We recently published a list of Why These Energy Stocks are Gaining This Week. In this article, we are going to take a look at where CNX Resources Corporation (NYSE:CNX) stands against other energy stocks that are gaining this week.
Despite the ongoing global tariff war and market fluctuations, the broader energy sector has posted gains of around 1.8% since the beginning of the year, against a decline of around 4.6% by the wider market.
Unlike the downturn in oil, things are looking bullish for the natural gas industry. Gas prices have surged by over 150% YoY this week, prompting US producers to increase output after months of curtailments. Curbed production in 2024, a booming LNG industry, and fast-depleting inventories during the coldest winter in years have been the major drivers behind the uptick in prices. Moreover, after President Trump ended the moratorium on new LNG export permits, these prices are set to go even higher.
The amount of gas flowing to the country’s 8 big LNG export plants has risen to an average of 15.7 billion cubic feet per day (bcfd) so far in March, up from a record 15.6 bcfd last month, as new units enter into service. Just last week, the US Secretary of Energy Chris Wright approved an LNG export permit extension for the Golden Pass LNG Project, marking yet another step towards bolstering America’s dominance as the global energy leader.
Methodology
To collect data for this article, we have referred to several stock screeners to find energy stocks that have surged the most between March 3 and March 10, 2025. The stocks are ranked according to their share price surge during this period.
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A long line of heavy-duty trucks transporting natural gas across a rural highway.
CNX Resources Corporation (NYSE:CNX)
Share Price Gains Between Mar. 3 and Mar. 10: 7.03%
CNX Resources Corporation (NYSE:CNX) is a premier ultra-low carbon intensive natural gas development, production, midstream, and technology company in the Appalachian basin.
CNX Resources Corporation (NYSE:CNX) reported an adjusted EPS of $0.57 in Q4 2024, beating market expectations by $0.1. The company also boasts a robust balance sheet and generated $199 million in free cash flow during the quarter, bringing its full year 2024 FCF total to $331 million and marking its 20th consecutive quarter of positive free cash flow generation.
CNX Resources Corporation (NYSE:CNX) has also been active in making strategic acquisitions to enhance its future cash flow and long-term value creation. The company announced earlier this year that it has closed the $505 million acquisition of the natural gas upstream and associated midstream business of Apex Energy II in the Appalachian basin, allowing it to expand its portfolio in the energy sector.
CNX Resources Corporation (NYSE:CNX) was included in our list of the Billionaire’s 15 Favorite Oil and Gas Stocks Right Now.
Overall, CNX ranks 6th on our list of energy stocks that are gaining this week. While we acknowledge the potential for CNX, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than CNX but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
