CNX Resources (CNX) lifts stock repurchase authorization to about $2.4B

Rhea-AI Filing Summary

CNX Resources Corporation released its fourth-quarter and full-year 2025 financial and operational results by posting them on its website and attaching the materials as Exhibit 99.1.

The Board of Directors also approved a $2.0 billion increase to the company’s existing stock repurchase program, bringing the total dollar amount of common stock currently available for repurchase to approximately $2.4 billion as of January 27, 2026. The program has no termination or expiration date, and repurchases may occur from time to time through various methods such as open market purchases, privately negotiated transactions, Rule 10b5-1 plans, accelerated stock repurchases, block trades, derivative contracts or other methods permitted under Rule 10b-18. The company states that repurchase timing will depend on factors including available liquidity, stock price, financial outlook, and alternative investment options, and the Board may modify, suspend, or discontinue the program while continuing to evaluate its size based on free cash flow, leverage, and capital plans.

Positive

• Substantial buyback increase: The Board approved a $2.0 billion increase to CNX’s existing stock repurchase program, raising the amount currently available for common stock repurchases to approximately $2.4 billion as of January 27, 2026.
• Flexible, open-ended authorization: The stock repurchase program has no termination or expiration date and can be executed through multiple methods, giving CNX flexibility to adjust repurchases to its liquidity, outlook, and capital plans.

Negative

• None.

Insights

Equity Capital Allocation Analyst

CNX expands buyback capacity to about $2.4B, signaling strong cash generation and flexible capital returns.

CNX Resources has increased its stock repurchase authorization by $2.0 billion, taking the total amount currently available for buybacks to approximately $2.4 billion as of January 27, 2026. The program has no set expiration, giving the Board wide latitude on timing.

The company lists multiple execution channels, including open market purchases, privately negotiated deals, Rule 10b5-1 plans, accelerated stock repurchases, block trades, and derivative contracts, all in line with Rule 10b-18. Actual buyback activity will depend on available liquidity, share price, the firm’s financial outlook, and alternative investment opportunities.

The Board plans to reassess the program based on free cash flow, leverage, and capital plans, and it is not obligated to repurchase a specific amount. Future company filings and disclosures around these metrics and any reported repurchase activity will further clarify how this enlarged authorization translates into actual capital returns.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (date of earliest event reported): January 29, 2026

CNX Resources Corporation

(Exact name of registrant as specified in its charter)

Delaware

001-14901

51-0337383

(State or other jurisdiction of incorporation)

(Commission File Number)

(IRS Employer Identification No.)

CNX Center

1000 Horizon Vue Drive

Canonsburg, Pennsylvania 15317

(Address of principal executive offices)

(Zip code)

Registrant's telephone number, including area code:

(724) 485-4000

Not Applicable

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of exchange on which registered

Common Stock ($.01 par value)

CNX

New York Stock Exchange

Preferred Share Purchase Rights

--

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

☐

Item 2.02 Results of Operations and Financial Condition.

CNX Resources Corporation (“CNX” or the “Company”) today released financial and operational results for the fourth quarter and full fiscal year 2025 by posting those results on its website. A copy of those results is attached to this Current Report as Exhibit 99.1 and incorporated into this Item 2.02 by reference.

The information furnished pursuant to this Item 2.02 and Item 7.01, including Exhibit 99.1, are being furnished and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, and will not be incorporated by reference into any filing under the Securities Act of 1933, as amended, unless specifically identified therein as being incorporated therein by reference.

Item 7.01 Regulation FD

The information set forth under Item 2.02 is incorporated into this Item 7.01 by reference.    

Item 8.01 Other Events.

On January 27, 2026, the Company’s Board of Directors approved a $2.0 billion increase to the Company's existing stock repurchase program. This approval increased the dollar amount of common stock currently available to be repurchased under the Company’s existing stock repurchase program to approximately $2.4 billion, as of January 27, 2026. The stock repurchase program is not subject to a termination date or expiration date. The repurchases may be effected from time-to-time through open market purchases, privately negotiated transactions, Rule 10b5-1 plans, accelerated stock repurchases, block trades, derivative contracts or otherwise in compliance with Rule 10b-18. The timing of any repurchases will be based on a number of factors, including available liquidity, the Company's stock price, the Company's financial outlook, and alternative investment options. The stock repurchase program does not obligate the Company to repurchase any dollar amount or number of shares and the Board may modify, suspend, or discontinue its authorization of the program at any time. The Board of Directors will continue to evaluate the size of the stock repurchase program based on CNX's free cash flow position, leverage ratio, and capital plans.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.  

 

Exhibit 99.1			4Q 2025 Earnings Results & Supplemental Information of CNX Resources dated January 29, 2026
Exhibit 104			Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

                        CNX RESOURCES CORPORATION

By:    /s/ Everett W. Good

     Everett W. Good

Chief Financial Officer

Dated: January 29, 2026

FAQ

What did CNX Resources (CNX) announce regarding its stock repurchase program?

CNX Resources’ Board approved a $2.0 billion increase to its existing stock repurchase program. This raised the dollar amount of common stock currently available for repurchase to approximately $2.4 billion as of January 27, 2026, providing significant capacity for potential future buybacks.

How large is CNX Resources’ total authorized stock buyback after the latest increase?

After the Board’s decision, CNX Resources has approximately $2.4 billion of common stock currently available to be repurchased. This figure reflects a $2.0 billion increase approved on January 27, 2026, expanding the company’s ability to return capital through share repurchases over time.

Does CNX Resources’ stock repurchase program have an expiration date?

CNX Resources states that its stock repurchase program is not subject to a termination or expiration date. This open-ended structure allows the company to conduct repurchases from time to time, depending on liquidity, stock price, financial outlook, and alternative investment opportunities.

What methods can CNX Resources use to repurchase its common stock?

CNX may repurchase shares via open market purchases, privately negotiated transactions, Rule 10b5-1 trading plans, accelerated stock repurchases, block trades, derivative contracts, or other methods in compliance with Rule 10b-18. This variety provides flexibility in how and when repurchases are executed.

Is CNX Resources obligated to repurchase the entire $2.4 billion of authorized stock?

No. CNX Resources explains that the stock repurchase program does not obligate the company to repurchase any specific dollar amount or number of shares. The Board may modify, suspend, or discontinue the authorization and will continue evaluating its size based on free cash flow, leverage, and capital plans.

What financial information did CNX Resources release with this 8-K filing?

CNX Resources released its fourth-quarter and full year 2025 financial and operational results. These results were posted on the company’s website and attached as Exhibit 99.1, titled “4Q 2025 Earnings Results & Supplemental Information of CNX Resources dated January 29, 2026.”