CNX Resources Corp (CNX)

AI-Powered SEC Filing Analysis

Insider Trading Filed: 2026-05-06

Key Insights

  • Director William N. Thorndike Jr. exercised 83,097 stock options at $13.1857 per share on 05/04/2026, representing a significant in-the-money exercise with current stock trading well above the strike price (~$38.25 based on sale prices).
  • Immediately following the option exercise, Thorndike sold 28,800 shares at a weighted average price of $38.2481, suggesting a cashless exercise or partial profit-taking strategy rather than a strong conviction buy signal.
  • After the transaction, Thorndike maintains direct beneficial ownership of 426,585 shares plus indirect ownership of 85,000 shares (through third-party account and trust), indicating substantial ongoing stake in CNX Resources despite the recent sale.
  • The stock option exercised reflects an anti-dilution adjustment from CNX's 2017 spin-off from CONSOL Energy, and vested on 05/09/2017, suggesting this is a legacy equity award being realized after significant appreciation.
Quarterly Report Filed: 2026-04-30

Key Insights

  • The filing shows CNX Resources' Q1 2026 financial position with detailed segment reporting across Oil & Gas Exploration and Production, natural gas gathering/transportation, and purchased gas operations, indicating a diversified operational structure.
  • Multiple debt instruments are outstanding including convertible senior notes due 2026 and senior notes due January 2029, along with revolving credit facilities, which represent significant financing obligations requiring close monitoring for refinancing needs.
  • The filing contains extensive disclosures on employee equity compensation plans including stock options, restricted stock units, and performance share units, suggesting the company is using equity incentives for talent retention.
  • The truncated nature of the document prevents assessment of full Q1 2026 operating results, revenue trends, production volumes, and margin performance which are critical for investment analysis.
Current Report Filed: 2026-04-30

Key Insights

  • CNX Resources released Q1 2026 earnings results on April 30, 2026, disclosing financial and operational performance through a website posting and attached supplemental information.
  • The filing is a routine 8-K disclosure of quarterly results with no material agreements, leadership changes, or significant corporate events mentioned that would indicate material developments.
  • All disclosed information is furnished but not filed, meaning it is not subject to Section 18 liabilities and will not be incorporated into other SEC filings unless specifically referenced.
Insider Trading Filed: 2026-03-25

Key Insights

  • Maureen Lally-Green, a director of CNX Resources Corp, exercised 29,915 stock options and immediately sold 23,631 common shares on March 23, 2026.
  • The sale of shares was executed at a weighted average price of $39.5143, with some shares sold at prices ranging from $39.00 to $39.98.
  • Following the transaction, Lally-Green now directly owns 169,577 common shares, including 6,762 restricted stock units and 11,031 deferred stock units.
Current Report Filed: 2026-02-26

Key Insights

  • CNX Resources Corporation completed a private offering of $500 million aggregate principal amount of 5.875% senior notes due 2034, which will provide the company with additional financing for its operations.
  • The senior notes include various covenants that limit the company's ability to take on additional debt, make distributions, and engage in certain transactions, providing investors with some protections.
  • The notes can be redeemed by the company starting in 2029, which gives the company flexibility to refinance the debt in the future if market conditions are favorable.
Current Report Filed: 2026-02-24

Key Insights

  • CNX Resources Corporation has completed a cash tender offer to retire its outstanding 6.000% senior notes due 2029, which could lead to debt reduction and improved financial flexibility.
  • The company did not provide any additional details on the tender offer, such as the amount of notes repurchased or the impact on its balance sheet.
  • Investors should monitor future filings for more information on CNX's capital structure and debt management strategy.
Insider Trading Filed: 2026-02-23

Key Insights

  • Bernard Lanigan Jr., a director of CNX Resources Corp, exercised 46,119 stock options and immediately sold the same number of shares at an average price of $40.60, indicating potential portfolio rebalancing.
  • Lanigan also holds significant indirect ownership stakes in CNX through various investment vehicles, suggesting he has a substantial economic interest in the company.
  • The transaction appears to be a routine exercise and sale of stock options, and not indicative of any major changes in Lanigan's or the company's outlook.
Current Report Filed: 2026-02-18

Key Insights

  • CNX Resources Corporation has issued $500 million in 5.875% senior notes due 2034, which could provide additional financing flexibility and support the company's operations.
  • The notes offering was made through a private placement with Wells Fargo Securities, LLC as the representative of the initial purchasers, indicating the company's ability to access capital markets.
  • The company and its subsidiaries have provided customary representations, warranties, and indemnifications in the purchase agreement, which is standard practice for this type of transaction.
Current Report Filed: 2026-02-17

Key Insights

  • CNX Resources Corporation announced a private offering of $500 million in senior notes due 2034, which could provide additional financing and flexibility for the company's operations.
  • The company also announced the commencement of a cash tender offer for any and all of its outstanding 6.000% senior notes due 2029, which could potentially refinance existing debt at more favorable terms.
  • The filing does not provide any details on the company's financial performance or business outlook, so the overall significance of these events is limited without additional context.
Annual Report Filed: 2026-02-10

Key Insights

  • CNX Resources Corp reported strong natural gas and NGL production in 2025, indicating growth in their core upstream operations.
  • The company's balance sheet appears stable, with manageable debt levels and adequate liquidity from their revolving credit facilities.
  • However, the filing indicates potential headwinds from volatile commodity prices and competitive pressures in the oil and gas industry.
Insider Trading Filed: 2026-02-03

Key Insights

  • The reporting person, Nicholas J. Deiuliis, acquired a significant number of common shares in CNX Resources Corp (CNX) through vesting of performance-based restricted stock units and performance share units, indicating a strong alignment with the company's long-term success.
  • The reporting person also disposed of a portion of his shares to cover tax liabilities, suggesting a prudent approach to managing his equity position.
  • The reporting person holds a substantial number of shares, both directly and indirectly through trusts for his children, demonstrating a substantial ownership interest in the company.
Insider Trading Filed: 2026-02-03

Key Insights

  • The reporting person, Everett W. Good, acquired a total of 2,306 common shares of CNX Resources Corp (CNX) through vesting of Performance-Based Restricted Stock Units and Performance Share Units, indicating continued management commitment to the company.
  • The reporting person also disposed of 920 common shares through automatic withholding to satisfy tax liabilities, suggesting a balanced approach to managing their equity position.
  • The overall increase in the reporting person's beneficial ownership, from 41,654 shares to 42,912 shares, suggests a positive long-term outlook on the company's performance.
Insider Trading Filed: 2026-02-03

Key Insights

  • Navneet Behl, the Chief Operating Officer of CNX Resources Corp, has acquired a significant number of shares through vesting of restricted stock units and performance-based awards, indicating his confidence in the company's future performance.
  • The insider transactions show a mix of direct share purchases and automatic share withholding to cover tax liabilities, suggesting a balanced approach to managing Behl's equity position.
  • The vesting of performance-based awards, tied to ESG (environmental, social, and governance) metrics and overall company performance, aligns Behl's compensation with the long-term success of CNX Resources.
Insider Trading Filed: 2026-02-03

Key Insights

  • The reporting person, Alan K. Shepard, the President and CEO of CNX Resources Corp, acquired a significant number of common shares through vesting of performance-based restricted stock units and performance share units.
  • Shepard also disposed of 28,337 common shares by automatic withholding to satisfy his tax liability from the vesting of restricted stock units.
  • The insider buying activity suggests that Shepard is confident in the company's future performance and aligns his interests with those of shareholders.
Insider Trading Filed: 2026-02-03

Key Insights

  • The reporting person, Timothy Scott Bedard, who is the EVP and General Counsel of CNX Resources Corp, acquired 3,230 common shares through the vesting of Performance-Based Restricted Stock Units (ESG) under a 2024-2026 Performance Incentive Program.
  • Bedard also disposed of 1,405 common shares to satisfy his tax liability from the vesting of the restricted stock units, indicating he continues to hold a significant portion of the company's equity.
  • The transaction does not appear to be a material change in Bedard's ownership, as he continues to hold over 100,000 common shares directly, including 70,463 restricted stock units.
Current Report Filed: 2026-01-29

Key Insights

  • CNX Resources reported Q4 2025 financial and operational results, showing the company's continued strong performance.
  • The company's board approved a $2 billion increase to its existing $400 million stock repurchase program, demonstrating confidence in the business.
  • With the expanded repurchase program now totaling $2.4 billion, CNX has significant flexibility to return capital to shareholders.
Insider Trading Filed: 2026-01-06

Key Insights

  • The reporting person, Nicholas J. DeIuliis, is a director of CNX Resources Corp and has significant direct and indirect ownership of the company's shares.
  • DeIuliis has indirectly held 270,436 shares of CNX through two trusts established for the benefit of his children, in addition to the 2,343,744 shares he directly owns.
  • The reporting shows DeIuliis has disposed of 31,054 shares by automatic withholding to satisfy tax liabilities from the vesting of restricted stock units, indicating he continues to hold a substantial equity stake in the company.
Insider Trading Filed: 2026-01-06

Key Insights

  • Everett W. Good, the Chief Financial Officer of CNX Resources Corp, acquired a significant number of 23,520 restricted stock units on January 5, 2026, indicating potential confidence in the company's future performance.
  • Good also received 191,667 performance share units that vest based on the company's stock price reaching certain pre-determined targets over the next 4.5 years, aligning his compensation with shareholder interests.
  • The reporting person sold 574 common shares on January 3, 2026 to cover tax withholding obligations, suggesting a relatively small portion of his overall holdings.
Insider Trading Filed: 2026-01-06

Key Insights

  • The President and CEO, Alan K. Shepard, acquired 41,506 restricted stock units on January 5, 2026, further aligning his interests with shareholders.
  • Shepard also disposed of 22,099 shares on January 3, 2026 to cover tax liabilities, suggesting he may have confidence in the company's future performance.
  • The reported transactions indicate Shepard's continued commitment to and ownership of CNX Resources, with a total of 222,605 shares held after the recent activity.
Insider Trading Filed: 2026-01-06

Key Insights

  • Navneet Behl, the Chief Operating Officer of CNX Resources Corp, acquired 38,047 shares through a restricted stock unit grant on 01/05/2026, increasing his total direct beneficial ownership to 170,290 shares.
  • Behl disposed of 22,987 shares on 01/03/2026 to satisfy his tax liability from the vesting of previously granted restricted stock units.
  • The insider transactions suggest Behl's continued confidence in the company and alignment with shareholder interests through equity-based compensation.

Get real-time filing analysis in the app

Download on the App Store

Important Information

AI-generated analysis is for informational purposes only. Always read original SEC filings and consult with qualified professionals before making investment decisions.