CNX Resources Corporation reported a significant turnaround in its financial performance for the fiscal year ending December 31, 2025, achieving a net income of $633 million, or $3.98 per diluted share, compared to a net loss of $90 million, or a loss of $0.60 per diluted share in the previous year. This improvement was driven by a substantial increase in total revenue, which rose to $2.24 billion from $1.27 billion in 2024. The company attributed this growth to higher natural gas prices and increased sales volumes, particularly following the acquisition of Apex Energy II, LLC for approximately $518 million, which expanded its operational footprint in the Appalachian Basin.
In terms of operational metrics, CNX's total sales volumes reached 629 Bcfe in 2025, marking an increase from 551 Bcfe in 2024. The company reported that 92% of its production was natural gas, with the remaining 8% comprising liquids. The average sales price for natural gas rose to $2.99 per Mcf, a 51% increase from the previous year, while the average price for NGLs decreased slightly to $21.30 per barrel. The company’s total proved reserves also increased to 9.7 Tcfe, with 72% classified as proved developed reserves.
Strategically, CNX has focused on enhancing its asset base and operational efficiency. The acquisition of Apex Energy II not only added significant reserves but also provided an existing infrastructure that can be leveraged for future development. The company plans to invest between $556 million and $586 million in capital expenditures for 2026, which includes payments related to the acquisition of Utica Shale rights. CNX's employee headcount stood at 390 as of December 31, 2025, reflecting its commitment to maintaining a skilled workforce to support its operations.
Looking ahead, CNX anticipates annual sales volumes for 2026 to be between 605 and 620 Bcfe, with continued focus on optimizing production and managing costs. The company remains vigilant regarding market conditions, particularly the volatility of natural gas prices, which could impact its financial performance. CNX's management has expressed confidence in its operational strategies and the potential for long-term value creation, emphasizing the importance of natural gas in the transition to a lower-carbon energy future.
About CNX Resources Corp
CNX Resources Corporation is an independent natural gas company focused on developing, producing, and midstream services in the Appalachian Basin. Its core operations include shale, coalbed methane, and other natural gas assets, primarily in Pennsylvania, Ohio, West Virginia, and Virginia. The company emphasizes responsible resource development, technological innovation, and environmental attributes, serving markets with natural gas, NGLs, and related products through extensive infrastructure and marketing channels.
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