Operating Segments was CNX Resources’s largest segment in fiscal 2024, bringing in $1.41B of $1.14B (123%).
| Segment | FY 2016 | FY 2018 | FY 2019 | FY 2021 | FY 2022 | FY 2023 | FY 2024 |
|---|---|---|---|---|---|---|---|
| Operating Segments | $1.58B | $1.73B | $1.39B | $1.41B | |||
| Other | — | -$645.67M | $1.90B | -$267.76M | |||
| Total | $1.58B | $1.09B | $3.29B | $1.14B |
CNX Resources brought in $1.14B from its two segments in fiscal 2024, the year ended December 31, 2024. That is less than the $1.53B it reports by statement business segments, so these segments do not cover all of its revenue. Operating Segments was the largest at $1.41B (123.5%).
CNX Resources began breaking out Other in fiscal 2022, when it brought in -$645.67M. The total is net of Other, which took $267.76M off revenue in fiscal 2024.
Shale was CNX Resources’s largest segment in fiscal 2024, bringing in $1.41B of $1.53B (92%).
| Statement Business Segments | FY 2008 | FY 2009 | FY 2010 | FY 2011 | FY 2012 | FY 2013 | FY 2014 | FY 2016 | FY 2018 | FY 2019 | FY 2021 | FY 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Exploration & Production | $1.58B | — | ||||||||||
| Shale | — | $1.41B | ||||||||||
| Coal | — | — | ||||||||||
| Gas | — | — | ||||||||||
| Marcellus Shale | — | — | ||||||||||
| Other Segments | — | — | ||||||||||
| All Other Segments | — | — | ||||||||||
| Utica Shale | — | — | ||||||||||
| Coalbed Methane | — | $125.79M | ||||||||||
| Other Gas | — | — | ||||||||||
| Total | $1.58B | $1.53B |
CNX Resources brought in $1.53B from its two segments in fiscal 2024, the year ended December 31, 2024. CNX Resources regrouped these segments after fiscal 2021, so the total does not compare directly with that year's $1.58B. Shale was the largest at $1.41B (91.8%), ahead of Coalbed Methane at $125.79M (8.2%).
CNX Resources began breaking out Shale in fiscal 2024, when it brought in $1.41B. CNX Resources stopped reporting Exploration & Production as a separate segment after fiscal 2021, when it brought in $1.58B.
Other Subsidiary Guarantors was CNX Resources’s largest revenue line in fiscal 2013, bringing in $31.88M of $35.44M (90%).
| Legal Entity | FY 2008 | FY 2009 | FY 2010 | FY 2013 |
|---|---|---|---|---|
| Other Subsidiary Guarantors | $4.00B | $31.88M | ||
| Cnx Gas Guarantor | $745.81M | — | ||
| Non-Guarantors | $196.12M | — | ||
| Cnx Coal Resources Lp | — | $3.56M | ||
| Elimination | -$6.01M | — | ||
| Total | $4.94B | $35.44M |
CNX Resources brought in $35.44M from its two revenue lines in fiscal 2013, the year ended December 31, 2013. CNX Resources regrouped these revenue lines after fiscal 2010, so the total does not compare directly with that year's $4.94B. Other Subsidiary Guarantors was the largest at $31.88M (90.0%), ahead of Cnx Coal Resources Lp at $3.56M (10.0%).
CNX Resources began breaking out Cnx Coal Resources Lp in fiscal 2013, when it brought in $3.56M. CNX Resources stopped reporting Cnx Gas Guarantor ($745.81M in fiscal 2010) and Non-Guarantors ($196.12M in fiscal 2010) as separate revenue lines.
CNX Resources (CNX) reports its revenue by segment, by statement business segments and by legal entity. In fiscal 2024, Operating Segments was its largest segment, bringing in $1.41B (123.5% of the total).
Operating Segments was CNX Resources' largest segment in fiscal 2024, bringing in $1.41B, or 123.5% of the $1.14B total across its two segments.
Other Subsidiary Guarantors was CNX Resources' largest revenue line in fiscal 2013, bringing in $31.88M, or 90.0% of the $35.44M total across its two revenue lines.
Every figure comes from CNX Resources' annual financial filings, as reported. Each line keeps the name CNX Resources gives it, and years follow its fiscal calendar.
CNX Resources' revenue by segment goes back to fiscal 2016, with figures through fiscal 2024. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.