AI-extracted from the 10-Q filed 2026-07-30 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
CNX's Q2 FY2026 net income fell 53% YoY to $203M as total revenue dropped to $618.5M from $962.4M, driven mainly by a far smaller unrealized gain on commodity derivatives ($131M vs $456M).
Biggest Revenue Drivers
Shale$418.2M-4% YoY
Decrease primarily due to a 15.4% decline in average natural gas sales price and a 10.4% decline in sales volumes, offset in part by a gain on commodity derivatives.
Other$168.6M-66% YoY
Decline driven by a much smaller unrealized gain on commodity derivative instruments ($131M vs $456M in the prior-year quarter).
Biggest Revenue Drivers
Total revenue: $618.5M-36% YoY
Shale$418.2M-4% YoY
Decrease primarily due to a 15.4% decline in average natural gas sales price and a 10.4% decline in sales volumes, offset in part by a gain on commodity derivatives.
Other$168.6M-66% YoY
Decline driven by a much smaller unrealized gain on commodity derivative instruments ($131M vs $456M in the prior-year quarter).
Coalbed Methane$31.7M+2% YoY
3.2% increase in sales volumes due to timing of new wells turned-in-line, offset by a 17.2% decrease in average natural gas sales price.
Largest Expense Items
Depreciation, Depletion and Amortization$136.2M-11% YoY
Decreased on a per-unit basis due to a slightly lower annual depletion rate, partly offset by lower total sales volumes.
Transportation, Gathering and Compression$103.2M+6% YoY
Increase driven by higher repairs and maintenance and processing costs due to production mix, and lower sales volumes raising per-unit costs.
Selling, General and Administrative$33.8M+16% YoY
Increase primarily due to higher salaries, wages and employee benefits from higher compensation costs.
Lease Operating Expense$21.3M-19% YoY
Decrease primarily due to lower water disposal costs as more water was reused in well completion activities.
Margins: Natural Gas, NGLs and Oil Production Margin (non-GAAP) rose to $173M ($1.14/Mcfe) from $169M ($1.01/Mcfe) a year earlier, as lower per-unit production costs offset a decline in sales volumes and natural gas prices.
Watch Items from the Filing
Net income fell to $203M from $433M YoY primarily due to a smaller unrealized gain on commodity derivatives ($131M vs $456M), a non-cash, price-driven swing rather than an operating decline.
Sales to NRG Business Marketing LLC of $57.5M comprised over 10% of revenue from contracts with external customers in the quarter, versus three customers each exceeding 10% a year earlier.
Board increased the share repurchase authorization by $2.0B to $4.9B total; $2.17B remained available for repurchases as of June 30, 2026.
CNX repurchased $500M of 6.00% notes due 2029 (recording a $12M extinguishment loss) and issued $500M of 5.875% notes due 2034, refinancing near-term debt maturities.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Bedard Timothy ScottEVP and General CounselShares withheld for tax or exercise price · Jan 30, 2026
About CNX Resources Corp (CNX): stock profile, AI score and financials
CNX Resources Corp (CNX) stock profile, AI quality score, and SEC EDGAR financial data, a Energy sector company. 13F Pro's AI-powered ranking engine scores CNX at 66.5/100 on a composite quality score built from its SEC filings, placing it at rank #405 of 2,925 stocks — the top 25% of the AI-ranked universe. CNX scores in the top quartile across profitability (95.7), balance sheet strength (86.2). Areas of concern include institutional flow (1.8) and earnings quality (16.6), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q2 2026), CNX Resources Corp reports quarterly revenue of $618.5M, net income of $202.9M, free cash flow of $137.5M. Top institutional holders of CNX by reported 13-F value include BlackRock, DIMENSIONAL FUND ADVISORS, STATE STREET, based on the most recent SEC filings. CNX trades on the NYSE exchange and files with the SEC under CIK 1070412. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate CNX daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for CNX Resources Corp directly from SEC EDGAR.