CNX Resources Corporation (CNX) Income Statement
CNX 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsCNX revenue and net income
Where CNX's revenue goes
2025Each bar shows an amount and its share of revenue. CNX kept 29.6% of revenue as net income.
CNX profit margins
CNX growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +48.9% | −18.3% | +14.6% | +10.3% |
| Gross profit | +144.6% | −28.7% | +50.3% | — |
| Operating income | +365.1% | −32.9% | +9.1% | — |
| Net income | — | — | — | — |
| EPS (diluted) | +40.8% | +0.1% | +20.5% | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
CNX quarterly EPS vs estimates
CNX Resources beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: October 29, 2026 (estimate $0.62).
CNX income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.14B | $1.44B | $1.51B | $3.92B | $2.39B | $1.08B | $1.55B | $1.76B | $1.25B | $901.0M |
| Cost of revenue | $1.13B | $1.03B | $976.7M | $1.13B | $1.03B | $953.0M | $1.02B | $989.1M | $965.7M | $964.5M |
| Gross profit | $1.01B | $413.8M | $529.6M | $2.80B | $1.36B | $132.0M | $523.9M | $771.6M | $282.5M | −$63.5M |
| Research & development | — | — | — | — | $20.6M | $15.0M | — | — | $0 | $0 |
| Sales, general & admin | $151.0M | $158.0M | $125.3M | $121.7M | $112.8M | $109.4M | $143.6M | $134.8M | $93.2M | $104.8M |
| Total operating expenses | $224.5M | $244.4M | $215.4M | $193.8M | $202.0M | $132.0M | $267.2M | $219.3M | $253.7M | $208.1M |
| Operating income | $787.5M | $169.3M | $314.2M | $2.60B | $1.15B | $510.1M | $256.7M | $552.3M | $25.0M | −$271.6M |
| Interest income | $73.9M | $323.0M | $1.79B | $2.79B | $1.78B | $2.2M | $224.7M | $176.1M | $45.5M | $1.5M |
| Interest expense | $170.6M | $150.6M | $143.3M | $127.7M | $151.2M | $170.8M | $151.4M | $145.9M | $161.4M | $195.2M |
| Income before taxes | $802.9M | −$120.4M | $2.22B | −$211.9M | −$636.5M | −$602.8M | $59.7M | $1.10B | $118.6M | −$585.3M |
| Income taxes | $169.8M | −$29.9M | $502.2M | −$69.9M | −$137.9M | −$174.1M | $27.7M | $215.6M | −$176.5M | −$34.4M |
| Net income | $633.2M | −$90.5M | $1.72B | −$142.1M | −$498.6M | −$483.8M | −$80.7M | $796.5M | $380.7M | −$848.1M |
| EBITDA | $1.55B | $516.0M | $2.80B | $377.0M | $29.8M | $69.8M | $719.5M | $1.74B | $437.1M | $16.8M |
| EPS (diluted) | $2.52 | $1.79 | $1.87 | $2.51 | $1.59 | $0.99 | $0.93 | $1.35 | $1.17 | −$1.76 |
| Gross margin | 47.2% | 28.8% | 35.2% | 71.3% | 56.8% | 12.2% | 33.9% | 43.8% | 22.6% | −7.0% |
| Operating margin | 36.8% | 11.8% | 20.9% | 66.3% | 48.3% | 47.0% | 16.6% | 31.4% | 2.0% | −30.1% |
| Net margin | 29.6% | −6.3% | 114.2% | −3.6% | −20.9% | −44.6% | −5.2% | 45.2% | 30.5% | −94.1% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $618.5M | $782.7M | $538.4M | $452.1M | $541.3M | $610.6M | $419.6M | $335.2M | $307.3M | $377.0M | $392.6M | $302.7M |
| Cost of revenue | $347.7M | $279.8M | $281.9M | $289.7M | $294.9M | $265.0M | $256.1M | $268.0M | $244.1M | $256.2M | $251.0M | $246.1M |
| Gross profit | $270.8M | $502.8M | $256.5M | $162.5M | $246.4M | $345.6M | $163.5M | $67.3M | $63.3M | $120.8M | $141.5M | $56.6M |
| Sales, general & admin | $36.0M | $32.0M | $47.0M | $31.0M | $33.0M | $42.0M | $37.6M | $35.0M | $36.0M | $40.0M | $67.0M | $30.2M |
| Total operating expenses | $33.8M | $33.2M | $65.0M | $50.7M | $55.8M | $55.1M | $62.0M | $53.9M | $57.4M | $63.3M | $48.9M | $56.6M |
| Operating income | $236.9M | $469.7M | $191.5M | $111.8M | $190.7M | $290.5M | $101.5M | $13.3M | $5.9M | $57.5M | $92.6M | $138.4M |
| Interest income | — | — | $30.1M | $88.7M | $377.1M | $569.8M | $319.6M | $51.0M | — | — | — | $12.4M |
| Interest expense | $39.0M | $40.5M | $42.0M | $43.0M | $44.0M | $41.6M | $36.6M | $37.9M | $38.6M | $40.4M | $37.3M | $38.4M |
| Income before taxes | $236.9M | $428.4M | $224.4M | $265.7M | $585.6M | −$272.8M | −$194.0M | $82.6M | −$15.2M | $6.3M | $639.0M | $19.2M |
| Income taxes | $34.0M | $80.3M | $28.2M | $63.6M | $153.1M | −$75.1M | −$49.4M | $17.0M | $3.0M | −$532,000 | $125.0M | −$2.1M |
| Net income | $202.9M | $348.1M | $196.3M | $202.1M | $432.5M | −$197.7M | −$144.6M | $65.5M | −$18.3M | $6.9M | $514.0M | $21.4M |
| EBITDA | $412.2M | $603.5M | $411.5M | $458.0M | $782.3M | −$104.1M | −$29.1M | $241.7M | $140.9M | $162.4M | $789.2M | $166.5M |
| EPS (diluted) | $0.68 | $1.20 | $0.67 | $0.49 | $0.58 | $0.78 | $0.57 | $0.41 | $0.36 | $0.45 | $0.67 | $0.35 |
| Gross margin | 43.8% | 64.2% | 47.6% | 35.9% | 45.5% | 56.6% | 39.0% | 20.1% | 20.6% | 32.0% | 36.1% | 18.7% |
| Operating margin | 38.3% | 60.0% | 35.6% | 24.7% | 35.2% | 47.6% | 24.2% | 4.0% | 1.9% | 15.2% | 23.6% | 45.7% |
| Net margin | 32.8% | 44.5% | 36.4% | 44.7% | 79.9% | −32.4% | −34.5% | 19.5% | −5.9% | 1.8% | 130.9% | 7.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in CNX's financial statements (latest annual report filed February 10, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
CNX financial results
In fiscal year 2025 (ended December 31, 2025), CNX Resources reported revenue of $2.1 billion, up 48.9% from the year before. It had net income of $633.2 million, a net profit margin of 29.6%. Diluted earnings per share came to $2.52. Over five years revenue grew at an average rate of 14.6% a year.
See the CNX stock overview for the latest quote and news, or the CNX chart for price history and technical indicators.
CNX income statement FAQ
What is CNX Resources's annual revenue?
CNX Resources reported total revenue of $2.1 billion for fiscal year 2025, which ended on December 31, 2025. That was up 48.9% from $1.4 billion the previous year.
Is CNX Resources profitable?
Yes. CNX Resources reported net income of $633.2 million in fiscal 2025, a net profit margin of 29.6%; its operating margin was 36.8%.
What is CNX Resources's gross margin?
CNX Resources's gross margin was 47.2% in fiscal 2025: for every $100 of revenue, CNX Resources kept $47 after the direct cost of its products and services.
How fast is CNX Resources growing?
Revenue grew 14.6% a year on average over the last five fiscal years, from $1.1 billion to $2.1 billion.
What are CNX Resources's earnings per share?
CNX Resources earned $2.52 per diluted share in fiscal 2025, compared with $1.79 a year earlier.
When will CNX Resources report its next earnings?
CNX Resources is expected to report results for the quarter ending September 30, 2026 on October 29, 2026 before the market opens.
When does CNX Resources's fiscal year end?
CNX Resources's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 10, 2026.