Why These Energy Stocks are Gaining This Week

6. 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.