CNX Resources Corporation (CNX) Earnings: Q3 2026 Results and Next Report Date

The quarter ended September 30, 2026 and CNX Resources published the results on October 29, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison.

• Revenue here is CNX's GAAP line "Total Revenue and Other Operating Income", which includes gains on commodity derivative instruments ($160.6 million in Q3 2026, of which $108 million unrealized). Sales of natural gas, NGLs and oil alone were $372.5 million.
• CNX does not report an adjusted EPS figure; it reports Adjusted Net Income ($90 million in Q3 2026, against $82 million).
• CNX's Convertible Notes matured on May 1, 2026 and were settled in shares, which changed the diluted share count between the two quarters.

Source: CNX Resources Q3 2026 earnings results, October 29, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How CNX Resources splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• CNX Resources's Natural gas revenue revenue was $316 million in Q3 2026, down 13% from $361 million in Q3 2025, 54% of total revenue.
• CNX Resources's NGL revenue revenue was $54.6 million in Q3 2026, up 49% from $36.7 million in Q3 2025, 9% of total revenue.
• CNX Resources's Oil/condensate revenue revenue was $2.2 million in Q3 2026, down 26% from $3.0 million in Q3 2025, under 1% of total revenue.
• CNX Resources's Purchased gas revenue revenue was $4.4 million in Q3 2026, down 51% from $9.0 million in Q3 2025, under 1% of total revenue.
• CNX Resources's Gain on commodity derivative instruments revenue was $161 million in Q3 2026, up 22% from $132 million in Q3 2025, 28% of total revenue.
• CNX Resources's Other revenue and operating income revenue was $42.5 million in Q3 2026, up 1% from $42.1 million in Q3 2025, 7% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

CNX gives its 2026 guidance as a table in its supplemental release: production of 612.5 to 617.5 Bcfe (previously 605.0 to 620.0), adjusted EBITDAX of $1,290 million to $1,310 million, total capital expenditures of $571 million to $586 million, and free cash flow of about $550 million, or about $3.85 per share. The quoted lines are the table's footnotes.

In its Q3 2026 release, CNX Resources said:

“Guidance for FCF includes approximately $50 million in expected asset sales in 2026 and approximately $30 million from the sale of 45Z tax credits for remediation activities in 2025.”

“Updated guidance for 2026 FCF per share based on shares outstanding of 142,861,133, as of 10/14/2026.”

Source: CNX Resources Q3 2026 earnings results and supplemental information, Oct 29, 2026.

This is the company's own guidance as of Oct 29, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the CNX forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

Total Revenue and Other Operating Income and GAAP diluted EPS, each as first reported in that quarter's supplemental release. Both swing with gains and losses on CNX's commodity hedges.

CNX Resources's next report is expected around January 28, 2027, a date estimated from its reporting history that the company has not yet confirmed. This page will show Q3 2026 until those results are out and have been checked against the release.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Oct 29, 2026

CNX Resources is an Appalachian natural gas producer, and its GAAP Total Revenue and Other Operating Income of $580.0 million in Q3 2026 has two very different parts. Sales of natural gas, NGLs and oil were $372.5 million: natural gas $315.7 million, NGLs $54.6 million and oil and condensate $2.2 million. The rest is a $160.6 million gain on commodity derivative instruments, purchased gas revenue of $4.4 million and other revenue and operating income of $42.5 million. (CNX Resources Form 10-Q, Q3 2026, Oct 29, 2026)

CNX Resources' natural gas revenue fell 12.6% from $361.3 million. Natural gas sales volume fell 4.4% to 142,328 MMcf and the sales price fell to $2.22 per Mcf from $2.43, with NYMEX averaging $2.95 per MMBtu against $3.07 and an average differential of $0.85. NGL revenue rose from $36.7 million on a 1.8 Bcfe increase in NGL volumes and higher NGL prices. (CNX Resources Form 10-Q, Q3 2026, Oct 29, 2026; CNX Resources Q3 2026 earnings results and supplemental information, Oct 29, 2026)

Hedging offsets much of the price swing. CNX Resources recorded a $53 million realized gain and a $108 million unrealized gain on commodity derivatives in Q3 2026, and its realized natural gas price including cash settlements was $2.58 per Mcf, against $2.57 a year earlier. It has 461.2 Bcf hedged for 2026 and 409.4 Bcf for 2027. (CNX Resources Q3 2026 earnings results and supplemental information, Oct 29, 2026)

Almost all of CNX Resources' volume is shale gas: 132.8 Bcf of shale gas, 9.4 Bcf of coalbed methane and 13.8 Bcfe of NGLs, for total sales of 156.3 Bcfe, or 1,699.2 MMcfe per day against 1,753.3 a year earlier. At the end of 2025 CNX had 9.7 Tcfe of proved reserves, 89.5% natural gas and 72.2% proved developed. Other operating income included $17 million from sales of environmental attributes, such as methane capture and emission credits, and $7 million of excess firm transportation income. (CNX Resources Q3 2026 earnings results and supplemental information, Oct 29, 2026; CNX Resources Form 10-K, 2025, Feb 10, 2026; CNX Resources Form 10-Q, Q3 2026, Oct 29, 2026)

CNX Resources' GAAP diluted EPS was $1.12 in Q3 2026, against $1.21, on net income of $165.2 million against $202.1 million. CNX does not publish adjusted EPS. Its Adjusted Net Income of $90 million, against $82 million, removes the $108 million unrealized derivative gain and $7 million of stock-based compensation, net of a $26 million tax effect; the year-ago quarter also included a $57 million gain on a non-core asset sale. (CNX Resources Q3 2026 earnings results and supplemental information, Oct 29, 2026)

CNX Resources' diluted share count fell to 147,623,399 from 167,585,198. Its Convertible Notes matured on May 1, 2026 and were settled with 12,636,743 net shares, while the capped calls returned 3,605,684 shares that CNX retired. In the first nine months of 2026 CNX repurchased 12,437,618 shares at an average of $35.08 for $432.8 million, and about $1,991.7 million of its repurchase authorization remained at September 30. (CNX Resources Q3 2026 earnings results and supplemental information, Oct 29, 2026; CNX Resources Form 10-Q, Q3 2026, Oct 29, 2026)

The effective tax rate was 24.6% in Q3 2026, against 23.9%. On July 1, 2026 CNX Resources sold federal tax credits to a third party for approximately $30.0 million, net of costs, which the 10-Q says did not result in a material additional tax benefit. (CNX Resources Form 10-Q, Q3 2026, Oct 29, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

CNX Resources gives full-year guidance as a table in its quarterly supplemental release. With Q3 2026 results it narrowed 2026 production to 612.5 to 617.5 Bcfe from 605.0 to 620.0, set adjusted EBITDAX at $1,290 to $1,310 million against $1,265 to $1,315 million, and raised free cash flow to about $550 million from about $525 million, or about $3.85 per share on 142,861,133 shares. Total capital expenditures are guided at $571 to $586 million. (CNX Resources Q3 2026 earnings results and supplemental information, Oct 29, 2026)

The free cash flow guidance includes approximately $50 million of expected 2026 asset sales and approximately $30 million from the sale of 45Z tax credits, and assumes a NYMEX price of $3.54 per MMBtu on open volumes with a differential of $0.71. CNX says 82% of its 2026 natural gas is hedged. (CNX Resources Q3 2026 earnings results and supplemental information, Oct 29, 2026)

A consensus figure is the average of the models published by the analysts who cover CNX Resources, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones CNX Resources's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning CNX is on is CNX a buy or a sell?, what analysts expect next is on the CNX forecast, and what the company does is on the CNX Resources Corporation (CNX) stock page.

Every number on this page can be traced to a document CNX Resources published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.