CNX Resources Corporation
At today's price, CNX Resources Corporation (CNX) is priced for +23.7% growth. boothcheck doesn't publish a fair value or a price target; it shows what the price assumes, so you can judge whether that bar is too high. Built from SEC EDGAR filings.
CNX is a mature Appalachian natural-gas producer run as a free-cash-flow and buyback machine, not a growth driller. It generated $139 million of free cash flow in the first quarter of 2026, its twenty-fifth consecutive quarter of free cash flow, and has cut shares outstanding by about 37% since the 2020 peak. The valuation is asset- and cash-flow supported rather than a growth bet. At $32.68 the stock trades near 1.1x book value of about $29 per share, and most of the model families land at or
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407 institutional managers reported holding CNX in 13F filings for the quarter ended 2026-03-31. Together they hold about 84% of the company; the top 10 hold 49%. 63 opened new positions that quarter. Held by BlackRock, Vanguard Group, Dimensional Fund Advisors, among others. On the short side, 15.8M shares were sold short as of the 2026-06-15 count, about 10% of shares outstanding (10 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
CNX has cut its share count 35.3% over the past five years, spending $1.85B on repurchases. It pays no dividend. Cash returned over the past three years: $922.76M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at CNX over the trailing three years: 2023: 3 buys totaling $3.17M; 2024: 4 buys totaling $4.07M; 2025: 1 buy totaling $312k. 12 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
CNX's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-07-28 | +7.4% | +13.3% |
| 2023-10-26 | -3.3% | -7.7% |
| 2024-02-09 | -1.4% | +23.1% |
| 2024-04-26 | -0.8% | +1.4% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
CNX's latest 8-K filings: 2026-05-11 (items 5.07); 2026-04-30 (items 2.02, 7.01, 9.01); 2026-02-26 (items 1.01, 2.03, 7.01, 9.01); 2026-02-24 (items 7.01, 9.01); 2026-02-18 (items 1.01, 7.01, 9.01).
Item codes are the SEC's own classification of what each report discloses. Nothing here is investment advice.
Last analyzed: June 27, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.