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CNX Resources CNX Shale — Lease Operating Expense

Other segment segments

Coalbed Methane
$6.03M+1.0%

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Other financials

Income statement

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Revenue$786.7M+855%
Net income$348.1M+276%
EPS (diluted)$2.18+263%

Balance sheet

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Cash & equivalents$3.7M+43.3%
Total debt$2.5B-9.2%
Total equity$4.6B+22.7%
Total assets$9.1B+0.9%

Cash flow

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Operating cash flow$277.5M+28.7%
CapEx$169.9M+29.2%
Free cash flow$107.6M+27.8%

Valuation

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Market cap$5.2B+26.5%
Enterprise value$7.73B+13.0%
P/E4.4×-22.0×
P/S1.8×-0.8×

Profitability

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Net margin40.1%+28.0pp
FCF margin18.9%-16.6pp

Returns & leverage

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Return on equity28.1%+23.3pp
Debt / equity0.5×-0.2×
Current ratio0.5×+0.2×

Where this comes from

Reported directly by CNX Resources in its filing.

Tagged under the XBRL concept us-gaap:OperatingLeaseExpense.

The source filing: CNX Resources’s 10-Q, filed April 30, 2026.

Filed
Apr 30, 2026, 12:49 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001070412-26-000047
Line itemShaleCoalbed MethaneOtherConsolidated
Purchased Gas Revenue12,68712,687
Other Revenue and Operating Income16,36931,57347,942
Total Revenue and Other Operating Income$470,929$45,564$270,161$786,654
Lease Operating Expense15,5426,02620221,770
Transportation, Gathering and Compression86,77615,995(370)102,401
Production, Ad Valorem, and Other Fees6,5642,212138,789
Depreciation, Depletion and Amortization112,96414,4167,233134,613
Interest Expense40,47040,470

ITEM 1.CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FAQ

What is CNX Resources's shale — lease operating expense?
CNX Resources (CNX) reported shale — lease operating expense of $15.54M in Q1 2026.
How has CNX Resources's shale — lease operating expense changed year-over-year?
CNX Resources's shale — lease operating expense decreased by 9.7% year-over-year, from $17.22M to $15.54M.
What is the long-term trend for CNX Resources's shale — lease operating expense?
Over 3 years (2022 to 2025), CNX Resources's shale — lease operating expense has grown at a 13.9% compound annual growth rate (CAGR), from $49.59M to $73.3M.
What does shale — lease operating expense mean?
This includes the direct costs associated with operating and maintaining natural gas wells and related production facilities within the shale segment. These expenses typically cover labor, maintenance, utilities, and routine field operations necessary to sustain production. It is a key metric for evaluating the operational efficiency and cost-control discipline of the shale business.

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