Financials CNX Resources Corporation

Equities

CNX

US12653C1080

Oil & Gas Exploration and Production

Market Closed - Nyse 04:00:02 2024-04-26 pm EDT 5-day change 1st Jan Change
24 USD +0.25% Intraday chart for CNX Resources Corporation 0.00% +20.00%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 1,651 2,425 2,904 3,039 3,177 3,678 - -
Enterprise Value (EV) 1 4,397 4,841 5,173 5,406 5,216 5,815 5,767 3,678
P/E ratio -21.1 x -4.44 x -5.95 x -22.5 x 2.19 x 21 x 13.7 x 10 x
Yield - - - - - - - -
Capitalization / Revenue 0.86 x 1.93 x 3.84 x 2.41 x 0.92 x 2.37 x 2.01 x 1.92 x
EV / Revenue 2.29 x 3.85 x 6.84 x 4.29 x 1.51 x 3.75 x 3.15 x 1.92 x
EV / EBITDA 4.59 x 5.25 x 4.33 x 4.16 x 5.39 x 6.02 x 5.27 x 3.02 x
EV / FCF -20.7 x 15.7 x 11.2 x 8.08 x 38.6 x 24.5 x 14.5 x 7.07 x
FCF Yield -4.82% 6.36% 8.9% 12.4% 2.59% 4.08% 6.91% 14.1%
Price to Book - 0.54 x 0.76 x 1.08 x 0.88 x 0.83 x 0.76 x -
Nbr of stocks (in thousands) 186,587 224,529 211,200 180,477 158,853 153,245 - -
Reference price 2 8.850 10.80 13.75 16.84 20.00 24.00 24.00 24.00
Announcement Date 1/30/20 1/28/21 1/27/22 1/26/23 1/25/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1,922 1,258 756.8 1,261 3,466 1,552 1,831 1,917
EBITDA 1 957.5 922 1,195 1,300 968 965.7 1,095 1,220
EBIT 1 404.7 406 643 868.2 601 423.6 580.3 755.3
Operating Margin 21.05% 32.27% 84.96% 68.84% 17.34% 27.3% 31.69% 39.4%
Earnings before Tax (EBT) 1 59.68 -602.8 -636.5 -211.9 2,254 258.3 427.1 683
Net income 1 -80.73 -483.8 -498.6 -142.1 1,745 230.2 295 325.5
Net margin -4.2% -38.46% -65.89% -11.27% 50.34% 14.84% 16.11% 16.98%
EPS 2 -0.4200 -2.430 -2.310 -0.7500 9.120 1.144 1.755 2.397
Free Cash Flow 1 -212 307.8 460.5 669.3 135.2 237.2 398.4 520.2
FCF margin -11.03% 24.47% 60.85% 53.06% 3.9% 15.29% 21.76% 27.14%
FCF Conversion (EBITDA) - 33.38% 38.54% 51.48% 13.97% 24.56% 36.38% 42.66%
FCF Conversion (Net income) - - - - 7.75% 103.04% 135.07% 159.83%
Dividend per Share - - - - - - - -
Announcement Date 1/30/20 1/28/21 1/27/22 1/26/23 1/25/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 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
Net sales 1 1,291 -913.1 420.4 117.1 1,637 1,276 839.7 350.5 999.6 384.6 362.7 373.7 430.6 491.3 407.5
EBITDA 1 328 362 338 326 274 261 217 228 262 252 234.1 229.1 252.9 296.8 243.6
EBIT 1 180 234 212.4 202.7 233.1 193.2 208 108 143 91 113 93.06 121.8 178 123.4
Operating Margin 13.94% -25.63% 50.52% 173.15% 14.24% 15.14% 24.77% 30.81% 14.31% 23.66% 31.14% 24.9% 28.28% 36.24% 30.27%
Earnings before Tax (EBT) 1 906.7 -1,249 46.92 -266.7 1,256 928 636.7 19.24 669.8 6.319 73.13 77.64 86.8 132.1 86.96
Net income 1 630.3 -922.9 33.36 -427.1 1,175 710.4 475 21.38 537.8 6.851 70.15 58.25 71.63 96.04 57.05
Net margin 48.82% 101.08% 7.93% -364.83% 71.76% 55.67% 56.56% 6.1% 53.81% 1.78% 19.34% 15.59% 16.63% 19.55% 14%
EPS 2 2.900 -4.620 0.1500 -2.280 5.680 3.610 2.470 0.1200 2.890 0.0400 0.3688 0.3268 0.4102 0.5640 0.3300
Dividend per Share - - - - - - - - - - - - - - -
Announcement Date 1/27/22 4/28/22 7/28/22 10/27/22 1/26/23 4/27/23 7/27/23 10/25/23 1/25/24 4/25/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 2,745 2,416 2,269 2,367 2,039 2,137 2,089 -
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 2.867 x 2.621 x 1.899 x 1.821 x 2.106 x 2.213 x 1.908 x -
Free Cash Flow 1 -212 308 460 669 135 237 398 520
ROE (net income / shareholders' equity) - 4.45% 8.57% 16% 9.76% 5.72% 6.67% -
ROA (Net income/ Total Assets) - 2.23% 4.31% 6.42% 4.17% 2.88% 3.34% -
Assets 1 - -21,659 -11,565 -2,215 41,799 8,001 8,829 -
Book Value Per Share 2 - 20.10 18.20 15.60 22.80 29.00 31.50 -
Cash Flow per Share 2 5.100 4.000 4.620 6.360 0.7000 4.350 5.270 6.380
Capex 1 1,193 487 466 566 679 561 560 541
Capex / Sales 62.04% 38.74% 61.56% 44.86% 19.6% 36.19% 30.57% 28.22%
Announcement Date 1/30/20 1/28/21 1/27/22 1/26/23 1/25/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B-
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
11
Last Close Price
24 USD
Average target price
25.1 USD
Spread / Average Target
+4.58%
Consensus
  1. Stock Market
  2. Equities
  3. CNX Stock
  4. Financials CNX Resources Corporation