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CNX Resources — Q3 2026 Earnings Summary

  • Q3 2026 Net Income declined to $165.2 million ($1.12 EPS) from $202.1 million in Q3 2025 and $202.9 million in Q2 2026, driven by lower revenue of $580.0 million and reduced commodity derivative gains of $160.6 million.
  • Management raised full-year 2026 guidance across key metrics, including production volume (612.5–617.5 Bcfe), Adjusted EBITDAX ($1,290–$1,310 million), and Free Cash Flow (~$550 million), while increasing CapEx expectations to $571–$586 million.
  • Capital allocation included $180.2 million in common stock repurchases and $15.9 million in asset sale proceeds, reducing shares outstanding to 146.0 million and supporting an updated FCF per share guidance of ~$3.85.
  • Q3 2026 production averaged 1,699.2 MMcfe daily with 14 active TIL rigs (12 in Marcellus, 2 in Utica), while total 2026 hedging covers 461.2 Bcf at a weighted average price of $2.73/Mcf.
Company
CNX RESOURCES CORP
Sector
Energy
Industry
Oil & Gas E&P