
Purchase of Investments	-	-	-	-	-	-	-	0.00	0.00	-4.87
Sale of Property, Plant & Equipment	87	47	414	512	45	48	45	37	170	61
Net Cash From Financing Activities	374	-970	36	-483	166	-351	-524	-689	-326	-277
Net Cash From Continuing Financing Activities	63	-964	68	-483	166	-351	-524	-689	-326	-277
Repayment of Debt	-1,274	-960	-248	-983	-424	-1,416	-2,791	-4,290	-1,920	-1,872
Repurchase of Common Equity	-84	0.00	-103	-382	-117	-37	-245	-565	-320	-184
Issuance of Debt	1,445	0.00	0.00	1,006	549	1,200	2,512	4,171	1,922	1,795
Issuance of Common Equity	8.29	0.00	1.01	1.71	0.57	2.06	5.09	1.20	1.76	2.69
Other Financing Activities, net	0.21	-1.65	418	-71	221	-58	-4.55	-5.85	-9.50	-18

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

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

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

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

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

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

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

Frequently Asked Questions About CNX Resources' Financials

When does CNX Resources's fiscal year end?

According to the most recent income statement we have on file, CNX Resources' financial year ends in December. Their financial 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. See where experts think CNX Resources is headed by visiting CNX Resources' forecast page.

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 5/6/2025 by MarketBeat.com Staff

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CNX Resources (CNX) Financials

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CNX Resources (CNX) Financials

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