CNX Resources Corp

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.

CNX Resources reported significantly improved financial results for Q1 2026, with net income reaching $348.1 million and basic EPS of $2.45, a substantial turnaround from a net loss in Q1 2025. Total revenue and other operating income also saw a massive increase. However, the company updated its 2026 guidance, lowering projections for Adjusted EBITDAX and Free Cash Flow.