Filing Flows › CNX Resources (CNX) › Q1 2026
CNX Resources (CNX) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 30, 2026
CNX Resources (CNX) reported revenue of $787M for the first quarter 2026 (Q1 2026), +855% from a year earlier and +29% from the quarter before. Operating margin was 54.5%, net earnings $348M (44.3% of revenue).
CNX Resources, Q1 2026: revenue $787M (+855% year over year), operating margin 54.5%, net earnings $348M, operating cash flow $278M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $787M | +29% | +855% |
| Operating profit | $428M | +91% | — |
| Net earnings | $348M | +77% | — |
| Operating cash flow | $278M | -7% | +29% |
| Free cash flow | $139M | — | — |
What changed
Revenue was $786.7M in Q1 2026, up 855% year over year and up 29% from the previous quarter. Total Natural Gas, NGL and Oil Revenue was the largest line at 92% of revenue. Total Natural Gas, NGL and Oil Revenue added $170.9M year over year (up 31%), 24% of the total change.
Operating profit was $428.4M, a 54.5% margin (up 385.6 points year over year). Total costs grew 1% against revenue growth of 855%. Net earnings were $348.1M. The effective tax rate was 18.7%.
Operating cash flow was $277.5M (up 29% year over year), 80% of net earnings. Non-cash charges added back $134.6M of depreciation and amortization and $5.7M of share-based compensation. Working capital and other items used $210.9M. After capital Expenditures, net ($138.0M) and investments in Equity Affiliates ($1.0M), free cash flow as the company reports it was $138.5M.
Questions
What was CNX Resources' revenue in the first quarter 2026?
CNX Resources (CNX) reported revenue of $787M for the first quarter 2026 (Q1 2026), +855% from a year earlier and +29% from the quarter before.
Was CNX Resources profitable in the first quarter 2026?
Operating profit was $428M (54.5% of revenue) and net earnings $348M.
Source: CNX Resources 10-Q on SEC EDGAR.