NYSE: CNX · Oil & Gas Exploration & Production
CNX Resources (CNX) fair value and price range
As of 27 Sep 2026, Faircurve's model values CNX Resources (CNX) at $34.60 a share. The stock last closed at $31.50, which puts the model's fair value 9.8% above the price. The model grades the evidence behind this valuation as low, so no verdict is shown. The grade looks at how complete the inputs are, how many comparable companies there are and how closely they agree, and how wide the range of outcomes is. It does not say how likely the fair value is to be right.
Revalued . Price is the close of 2 Oct 2026. CNX Resources Corporation.
Faircurve Insights · 27 Sep 2026
CNX Resources Corporation operates as an independent company primarily focused on natural gas and midstream activities.
Faircurve's model found a fair value of $34.60 a share on 27 Sep 2026, the midpoint of 2,000 simulations. The previous run on 19 Sep 2026 gave $35.14, a move of -1.5%. The calibrated range over 63 trading days is $29.03 to $42.19, built from the fair value since there is no live options data for the stock. Ranges built this way held the price 60% of the time at this horizon, over 4,327 past valuations. The model grades the evidence behind this valuation as low, so no verdict is shown.
The overall quality score for CNX Resources Corporation is 58 out of 100 against comparable companies. The model compares it with California Resources Corp (CRC), Murphy Oil Corporation (MUR), Crescent Energy Company (CRGY), Magnolia Oil & Gas Corporation (MGY), Matador Resources Company (MTDR), Chord Energy Corporation (CHRD), and SM Energy Company (SM). Around the last 8 earnings reports, the median size of moves, ignoring direction, was 4.6%.
Written from the figures on this page for the 27 Sep 2026 valuation and checked by rule before publishing: every number is one printed here, no forecast, no instruction. The price, the gap and the verdict are the page's own and change daily. Not a recommendation.
What price range does the model give CNX?
The calibrated range for CNX over 63 trading days is $29.03 to $42.19. There is no live options data for this stock, so the range is built from the fair value and calibrated weekly against realised prices (n = 4,327 past valuations, refreshed 26 Sep 2026). Ranges built this way held the price 60% of the time at this horizon.
The model's own simulated range, from the 20th to the 80th percentile of its runs, is $19.45 to $55.21. In 53% of the simulations the fair value came out above the price the model ran on.
How does CNX score on business quality?
CNX Resources's overall quality score is 58 out of 100. Each factor below is a score against comparable companies, not a percentile of the metric beside it.
| Factor | Score (0 to 100) | Headline measure | Peer median |
|---|---|---|---|
| ProfitabilityReturn on invested capital against the peer group, with a bonus for an improving trend. | 75 | 11.6%ROIC | 6.1% |
| Earnings qualityHow much of reported profit is cash: free cash flow to net income, and the accrual ratio (the share of earnings that is not cash). | 26 | 0.55xFCF / net income | 1.26x |
| Growth qualityTrailing revenue growth, forward growth from consensus, and the direction of analyst estimate revisions. | 78 | 48.9%Revenue growth, trailing | 6.3% |
| Capital disciplineReinvestment efficiency (capital spending per unit of revenue) and net buybacks. | 88 | 11.1%Net buybacks / market value | 1.4% |
| Balance sheetNet debt to EBITDA and interest coverage. | 63 | 1.24xNet debt / EBITDA | 1.40x |
| StabilityDownside volatility of the EBITDA margin over the last five years. | 0 | 37.0 ptsEBITDA margin downside volatility, 5y | 5.5 pts |
How does CNX compare with similar companies?
The companies in oil & gas exploration & production closest to CNX Resources in market value, each on the same model and the same date.
| Company | Last close | Model fair value | Gap | Model verdict |
|---|---|---|---|---|
| CRC California Resources Corp | $52.43 | $50.02 | -4.6% | Fairly valued |
| MUR Murphy Oil Corporation | $37.66 | $37.11 | -1.5% | Fairly valued |
| CRGY Crescent Energy Company | $13.39 | $14.07 | +5.1% | Fairly valued |
| MGY Magnolia Oil & Gas Corporation | $24.07 | $26.20 | +8.8% | Fairly valued |
| CRK Comstock Resources, Inc. | $12.78 | $8.46 | -33.8% | Low evidence grade |
| MTDR Matador Resources Company | $53.50 | $73.80 | +37.9% | Undervalued |
| CHRD Chord Energy Corporation | $137.01 | $191.26 | +39.6% | Undervalued |
| SM SM Energy Company | $35.24 | $30.66 | -13.0% | Fairly valued |
All oil & gas exploration & production stocks ranked by gap to fair value
When does CNX report earnings, and how has the stock reacted?
CNX Resources's next earnings report is scheduled for 29 Oct 2026. Companies can move their dates.
Options prices on 2 Oct 2026 imply a move of about 4.3% in either direction through the nearest expiry, about 13 days out. That is the size the market is pricing, not a direction.
How CNX moved around its last 8 earnings reports
Each move runs from the last close before the report to the first close after it, so it covers companies that report before the open and after the close. The median size across these 8 reports, ignoring direction, was 4.6%.
| Report date | Two session move |
|---|---|
| 30 Jul 2026 | +3.2% |
| 30 Apr 2026 | -3.7% |
| 29 Jan 2026 | +5.6% |
| 30 Oct 2025 | +5.9% |
| 24 Jul 2025 | -6.2% |
| 24 Apr 2025 | +17.1% |
| 30 Jan 2025 | -1.6% |
| 24 Oct 2024 | +2.0% |
CNX Resources at a glance
CNX Resources Corporation operates as an independent company primarily focused on natural gas and midstream activities.
- Market value
- $4.9B
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- Revenue expected, next twelve months
- $2.2B
- Consensus revenue growth, next fiscal year
- +11.5%
- Analysts with estimates
- 4
- Beta to the US market
- 0.05
- First valued by Faircurve
- 11 Jul 2026
How the fair value is worked out: the model prices CNX Resources on the value of the whole business, debt included, against the operating profit analysts expect next year (forward EV/EBITDA), runs 2,000 simulations across its inputs and takes the midpoint. The full method is documented here.
What changed in the latest valuation?
On 19 Sep 2026 the model's fair value for CNX was $35.14. As of 27 Sep 2026 it is $34.60, a change of -1.5%. The model revalues every stock it covers each week, and again after an earnings report.
Questions about CNX Resources's valuation
Is CNX Resources stock undervalued or overvalued?
Faircurve's model puts CNX's fair value at $34.60 a share against a last close of $31.50, as of 27 Sep 2026. The model grades the evidence behind this valuation as low, so no verdict is shown. The grade looks at how complete the inputs are, how many comparable companies there are and how closely they agree, and how wide the range of outcomes is. It does not say how likely the fair value is to be right.
What is CNX's fair value?
$34.60 a share as of 27 Sep 2026, the midpoint of 2,000 simulations. The model's own 20th to 80th percentile range is $19.45 to $55.21.
What price range does the model give CNX?
$29.03 to $42.19 over 63 trading days. Ranges built this way held the price 60% of the time across 4,327 past valuations, refreshed 26 Sep 2026.
When does CNX Resources report earnings next?
The next report is scheduled for 29 Oct 2026. Companies can move their dates.
How much has CNX moved on past earnings reports?
Across its last 8 reports the median two session move was 4.6%, ignoring direction. The largest was +17.1% around the report of 24 Apr 2025.
How confident is the model in this valuation?
The model's evidence grade for CNX is low. The grade looks at how complete the inputs are, how many comparable companies there are and how closely they agree, and how wide the range of outcomes is. It is not a probability that the fair value is right, or that the price reaches it.