CNX Resources Corp

CNX Resources reported second-quarter revenue of $618.5 million, beating analyst estimates by 29.2% and growing 29.2% year on year, while adjusted earnings per share of $0.71 also topped forecasts. The natural gas producer benefited from monetization of federal 45Z tax credits, which now have an annual run rate of approximately $40 million following regulatory clarifications, and combined with state environmental attribute sales the company targets a $90 million annual run rate from these sources. Management highlighted disciplined capital allocation, with flexibility for share buybacks, and operational gains including drilling efficiency records in the Utica shale. The company is timing well completions in the Marcellus and Utica plays to capture seasonal price peaks, with major pads coming online in the third and fourth quarters. Full-year capital spending remains within prior guidance, with recent increases attributed to activity timing rather than cost inflation.

Longleaf Partners Fund stated in its second-quarter 2026 investor letter that the recent pullback in CNX Resources Corporation shares represents a buying opportunity. The fund noted that CNX reported another solid quarter and continues to focus on steadily growing free cash flow per share and value per share. While the stock did not rally as strongly as some less conservatively financed energy peers earlier in the year, the fund highlighted that CNX has been one of its best share repurchasers over the last several years. The fund trimmed its position when energy stocks surged after the Iran War but has recently added back to CNX at better prices.

StockStory highlights two value stocks with compelling risk-reward profiles and one to avoid. Lennar is flagged as a value trap due to a 9.2% average decline in backlog, an 8.9% annual drop in earnings per share over five years, and shrinking returns on capital, trading at a forward P/E of 13.3x. CNX Resources stands out with a 68% gross margin, a 1.9 percentage point EBITDA margin improvement over five years, and strong free cash flow, trading at a forward P/E of 12.1x. California Resources is favored for its 17.3% annual revenue growth over five years, 57.2% gross margin, and 12.9% free cash flow margin, trading at a forward P/E of 7.7x.

StockStory identified Five Below, Alignment Healthcare, and CNX Resources as three growth stocks with strong competitive advantages and explosive upside potential. Five Below, the discount retailer, posted 25.9% annual revenue growth and averaged 8% same-store sales growth over two years, with expected revenue growth of 10% in the next 12 months. Alignment Healthcare, a Medicare Advantage provider, achieved 41.8% annual revenue growth and 45.4% over two years, while its earnings per share grew 28.5% annually over four years and free cash flow margin expanded by 11 percentage points over five years. CNX Resources, a natural gas producer, reported 15% revenue growth, a 68% gross margin, and a 23.4% free cash flow margin, with EBITDA profits rising over five years due to improved efficiency.

Shares of natural gas producer CNX Resources jumped 2.7% in afternoon trading after natural gas futures rallied to a 20-week high amid forecasts for hotter summer weather across the United States. The price of natural gas, a key revenue driver for CNX, climbed as forecasted heatwaves were expected to increase demand for gas-fired electricity generation, with strong liquefied natural gas export flows and rising European gas prices also providing support. The positive momentum in the commodity market lifted shares of gas producers, even as some analysts maintained a cautious outlook on CNX Resources, with one firm setting a price target in the previous session that implied potential downside. After the initial pop, the shares cooled down to $34.09, up 2.4% from the previous close.