Financials CNX Resources Corporation

Equities

CNX

US12653C1080

Oil & Gas Exploration and Production

Market Closed - Nyse Other stock markets 21:00:02 17/06/2025 BST			5-day change	1st Jan Change
33.59 ^USD	+1.39%		+5.00%	-8.40%

06-12	CNX Resources CFO Alan Shepard to Also Assume President Role	MT
06-12	CNX Resources Corporation Announces Promotion of Alan Shepard to President	CI

Projected Income Statement: CNX Resources Corporation

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	1,258	756.8	1,261	3,466	1,267	1,483	2,056	2,254
Change	-	-39.84%	66.65%	174.8%	-63.45%	17.07%	38.62%	9.67%
EBITDA ¹	922	1,195	1,300	968	1,027	1,171	1,307	1,456
Change	-	29.61%	8.79%	-25.54%	6.1%	14.05%	11.62%	11.34%
EBIT ¹	406	643	868.2	601	481	553.8	746.5	958.5
Change	-	58.37%	35.03%	-30.78%	-19.97%	15.14%	34.8%	28.39%
Interest Paid ¹	-170.8	-151.2	-127.7	-143.3	-150.6	-177.7	-168.5	-162.2
Earnings before Tax (EBT) ¹	-602.8	-636.5	-211.9	2,254	-120.4	71.58	615.9	809
Change	-	-5.59%	66.7%	1,163.34%	-105.34%	159.47%	760.56%	31.35%
Net income ¹	-483.8	-498.6	-142.1	1,745	-90.49	-0.8164	489	658.4
Change	-	-3.07%	71.51%	1,327.89%	-105.19%	99.1%	60,005.12%	34.64%
Announcement Date	28/01/21	27/01/22	26/01/23	25/01/24	30/01/25	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1
Net sales ¹	148.8	66.08	626.7	473.1	-127.2	-880.3	1,291	-913.1	420.4	117.1	1,637	1,276	839.7	350.5	999.6	384.6	321.4	424.2	136.6	82.39	467.3	475.2	481.5	563	522.4	528.4	573.1	-
Change	-	-55.61%	848.47%	-24.51%	-126.89%	-591.97%	246.68%	-170.72%	146.04%	-72.16%	1,298.27%	-22.05%	-34.19%	-58.26%	185.18%	-61.53%	-16.41%	31.97%	-67.8%	-39.68%	467.23%	1.68%	1.33%	16.93%	-7.2%	1.13%	8.47%	-
EBITDA ¹	212.2	170	250	280	251	336	328	362	338	326	274	261	217	228	262	252	242	253	280	325	283.9	283.9	287.4	369.7	313.3	314.7	332.4	373.7
Change	-	-19.9%	47.06%	12%	-10.36%	33.86%	-2.38%	10.37%	-6.63%	-3.55%	-15.95%	-4.74%	-16.86%	5.07%	14.91%	-3.82%	-3.97%	4.55%	10.67%	16.07%	-12.65%	0%	1.26%	28.61%	-15.26%	0.46%	5.64%	12.4%
EBIT ¹	-113.7	55	100	141	123	200	180	234	212.4	202.7	233.1	193.2	208	108	143	91	120	126	144	187	134.8	133.7	145.8	227.3	182.2	186	206.3	274.2
Change	-	148.39%	81.82%	41%	-12.77%	62.6%	-10%	30%	-9.23%	-4.57%	15.02%	-17.13%	7.65%	-48.08%	32.41%	-36.36%	31.87%	5%	14.29%	29.86%	-27.91%	-0.84%	9.05%	55.91%	-19.84%	2.07%	10.94%	32.93%
Charge d'intérêts ¹	-46.26	-37.92	-37.63	-36.37	-39.58	-37.94	-37.26	-27.07	-31.05	-34.35	-35.22	-35.74	-34.82	-35.39	-37.33	-37.44	-38.63	-37.92	-36.6	-41.61	-46.08	-45.36	-44.97	-44.13	-44.13	-43.51	-43.1	-38.78
Earnings before Tax (EBT) ¹	-159.1	-250.1	264.2	135.4	-446.2	-1,232	906.7	-1,249	46.92	-266.7	1,256	928	636.7	19.24	669.8	6.319	-15.24	82.56	-194	-272.8	101.3	80.7	95.72	201.5	124.4	118.7	136.5	259.8
Change	-	-57.15%	205.64%	-48.75%	-429.51%	-176.22%	173.57%	-237.7%	103.76%	-668.4%	571.05%	-26.14%	-31.38%	-96.98%	3,380.94%	-99.06%	-341.22%	641.63%	-334.98%	-40.62%	137.15%	-20.36%	18.61%	110.53%	-38.27%	-4.6%	15.05%	90.33%
Net income ¹	-145.7	-204.7	195.8	98.02	-354.1	-872.9	630.3	-922.9	33.36	-427.1	1,175	710.4	475	21.38	537.8	6.851	-18.26	65.54	-144.6	-197.7	68.58	67.05	75.64	154.2	103.3	101.7	120	199.3
Change	-	-40.45%	195.63%	-49.93%	-461.19%	-146.55%	172.21%	-246.43%	103.61%	-1,380.31%	375.03%	-39.52%	-33.14%	-95.5%	2,415.43%	-98.73%	-366.55%	458.91%	-320.67%	-36.71%	134.69%	-2.24%	12.82%	103.83%	-33%	-1.51%	17.97%	66.07%
Announcement Date	30/07/20	29/10/20	28/01/21	29/04/21	29/07/21	28/10/21	27/01/22	28/04/22	28/07/22	27/10/22	26/01/23	27/04/23	27/07/23	25/10/23	25/01/24	25/04/24	25/07/24	24/10/24	30/01/25	24/04/25	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: CNX Resources Corporation

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	2,416	2,269	2,367	2,039	2,149	2,474	2,339	2,029
Change	-	-6.08%	4.32%	-13.86%	5.39%	15.13%	-5.46%	-13.25%
Announcement Date	28/01/21	27/01/22	26/01/23	25/01/24	30/01/25	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: CNX Resources Corporation

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	487.3	465.9	565.8	679.4	540.3	482.3	569.5	588
Change	-	-4.4%	21.44%	20.09%	-20.47%	-10.75%	18.1%	3.24%
Free Cash Flow (FCF) ¹	307.8	460.5	669.3	135.2	275.4	522.8	655.6	779.3
Change	-	49.62%	45.33%	-79.8%	103.76%	89.8%	25.4%	18.87%
Announcement Date	28/01/21	27/01/22	26/01/23	25/01/24	30/01/25	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: CNX Resources Corporation

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	73.29%	157.9%	103.08%	27.93%	81.07%	78.98%	63.6%	64.56%
EBIT Margin (%)	32.27%	84.96%	68.84%	17.34%	37.97%	37.34%	36.31%	42.51%
EBT Margin (%)	-47.92%	-84.11%	-16.81%	65.03%	-9.5%	4.83%	29.96%	35.89%
Net margin (%)	-38.46%	-65.89%	-11.27%	50.34%	-7.14%	-0.06%	23.79%	29.21%
FCF margin (%)	24.47%	60.85%	53.06%	3.9%	21.74%	35.25%	31.89%	34.57%
FCF / Net Income (%)	-63.62%	-92.35%	-471.05%	7.75%	-304.38%	-64,039.59%	134.06%	118.36%
Profitability
ROA	2.23%	4.31%	6.42%	4.17%	3.31%	3.85%	4.81%	6.68%
ROE	4.45%	8.57%	16.03%	9.76%	6.71%	7.71%	8.89%	13.57%
Financial Health
Leverage (Debt/EBITDA)	2.62x	1.9x	1.82x	2.11x	2.09x	2.11x	1.79x	1.39x
Debt / Free cash flow	7.85x	4.93x	3.54x	15.08x	7.8x	4.73x	3.57x	2.6x
Capital Intensity
CAPEX / Current Assets (%)	38.74%	61.56%	44.86%	19.6%	42.65%	32.52%	27.7%	26.08%
CAPEX / EBITDA (%)	52.85%	38.98%	43.52%	70.19%	52.61%	41.17%	43.56%	40.4%
CAPEX / FCF (%)	158.32%	101.17%	84.53%	502.58%	196.17%	92.25%	86.87%	75.45%
Items per share
Cash flow per share ¹	3.998	4.62	6.363	0.704	5.67	6.362	7.988	10.17
Change	-	15.55%	37.74%	-88.94%	705.43%	12.19%	25.57%	27.31%
Dividend per Share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Book Value Per Share ¹	20.13	18.18	15.57	22.84	27.53	23.97	25.49	28.57
Change	-	-9.68%	-14.36%	46.68%	20.54%	-12.92%	6.35%	12.07%
EPS ¹	-2.43	-2.31	-0.75	9.12	-0.6	0.0126	3.286	4.795
Change	-	4.94%	67.53%	1,316%	-106.58%	102.1%	25,975.71%	45.94%
Nbr of stocks (in thousands)	224,529	211,200	180,477	158,853	149,271	144,723	144,723	144,723
Announcement Date	28/01/21	27/01/22	26/01/23	25/01/24	30/01/25	-	-	-