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CNX Resources Corporation (CNX) Fair Value & Analysis

Energy · US · Market cap $4.5B

CR CNX Resources Corporation logo CNX Resources Corporation CNX · US
Price$35.14
Fair Value$40.42
Upside+15.0%
Quality63/100
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Expensive Growth
Highly profitable · 52.7% net margin
Moderate debt · generates free cash flow
Ranks above peers (12/14)
Wide moat 85/100
Evidence: High Range $25.99 – $63.89 Share as image

Fair value as of: Jul 14, 2026

From 24 valuation models · updated 26 days ago

Share price +5.9% over the past month.

A solid business, screening 15% undervalued on our models.

What matters now

  • A fairly wide model range ($25.99 to $63.89) leaves room in how you read the outcome.
  • Our model range runs from $25.99 (bear) to $63.89 (bull), base $40.42. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 63/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

$42.61 $10.58 Fair Value $40.42 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 14, 2026.

How to read this chart

60‑month range $10.58 – $42.61 · fair‑value band $25.99 – $63.89 · the $35.14 price screens below the $40.42 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 14, 2026.

Full chart & analysis →

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Analysis

CNX Resources Corporation (CNX) currently trades at $35.14, while our model-based Fair Value estimate is $40.42, implying the stock looks roughly 15.0% undervalued today. The Quality Score stands at 63/100 (solid quality), in the Energy sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, CNX Resources Corporation generated revenue of $2.2B at a net margin of 52.7%. Revenue grew 28.2% year over year. It earns a return on equity of 28.1%. Net debt stands at $2.5B. Fundamentals as of Jul 14, 2026

Our scenario range runs from $25.99 (bear case) to $63.89 (bull case); at $35.14, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 19% below its 52-week high and 27% above its 52-week low, currently below its 200-day average. For context, the median of 10 Energy peers we cover trades at -26% fair-value upside, at 15%, CNX screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF $22.55 $35.22 $53.51 80
Residual Income $29.94 $36.05 $63.55 76
Rev-Margin DCF $5.88 $12.89 $21.11 74
All 24 models by family
DCF Models
FCF DCF $21.37 $34.69 $55.04 38
Owner Earnings $33.73 $51.50 $78.65 31
5Y Revenue Exit $5.88 $12.15 $20.16 39
5Y EBITDA Exit $21.71 $39.54 $60.65 41
5Y P/E Exit $23.68 $42.94 $63.35 38
10Y Revenue Exit $11.34 $17.78 $24.87 36
10Y EBITDA Exit $21.25 $35.61 $52.26 37
10Y P/E Exit $22.44 $37.82 $54.09 35
Earnings-Based
Graham-Dodd $30.43 $58.81 $73.46 54
EPV $24.05 $30.32 $35.73 59
Dividend Discount
Gordon GGM $119.31 $163.19 $206.52 70
DDM Multi-Stage $119.31 $163.61 $213.64 61
Multiples
P/E Multiple $46.99 $62.65 $78.32 63
P/S Multiple $13.63 $18.17 $22.72 58
P/B Multiple $41.38 $55.18 $68.97 55
EV/EBIT $26.11 $40.02 $53.94 53
EV/EBITDA $27.67 $42.11 $56.54 54
EV/Revenue $2.53 $7.99 43
Asset-Based
NCAV (Graham) $15.33 $20.54 $30.66 50
Growth DCF
Growth DCF $22.55 $35.22 $53.51 80
Rev-Margin DCF $5.88 $12.89 $21.11 74
Economic Profit
Residual Income $29.94 $36.05 $63.55 76
ROIC Compounder $24.05 $30.32 $37.61 72
Growth Earnings
Growth-Adj P/E $34.54 $49.34 $64.14 68

Widest divergence: Dividend Discount ($163.19) versus Growth DCF ($12.89). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) $2.2B
Revenue growth (YoY) +28.2%
Net margin 52.7%
Return on equity 28.1%
Free cash flow $534M FY2025
P/E ratio 4.3
More key figures
Operating margin 60.7%
EPS (TTM) $7.50
EPS growth (YoY) +225%
Net debt $2.5B FY2025

Figures from reported company fundamentals · as of Jul 14, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 63/100

Of which business quality 59 · Market factors (momentum, volatility) 55

Profitability 47
Margins and returns on capital today
Quality Growth 97
Are margins and returns improving?
Cashflow 76
Earnings quality: real cash, not paper profit
Fin. Strength 37
Balance sheet, leverage, solvency risk
Investment 40
Disciplined investing over empire-building
Low Volatility 82
Calm price path (market factor)
Momentum 39
Price trend over the last 3–12 months (market factor)
52W Momentum 52
Distance to the 52-week high (market factor)
Net Issuance 60
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

CNX Resources Corporation, an independent natural gas and midstream company, engages in the acquisition, exploration, development, and production of natural gas properties in the Appalachian Basin. The company operates in two segments, Shale and Coalbed Methane (CBM). It produces and sells pipeline quality natural gas primarily for gas wholesalers.

Full company description

CNX Resources Corporation, an independent natural gas and midstream company, engages in the acquisition, exploration, development, and production of natural gas properties in the Appalachian Basin. The company operates in two segments, Shale and Coalbed Methane (CBM). It produces and sells pipeline quality natural gas primarily for gas wholesalers. The company owns rights to extract natural gas from shale formations in Pennsylvania, West Virginia, and Ohio, as well as rights to extract natural gas from other Shale and shallow oil and gas formations primarily in Illinois, Indiana, New York, Ohio, Pennsylvania, Virginia, and West Virginia. In addition, the company designs, builds, and operates natural gas gathering systems to move natural gas from the wellhead to interstate pipelines or other local sales points; owns or operates approximately 2,600 miles of natural gas gathering pipelines as well as various natural gas processing facilities. Further, it offers turn-key solutions for water sourcing, delivery and disposal for its natural gas operations and supplies solutions for water sourcing as well as delivery and disposal for third parties. The company was formerly known as CONSOL Energy Inc. and changed its name to CNX Resources Corporation in November 2017. CNX Resources Corporation was founded in 1860 and is based in Canonsburg, Pennsylvania.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

CNX Resources Corporation reported revenue of $2.1B in FY2025 versus $2.4B in FY2021, a compound −2.7%/yr. Reported net income was $633M in FY2025.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
$2.1B
Latest YoY
+48.9%
Avg. growth/yr (3Y)
−18.3%
Avg. growth/yr (5Y)
+14.6%
Avg. growth/yr (28Y)
−0.3%
Revenue −2.7%/yr
FY21 $2.4B
FY22 $3.9B
FY23 $1.5B
FY24 $1.4B
FY25 $2.1B
Net income
FY21 −$499M
FY22 −$142M
FY23 $1.7B
FY24 −$90.5M
FY25 $633M

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Cite: Fair Value Calculator (2026). "CNX Resources Corporation Fair Value". https://www.fairvalue-calculator.com/stock/CNX

Recent news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Oil & Gas E&P · 315 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 63 · Top 25%
Fair Value upside +15% · Above median
Return on equity (TTM) 28% · Top 25%
Return on assets 11% · Top 25%
Net margin (TTM) 53% · Top 25%
Operating margin (TTM) 61% · Top 25%
Revenue growth 28% · Top 25%
Debt / equity 0.51× · Higher than median

Valuation Multiples vs Oil & Gas E&P median · lower = cheaper

P/E (TTM) 4.3× · Cheaper than 75% of peers
P/B 1.04× · Cheaper than median
P/S (TTM) 2.02× · Cheaper than median
P/FCF 8.5× · Cheaper than median
EV/EBITDA 3.1× · Cheaper than 75% of peers
PEG 1.93× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 53 · sector 14
FUTURE 100 · sector 0
PAST 100 · sector 0
HEALTH 75 · sector 87
DIVIDEND 0 · sector 66

Insider activity: 44/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

Oil & gas

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Oil & Gas E&P stocks, each showing price versus our Fair Value estimate (as of Jul 14, 2026).

Stock Price Fair Value vs Fair Value
CNOOC Limited 600938 ¥28.97 ¥32.55 +12%
ConocoPhillips explores for, COP $109.04 $91.79 -16%
Canadian Natural Resources Limited CNQ $42.86 $31.54 -26%
EOG Resources, Inc EOG $139.89 $130.19 -7%
Occidental Petroleum Corporation OXY $54.86 $30.68 -44%
Diamondback Energy, Inc FANG $183.39 $106.12 -42%
Devon Energy Corporation DVN $43.83 $27.06 -38%
Woodside Energy Group WDS A$30.46 A$20.71 -32%
EQT Corporation EQT $48.85 $42.85 -12%
Texas Pacific Land Corporation TPL $415.70 $79.20 -81%

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Frequently asked questions

Is CNX Resources Corporation (CNX) overvalued or undervalued?
As of Jul 14, 2026, our model estimates a fair value of $40.42 versus a price of $35.14, about +15% (undervalued).
What is the fair value of CNX?
Our model-based fair value for CNX Resources Corporation is $40.42 (as of Jul 14, 2026), built from audited fundamentals. The current price is $35.14.
What is the quality score of CNX?
CNX Resources Corporation has a Quality Score of 63/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of CNX Resources Corporation (CNX)?
CNX Resources Corporation reported trailing-twelve-month revenue of about $2.2B (latest available figure, as of Jul 14, 2026).
What is the net profit margin of CNX?
The net profit margin of CNX Resources Corporation is about 52.7%, meaning it keeps roughly 52.7% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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