Filing Flows › CNX Resources (CNX) › Q2 2025
CNX Resources (CNX) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 24, 2025
CNX Resources (CNX) reported revenue of $962M for the second quarter 2025 (Q2 2025), +199% from a year earlier and up 12-fold from the quarter before. Operating margin was 60.9%, net earnings $433M (44.9% of revenue).
CNX Resources, Q2 2025: revenue $962M (+199% year over year), operating margin 60.9%, net earnings $433M, operating cash flow $282M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $962M | 12× | +199% |
| Operating profit | $586M | — | — |
| Net earnings | $433M | — | — |
| Operating cash flow | $282M | +31% | +47% |
| Free cash flow | $187M | — | — |
What changed
Revenue was $962.4M in Q2 2025, up 199% year over year and up 1068% from the previous quarter.
Operating profit was $585.6M, a 60.9% margin (up 65.6 points year over year). Total costs grew 12% against revenue growth of 199%. Net earnings were $432.5M. The effective tax rate was 26.1%.
Operating cash flow was $282.5M (up 47% year over year), 65% of net earnings. Non-cash charges added back $152.6M of depreciation and amortization and $5.1M of share-based compensation. Working capital and other items used $307.7M. After capital Expenditures, net ($93.0M) and investments in Equity Affiliates ($2.0M), free cash flow as the company reports it was $187.5M.
Questions
What was CNX Resources' revenue in the second quarter 2025?
CNX Resources (CNX) reported revenue of $962M for the second quarter 2025 (Q2 2025), +199% from a year earlier and up 12-fold from the quarter before.
Was CNX Resources profitable in the second quarter 2025?
Operating profit was $586M (60.9% of revenue) and net earnings $433M.
Source: CNX Resources 10-Q on SEC EDGAR.