CNX Resources Corp (CNX) - Net Assets
Based on the latest financial reports, CNX Resources Corp (CNX) has net assets worth $4.34 Billion USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($9.09 Billion) and total liabilities ($4.76 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check CNX asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $4.34 Billion |
| % of Total Assets | 47.69% |
| Annual Growth Rate | 9.97% |
| 5-Year Change | 17.21% |
| 10-Year Change | 10.05% |
| Growth Volatility | 45.1 |
CNX Resources Corp - Net Assets Trend (1997–2025)
This chart illustrates how CNX Resources Corp's net assets have evolved over time, based on quarterly financial data. Also explore CNX Resources Corp assets under control for the complete picture of this company's asset base.
Annual Net Assets for CNX Resources Corp (1997–2025)
The table below shows the annual net assets of CNX Resources Corp from 1997 to 2025. For live valuation and market cap data, see CNX Resources Corp (CNX) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $4.34 Billion | +5.83% |
| 2024-12-31 | $4.10 Billion | -6.03% |
| 2023-12-31 | $4.36 Billion | +47.81% |
| 2022-12-31 | $2.95 Billion | -20.26% |
| 2021-12-31 | $3.70 Billion | -16.33% |
| 2020-12-31 | $4.42 Billion | -10.88% |
| 2019-12-31 | $4.96 Billion | -2.35% |
| 2018-12-31 | $5.08 Billion | +30.30% |
| 2017-12-31 | $3.90 Billion | -1.04% |
| 2016-12-31 | $3.94 Billion | -18.84% |
| 2015-12-31 | $4.86 Billion | -8.81% |
| 2014-12-31 | $5.32 Billion | +6.36% |
| 2013-12-31 | $5.01 Billion | +26.62% |
| 2012-12-31 | $3.95 Billion | +9.50% |
| 2011-12-31 | $3.61 Billion | +22.99% |
| 2010-12-31 | $2.94 Billion | +45.03% |
| 2009-12-31 | $2.02 Billion | +20.91% |
| 2008-12-31 | $1.67 Billion | +21.55% |
| 2007-12-31 | $1.38 Billion | +14.62% |
| 2006-12-31 | $1.20 Billion | +7.42% |
| 2005-12-31 | $1.12 Billion | +138.54% |
| 2004-12-31 | $469.02 Million | +61.38% |
| 2003-12-31 | $290.64 Million | +79.35% |
| 2002-12-31 | $162.05 Million | -40.33% |
| 2001-12-31 | $271.56 Million | +6.84% |
| 2000-12-31 | $254.18 Million | +2.16% |
| 1999-12-31 | $248.80 Million | +341.09% |
| 1998-12-31 | $-103.20 Million | -134.09% |
| 1997-12-31 | $302.76 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to CNX Resources Corp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 248446800000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $1.98 Billion | 45.75% |
| Common Stock | $1.43 Million | 0.03% |
| Other Comprehensive Income | $-5.68 Million | -0.13% |
| Other Components | $2.36 Billion | 54.35% |
| Total Equity | $4.34 Billion | 100.00% |
CNX Resources Corp Competitors by Market Cap
The table below lists competitors of CNX Resources Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Genpact Limited
F:35G
|
$5.38 Billion |
|
BRF SA ADR
NYSE:BRFS
|
$5.38 Billion |
|
Jfrog Ltd
NASDAQ:FROG
|
$5.39 Billion |
|
Credit Acceptance Corporation
NASDAQ:CACC
|
$5.39 Billion |
|
Oberbank AG
VI:OBS
|
$5.38 Billion |
|
Atlantic Union Bankshares Corp
NYSE:AUB
|
$5.37 Billion |
|
Maha Properti Indonesia Tbk PT
JK:MPRO
|
$5.37 Billion |
|
Blue Owl Capital Corporation
NYSE:OBDC
|
$5.37 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in CNX Resources Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 4,098,030,000 to 4,337,016,000, a change of 238,986,000 (5.8%).
- Net income of 633,162,000 contributed positively to equity growth.
- Share repurchases of 523,561,000 reduced equity.
- New share issuances of 2,094,000 increased equity.
- Other comprehensive income increased equity by 33,000.
- Other factors increased equity by 127,258,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $633.16 Million | +14.6% |
| Share Repurchases | $523.56 Million | -12.07% |
| Share Issuances | $2.09 Million | +0.05% |
| Other Comprehensive Income | $33.00K | +0.0% |
| Other Changes | $127.26 Million | +2.93% |
| Total Change | $- | 5.83% |
Book Value vs Market Value Analysis
This analysis compares CNX Resources Corp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.40x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 27.23x to 1.40x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1997-12-31 | $1.39 | $37.88 | x |
| 1998-12-31 | $-0.51 | $37.88 | x |
| 1999-12-31 | $1.93 | $37.88 | x |
| 2000-12-31 | $1.60 | $37.88 | x |
| 2001-12-31 | $1.72 | $37.88 | x |
| 2002-12-31 | $1.03 | $37.88 | x |
| 2003-12-31 | $1.78 | $37.88 | x |
| 2004-12-31 | $2.57 | $37.88 | x |
| 2005-12-31 | $5.53 | $37.88 | x |
| 2006-12-31 | $5.74 | $37.88 | x |
| 2007-12-31 | $6.59 | $37.88 | x |
| 2008-12-31 | $7.92 | $37.88 | x |
| 2009-12-31 | $9.77 | $37.88 | x |
| 2010-12-31 | $13.57 | $37.88 | x |
| 2011-12-31 | $15.77 | $37.88 | x |
| 2012-12-31 | $17.25 | $37.88 | x |
| 2013-12-31 | $21.76 | $37.88 | x |
| 2014-12-31 | $22.99 | $37.88 | x |
| 2015-12-31 | $20.52 | $37.88 | x |
| 2016-12-31 | $16.56 | $37.88 | x |
| 2017-12-31 | $16.89 | $37.88 | x |
| 2018-12-31 | $20.17 | $37.88 | x |
| 2019-12-31 | $21.81 | $37.88 | x |
| 2020-12-31 | $22.20 | $37.88 | x |
| 2021-12-31 | $17.13 | $37.88 | x |
| 2022-12-31 | $15.57 | $37.88 | x |
| 2023-12-31 | $22.71 | $37.88 | x |
| 2024-12-31 | $27.08 | $37.88 | x |
| 2025-12-31 | $27.05 | $37.88 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently CNX Resources Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 14.60%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 29.55%
- • Asset Turnover: 0.24x
- • Equity Multiplier: 2.10x
- Recent ROE (14.60%) is below the historical average (16.04%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1997 | 60.70% | 7.82% | 0.66x | 11.72x | $153.51 Million |
| 1998 | 0.00% | 7.43% | 0.61x | 0.00x | $184.92 Million |
| 1999 | 16.08% | 3.60% | 0.30x | 15.05x | $15.12 Million |
| 2000 | 42.11% | 4.96% | 0.56x | 15.21x | $81.62 Million |
| 2001 | 67.63% | 7.75% | 0.55x | 15.83x | $156.49 Million |
| 2002 | 7.21% | 0.53% | 0.51x | 26.49x | $-4.53 Million |
| 2003 | -2.68% | -0.35% | 0.51x | 14.86x | $-36.86 Million |
| 2004 | 24.56% | 4.15% | 0.66x | 8.95x | $68.31 Million |
| 2005 | 56.65% | 15.24% | 0.75x | 4.96x | $478.33 Million |
| 2006 | 38.35% | 11.01% | 0.66x | 5.31x | $302.27 Million |
| 2007 | 22.05% | 7.12% | 0.61x | 5.11x | $146.34 Million |
| 2008 | 30.26% | 9.51% | 0.63x | 5.04x | $296.25 Million |
| 2009 | 30.23% | 11.68% | 0.60x | 4.33x | $361.16 Million |
| 2010 | 11.78% | 6.62% | 0.43x | 4.10x | $52.33 Million |
| 2011 | 17.52% | 10.34% | 0.49x | 3.47x | $271.41 Million |
| 2012 | 8.05% | 9.94% | 0.25x | 3.20x | $-77.02 Million |
| 2013 | 13.19% | 21.77% | 0.27x | 2.28x | $159.81 Million |
| 2014 | 3.06% | 5.51% | 0.25x | 2.21x | $-369.40 Million |
| 2015 | -7.97% | -49.92% | 0.07x | 2.32x | $-845.09 Million |
| 2016 | -22.33% | -100.02% | 0.09x | 2.42x | $-1.23 Billion |
| 2017 | 9.76% | 30.50% | 0.18x | 1.78x | $-9.24 Million |
| 2018 | 18.40% | 45.38% | 0.20x | 1.98x | $363.54 Million |
| 2019 | -1.94% | -5.23% | 0.17x | 2.18x | $-496.78 Million |
| 2020 | -10.94% | -44.56% | 0.14x | 1.82x | $-926.02 Million |
| 2021 | -13.48% | -20.92% | 0.29x | 2.19x | $-868.67 Million |
| 2022 | -4.82% | -3.62% | 0.46x | 2.89x | $-437.12 Million |
| 2023 | 39.46% | 117.64% | 0.17x | 1.98x | $1.28 Billion |
| 2024 | -2.21% | -6.72% | 0.16x | 2.08x | $-500.30 Million |
| 2025 | 14.60% | 29.55% | 0.24x | 2.10x | $199.46 Million |
Industry Comparison
This section compares CNX Resources Corp's net assets metrics with peer companies in the Oil & Gas E&P industry.
Industry Context
- Industry: Oil & Gas E&P
- Average net assets among peers: $1,401,223,882
- Average return on equity (ROE) among peers: 0.04%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| CNX Resources Corp (CNX) | $4.34 Billion | 60.70% | 1.10x | $5.38 Billion |
| Amplify Energy Corp (AMPY) | $643.58 Million | -23.32% | 1.61x | $225.45 Million |
| AleAnna, Inc. Class A Common Stock (ANNA) | $-14.85 Million | 0.00% | 0.00x | $105.31 Million |
| APA Corporation (APA) | $816.20 Million | 5.24% | 1.30x | $9.63 Billion |
| Antero Resources Corp (AR) | $5.47 Billion | 12.31% | 1.11x | $10.72 Billion |
| Battalion Oil Corp (BATL) | $1.20 Billion | 3.84% | 0.74x | $41.80 Million |
| BKV Corporation (BKV) | $985.14 Million | -4.40% | 0.36x | $3.02 Billion |
| Barnwell Industries Inc (BRN) | $10.40 Million | 6.73% | 1.77x | $11.33 Million |
| Berry Petroleum Corp (BRY) | $153.15 Million | 14.32% | 0.52x | $253.00 Million |
| Black Stone Minerals LP (BSM) | $910.65 Million | -10.99% | 0.17x | $2.98 Billion |
| Chord Energy Corp (CHRD) | $3.84 Billion | -3.34% | 0.95x | $5.96 Billion |
About CNX Resources Corp
CNX Resources Corporation, an independent natural gas and midstream company, engages in the acquisition, exploration, development, and production of natural gas properties in the Appalachian Basin. The company operates in two segments, Shale and Coalbed Methane (CBM). It produces and sells pipeline quality natural gas primarily for gas wholesalers. The company owns rights to extract natural gas f… Read more