Company data sheet · CNX Resources
CNX Resources: four lost years, and the economy wasn't the reason.
- Industry
- Crude Petroleum & Natural Gas
- Headquarters
- United States
- Ticker
- CNX (NYSE)
- Sources
- SEC filings (1998–2026), Stratrix's verified Decision Cases, market data and official economic statistics for the United States
- Data as of
- October 18, 2026
- From profit to four straight losses. CNX Resources earned $1.2 billion in 2017–2018. Then it lost money every year from 2019 to 2022: $1.2 billion in all. 2023 was its first profit in five years: $1.7 billion.
- It outgrew its own economy many times over. Revenue rose from $0.8 billion in 2016 to $2.2 billion in 2025: 2.9 times as much. The US economy, counted the same way in money terms, grew about 60%. Whatever drove it, the economy around it does not account for growth of that size.
- It wasn't the cycle. The losses began in 2019, a year the US economy grew 2.6%. When a company falls while its economy grows, look inside the company first.
- Still smaller than it was. Revenue reached $2.2 billion in 2025, 35% below its 2023 peak of $3.4 billion.
- Leaders came and went. CNX Resources filed 26 leadership changes since 2016, more than 86% of large energy and mining companies (the median is 10). The day after each, its shares fell a median 0.5 points against its sector.
Financial results
| Fiscal year | Revenue | Net income | |
|---|---|---|---|
| 2016 | $0.8 billion | −$0.8 billion | |
| 2017 | $1.5 billion | $0.4 billion | |
| 2018 | $1.7 billion | $0.8 billion | |
| 2019 | $1.9 billion | −$0.1 billion | |
| 2020 | $1.3 billion | −$0.5 billion | |
| 2021 | $0.8 billion | −$0.5 billion | |
| 2022 | $1.3 billion | −$0.1 billion | |
| 2023 | $3.4 billion | $1.7 billion | |
| 2024 | $1.3 billion | −$0.1 billion | |
| 2025 | $2.2 billion | $0.6 billion |
As reported in its annual filings. Losses in red.
The full data sheet · Data Plan
Everything behind these findings, ready for your board deck.
- Market reaction to disclosed decisions: 69 decision filings since 2016, each linked to the SEC, with the share return against its sector and the S&P 500 the next day and the next year (34 with market data).
- Economic context: 7 measures for the United States, every year since 2016, from the official sources.
- Peer comparison: against 175 companies of its size in its sector.
- Financial results: ten years of revenue, operating and net income, and every annual report, linked.
- Methods and sources, so each number can be checked and cited.
The full data sheet downloads with the Data Plan. To see exactly what you get first, open the Boeing sample PDF or Excel.