CNX Resources Corporation (CNX)

In the past six months, CNX Resources Corp. held its Q1 2025 Earnings Conference Call on April 24, 2025, reaffirming its free cash flow guidance. An updated 2024 Corporate Sustainability Report was released on May 14, 2025. Alan Shepard was promoted to President on June 12, 2025, while retaining his role as CFO. The company announced its Second Quarter 2025 Financial Results on July 24, 2025, reporting production outperformance. On September 22, 2025, Alan Shepard was named as the next Chief Executive Officer. CNX Resources Corp. announced its Third Quarter 2025 Financial Results on October 6, 2025. Over the last month, the stock price has seen a 1.91% rise, and a 1.02% rise in the past week, although it has decreased by 13.17% over the last year.

Demand for natural gas is highly seasonal, with peaks in the winter for heating and in the summer for electricity consumption for air conditioning. Industrial use of natural gas also tends to be higher in the winter. Natural gas is stored to manage these seasonal fluctuations, with inventory levels typically highest between late October and mid-November and lowest at the end of winter.

CNX Resources Corp. specializes in producing pipeline-quality natural gas, including dry natural gas and natural gas liquids like ethane, propane, and butane, which are used in petrochemical manufacturing. The company also provides midstream services, designing, building, and operating natural gas gathering systems and processing facilities. CNX emphasizes its role as an ultra-low carbon intensive natural gas development and production company, with a focus on technology and innovation.

CNX Resources Corp.'s operations are primarily in the Appalachian Basin, developing natural gas from the Marcellus Shale and Utica Shale formations across Pennsylvania, West Virginia, and Ohio. CNX also holds rights to extract coalbed methane in Virginia, West Virginia, Pennsylvania, Ohio, Illinois, Indiana, and New Mexico, and rights to other shale and shallow oil and gas formations in Illinois, Indiana, New York, and Virginia.

In the past year, CNX Resources Corp. has worked on its brand reputation through various initiatives, highlighting its legacy and commitment to responsible resource development. CNX has emphasized an ESG strategy with a focus on local impact and has engaged in partnerships aimed at alternative fuels and lower-carbon natural gas production. However, the broader natural gas and coal industry, including CNX, faces potential reputational challenges due to lawsuits seeking to hold producers liable for weather events.

Institutional investors hold a substantial portion of CNX Resources Corp.'s outstanding stock, estimated to be between 92% and 100%, with major holders including BlackRock, Inc. and The Vanguard Group, Inc. Individual insider ownership accounts for approximately 2.35% of the shares, with an insider purchase by John Clarkson on May 11, 2025.