Earnings ·
CNX Resources reports Q3 net income of $165.2M on $160.6M derivative gains
CNXCNX Resources Corp
CNX Resources reported third-quarter 2026 net income of $165.2 million, or $1.12 per diluted share, compared to $202.1 million in the prior-year period. The results were significantly impacted by a $160.6 million gain on commodity derivative instruments, driven by favorable natural gas price movements. Total revenue was $580.0 million, down from $583.8 million in Q3 2025, as lower realized prices offset higher volumes. Production averaged 1,699 MMcfe per day, with shale sales volumes of 132.8 Bcf and NGL sales of 13.8 Bcfe. The company maintained its hedging program, covering approximately 409 million MMBtu for 2027 at a weighted average price of $3.30/Mcf. CNX Resources is an independent natural gas exploration and production company based in Pennsylvania.