stockrowCNX Resources Corporation.
CNX Energy Oil & Gas E&P
CNX Resources Corporation.’s revenue for fiscal 2025 (year ended December 2025) was $2.2 billion, up 76.8% from fiscal 2024.
- Revenue
- −0.66%
- EPS
- −22.0%
- Free cash flow
- −27.3%
- Total debt
- −11.4%
Quarter to September 2026, against a year earlier
Follow CNX
Alert me
CNX Resources Corporation. (CNX) Altman Z-score
CNX Resources Corporation.'s Altman Z-score for fiscal 2025 is 1.45, in the distress zone (below 1.81).
Altman Z-score, annual
Embed this chart
Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 1.45 | 0.36 |
| FY2024 | 1.09 | (0.89) |
| FY2023 | 1.98 | 1.54 |
| FY2022 | 0.44 | 0.06 |
| FY2021 | 0.38 | (0.18) |
| FY2020 | 0.56 | (0.26) |
| FY2019 | 0.83 | (0.30) |
| FY2018 | 1.12 | (0.16) |
| FY2017 | 1.28 | 0.72 |
| FY2016 | 0.57 | 0.28 |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | (0.07) | — | −0.08 | |
| Retained earnings / total assets | 0.22 | — | 0.31 | |
| EBIT / total assets | 0.10 | — | 0.32 | |
| Market value of equity / total liabilities | 1.09 | — | 0.66 | |
| Sales / total assets | 0.25 | — | 0.25 | |
| Altman Z-score | Distress zone | 1.45 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Grey zone | 1.87 | ||
Z and Z″ put CNX Resources Corporation. in different zones: distress zone by Z, grey zone by Z″.
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| MGY Magnolia Oil & Gas Corp compare | 4.2× |
| VIST Vista Energy, S.A.B. de C.V. - Sponsored ADR compare | 1.9× |
| MUR Murphy Oil Corporation compare | 1.9× |
| CRK Comstock Resources, Inc. compare | 1.8× |
| LB LandBridge Company LLC compare | 1.8× |
| CRC California Resources Corporation compare | 1.7× |
| MTDR Matador Resources Company compare | 1.6× |
| CNX CNX Resources Corporation. | 1.4× |
| CRGY Crescent Energy Company compare | — |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets