公司概述
CNX Resources Corporation operates as an independent natural gas and midstream entity focused on the acquisition, exploration, development, and production of natural gas properties within the Appalachian Basin. The company executes its strategy across two distinct operational segments, specifically Shale and Coalbed Methane (CBM), while engaging in the production and sale of pipeline natural gas. This enterprise falls under the Energy sector within the Oil & Gas E&P industry, positioning it as a key player in the extraction and delivery of hydrocarbon resources. In terms of scale, the company holds a market capitalization of $5.53B, generates annual revenue of $2.07B, and employs 390 individuals. These valuation and revenue figures indicate that CNX Resources Corporation possesses significant market weight, suggesting a substantial operational footprint and established presence in the competitive energy landscape of the Appalachian region.
财务健康
The company reported total revenue of $2.07B and net income of $633.16M over the trailing twelve months, with EBITDA reaching $1.46B. The substantial gap between revenue of $2.07B and net income of $633.16M reveals a cost structure that allows the company to retain over 30% of top-line sales as profit, reflecting efficient operational leverage in its gas production activities. Free cash flow stands at $549.84M, indicating that the company generates sufficient cash from operations to cover capital expenditures and potentially fund future growth initiatives or debt servicing without relying on external financing. The gross margin is 73.1%, which signifies a high-margin business model typical of commodity extraction where low variable costs relative to sales price drive profitability. The operating margin of 57.9% further demonstrates efficient management of core business expenses before interest and taxes, while the profit margin of 30.7% confirms the company's ability to convert operating earnings into bottom-line income. In terms of liquidity management, total cash on hand is $779,000, whereas total debt stands at $2.60B, resulting in a debt-to-equity ratio of 60.06. This balance sheet composition indicates a leveraged position where debt obligations significantly exceed liquid cash reserves, relying on operating cash flows for repayment. The current ratio is 0.44, which suggests that the company's current assets are less than its current liabilities, indicating potential short-term liquidity pressure that must be managed through operational cash generation. Return on equity is 15.0%, demonstrating effective use of shareholder capital to generate profits, while return on assets is 6.3%, showing the overall efficiency of asset deployment relative to total revenue generation.
估值评估
The trailing twelve-month P/E ratio is 9.75, while the forward P/E is 9.32. The slight decrease from 9.75 to 9.32 implies that the market expects earnings to grow marginally or remain stable in the coming period, resulting in a lower multiple required to justify future profits. The price-to-book ratio is 1.28, indicating that the market values the company at a premium of 28% over its net asset book value, reflecting intangible value such as resource reserves and brand equity. The price-to-sales ratio is 2.68, and the EV/EBITDA is 5.56; these alternative valuation metrics suggest that the company is valued moderately relative to its sales volume and enterprise earnings, offering a comparative perspective against peers in the midstream and shale sectors. The 52-week high is $43.62 and the 52-week low is $27.68. Without the specific current share price, the exact trading position relative to this range cannot be calculated, but the spread between these levels defines the volatility envelope within which the stock has traded over the past year. The beta is 0.65, which indicates that the stock price exhibits lower volatility relative to the broader market, moving approximately 35% less than the market index during periods of systemic risk or gain.
Growth & Income
Revenue growth year-over-year is 41.2%, while earnings growth year-over-year is listed as N/A. The absence of reported earnings growth data prevents a direct comparison of earnings velocity against revenue expansion, but the significant 41.2% revenue increase highlights a rapid expansion in sales volume or pricing power within the shale and CBM segments. As the dividend yield is N/A and the payout ratio is 0.0%, the company does not distribute cash to shareholders through dividends. Instead, the company reinvests its earnings and free cash flow into operational growth, capital expansion, or debt reduction rather than providing income to investors. The overall growth profile is characterized by substantial top-line expansion driven by the 41.2% revenue increase, while the income profile relies on retained earnings rather than dividend distributions, aligning with a growth-oriented capital allocation strategy typical of mid-stage resource companies.