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CNX Resources Valuation Multiples
Discover revenue and EBITDA valuation multiples for CNX Resources and similar public comparables like Murphy Oil, Ampol, Mercury NZ, ADES Holding and more.
CNX Resources Overview
About CNX Resources
CNX Resources Corp is an independent natural gas development, production, midstream and technology company centered in the Appalachian Basin. It is focused on unconventional shale formations, prominently the Marcellus Shale and Utica Shale, in Pennsylvania, Ohio and West Virginia. Additionally, the company operates and develops Coalbed Methane (CBM) properties in Virginia. the company has two reportable segments: Shale and Coalbed Methane. The majority of the company's revenue is derived from the Shale segment.
Founded
1991
HQ
Employees
390
Website
Sectors
Financials (LTM)
EV
$8B
CNX Resources Financials
CNX Resources reported last 12-month revenue of $2B and EBITDA of $1B.
In the same LTM period, CNX Resources generated $1B in EBITDA and $407M in net income.
Revenue (LTM)
CNX Resources P&L
In the most recent fiscal year, CNX Resources reported revenue of $2B and EBITDA of $2B.
CNX Resources expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $2B | XXX | $2B | XXX | XXX | XXX |
| Gross Profit | — | XXX | $1B | XXX | XXX | XXX |
| Gross Margin | — | XXX | 45% | XXX | XXX | XXX |
| EBITDA | $1B | XXX | $2B | XXX | XXX | XXX |
| EBITDA Margin | 58% | XXX | 69% | XXX | XXX | XXX |
| EBIT Margin | 34% | XXX | 35% | XXX | XXX | XXX |
| Net Profit | $407M | XXX | $633M | XXX | XXX | XXX |
| Net Margin | 19% | XXX | 28% | XXX | XXX | XXX |
| Net Debt | — | — | $2B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
CNX Resources Stock Performance
CNX Resources has current market cap of $6B, and enterprise value of $8B.
Market Cap Evolution
CNX Resources' stock price is $39.76.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $8B | $6B | 1.0% | XXX | XXX | XXX | $4.46 |
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Start Free TrialCNX Resources Valuation Multiples
CNX Resources trades at 3.8x EV/Revenue multiple, and 6.5x EV/EBITDA.
EV / Revenue (LTM)
CNX Resources Financial Valuation Multiples
As of April 17, 2026, CNX Resources has market cap of $6B and EV of $8B.
Equity research analysts estimate CNX Resources' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
CNX Resources has a P/E ratio of 13.9x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $6B | XXX | $6B | XXX | XXX | XXX |
| EV (current) | $8B | XXX | $8B | XXX | XXX | XXX |
| EV/Revenue | 3.8x | XXX | 3.7x | XXX | XXX | XXX |
| EV/EBITDA | 6.5x | XXX | 5.3x | XXX | XXX | XXX |
| EV/EBIT | 11.0x | XXX | 10.5x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 8.2x | XXX | XXX | XXX |
| P/E | 13.9x | XXX | 8.9x | XXX | XXX | XXX |
| EV/FCF | 13.1x | XXX | 12.8x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified CNX Resources Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
CNX Resources Margins & Growth Rates
CNX Resources' revenue in the last 12 month declined by (3%).
CNX Resources' revenue per employee in the last FY averaged $5.7M, while opex per employee averaged $0.6M for the same period.
CNX Resources' rule of 40 is 61% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
CNX Resources' rule of X is 54% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
CNX Resources Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | (3%) | XXX | (9%) | XXX | XXX | XXX |
| EBITDA Margin | 58% | XXX | 69% | XXX | XXX | XXX |
| EBITDA Growth | 10% | XXX | (14%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 61% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 54% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $5.7M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.6M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 0% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 6% | XXX | 6% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 10% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
CNX Resources Public Comps
See public comps and valuation multiples for other Oil & Gas and Energy Production comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| CNX Resources | XXX | XXX | XXX | XXX | XXX | XXX |
| Murphy Oil | XXX | XXX | XXX | XXX | XXX | XXX |
| Ampol | XXX | XXX | XXX | XXX | XXX | XXX |
| Mercury NZ | XXX | XXX | XXX | XXX | XXX | XXX |
| ADES Holding | XXX | XXX | XXX | XXX | XXX | XXX |
| Contact Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
CNX Resources M&A Activity
CNX Resources acquired XXX companies to date.
Last acquisition by CNX Resources was on XXXXXXXX, XXXXX. CNX Resources acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by CNX Resources
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialCNX Resources Investment Activity
CNX Resources invested in XXX companies to date.
CNX Resources made its latest investment on XXXXXXXX, XXXXX. CNX Resources invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by CNX Resources
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout CNX Resources
| When was CNX Resources founded? | CNX Resources was founded in 1991. |
| Where is CNX Resources headquartered? | CNX Resources is headquartered in United States. |
| How many employees does CNX Resources have? | As of today, CNX Resources has over 390 employees. |
| Who is the CEO of CNX Resources? | CNX Resources' CEO is Alan K. Shepard. |
| Is CNX Resources publicly listed? | Yes, CNX Resources is a public company listed on NYSE. |
| What is the stock symbol of CNX Resources? | CNX Resources trades under CNX ticker. |
| When did CNX Resources go public? | CNX Resources went public in 1999. |
| Who are competitors of CNX Resources? | CNX Resources main competitors are Murphy Oil, Ampol, Mercury NZ, ADES Holding. |
| What is the current market cap of CNX Resources? | CNX Resources' current market cap is $6B. |
| What is the current revenue of CNX Resources? | CNX Resources' last 12 months revenue is $2B. |
| What is the current revenue growth of CNX Resources? | CNX Resources revenue growth (NTM/LTM) is (3%). |
| What is the current EV/Revenue multiple of CNX Resources? | Current revenue multiple of CNX Resources is 3.8x. |
| Is CNX Resources profitable? | Yes, CNX Resources is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of CNX Resources? | CNX Resources' last 12 months EBITDA is $1B. |
| What is CNX Resources' EBITDA margin? | CNX Resources' last 12 months EBITDA margin is 58%. |
| What is the current EV/EBITDA multiple of CNX Resources? | Current EBITDA multiple of CNX Resources is 6.5x. |
| What is the current FCF of CNX Resources? | CNX Resources' last 12 months FCF is $632M. |
| What is CNX Resources' FCF margin? | CNX Resources' last 12 months FCF margin is 29%. |
| What is the current EV/FCF multiple of CNX Resources? | Current FCF multiple of CNX Resources is 13.1x. |
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