Recent Updates — CNX

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.

CNX Resources Corporation announced the immediate departure of Chief Financial Officer Everett W. Good on September 17, 2026, effective immediately. The Board appointed Ravi Srivastava, currently Senior Vice President Operations, as the new CFO succeeding Mr. Good. Mr. Good will remain a non-executive employee until October 2, 2026, before transitioning to a consulting role through the end of 2026. His departure involves a lump sum cash payment of $220,673.08 and accelerated vesting for 24,701 time-based restricted stock units, with continued vesting for 39,033 performance-based awards. Melissa Long was appointed principal accounting officer. CNX Resources Corporation operates in the natural gas exploration and production industry.