Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.
The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.
Zacks Premium also includes the Zacks Style Scores.
What are the Zacks Style Scores? Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days.
Each stock is given an alphabetic rating of A, B, C, D or F based on their value, growth, and momentum qualities. With this system, an A is better than a B, a B is better than a C, and so on, meaning the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value ScoreFor value investors, it's all about finding good stocks at good prices, and discovering which companies are trading under their true value before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks.
Growth ScoreWhile good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.
Momentum ScoreMomentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.
VGM ScoreIf you like to use all three kinds of investing, then the VGM Score is for you. It's a combination of all Style Scores, and is an important indicator to use with the Zacks Rank. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.
Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +23.8% average annual return since 1988, more than double the S&P 500's performance. But the model rates a large number of stocks, and there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
With more than 800 top-rated stocks to choose from, it can certainly feel overwhelming to pick the ones that are right for you and your investing journey.
That's where the Style Scores come in.
To maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure as much upside potential as possible.
As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.
Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: CNX Resources Corporation. (CNX - Free Report) CNX was incorporated in Delaware in 1991; its predecessors had been mining coal in Appalachia since 1864. The natural gas-focused business retained the CNX ticker, while the coal-focused company retained the former company name.
CNX is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
Momentum investors should take note of this Oils-Energy stock. CNX has a Momentum Style Score of A, and shares are up 2.5% over the past four weeks.
Two analysts revised their earnings estimate higher in the last 60 days for fiscal 2026, while the Zacks Consensus Estimate has increased $0.57 to $3.23 per share. CNX also boasts an average earnings surprise of +39.7%.
With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, CNX should be on investors' short list.
On September 01, 2026, CNX Resources Corp CNX shares rose 3.2% to a current price of $37.56. This move comes as the stock has traded between $28.70 and $43.62 over the past 52 weeks.
GF Value™ verdict: CNX is estimated to be 14.0% undervalued, with a fair value of $43.68.GF Score™ of 71/100 indicates an above-average overall rating.Insider activity shows that insiders sold $3.0 million worth of shares over the past 12 months, with no buying activity reported.Is CNX Overvalued or Undervalued?CNX Resources Corp is currently trading at $37.56, while the GF Value™ estimates its fair value at $43.68. This indicates that the stock is approximately 14.0% undervalued, providing a potential margin of safety for investors. The GF Valuation label classified CNX as modestly undervalued, suggesting a favorable opportunity for those looking to enter or expand their position in the company. GF Value™ is GuruFocus' proprietary estimate of a stock's intrinsic value, which is derived from a range of factors including historical trading multiples, past business growth, and future performance expectations.
Given the current price and the GF Value™ assessment, CNX appears to offer a notable opportunity for investors, albeit with the inherent risks associated with market volatility and sector-specific challenges in the oil and gas industry.
How Does CNX's Valuation Compare to Its History?MetricCurrentHistoricalP/E (TTM)6.3x5.4xForward P/E9.3xN/ACNX's current P/E ratio of 6.3x is 17% above its 5-year median P/E of 5.4x, indicating that the stock is trading at a relatively higher valuation compared to its historical performance. This P/E analysis aligns with the GF Value™ verdict, suggesting a modestly undervalued status, which may present an attractive entry point for investors looking at long-term prospects.
What Does CNX's GF Score™ Tell Us?The GF Score™ measures the overall quality of a stock based on several factors, including financial strength, profitability, growth potential, valuation, and momentum. CNX's GF Score™ of 71/100 reflects an above-average rating, with notable strengths in valuation and momentum.
MetricRatingGF Score™71Financial Strength5/10Profitability6/10Growth3/10Valuation8/10Momentum8/10The analysis of CNX's GF Score™ indicates that while the company's profitability and financial strength rankings are moderate, it has a strong valuation rank of 8/10 and a solid momentum rank of 8/10. This suggests that CNX is performing well in terms of its valuation metrics, which supports the idea of it being undervalued based on GF Value™ estimates.
What Are Gurus and Insiders Doing with CNX?Currently, 6 gurus hold shares of CNX, with 6 actively adding to their positions and 2 trimming their stakes in recent quarters. This indicates a positive sentiment among knowledgeable investors, reinforcing the potential for upward price movement.
On the insider front, the activity has been less encouraging, as insiders have sold $3.0 million worth of shares over the past year with no reported buying. This could suggest a lack of confidence from insiders regarding the stock's short-term prospects, which investors should consider when evaluating the overall sentiment around CNX.
What This Means for InvestorsBased on the analysis, CNX Resources Corp appears to be undervalued according to the GF Value™ estimate, which presents a potential opportunity for investors. However, the recent insider selling and moderate indicators in financial strength and profitability should be carefully weighed against the positive guru activity. For further insights and detailed metrics, visit the CNX Resources Corp CNX stock page.
Frequently Asked QuestionsWhat is CNX's GF Score™?
CNX has a GF Score™ of 71/100, indicating an above-average overall rating based on various performance metrics.
Is CNX overvalued or undervalued?
CNX is currently undervalued, with a GF Value™ estimate indicating a 14.0% upside potential.
What is CNX's P/E ratio?
CNX's P/E (TTM) ratio is 6.3x, which is above its historical median of 5.4x, suggesting that the stock is trading at a higher valuation compared to its past.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Disclosures I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.
The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.
Zacks Premium includes access to the Zacks Style Scores as well.
What are the Zacks Style Scores? The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days.
Each stock is given an alphabetic rating of A, B, C, D or F based on their value, growth, and momentum qualities. With this system, an A is better than a B, a B is better than a C, and so on, meaning the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value ScoreFinding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks.
Growth ScoreGrowth investors are more concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, the Growth Style Score analyzes characteristics like projected and historic earnings, sales, and cash flow to find stocks that will see sustainable growth over time.
Momentum ScoreMomentum traders and investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.
VGM ScoreIf you want a combination of all three Style Scores, then the VGM Score will be your friend. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. It's also one of the best indicators to use with the Zacks Rank.
How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
It's highly successful, with #1 (Strong Buy) stocks producing an unmatched +23.8% average annual return since 1988. That's more than double the S&P 500. But because of the large number of stocks we rate, there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio.
That's where the Style Scores come in.
To maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure as much upside potential as possible.
The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.
For instance, a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one that boasts Scores of A and B, still has a downward-trending earnings forecast, and a much greater likelihood its share price will decline as well.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: CNX Resources Corporation. (CNX - Free Report) Founded in 1860, CNX Resources is an independent natural gas exploration and production company formed after the separation of CONSOL’s exploration and production and Pennsylvania mining operations into two independent companies. The natural gas-focused business retained the CNX ticker, while the coal-focused company retained the former company name.
CNX is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
Momentum investors should take note of this Oils-Energy stock. CNX has a Momentum Style Score of A, and shares are up 6% over the past four weeks.
For fiscal 2026, two analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.47 to $3.23 per share. CNX boasts an average earnings surprise of +39.7%.
With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, CNX should be on investors' short list.
Deutsche Bank AG purchased a new stake in CNX Resources Corporation. (NYSE:CNX – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 228,172 shares of the oil and gas producer’s stock, valued at approximately $7,742,000. Deutsche Bank AG owned approximately 0.15% of CNX Resources as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently made changes to their positions in CNX. Northwestern Mutual Wealth Management Co. lifted its position in CNX Resources by 3,227.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 90,603 shares of the oil and gas producer’s stock valued at $3,331,000 after acquiring an additional 87,880 shares in the last quarter. Principal Financial Group Inc. boosted its stake in CNX Resources by 98.4% in the 1st quarter. Principal Financial Group Inc. now owns 579,120 shares of the oil and gas producer’s stock worth $22,325,000 after purchasing an additional 287,240 shares during the period. First Trust Advisors LP increased its holdings in CNX Resources by 81.9% during the 1st quarter. First Trust Advisors LP now owns 965,371 shares of the oil and gas producer’s stock worth $37,215,000 after purchasing an additional 434,620 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in CNX Resources by 6,057.8% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,838,852 shares of the oil and gas producer’s stock worth $147,988,000 after purchasing an additional 3,776,511 shares in the last quarter. Finally, Dorsey Wright & Associates acquired a new stake in shares of CNX Resources in the 4th quarter valued at about $5,498,000. Institutional investors and hedge funds own 95.16% of the company’s stock.
Analysts Set New Price Targets A number of analysts have recently commented on CNX shares. Weiss Ratings lowered CNX Resources from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, July 28th. Tudor Pickering upgraded CNX Resources from a “strong sell” rating to a “hold” rating in a report on Friday, May 8th. Mizuho dropped their target price on CNX Resources from $44.00 to $42.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 27th. Truist Financial raised CNX Resources from a “sell” rating to a “hold” rating and set a $35.00 target price on the stock in a research report on Wednesday, July 15th. Finally, Barclays cut their target price on CNX Resources from $36.00 to $35.00 and set an “underweight” rating on the stock in a research note on Tuesday, May 26th. Nine equities research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of $35.44.
View Our Latest Report on CNX Resources CNX Resources Stock Performance Shares of NYSE:CNX opened at $36.36 on Monday. The company’s 50-day moving average price is $34.15 and its two-hundred day moving average price is $36.81. CNX Resources Corporation. has a one year low of $28.45 and a one year high of $43.62. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.72 and a quick ratio of 0.67. The stock has a market capitalization of $5.38 billion, a PE ratio of 6.07 and a beta of 0.60.
CNX Resources (NYSE:CNX – Get Free Report) last released its earnings results on Thursday, July 30th. The oil and gas producer reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.72. CNX Resources had a return on equity of 10.40% and a net margin of 36.53%.The business had revenue of $618.48 million for the quarter, compared to the consensus estimate of $475.16 million. During the same quarter in the previous year, the business earned $2.43 earnings per share. CNX Resources’s quarterly revenue was down 35.7% on a year-over-year basis. On average, equities analysts forecast that CNX Resources Corporation. will post 3.08 EPS for the current fiscal year.
CNX Resources Company Profile (Free Report)
CNX Resources Corporation is a natural gas and natural gas liquids producer with operations concentrated in the Appalachian Basin. Established as an independent, publicly traded entity in 2018 following its spinoff from Consol Energy, the company focuses on the exploration, development and production of hydrocarbon resources in the Marcellus and Utica shales across Pennsylvania, West Virginia and Ohio.
In addition to its upstream activities, CNX Resources has invested in midstream infrastructure through its subsidiary that gathers, processes and transports natural gas.
Read More Five stocks we like better than CNX Resources VIG, VYM, and VYMI: Which Vanguard Dividend ETF Is Right for You? 3 Closed-End Funds to Maximize Dividend Payments Rocket Lab’s Sell-Off Is Fading—Is It Finally Safe to Buy? $27 Billion in Buybacks: 3 Stocks Betting Their Strong Runs Aren’t Over Want to see what other hedge funds are holding CNX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CNX Resources Corporation. (NYSE:CNX – Free Report).
Receive News & Ratings for CNX Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CNX Resources and related companies with MarketBeat.com's FREE daily email newsletter.
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.
Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.
Zacks Premium also includes the Zacks Style Scores.
What are the Zacks Style Scores? The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days.
Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on.
The Style Scores are broken down into four categories:
Value ScoreValue investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.
Growth ScoreWhile good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.
Momentum ScoreMomentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
VGM ScoreIf you like to use all three kinds of investing, then the VGM Score is for you. It's a combination of all Style Scores, and is an important indicator to use with the Zacks Rank. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.
Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +23.94% average annual return since 1988, more than double the S&P 500's performance. But the model rates a large number of stocks, and there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio.
That's where the Style Scores come in.
To maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure as much upside potential as possible.
As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.
Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: CNX Resources Corporation. (CNX - Free Report) Founded in 1860, CNX Resources is an independent natural gas exploration and production company formed after the separation of CONSOL’s exploration and production and Pennsylvania mining operations into two independent companies. The natural gas-focused business retained the CNX ticker, while the coal-focused company retained the former company name.
CNX is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
Momentum investors should take note of this Oils-Energy stock. CNX has a Momentum Style Score of A, and shares are up 4.1% over the past four weeks.
For fiscal 2026, two analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.40 to $3.16 per share. CNX boasts an average earnings surprise of +39.7%.
With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, CNX should be on investors' short list.
Glenmede Trust Co. NA reduced its holdings in shares of CNX Resources Corporation. (NYSE:CNX – Free Report) by 8.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 303,549 shares of the oil and gas producer’s stock after selling 28,063 shares during the period. Glenmede Trust Co. NA owned about 0.21% of CNX Resources worth $11,702,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Segall Bryant & Hamill LLC acquired a new position in CNX Resources in the first quarter worth about $18,609,000. BankChampaign National Association acquired a new stake in CNX Resources during the first quarter valued at approximately $414,000. Edgestream Partners L.P. boosted its holdings in CNX Resources by 8.0% during the first quarter. Edgestream Partners L.P. now owns 101,715 shares of the oil and gas producer’s stock valued at $3,921,000 after purchasing an additional 7,512 shares in the last quarter. Arkadios Wealth Advisors grew its stake in shares of CNX Resources by 16.7% in the 1st quarter. Arkadios Wealth Advisors now owns 15,210 shares of the oil and gas producer’s stock valued at $586,000 after purchasing an additional 2,182 shares during the period. Finally, California State Teachers Retirement System grew its stake in shares of CNX Resources by 23.1% in the 1st quarter. California State Teachers Retirement System now owns 163,936 shares of the oil and gas producer’s stock valued at $6,320,000 after purchasing an additional 30,756 shares during the period. Institutional investors own 95.16% of the company’s stock.
More CNX Resources News Here are the key news stories impacting CNX Resources this week:
Positive Sentiment: Quarterly earnings exceeded expectations. CNX reported adjusted earnings of $0.72 per share, 26.3% above the consensus estimate of $0.57. Another report cited GAAP earnings of $1.32 per share versus a $0.60 estimate. Disciplined spending and a 59% cash operating margin helped offset weaker operating conditions. CNX Resources Q2 Earnings Surpass Estimates, Production Falls Year over Year Positive Sentiment: 45Z tax-credit opportunity could add meaningful cash flow. CNX outlined an estimated $90 million annual run rate from the federal 45Z clean-fuel production credit and related environmental attributes, pending Treasury guidance. This could improve earnings visibility and strengthen free cash flow if the benefits are realized. CNX Outlines Annual Run Rate From 45Z and Environmental Attributes Neutral Sentiment: Investors are weighing the earnings beat against mixed operating results. CNX generated approximately $435 million in quarterly revenue, below the roughly $475 million analyst forecast. The results call and earnings materials provide additional context on the company’s outlook, cost controls and production plans. CNX Resources Q2 2026 Earnings Call Transcript Negative Sentiment: Production and revenue declined year over year. CNX’s revenue fell 35.7% from the prior-year quarter, while earnings declined from $2.43 per share a year earlier. Lower natural-gas prices and reduced output could pressure results if market conditions do not improve. CNX Resources Second-Quarter Earnings Report CNX Resources Stock Performance NYSE CNX opened at $35.77 on Monday. CNX Resources Corporation. has a 1-year low of $27.72 and a 1-year high of $43.62. The company has a 50 day moving average of $33.55 and a 200-day moving average of $36.94. The company has a current ratio of 0.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.46. The firm has a market cap of $5.06 billion, a price-to-earnings ratio of 5.97 and a beta of 0.60.
Wall Street Analysts Forecast Growth A number of equities analysts have recently issued reports on the company. Zacks Research cut CNX Resources from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 28th. Morgan Stanley decreased their price target on CNX Resources from $34.00 to $32.00 and set an “underweight” rating on the stock in a research note on Monday, June 29th. Weiss Ratings cut CNX Resources from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, July 28th. Truist Financial upgraded CNX Resources from a “sell” rating to a “hold” rating and set a $35.00 price objective for the company in a research note on Wednesday, July 15th. Finally, Mizuho cut their price objective on CNX Resources from $44.00 to $42.00 and set a “neutral” rating for the company in a report on Wednesday, May 27th. Nine investment analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, CNX Resources has an average rating of “Reduce” and a consensus target price of $35.44.
Read Our Latest Stock Analysis on CNX
About CNX Resources (Free Report)
CNX Resources Corporation is a natural gas and natural gas liquids producer with operations concentrated in the Appalachian Basin. Established as an independent, publicly traded entity in 2018 following its spinoff from Consol Energy, the company focuses on the exploration, development and production of hydrocarbon resources in the Marcellus and Utica shales across Pennsylvania, West Virginia and Ohio.
In addition to its upstream activities, CNX Resources has invested in midstream infrastructure through its subsidiary that gathers, processes and transports natural gas.
Further Reading Five stocks we like better than CNX Resources 3 Fixed-Income ETFs Show Why Yield Is Only Part of the Income Story AbbVie Quietly Solved Its Biggest Problem—Now What? Rio Tinto’s Results Make the Case for Looking Beyond Tech in the AI Trade Strategy’s Structural Strength: Hidden in a $8 Billion Illusion Want to see what other hedge funds are holding CNX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CNX Resources Corporation. (NYSE:CNX – Free Report).
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Key Takeaways CNX Resources' Q2 earnings rose 22% to 72 cents per share, topping estimates by 26.3%. Production fell 9.6% and adjusted EBITDAX declined 12.7%, while realized prices rose 7.1%.CNX reaffirmed 2026 output of 605-620 Bcfe and free cash flow of about $525 million. CNX Resources Corporation (CNX - Free Report) reported second-quarter 2026 operating earnings of 72 cents per share, beating the Zacks Consensus Estimate of 57 cents by 26.3%. The bottom line increased 22% from the year-ago quarter’s 59 cents. The earnings beat came despite lower production and natural gas prices, supported by disciplined costs and a 59% cash operating margin.
CNX’s RevenuesThe company reported revenues of $389 million, which missed the Zacks Consensus Estimate of $413 million by 5.8%.
CNX Resources’ Output & Profitability MetricsThe average natural gas sales price was $2.40 per thousand cubic feet equivalent (Mcfe), down 15.5% from $2.84 in the year-ago period. Including cash settlements, the average realized price for natural gas, NGLs and oil increased 7.1% to $2.87 per Mcfe. Total production cost was $1.73 per Mcfe, up 3.59% year over year.
Total production volumes were 151.5 billion cubic feet equivalent (Bcfe), down 9.6% year over year. Average daily production fell 9.6% year over year to 1,664.8 million cubic feet equivalent from 1,841.8 million cubic feet equivalent.
Adjusted EBITDAX declined 12.7% year over year to $290 million from $332 million.
Interest expenses totaled $39.02 million, down 11.4% year over year figure of $44.04 million.
CNX’s Financial Position and Cash FlowAs of June 30, 2026, CNX Resources had cash and cash equivalents of $6.16 million compared with $0.8 million as of Dec. 31, 2025.
Long-term debt as of June 30, 2026, was $2.22 billion compared with $2.21 billion as of Dec. 31, 2025
In the second quarter of 2026, net cash provided by operating activities was $279.5 million compared with $282.5 million in the year-ago quarter.
In the second quarter of 2026, capital expenditures rose 25% year over year to $142 million compared with $113.6 million in the year-ago quarter.
Free cash flow totaled $138 million in the second quarter of 2026, marking CNX Resources’ 26th consecutive quarter of positive free cash flow generation compared with $188 million a year earlier.
During the second quarter, CNX Resources repurchased 5.6 million shares at an average price of $35.28 per share for a total cost of $199 million. Over the past 23 quarters, CNX incurred a total cost of $2.2 billion to repurchase nearly 105.8 million shares at an average price of $20.43 per share.
CNX Resources Reaffirms 2026 OutlookManagement maintained its 2026 production guidance of 605-620 Bcfe.
Adjusted EBITDAX is projected between $1.27 billion and $1.32 billion.
Total capital expenditures are expected in the range of $556-$586 million. This includes a $16 million payment for Utica Shale rights.
CNX Resources reaffirmed free cash flow guidance of approximately $525 million.
CNX’s Zacks RankThe company currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
Upcoming ReleasesONEOK, Inc. (OKE - Free Report) is slated to report second-quarter results 2026 on Aug. 3, after market close. The Zacks Consensus Estimate for earnings is pegged at $1.39 per share, which indicates year-over-year growth of 3.73%.
OKE’s long-term (three to five years) earnings growth rate is 3.27%. The Zacks Consensus Estimate for 2026 earnings is pinned at $5.56 per share, which implies a year-over-year improvement of 2.58%.
Devon Energy (DVN - Free Report) is slated to report second-quarter results 2026 on Aug. 4, after market close. The Zacks Consensus Estimate for earnings is pegged at $1.30 per share, which indicates year-over-year growth of 54.76%.
DVN's dividend yield is 1.28%. The Zacks Consensus Estimate for 2026 earnings is pinned at $4.64 per share, which implies a year-over-year improvement of 18.37%.
Murphy Oil Corporation (MUR - Free Report) is slated to report second-quarter 2026 results on Aug. 5, after market close. The Zacks Consensus Estimate for earnings is pegged at $1.51 per share, which indicates a year-over-year increase of 459.26%.
MUR's dividend yield is 1.40%. The Zacks Consensus Estimate for 2026 earnings is pegged at $3.14 per share, which indicates a year-over-year increase of 129.20%.
$7 Billion in Clean Hydrogen Grants: Winners and LosersCNX Resources NYSE: CNX outlined its outlook for federal clean-fuel tax credits, capital allocation, drilling activity and production timing during its second-quarter 2026 question-and-answer conference call.
Management said updated Treasury guidance and confirmation regarding qualifying methane streams have increased the company’s expectations for monetizing credits under Section 45Z. The company also reiterated that its capital-allocation approach remains centered on long-term per-share value, including potential share repurchases when management sees a substantial margin of safety.
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45Z Credit Expectations Rise Chief Financial Officer Everett Good said CNX received confirmation that methane captured during the first four months of 2025 qualified for the 45Z credit. That confirmation supported an increase in the company’s expected cash flows for 2026.
Good said Treasury also refined carbon-intensity calculations in its GREET model, raising CNX’s projected annual 45Z monetization value to about $40 million. He said CNX expects to combine future 45Z credit sales with environmental attributes to target a run rate of approximately $90 million annually beginning in 2027.
President and Chief Executive Officer Alan Shepard said Treasury guidance is expected during the second half of 2026.
CNX said it monetized $30 million of credits, with the cash-flow impact expected to appear in the third quarter. Shepard said the accounting treatment will be reflected through the income-tax expense line rather than EBITDA.
On potential expansion of its methane-remediation activities, Shepard said the company is monitoring whether lower carbon-intensity scores and higher credit values could support additional investment. CNX has rights and opportunities to expand the system, he said, but no definitive expansion plans are in place.
“Nothing near term, no. Nothing for the rest of this year,” Shepard said in response to a question about additional remediation projects beyond the Buchanan Mine.
Good also addressed the Pennsylvania alternative energy credit, or AEC, market. He said CNX is using observed ICE market pricing in its assumptions and is currently modeling the market as stable to flat, while recognizing that the market can be volatile.
Capital Spending and Share Repurchases CNX said its projected capital spending remains positioned around the midpoint of its full-year 2026 guidance range. While third-quarter spending is expected to rise from second-quarter levels and then level out in the fourth quarter, Shepard said that timing reflects field activity rather than cost inflation.
“Not seeing really anything on the inflation side to note,” Shepard said.
Management declined to provide quarterly capital-spending guidance, emphasizing that investors should evaluate the company against its full-year guidance range.
Shepard said CNX has not changed the capital-allocation process it has followed for roughly six and a half years. He said the company’s priority is creating long-term value per share and that CNX has flexibility to act when it identifies attractive opportunities in its equity.
Asked about the company’s willingness to use debt, including its revolving credit facility, to support additional repurchases, Shepard said the near-term natural-gas outlook appears softer heading into 2027, while the longer-term outlook for Appalachian gas remains strong.
Under that view, he said, an upstream operator could be more interested in repurchasing shares, subject to appropriate constraints and risk management. He added that CNX would continue evaluating capital deployment through its established process.
Drilling Activity and Production Timing Management said second-quarter drilling activity and spending were in line with its plans, despite questions from analysts about whether spending was lower than expected. CNX drilled two Utica wells during the quarter, and Shepard said the pace reflected the company’s planned activity schedule.
For the second half of the year, CNX expects a large Marcellus pad currently in progress to enter production during the third quarter. Shepard said the pad represents approximately 12 to 13 annualized wells.
The company’s current Utica pad is expected to come online later in the fourth quarter. Shepard said that schedule should result in a couple of larger wells coming online in the third quarter, followed by additional production growth in the fourth quarter.
He said CNX does not over-engineer its production schedule around seasonal gas-price expectations, though the company’s planned completion timing naturally positions some production later in the year.
Utica Performance and Well Costs CNX said it continues to see operational improvement in its Utica drilling program. Shepard said the company has achieved recent 24-hour drilling records and continues to improve drilling performance as it returns to pads and advances through additional wells.
The company continues to use an estimated well-cost level of approximately $1,700 per foot for the Utica, according to Shepard. He said the most significant potential for future improvement remains in drilling, while completions and other well-construction costs have been relatively steady.
CNX plans to provide a further update when it has a more complete data set, he said.
Shepard also said the company’s Utica wells in central Pennsylvania are performing in line with CNX’s prior guidance. Based on state data and other available information, he said management is pleased with the results and considers the asset “top tier in the basin.”
Regarding longer lateral lengths in southwestern Pennsylvania during the second quarter, Shepard said the lengths are primarily determined by acreage configuration. CNX seeks to maximize lateral length where possible because longer laterals generally improve well economics.
About CNX Resources (NYSE:CNX)CNX Resources Corporation is a natural gas and natural gas liquids producer with operations concentrated in the Appalachian Basin. Established as an independent, publicly traded entity in 2018 following its spinoff from Consol Energy, the company focuses on the exploration, development and production of hydrocarbon resources in the Marcellus and Utica shales across Pennsylvania, West Virginia and Ohio.
In addition to its upstream activities, CNX Resources has invested in midstream infrastructure through its subsidiary that gathers, processes and transports natural gas.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
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CNX Resources Corporation. (CNX - Free Report) came out with quarterly earnings of $0.72 per share, beating the Zacks Consensus Estimate of $0.57 per share. This compares to earnings of $0.59 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +26.32%. A quarter ago, it was expected that this company would post earnings of $0.93 per share when it actually produced earnings of $1.21, delivering a surprise of +30.11%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
CNX Resources, which belongs to the Zacks Oil and Gas - Exploration and Production - United States industry, posted revenues of $389.44 million for the quarter ended June 2026, missing the Zacks Consensus Estimate by 5.66%. This compares to year-ago revenues of $450 million. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
CNX Resources shares have lost about 5.6% since the beginning of the year versus the S&P 500's gain of 6.9%.
What's Next for CNX Resources?While CNX Resources has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for CNX Resources was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.56 on $411.37 million in revenues for the coming quarter and $2.84 on $1.91 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Oil and Gas - Exploration and Production - United States is currently in the bottom 12% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Riley Exploration Permian, Inc. (REPX - Free Report) , is yet to report results for the quarter ended June 2026. The results are expected to be released on August 5.
This company is expected to post quarterly earnings of $1.53 per share in its upcoming report, which represents a year-over-year change of +6.3%. The consensus EPS estimate for the quarter has been revised 6.6% lower over the last 30 days to the current level.
Riley Exploration Permian, Inc.'s revenues are expected to be $149.13 million, up 74.7% from the year-ago quarter.
, /PRNewswire/ -- CNX Resources Corporation (NYSE: CNX) ("CNX" or "the company") today released financial and operational results for the second quarter of 2026 by posting those results on its website as detailed below.
The company's second quarter prepared remarks can be accessed by clicking here.
Second quarter earnings results and supplemental information regarding quarterly E&P data such as production volumes and hedging information, financial statements, and non-GAAP reconciliations can be accessed by clicking here.
A company presentation to accompany its prepared remarks can be accessed by clicking here.
The company's prepared remarks, earnings results and supplemental information, and presentation materials are also available on the Investor Relations page of the company's website at www.cnx.com.
As previously disclosed, the CNX Q&A conference call details are as follows:
10:00 a.m. ET: Thursday, July 30 Dial-In: 855-656-0928 (domestic) 412-902-4112 (international) Reference "CNX Resources Call" Webcast: investors.cnx.com A replay of the Q&A conference call and webcast will be maintained on the Investor Relations page on CNX's website.
About CNX Resources Corporation
CNX Resources Corporation (NYSE: CNX) is unique. We are a premier, ultra-low carbon intensive natural gas development, production, midstream, and technology company centered in Appalachia, one of the most energy abundant regions in the world. With the benefit of a 162-year regional legacy, substantial asset base, leading core operational competencies, technology development and innovation, and astute capital allocation methodologies, we responsibly develop our resources and deploy free cash flow to create long-term per share value for our shareholders, employees, and the communities where we operate. As of December 31, 2025, CNX had 9.7 trillion cubic feet equivalent of proved natural gas reserves. The company is a member of the Standard & Poor's Midcap 400 Index. Additional information is available at www.cnx.com.
Sundance Energy Australia (OTCMKTS:SDCJF – Get Free Report) and WhiteHawk Income (NYSE:WHK – Get Free Report) are both small-cap energy companies, but which is the superior business? We will contrast the two businesses based on the strength of their valuation, profitability, analyst recommendations, institutional ownership, earnings, dividends and risk.
Earnings & Valuation This table compares Sundance Energy Australia and WhiteHawk Income”s top-line revenue, earnings per share and valuation.
Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Sundance Energy Australia $164.93 million 0.06 -$28.14 million N/A N/A WhiteHawk Income $91.27 million 7.67 N/A N/A N/A WhiteHawk Income has lower revenue, but higher earnings than Sundance Energy Australia.
Profitability This table compares Sundance Energy Australia and WhiteHawk Income’s net margins, return on equity and return on assets.
Net Margins Return on Equity Return on Assets Sundance Energy Australia 24.02% 13.45% 6.16% WhiteHawk Income N/A N/A N/A Analyst Recommendations This is a breakdown of current recommendations for Sundance Energy Australia and WhiteHawk Income, as reported by MarketBeat.
Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Sundance Energy Australia 0 0 0 0 0.00 WhiteHawk Income 0 2 3 1 2.83 WhiteHawk Income has a consensus price target of $31.40, suggesting a potential upside of 19.94%. Given WhiteHawk Income’s stronger consensus rating and higher probable upside, analysts plainly believe WhiteHawk Income is more favorable than Sundance Energy Australia.
Summary WhiteHawk Income beats Sundance Energy Australia on 5 of the 9 factors compared between the two stocks.
About Sundance Energy Australia (Get Free Report)
Sundance Energy Australia Limited operates as an onshore oil and gas company in the United States. The company explores for, develops, and produces oil and natural gas. Its exploration and development activities are focused on the Eagle Ford project in the South-Texas-Gulf Coast Basin. Sundance Energy Australia Limited was incorporated in 2004 and is based in Wayville, Australia.
About WhiteHawk Income (Get Free Report)
WhiteHawk is focused on being the premier natural gas mineral and royalty business in the United States. We are committed to delivering cash flow and total returns to our investors through the disciplined acquisition, active management and ownership of high-quality mineral and royalty interests. Our assets are concentrated in the Marcellus and Haynesville Shales, which are located in the Appalachian and Haynesville Basins, which are among the most productive and lowest-cost U.S. natural gas basins(1). Upon completion of the offering, we will own the largest, high-quality publicly traded natural gas mineral portfolio in the United States(2). As a mineral and royalty business, we do not pay any drilling-related capital expenditures and only minimal operating expenses on our properties. This results in a high-margin business and allows us to distribute a meaningful portion of our cash flow to investors, while providing them with potential for significant capital appreciation over time. As of March 31, 2026, our portfolio spans approximately 3.4 million gross DSU acres, including 1.6 million gross DSU acres across the Appalachian and Haynesville Basins and represents an economic interest in approximately 13%(3) of all natural gas produced in the United States as of December 31, 2025. Further, we have more than 10,900 producing wells and more than 8,000 remaining identified undeveloped locations as of December 31, 2025. The Appalachian and Haynesville Basins form the core of U.S. natural gas production and are among the most prolific energy-producing regions globally. If measured against sovereign nations, the Appalachian Basin would rank as the world’s second-largest natural gas producer, with daily production of approximately 33 Bcf/d, and the Haynesville Basin would rank eighth with daily production of approximately 13 Bcf/d(4). In 2025, the Appalachian and Haynesville Basins together accounted for more than 50%(5) of total U.S. dry gas production, providing the foundation of domestic natural gas supply and export growth. Our mineral interests are concentrated in the core of these premier natural gas regions and offer long-term participation in two of the largest, most active and lowest-cost natural gas weighted basins in the United States(6). WhiteHawk’s mineral interests are developed by many of the largest, most active and well-capitalized natural gas operators in the United States, including EQT (NYSE: EQT), Range Resources (NYSE: RRC), CNX Resources (NYSE: CNX), Antero Resources (NYSE: AR), Expand Energy (NASDAQ: EXE), Comstock Resources (NYSE: CRK) and Aethon Energy. In 2025, approximately 18%(7) of all wells drilled in the Appalachian and Haynesville Basins were located on acreage in which we hold royalty interests. Our significant footprint across both basins provides alignment and scale with these premier operators. In 2025, EQT was the largest natural gas producer in the Appalachian Basin, and Expand Energy was the largest producer in the Haynesville Basin(8). In the same year, approximately 49% of EQT’s Appalachian production and 57% of Expand Energy’s Haynesville production were sourced from acreage in which we hold royalty interests(9). Because our mineral interests are concentrated within these operators’ active and planned development areas, we can benefit directly from their scale, financial strength and efficiency. Our exposure to leading operators enables us to gain from their continuous development across commodity cycles and provides a resilient base for predictable cash flow growth. Leveraging our scale and position alongside leading operators, we believe we are well positioned to capitalize on two powerful natural gas demand catalysts: artificial intelligence (“AI”) driven electricity demand growth and expanding U.S. liquefied natural gas (“LNG”) exports. Natural gas remains the most reliable, scalable and cost-effective source of baseload power and accounted for approximately 41%(10) of total U.S. electricity generation in 2025. The rapid buildout of AI and cloud-computing infrastructure is projected to create additional demand for natural gas-fired power generation, with a management-estimated 7.8 Bcf/d of total natural gas demand associated with new power plants expected to be constructed by 2031,(11) largely within WhiteHawk’s Appalachian Basin footprint. In addition to an increase in domestic demand, global demand for U.S. natural gas is expected to further accelerate through LNG export growth. The EIA projects the United States will nearly double its LNG export capacity from approximately 17 Bcf/d(12) in 2025 to nearly 34 Bcf/d by 2031(13) as European and Asian buyers seek to diversify supply and reduce exposure to higher regional benchmark prices. The Haynesville Basin’s proximity and pipeline connectivity to the Gulf Coast LNG corridor position our mineral interests to benefit directly from this expansion in export capacity and feed-gas demand. Together, accelerating power demand from AI and the continued buildout of LNG export capacity, inclusive of announced projects, are expected to drive a structural step-change in U.S. natural gas demand—driving roughly a 38%(14) increase in combined demand by 2031 compared to 2025 levels. WhiteHawk believes it offers public investors direct equity exposure to the powerful tailwinds of AI-driven power demand and expanding U.S. LNG exports without drilling-related capital expenditures. WhiteHawk is led by one of the most experienced and acquisitive management teams in the minerals and royalties sector. Collectively, our leadership has more than 125 years of industry experience and has completed over $31 billion of energy transactions across the upstream, midstream, and minerals and royalty value chain. Members of our team previously served as senior executives or founders of Atlas Energy (NYSE: ATLS), Atlas Pipeline Partners (NYSE: APL) and Falcon Minerals Corporation (NASDAQ: FLMN), each of which were successful public companies that generated substantial shareholder value through disciplined growth, accretive acquisitions and strategic monetizations. Since its inception, WhiteHawk has completed eight large acquisitions, making it the most active acquirer of natural gas mineral and royalty properties in the United States(15). More importantly, these acquisitions have been highly accretive to shareholders and have resulted in approximately 38%(16) cash-on-cash return to our initial investors through 49 months of consecutive cash dividend payments, plus an additional 41% increase in shareholder value through three share dividends through March 31, 2026. We continue to execute a focused consolidation strategy in a fragmented market, targeting accretive acquisitions to expand scale, enhance returns and extend development visibility. Our ability to consistently source, evaluate and close accretive transactions ahead of broader market consolidation underscores WhiteHawk’s leadership as a focused, data-driven consolidator with a proven track record of value creation. Our principal executive offices are located in Philadelphia, PA.
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Wall Street expects a year-over-year decline in earnings on lower revenues when CNX Resources Corporation. (CNX - Free Report) reports results for the quarter ended June 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.
The earnings report, which is expected to be released on July 30, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.
Zacks Consensus EstimateThis company is expected to post quarterly earnings of $0.57 per share in its upcoming report, which represents a year-over-year change of -3.4%.
Revenues are expected to be $407.14 million, down 9.5% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 13.08% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for CNX Resources?For CNX Resources, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -1.75%.
On the other hand, the stock currently carries a Zacks Rank of #3.
So, this combination makes it difficult to conclusively predict that CNX Resources will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that CNX Resources would post earnings of $0.93 per share when it actually produced earnings of $1.21, delivering a surprise of +30.11%.
Over the last four quarters, the company has beaten consensus EPS estimates four times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
CNX Resources doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
An Industry Player's Expected ResultsAnother stock from the Zacks Oil and Gas - Exploration and Production - United States industry, Antero Resources (AR - Free Report) , is soon expected to post earnings of $0.77 per share for the quarter ended June 2026. This estimate indicates a year-over-year change of +120%. Revenues for the quarter are expected to be $1.5 billion, up 15.9% from the year-ago quarter.
The consensus EPS estimate for Antero Resources has been revised 12.5% lower over the last 30 days to the current level. However, an equal Most Accurate Estimate has resulted in an Earnings ESP of 0.00%.
This Earnings ESP, combined with its Zacks Rank #3 (Hold), makes it difficult to conclusively predict that Antero Resources will beat the consensus EPS estimate. The company could not beat consensus EPS estimates in any of the last four quarters.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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Each stock is assigned a rating of A, B, C, D, or F based on their value, growth, and momentum characteristics. Just like in school, an A is better than a B, a B is better than a C, and so on -- that means the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
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Momentum ScoreMomentum traders and investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.
VGM ScoreWhat if you like to use all three types of investing? The VGM Score is a combination of all Style Scores, making it one of the most comprehensive indicators to use with the Zacks Rank. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +23.94% average annual return since 1988, more than double the S&P 500's performance. But the model rates a large number of stocks, and there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
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You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you like a stock that only has a #3 (Hold) rank, it should also have Scores of A or B to guarantee as much upside potential as possible.
The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.
A stock with a #4 (Sell) or #5 (Strong Sell) rating, for instance, even one with Scores of A and B, will still have a declining earnings forecast, and a greater chance its share price will fall too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: CNX Resources Corporation. (CNX - Free Report) Founded in 1860, CNX Resources Corporation is an independent oil and gas exploration and production company formed after the separation of CONSOL’s Exploration and Production (E&P) and Pennsylvania Mining Operations into two independent companies. The natural gas-focused company retained the old ticker symbol, while the coal-focused company retained the old company's name.
CNX is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.
Momentum investors should take note of this Oils-Energy stock. CNX has a Momentum Style Score of A, and shares are up 1.9% over the past four weeks.
For fiscal 2026, two analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.03 to $2.87 per share. CNX boasts an average earnings surprise of +46%.
With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, CNX should be on investors' short list.
, /PRNewswire/ -- CNX Resources Corp. (NYSE: CNX) will announce its financial results for Q2 2026 at 6:45 a.m. Eastern Time on Thursday, July 30. At that time, CNX will issue a brief press release containing links to its prepared remarks for the quarter, presentation materials, and supplemental information providing a Q2 2026 update. These materials will be available on CNX's Investor Relations website.
This release will be followed by a Q&A conference call and webcast.
Q&A Conference Call Information
CNX Resources (NYSE: CNX)
10:00 a.m. ET: Thursday, July 30 Dial-In: 855-656-0928 (domestic) 412-902-4112 (international) Reference "CNX Resources Call" Webcast: investors.cnx.com A replay of the Q&A conference call and webcast will be maintained on the Investor Relations page on CNX's website.
About CNX Resources
CNX Resources Corporation (NYSE: CNX) is unique. We are a premier, ultra-low carbon intensive natural gas development, production, midstream, and technology company centered in Appalachia, one of the most energy abundant regions in the world. With the benefit of a 162-year regional legacy, substantial asset base, leading core operational competencies, technology development and innovation, and astute capital allocation methodologies, we responsibly develop our resources and deploy free cash flow to create long-term per share value for our shareholders, employees, and the communities where we operate. As of December 31, 2025, CNX had 9.7 trillion cubic feet equivalent of proved natural gas reserves. The company is a member of the Standard & Poor's Midcap 400 Index. Additional information is available at www.cnx.com.
Investors in CNX Resources Corporation (CNX - Free Report) need to pay close attention to the stock based on moves in the options market lately. That is because the July 17, 2026 $31.00 Call had some of the highest implied volatility of all equity options today.
What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.
What do the Analysts Think?Clearly, options traders are pricing in a big move for CNX Resources shares, but what is the fundamental picture for the company? Currently, CNX Resources is a Zacks Rank #3 (Hold) in the Oil and Gas - Exploration and Production - United States industry that ranks in the Bottom 36% of our Zacks Industry Rank. Over the last 60 days, no analysts have increased their earnings estimates for the current quarter, while three analysts have revised their estimates downward. The net effect has taken our Zacks Consensus Estimate for the current quarter from 52 cents per share to 49 cents in that period.
Given the way analysts feel about CNX Resources right now, this huge implied volatility could mean there’s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.
CNX Resources Corporation. (NYSE: CNX - Get Free Report) Director Maureen Lally-Green sold 23,631 shares of CNX Resources stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of $39.52, for a total value of $933,897.12. Following the transaction, the director directly owned 169,577 shares of the company's stock, valued
Investors looking for stocks in the Oil and Gas - Exploration and Production - United States sector might want to consider either CNX Resources Corporation. (CNX) or Coterra Energy (CTRA).
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.
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Zacks Premium includes access to the Zacks Style Scores as well.
What are the Zacks Style Scores? Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days.
Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on.
The Style Scores are broken down into four categories:
Value ScoreFor value investors, it's all about finding good stocks at good prices, and discovering which companies are trading under their true value before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks.
Growth ScoreGrowth investors, on the other hand, are more concerned with a company's financial strength and health, and its future outlook. The Growth Style Score examines things like projected and historic earnings, sales, and cash flow to find stocks that will experience sustainable growth over time.
Momentum ScoreMomentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
VGM ScoreIf you like to use all three kinds of investing, then the VGM Score is for you. It's a combination of all Style Scores, and is an important indicator to use with the Zacks Rank. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
#1 (Strong Buy) stocks have produced an unmatched +23.93% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day.
With more than 800 top-rated stocks to choose from, it can certainly feel overwhelming to pick the ones that are right for you and your investing journey.
That's where the Style Scores come in.
You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you like a stock that only has a #3 (Hold) rank, it should also have Scores of A or B to guarantee as much upside potential as possible.
As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.
Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: CNX Resources Corporation. (CNX - Free Report) Founded in 1860, CNX Resources Corporation is an independent oil and gas exploration and production company formed after the separation of CONSOL’s Exploration and Production (E&P) and Pennsylvania Mining Operations into two independent companies. The natural gas-focused company retained the old ticker symbol, while the coal-focused company retained the old company's name.
CNX is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.
It also boasts a Value Style Score of B thanks to attractive valuation metrics like a forward P/E ratio of 14.42; value investors should take notice.
Four analysts revised their earnings estimate higher in the last 60 days for fiscal 2026, while the Zacks Consensus Estimate has increased $0.30 to $2.67 per share. CNX also boasts an average earnings surprise of +43.9%.
With a solid Zacks Rank and top-tier Value and VGM Style Scores, CNX should be on investors' short list.
, /PRNewswire/ -- CNX Resources Corp. (NYSE: CNX) will announce its financial results for Q1 2026 at 6:45 a.m. Eastern Time on Thursday, April 30. At that time, CNX will issue a brief press release containing links to its prepared remarks for the quarter, presentation materials, and supplemental information providing a Q1 2026 update. These materials will be available on CNX's Investor Relations website.
This release will be followed by a Q&A conference call and webcast.
Q&A Conference Call Information
CNX Resources (NYSE: CNX)
10:00 a.m. ET: Thursday, April 30 Dial-In: 855-656-0928 (domestic) 412-902-4112 (international) Reference "CNX Resources Call" Webcast: investors.cnx.com A replay of the Q&A conference call and webcast will be maintained on the Investor Relations page on CNX's website.
About CNX Resources
CNX Resources Corporation (NYSE: CNX) is unique. We are a premier, ultra-low carbon intensive natural gas development, production, midstream, and technology company centered in Appalachia, one of the most energy abundant regions in the world. With the benefit of a 162-year regional legacy, substantial asset base, leading core operational competencies, technology development and innovation, and astute capital allocation methodologies, we responsibly develop our resources and deploy free cash flow to create long-term per share value for our shareholders, employees, and the communities where we operate. As of December 31, 2025, CNX had 9.7 trillion cubic feet equivalent of proved natural gas reserves. The company is a member of the Standard & Poor's Midcap 400 Index. Additional information is available at www.cnx.com.
PITTSBURGH, April 23, 2026 /PRNewswire/ -- CNX Resources Corporation (NYSE: CNX) today highlighted its 2025 sustainability accomplishments, marking the first full year since the company shifted from a static annual Corporate Sustainability Report to quarterly ESG Performance Scorecard updates and continuously updated website disclosures. The 2025 results reflect CNX's commitment to treating ESG metrics with the rigor and frequency of financial data while advancing CNX's Appalachia First strategy through Tangible, Impactful, and Local action.
CNX Resources (CNX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
CNX Resources is positioned for a strong Q1 earnings beat, supported by commodity price tailwinds and robust hedging. CNX forecasts $550 million in 2026 free cash flow, yielding nearly 10% at current prices—its best post-COVID performance. Valuation remains attractive at 6x EV/EBITDA; I target $51 per share and anticipate a re-rating to 8x EV/EBITDA if Q1 is strong.
MINNEAPOLIS--(BUSINESS WIRE)--Izzi Software, a leading provider of innovative enterprise software solutions, is rolling out the newest version of the flagship enterprise application development software from CNX. Known as the low-code development platform built for IBM i, Valence is trusted by organizations worldwide to tackle their most critical business and technical challenges, with innovative features released continuously over its lifespan. The new Valence 6.4 introduces AI-powered develop.
Diamondback Energy (FANG - Free Report) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 2026. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.
The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on May 4. On the other hand, if they miss, the stock may move lower.
While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.
Zacks Consensus EstimateThis energy exploration and production company is expected to post quarterly earnings of $3.27 per share in its upcoming report, which represents a year-over-year change of -28%.
Revenues are expected to be $3.74 billion, down 7.7% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 37.61% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Diamondback?For Diamondback, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +0.64%.
On the other hand, the stock currently carries a Zacks Rank of #2.
So, this combination indicates that Diamondback will most likely beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Diamondback would post earnings of $1.88 per share when it actually produced earnings of $1.74, delivering a surprise of -7.45%.
Over the last four quarters, the company has beaten consensus EPS estimates three times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Diamondback appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Expected Results of an Industry PlayerAnother stock from the Zacks Oil and Gas - Exploration and Production - United States industry, CNX Resources Corporation. (CNX - Free Report) , is soon expected to post earnings of $0.89 per share for the quarter ended March 2026. This estimate indicates a year-over-year change of +14.1%. Revenues for the quarter are expected to be $550.46 million, up 24.8% from the year-ago quarter.
The consensus EPS estimate for CNX Resources has been revised 3.6% higher over the last 30 days to the current level. However, a lower Most Accurate Estimate has resulted in an Earnings ESP of -3.93%.
This Earnings ESP, combined with its Zacks Rank #3 (Hold), makes it difficult to conclusively predict that CNX Resources will beat the consensus EPS estimate. The company beat consensus EPS estimates in each of the trailing four quarters.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.
Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.
It also includes access to the Zacks Style Scores.
What are the Zacks Style Scores? The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days.
Each stock is assigned a rating of A, B, C, D, or F based on their value, growth, and momentum characteristics. Just like in school, an A is better than a B, a B is better than a C, and so on -- that means the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value ScoreValue investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.
Growth ScoreGrowth investors, on the other hand, are more concerned with a company's financial strength and health, and its future outlook. The Growth Style Score examines things like projected and historic earnings, sales, and cash flow to find stocks that will experience sustainable growth over time.
Momentum ScoreMomentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.
VGM ScoreWhat if you like to use all three types of investing? The VGM Score is a combination of all Style Scores, making it one of the most comprehensive indicators to use with the Zacks Rank. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +23.93% average annual return since 1988, more than double the S&P 500's performance. But the model rates a large number of stocks, and there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
But it can feel overwhelming to pick the right stocks for you and your investing goals with over 800 top-rated stocks to choose from.
That's where the Style Scores come in.
To maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure as much upside potential as possible.
The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.
Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: CNX Resources Corporation. (CNX - Free Report) Founded in 1860, CNX Resources Corporation is an independent oil and gas exploration and production company formed after the separation of CONSOL’s Exploration and Production (E&P) and Pennsylvania Mining Operations into two independent companies. The natural gas-focused company retained the old ticker symbol, while the coal-focused company retained the old company's name.
CNX is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.
Momentum investors should take note of this Oils-Energy stock. CNX has a Momentum Style Score of A, and shares are up 1.6% over the past four weeks.
Four analysts revised their earnings estimate higher in the last 60 days for fiscal 2026, while the Zacks Consensus Estimate has increased $0.50 to $2.94 per share. CNX also boasts an average earnings surprise of +43.9%.
With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, CNX should be on investors' short list.
PITTSBURGH, April 30, 2026 /PRNewswire/ -- CNX Resources Corporation (NYSE: CNX) ("CNX" or "the company") today released financial and operational results for the first quarter of 2026 by posting those results on its website as detailed below. The company's first quarter prepared remarks can be accessed by clicking here.
CNX Resources Corporation. (CNX - Free Report) came out with quarterly earnings of $1.21 per share, beating the Zacks Consensus Estimate of $0.93 per share. This compares to earnings of $0.78 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +30.11%. A quarter ago, it was expected that this company would post earnings of $0.4 per share when it actually produced earnings of $0.68, delivering a surprise of +70%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
CNX Resources, which belongs to the Zacks Oil and Gas - Exploration and Production - United States industry, posted revenues of $722.04 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 38.38%. This compares to year-ago revenues of $441 million. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
CNX Resources shares have added about 6.9% since the beginning of the year versus the S&P 500's gain of 4.2%.
What's Next for CNX Resources?While CNX Resources has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for CNX Resources was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.53 on $441.15 million in revenues for the coming quarter and $2.94 on $1.88 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Oil and Gas - Exploration and Production - United States is currently in the top 5% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Talos Energy (TALO - Free Report) , has yet to report results for the quarter ended March 2026. The results are expected to be released on May 5.
This independent oil and gas company is expected to post quarterly loss of $0.09 per share in its upcoming report, which represents a year-over-year change of -250%. The consensus EPS estimate for the quarter has been revised 155.1% higher over the last 30 days to the current level.
Talos Energy's revenues are expected to be $433.71 million, down 15.5% from the year-ago quarter.
CNX Resources Corporation. (CNX - Free Report) reported $722.04 million in revenue for the quarter ended March 2026, representing a year-over-year increase of 63.7%. EPS of $1.21 for the same period compares to $0.78 a year ago.
The reported revenue represents a surprise of +38.38% over the Zacks Consensus Estimate of $521.78 million. With the consensus EPS estimate being $0.93, the EPS surprise was +30.11%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how CNX Resources performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Average Daily Production: 1,693.00 Mcfe/D versus 1,685.37 Mcfe/D estimated by three analysts on average.Oil/Condensate - Gross Price: $58.08 compared to the $63.45 average estimate based on three analysts.NGL - Sales Volume: 2,180.00 MBBL compared to the 1,914.39 MBBL average estimate based on three analysts.Oil/Condensate - Sales Volume: 58.00 MBBL compared to the 46.93 MBBL average estimate based on three analysts.NGL - Gross Price: $27.54 versus $23.17 estimated by three analysts on average.Realized Natural Gas Price per Mcf: $3.15 versus the three-analyst average estimate of $3.21.Production Volumes - Total: 152.40 Bcfe versus 151.68 Bcfe estimated by three analysts on average.Natural Gas - Sales Volume: 138.94 MMcf versus the two-analyst average estimate of 140.30 MMcf.Average Sales Price - Natural Gas: $4.74 versus $5.05 estimated by two analysts on average.View all Key Company Metrics for CNX Resources here>>>
Shares of CNX Resources have returned -6.7% over the past month versus the Zacks S&P 500 composite's +8.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
