)

CNX Resources (CNX) investor relations material
CNX Resources Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Achieved 22nd consecutive quarter of positive free cash flow, generating $188 million in Q2 2025.
Net income of $433 million for Q2 2025, reversing a prior year loss, driven by higher prices, increased volumes, and derivative gains.
Apex Energy II acquisition expanded undeveloped leasehold and infrastructure in central Pennsylvania, supporting future growth.
Maintains a substantial asset base with 8.54 Tcf of proved natural gas reserves as of December 31, 2024.
Focuses on ultra-low carbon intensive natural gas development and production in Appalachia.
Financial highlights
Q2 2025 free cash flow reached $188 million; trailing twelve-month leverage ratio at 2.2x.
Q2 2025 revenue and other operating income reached $962 million, up from $321 million in Q2 2024.
Diluted EPS was $2.53 in Q2 2025 versus a loss of $0.12 in Q2 2024.
Six-month net income was $235 million, or $1.37 per diluted share, compared to a $11 million loss in the prior year period.
Q2 2025 cash operating margin was 65%; fully burdened cash costs before DD&A at $1.05 per Mcfe.
Outlook and guidance
2025 production guidance is 615–620 Bcfe; capital expenditures expected between $450–$500 million.
45Z tax credits expected to be first eligible in 2025, with cash realization in 2026; program runs through 2029, pending final rulemaking.
2025 free cash flow guidance reaffirmed at ~$575 million, including ~$50 million from expected asset sales.
CapEx and production are front-half weighted in 2025, with a lull in Q3 and activity picking up in Q4 ahead of winter 2026.
2025E cash operating margin projected at 63%; leverage ratio expected to improve to 1.9x.
Next CNX Resources earnings date

Next CNX Resources earnings date

The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
)
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage