Cnx Resources Corp

Energy
Oil & Gas Production
www.cnx.com

Earnings Score
Safety Score

Market Cap $5.50B
PE 10
Debt $2.61B
Cash $1.31M
EV $8.11B
FCF $165.53M

Earnings

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Sales & Net Margins

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Earnings	$568.12M
ROE	13%
FCF	$165.53M
Equity	$4.26B
Growth Stability	-645%
PE	9.67
PEG	-2.08
PB	1.29
P/FCF	33.2
P/S	2.62
Price/Cash	0
Debt/Equity	0.61
Debt/FCF	15.78
Net Margins	5%
Earnings CAGR	2%
Sales Growth YoY	21%
Sales Growth QoQ	32%
Sales CAGR	-1%
FCF CAGR	5%
Equity CAGR	-3%
Earnings Stability	0.04
Earnings Growth YoY	207%
Earnings Growth QoQ	-459%

Earnings CAGR 5Y	-5%
Sales CAGR 5Y	20%
FCF CAGR 5Y	-17%
Equity CAGR 5Y	-3%
Earnings CAGR 3Y	53%
Sales CAGR 3Y	53%
FCF CAGR 3Y	-49%
Equity CAGR 3Y	23%
Market Cap	$5.50B
Revenue	$2.10B
Assets	$8.54B
Total Debt	$2.61B
Cash	$1.31M
Shares Outstanding	149.26M
EV	8.11B
Earnings Score	6%
Safety Score	43%
Working Capital	-559.8M
Current Ratio	0.37
Shares Growth 3y	-11%
Equity Growth QoQ	0%
Equity Growth YoY	8%

Assets & ROA

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Stockholders Equity & ROE

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CNX Resources Corp is an independent oil and natural gas company. It primarily focuses on the exploration, development, production, gathering, processing, and acquisition of natural gas properties in the Appalachian Basin. The company's operating segment include Shale and Coalbed Methane. It generates maximum revenue from the Shale segment. In addition, it offers gas gathering and water delivery solutions to third-parties.

SEC Filings

Direct access to Cnx Resources Corp (CNX) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Cnx Resources Corp compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Cnx Resources Corp compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 2%

Stability 4%

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Cnx Resources Corp Discounted Cash Flow

Fully customizable DCF calculator online for Cnx Resources Corp.

Years

Calculation mode

= $2.4B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$166M	$174M	$184M	$194M	$204M	$215M	$227M	$239M	$252M	$266M	$280M	$2.8B
DCF		$159M	$152M	$146M	$140M	$134M	$128M	$123M	$118M	$113M	$108M	$1.1B
Value	$2.4B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	4%	-12%	-42%	26%	46%	-4%	-38%	-66%	-11%	50%	5%
ROA	-	-	-	-	-	-	-	-	-	-	-
ROE	-	-8%	-22%	10%	16%	-2%	-11%	-13%	-5%	39%	13%

Bad Net Margins (4.79%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	-7.16	11.44	139.79	-10.4	-13.08	8.38	5.04	3.34	18.96	15.78
Debt over Equity	0.62	0.76	0.7	0.57	0.47	0.56	0.58	0.63	0.76	0.59	0.61
Growth Stability	-	-	-	-	-	-74%	-132%	-645%	-	-	-645%

Bad Debt/FCF ratio (15.78)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Good Debt/Equity ratio (0.61)

The company is not overleveraged and has a good balance between equity and debt.

Bad Graham’s Stability (-645%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	-16%	-35%	-28%	19%	11%	-35%	-40%	67%	172%	20%
Earnings YoY growth	-	-330%	126%	-145%	109%	-110%	499%	3%	-72%	-1K%	-5%
Equity YoY growth	-	-9%	-19%	-1%	30%	-2%	-11%	-16%	-20%	48%	-3%
FCF YoY growth	-	-1%	-147%	-93%	-2K%	-8%	-245%	50%	45%	-80%	-17%