CNX Resources CorporationCNX reported first-quarter 2026 operating earnings of $1.21 per share, which beat the Zacks Consensus Estimate of 93 cents by 30.11%. The bottom line increased 55.13% in the year-ago quarter.

CNX’s Revenues

The company reported revenues of $722 million, which topped the Zacks Consensus Estimate of $522 million by 38.31%. The top line rose 63.72% from the prior-year quarter’s $441 million.

CNX Resources Corporation. Price, Consensus and EPS Surprise

CNX Resources Corporation. price-consensus-eps-surprise-chart | CNX Resources Corporation. Quote

Highlights of CNX’s Q1 Release

The average selling price in the quarter was $ 3.28 per thousand cubic feet equivalent (Mcfe), up 6.70% from the year-ago figure of $2.99. The total production cost was $1.72 per Mcfe, up 2.38% year over year.

Total production volumes were 152.4 billion cubic feet equivalent (Bcfe), up 3.11% year over year.

Interest expenses totaled $40.5 million, down 2.74% year over year figure of $41.6 million.

During the first quarter, CNX Resources repurchased 1.4 million shares at an average price of $37.32 per share for a total cost of $54 million. Over the past 22 quarters, CNX has incurred a total cost of $1.9 billion to repurchase nearly 99.5 million shares at an average price of $19.53 per share.

CNX’s Financial Update

As of March 31, 2026, CNX Resources had cash and cash equivalents of $3.75 million compared with $0.8 million as of Dec. 31, 2025.

Long-term debt as of March 31, 2026, was $2.16 billion compared with $2.21 billion as of Dec. 31, 2025.

Cash from operating activities for the first quarter of 2026 totaled $277.5 million compared with $215.7 million in the year-ago period. Free cash flow amounted to $132 million.

Capital expenditure for first-quarter 2026 totaled $169.9 million compared with $131.5 million in the year-ago period.

CNX’s Guidance

CNX Resources now expects total capital expenditure between $540 million and $570 million in 2026.

The company now expects 2026 production volume in the band of 605-620 Bcfe.

Total free cash flow is now expected to be $525 million.

CNX now expects 2026 adjusted EBITDAX in the range of $1.27-$1.32 billion

CNX’s Zacks Rank

The company currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Upcoming Releases

California Resources CorporationCRC is scheduled to report first-quarter 2026 results on May 5. The Zacks Consensus Estimate for CRC’s first-quarter EPS is pegged at 83 cents, implying an decrease of 22.43% from the prior-year figure.

The Zacks Consensus Estimate for first-quarter sales is pinned at $902.27 million, which suggests a year-over-year fall of 1.07%. 

Comstock ResourcesCRK is scheduled to report first-quarter 2026 results on May 5. The Zacks Consensus Estimate for CRK's reported quarter EPS is pegged at 23 cents, which implies a year-over-year fall of 27.78%.

The Zacks Consensus Estimate for first-quarter sales is pinned at $505.22 million, which suggests a year-over-year decline of 1.49%.

Gulfport EnergyGPOR is scheduled to report first-quarter results on May 5. The Zacks Consensus Estimate for GPOR’s first-quarter EPS is pegged at $8.04, which indicates a year-over-year increase of 44.09%.

The Zacks Consensus Estimate for first-quarter sales is pegged at $400 million, which implies a year-over-year rise of 103.01%.