Filing Flows › CNX Resources (CNX) › Q4 2025
CNX Resources (CNX) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 10, 2026
CNX Resources (CNX) reported revenue of $610M for the fourth quarter 2025 (Q4 2025), +347% from a year earlier and +5% from the quarter before. Operating margin was 36.8%, net earnings $196M (32.1% of revenue).
CNX Resources, Q4 2025: revenue $610M (+347% year over year), operating margin 36.8%, net earnings $196M, operating cash flow $297M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $610M | +5% | +347% |
| Operating profit | $224M | -16% | — |
| Net earnings | $196M | -3% | — |
| Operating cash flow | $297M | +27% | +11% |
| Free cash flow | $123M | -22% | -25% |
What changed
Revenue was $610.5M in Q4 2025, up 347% year over year and up 5% from the previous quarter.
Operating profit was $224.4M, a 36.8% margin (up 178.8 points year over year). Total costs grew 17% against revenue growth of 347%. Net earnings were $196.3M. The effective tax rate was 12.5%.
Operating cash flow was $297.0M (up 11% year over year), 151% of net earnings. Non-cash charges added back $145.1M of depreciation and amortization and $4.6M of share-based compensation. Working capital and other items used $49.0M. Capital expenditures of $174.4M left free cash flow of $122.6M.
Questions
What was CNX Resources' revenue in the fourth quarter 2025?
CNX Resources (CNX) reported revenue of $610M for the fourth quarter 2025 (Q4 2025), +347% from a year earlier and +5% from the quarter before.
Was CNX Resources profitable in the fourth quarter 2025?
Operating profit was $224M (36.8% of revenue) and net earnings $196M.
Source: CNX Resources 10-K on SEC EDGAR.