Filing Flows › CNX Resources (CNX) › Q3 2025
CNX Resources (CNX) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 30, 2025
CNX Resources (CNX) reported revenue of $584M for the third quarter 2025 (Q3 2025), +38% from a year earlier and -39% from the quarter before. Operating margin was 45.5%, net earnings $202M (34.6% of revenue).
CNX Resources, Q3 2025: revenue $584M (+38% year over year), operating margin 45.5%, net earnings $202M, operating cash flow $234M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $584M | -39% | +38% |
| Operating profit | $266M | -55% | +222% |
| Net earnings | $202M | -53% | +208% |
| Operating cash flow | $234M | -17% | +37% |
| Free cash flow | $226M | — | — |
What changed
Revenue was $583.8M in Q3 2025, up 38% year over year and down 39% from the previous quarter.
Operating profit was $265.7M, a 45.5% margin (up 26.0 points year over year). Of the extra revenue versus a year earlier, 115% reached operating profit, above the 19% margin then. Total costs fell 7% while revenue rose 38%. Net earnings were $202.1M, up 208% year over year. The effective tax rate was 23.9%.
Operating cash flow was $233.8M (up 37% year over year), 116% of net earnings. Non-cash charges added back $149.3M of depreciation and amortization and $5.2M of share-based compensation. Working capital and other items used $122.8M. After capital Expenditures, net ($8.0M), free cash flow as the company reports it was $225.8M.
Questions
What was CNX Resources' revenue in the third quarter 2025?
CNX Resources (CNX) reported revenue of $584M for the third quarter 2025 (Q3 2025), +38% from a year earlier and -39% from the quarter before.
Was CNX Resources profitable in the third quarter 2025?
Operating profit was $266M (45.5% of revenue) and net earnings $202M.
Source: CNX Resources 10-Q on SEC EDGAR.