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AI brief of an SEC Form 8-K · CNX Resources (CNX)

CNX Resources swings to $432.5 million Q2 net income on derivative gains

Positive Impact 4 of 5 earnings Written later

CNX Resources reported second quarter 2025 results in Exhibit 99.1 of this 8-K. Net income was $432.5 million, or $2.53 per diluted share, compared with a net loss of $197.7 million, or $1.34 per share, in the first quarter, mainly because of a $421.1 million gain on commodity derivative instruments. The company kept its 2025 adjusted EBITDAX and total free cash flow guidance unchanged, narrowed its production guidance, and raised its free cash flow per share guidance to about $4.07 from about $3.97.

Key points

  • Q2 2025 net income was $432.5 million (diluted EPS $2.53) versus a Q1 2025 net loss of $197.7 million (EPS of $(1.34))
  • Natural gas, NGL and oil revenue fell to $485.0 million from $551.1 million in Q1 2025; adjusted net income was $100 million versus $116 million in Q1
  • 2025 production guidance narrowed to 615 to 620 Bcfe from 605 to 620 Bcfe; adjusted EBITDAX guidance stayed at $1,225 to $1,275 million
  • Free cash flow per share guidance rose to about $4.07 from about $3.97, based on 141,418,560 shares outstanding as of 7/15/2025

The filing

CompanyCNX Resources (CNX)
Form8-K, current report
Filed with the SECJul 24, 2025, 6:48 AM ET
Accession number0001070412-25-000088

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:59 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 24, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.