CNX Resources Corporation (CNX) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
CNX CENTER CANONSBURG, PA 15317 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 1311 - Crude Petroleum and Natural Gas (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 443 | 21,321 | 3,565 | 15,617 | 16,283 | 17,198 | |||
| Cash and cash equivalents | 443 | 21,321 | 3,565 | 15,617 | 16,283 | 17,198 | |||
| Restricted cash and investments | 735 | ||||||||
| Receivables | 133,991 | 354,642 | 339,118 | 150,255 | 209,584 | 412,982 | |||
| Inventory, net of allowances, customer advances and progress billings | 19,846 | 27,156 | 6,147 | 9,657 | 6,984 | 9,715 | |||
| Inventory | 19,846 | 27,156 | 6,147 | 9,657 | 6,984 | 9,715 | |||
| Prepaid expense | 14,984 | 16,211 | 15,975 | 12,411 | 17,456 | 61,791 | |||
| Derivative instruments and hedges, assets | 252,524 | 154,474 | 95,002 | 84,657 | 247,794 | ||||
| Total current assets: | 421,788 | 573,804 | 459,807 | 273,332 | 498,101 | 501,686 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 7,362 | ✕ | |||||||
| Operating lease, right-of-use asset | 139,466 | 174,849 | 56,022 | 108,683 | 187,097 | ✕ | |||
| Property, plant and equipment | 7,342,633 | 7,096,509 | 6,989,483 | 7,025,545 | 7,136,575 | 6,942,444 | |||
| Long-term investments and receivables | 16,022 | 16,710 | 18,663 | ||||||
| Long-term investments | 16,022 | 16,710 | 18,663 | ||||||
| Intangible assets, net (including goodwill) | 393,752 | 400,304 | 406,857 | 413,409 | 893,006 | 899,559 | |||
| Goodwill | 323,314 | 323,314 | 323,314 | 323,314 | 796,359 | 796,359 | |||
| Intangible assets, net (excluding goodwill) | 70,438 | 76,990 | 83,543 | 90,095 | 96,647 | 103,200 | |||
| Derivative instruments and hedges | 280,530 | 244,931 | 131,994 | 188,237 | 314,096 | ||||
| Restricted cash and investments | 5,247 | ||||||||
| Other noncurrent assets | 25,376 | 56,588 | 11,289 | 15,221 | 229,818 | ||||
| Other undisclosed noncurrent assets | 41,126 | ||||||||
| Total noncurrent assets: | 8,204,869 | 7,941,969 | 7,640,944 | 7,768,432 | 8,562,705 | 8,090,484 | |||
| TOTAL ASSETS: | 8,626,657 | 8,515,773 | 8,100,751 | 8,041,764 | 9,060,806 | 8,592,170 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 380,575 | 481,834 | 409,483 | 316,958 | 419,134 | 515,978 | |||
| Accounts payable | 147,361 | 191,343 | 121,751 | 118,185 | 202,553 | 229,806 | |||
| Accrued liabilities | 233,214 | 290,491 | 287,732 | 198,773 | 216,581 | 286,172 | |||
| Debt | 327,530 | 881 | 555 | 29,450 | 7,164 | 6,997 | |||
| Derivative instruments and hedges, liabilities | 61,102 | 782,653 | 521,598 | 42,329 | 40,971 | ||||
| Other undisclosed current liabilities | 53,791 | 47,436 | 22,940 | 52,575 | 61,670 | ||||
| Total current liabilities: | 822,998 | 1,312,804 | 954,576 | 441,312 | 528,939 | 522,975 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 1,894,206 | 2,207,705 | 2,249,011 | 2,455,719 | 2,872,615 | 2,391,504 | |||
| Long-term debt, excluding current maturities | 1,888,706 | 2,205,735 | 2,214,121 | 2,401,427 | 2,754,443 | 2,378,205 | |||
| Capital lease obligations | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 13,299 | ||
| Finance lease, liability | 5,500 | 1,970 | 1,218 | 1,057 | 7,706 | ✕ | |||
| Liabilities, other than long-term debt | 1,548,436 | 2,044,803 | 1,196,891 | 722,296 | 696,943 | 229,257 | |||
| Asset retirement obligations | 105,315 | 89,079 | 88,859 | 84,712 | 63,377 | 37,479 | |||
| Deferred income tax liabilities | 729,454 | 232,280 | 328,601 | 466,253 | 476,108 | ✕ | |||
| Liability, pension and other postretirement and postemployment benefits | 31,991 | ||||||||
| Other liabilities | 97,582 | 74,318 | 92,077 | 44,041 | 42,320 | 159,787 | |||
| Operating lease, liability | 89,531 | 132,105 | 33,672 | 53,235 | 110,466 | ✕ | |||
| Derivative instruments and hedges, liabilities | 526,554 | 1,517,021 | 687,354 | 127,290 | 115,138 | ||||
| Other undisclosed noncurrent liabilities | 366,691 | ||||||||
| Total noncurrent liabilities: | 3,442,642 | 4,252,508 | 3,445,902 | 3,178,015 | 3,569,558 | 2,987,452 | |||
| Total liabilities: | 4,265,640 | 5,565,312 | 4,400,478 | 3,619,327 | 4,098,497 | 3,510,427 | |||
| Equity | |||||||||
| Equity, attributable to parent | 4,361,017 | 2,950,461 | 3,700,273 | 4,422,437 | 4,160,546 | 4,329,958 | |||
| Common stock | 1,548 | 1,712 | 2,039 | 2,208 | 1,870 | 1,990 | |||
| Additional paid in capital | 2,384,910 | 2,506,269 | 2,834,863 | 2,959,357 | 2,199,605 | 2,264,063 | |||
| Accumulated other comprehensive loss | (7,301) | (6,513) | (14,523) | (15,184) | (12,605) | (7,904) | |||
| Retained earnings | 1,981,860 | 448,993 | 877,894 | 1,476,056 | 1,971,676 | 2,071,809 | |||
| Equity, attributable to noncontrolling interest | 801,763 | 751,785 | |||||||
| Total equity: | 4,361,017 | 2,950,461 | 3,700,273 | 4,422,437 | 4,962,309 | 5,081,743 | |||
| TOTAL LIABILITIES AND EQUITY: | 8,626,657 | 8,515,773 | 8,100,751 | 8,041,764 | 9,060,806 | 8,592,170 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 3,434,948 | 1,261,211 | 756,792 | 1,257,978 | 1,922,449 | 1,730,434 | ||
| Cost of revenue | (19,914) | (151,517) | (158,431) | (163,065) | (126,292) | |||
| Gross profit: | 3,415,034 | 1,109,694 | 598,361 | 1,094,913 | 1,796,157 | 1,730,434 | ||
| Operating expenses | (1,192,109) | (1,321,641) | (1,234,874) | (1,697,744) | (1,736,473) | (1,226,963) | ||
| Other operating expense, net (Other Expenses) | (68,655) | (85,472) | ||||||
| Operating income (loss): | 2,222,925 | (211,947) | (705,168) | (688,303) | 59,684 | 503,471 | ||
| Nonoperating income (expense) | (19,914) | (151,517) | (158,431) | (163,065) | (126,292) | 595,197 | ||
| Other nonoperating income (expense) | (9,008) | (9,859) | (15,748) | (23,584) | (2,862) | 14,571 | ||
| Interest and debt expense | (143,278) | (22,953) | (184,893) | (160,705) | (7,614) | (54,118) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | 2,059,733 | (386,417) | (1,048,492) | (1,012,073) | (74,222) | 1,044,550 | ||
| Income (loss) from equity method investments | (688) | 2,103 | 5,363 | |||||
| Income (loss) from continuing operations before income taxes: | 2,059,733 | (386,417) | (1,048,492) | (1,012,761) | (72,119) | 1,049,913 | ||
| Income tax expense (benefit) | (502,209) | 69,870 | 137,870 | 174,087 | (27,736) | (215,557) | ||
| Other undisclosed income from continuing operations | 131,803 | 48,755 | ||||||
| Income (loss) from continuing operations: | 1,557,524 | (316,547) | (910,622) | (838,674) | 31,948 | 883,111 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (910,622) | (838,674) | 31,948 | 883,111 | |
| Other undisclosed net income | 163,192 | 174,470 | 411,979 | 409,930 | ||||
| Net income (loss): | 1,720,716 | (142,077) | (498,643) | (428,744) | 31,948 | 883,111 | ||
| Other undisclosed net income (loss) attributable to parent | (55,031) | (112,678) | (86,578) | |||||
| Net income (loss) available to common stockholders, basic: | 1,720,716 | (142,077) | (498,643) | (483,775) | (80,730) | 796,533 | ||
| Interest on convertible debt | 5,758 | |||||||
| Net income (loss) available to common stockholders, diluted: | 1,726,474 | (142,077) | (498,643) | (483,775) | (80,730) | 796,533 | ||
Comprehensive Income ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 1,720,716 | (142,077) | (498,643) | (428,744) | 31,948 | 883,111 | ||
| Other comprehensive income (loss) | (788) | 8,010 | 661 | (2,579) | (1,664) | 1,672 | ||
| Other undisclosed comprehensive loss | (3,037) | |||||||
| Comprehensive income (loss): | 1,719,928 | (134,067) | (497,982) | (431,323) | 27,247 | 884,783 | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (55,031) | (112,678) | (86,578) | |||||
| Other undisclosed comprehensive income, net of tax, attributable to parent | ||||||||
| Comprehensive income (loss), net of tax, attributable to parent: | 1,719,928 | (134,067) | (497,982) | (486,354) | (85,431) | 798,205 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.