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CNX Resources (CNX) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Oct 29, 2026 · CNX Resources (CNX) Q3 2026 earnings results →
Q3 2026 Revenue down 1% year over year to $580M · 28¢ of every $1 of revenue kept as net profit · operating margin 37.8%
CNX Resources made $580M in Q3 2026 (-0.7% Y/Y). Operating margin 37.8%, net earnings $165M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 29, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $580.0M in Q3 2026, down 1% year over year and down 6% from the previous quarter.
Operating profit was $219.2M, a 37.8% margin (down 7.7 points year over year). Total costs grew 13% against a revenue fall of 1%. Net earnings were $165.2M, down 18% year over year. The effective tax rate was 24.6%.
Operating cash flow was $253.5M (up 8% year over year), 153% of net earnings. Non-cash charges added back $134.6M of depreciation and amortization and $7.3M of share-based compensation. Working capital and other items used $53.6M. After capital Expenditures, net ($123.0M) and investments in Equity Affiliates ($5.0M), free cash flow as the company reports it was $125.5M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Oct 29, 2026 | $580M | -0.7% | 37.8% | $165M | $254M |
| Q2 2026 | 10-Q | Jul 30, 2026 | $618M | -36% | 38.3% | $203M | $280M |
| Q1 2026 | 10-Q | Apr 30, 2026 | $787M | +855% | 54.5% | $348M | $278M |
| Q4 2025 | 10-K | Feb 10, 2026 | $610M | +347% | 36.8% | $196M | $297M |
| Q3 2025 | 10-Q | Oct 30, 2025 | $584M | +38% | 45.5% | $202M | $234M |
| Q2 2025 | 10-Q | Jul 24, 2025 | $962M | +199% | 60.9% | $433M | $282M |
| Q1 2025 | 10-Q | Apr 24, 2025 | $82.4M | -79% | -331.1% | −$198M | $216M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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Customers and suppliers named in filings
Sells to
- Citadel Energy Marketing LLC — 10% of its revenue · Stated in 10-K (XBRL) · source
- Direct Energy Business Marketing LLC · Stated in 10-K (XBRL) · source
About CNX Resources
CNX Resources Corporation (“CNX,” the “Company,” or “we,” “us,” or “our”) is a premier independent ultra-low carbon intensity natural gas development, production, midstream and technology company centered in the Appalachian Basin. The majority of our operations are centered on unconventional shale formations, primarily the Marcellus Shale and Utica Shale, in Pennsylvania, Ohio and West Virginia. Additionally, we operate and develop Coalbed Methane (CBM) properties in Virginia. We believe that our extensive held-by-production acreage position and development inventory, combined with our regional operating expertise, extensive data set from development and non-operational participation wells, midstream infrastructure ownership, low-cost operations and legacy surface acreage position provide us with significant competitive advantages that position us for long-term value creation.
In its own words, from its 10-K, filed Feb 10, 2026.
CNX Resources against its Crude Petroleum & Natural Gas peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -0.7% against the peers' median +46%. Operating margin: 37.8% against the peers' median 33.7%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| CNX CNX Resources | Q3 2026 | $580M | -0.7% | 37.8% |
| EOG EOG Resources | Q3 2026 | $8.5B | +46% | 41.9% |
| OXY Occidental Petroleum | Q2 2026 | $8.1B | +53% | 48.5% |
| DVN Devon Energy | Q3 2026 | $6.9B | +58% | 18.3% |
| FANG Diamondback Energy | Q3 2026 | $5.4B | +38% | 46.0% |
| EXE Expand Energy | Q3 2026 | $3.3B | +11% | 19.5% |
| PARR PAR Pacific Holdings | Q3 2026 | $3.1B | +52% | 15.5% |
| OVV Ovintiv | Q3 2026 | $2.6B | +26% | 33.7% |
| SM SM Energy | Q3 2026 | $2.2B | +167% | 10.9% |
Source: CNX Resources 10-Q on SEC EDGAR · CIK 1070412 · Crude Petroleum & Natural Gas
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History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results