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Viper Energy vs CNX Resources: VNOM and CNX compared
Viper Energy is the larger company: $661M of revenue in its latest quarter (Q3 2026) against $580M for CNX Resources (Q3 2026). Viper Energy is growing faster (+58% against -0.7% a year earlier). Viper Energy is more profitable, with an operating margin of 60.4% against 37.8%.
Where the money goes: VNOM and CNX
Viper Energy (VNOM) · Q3 2026
Viper Energy, Q3 2026: revenue $661M (+58% year over year), operating margin 60.4%, net earnings $140M, operating cash flow $447M. The chart follows the revenue to costs, profit and cash.
CNX Resources (CNX) · Q3 2026
CNX Resources, Q3 2026: revenue $580M (-0.7% year over year), operating margin 37.8%, net earnings $165M, operating cash flow $254M. The chart follows the revenue to costs, profit and cash.
| Viper Energy (VNOM) | CNX Resources (CNX) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $661M | $580M |
| Revenue growth, Y/Y | +58% | -0.7% |
| Operating margin | 60.4% | 37.8% |
| Net earnings | $140M | $165M |
| Net margin | 21.2% | 28.5% |
| Operating cash flow | $447M | $254M |
| Free cash flow | — | $126M |
| Market value | $7.9B | $5.2B |
| P/E | 36.3× | 5.6× |
| Analysts’ mean target | $55.63 | $38.25 |
Where the revenue comes from
Viper Energy
- Oil income: $557M (84%)
- Natural gas liquids income: $80.0M (12%)
- Natural gas income: $19.0M (3%)
- Other revenues: $5.0M (1%)
Questions
Which is bigger, Viper Energy or CNX Resources?
Viper Energy is the larger company: $661M of revenue in its latest quarter (Q3 2026) against $580M for CNX Resources (Q3 2026).
Is Viper Energy or CNX Resources growing faster?
Viper Energy is growing faster (+58% against -0.7% a year earlier).
Which is more profitable, Viper Energy or CNX Resources?
Viper Energy is more profitable, with an operating margin of 60.4% against 37.8%.
More: Viper Energy earnings · how Viper Energy makes money · CNX Resources earnings · how CNX Resources makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 4, 2026; 10-Q filed Oct 29, 2026). Fiscal quarters can end on different dates. Not investment advice.