Quarterly ResultApr 30, 2026, 12:53 PM
CNX Q1 Net Income $348.1M; EPS $2.45; Revenue $786.7M
AI Summary
CNX Resources Corp reported a net income of $348.1 million, or $2.45 per basic share, for the first quarter of 2026, a significant turnaround from a net loss of $197.7 million, or $1.34 per basic share, in Q1 2025. Total revenue and other operating income surged to $786.7 million from $82.4 million year-over-year, primarily driven by a gain on commodity derivative instruments compared to a substantial loss in the prior year. The company also saw an increase in natural gas, NGLs, and oil revenue and generated higher net cash from operating activities.
Key Highlights
- Net Income: $348.1M in Q1 2026 vs. $(197.7)M in Q1 2025.
- Basic EPS: $2.45 in Q1 2026 vs. $(1.34) in Q1 2025.
- Total Revenue & Other Operating Income: $786.7M in Q1 2026 vs. $82.4M in Q1 2025.
- Natural Gas, NGLs & Oil Revenue: $722.0M in Q1 2026 vs. $551.1M in Q1 2025.
- Gain on Commodity Derivative Instruments: $4.0M in Q1 2026 vs. $(528.2)M loss in Q1 2025.
- Net Cash Provided by Operating Activities: $277.5M in Q1 2026, up from $215.7M.
- Long-Term Debt: Decreased to $2.16B at March 31, 2026 from $2.21B at Dec 31, 2025.
- Share Repurchases: $54.0M in Q1 2026 vs. $125.1M in Q1 2025.
Price Impact
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