CNX Resources Corporation, an independent natural gas and midstream company, engages in the acquisition, exploration, development, and production of natural gas properties in the Appalachian Basin. The company operates in two segments, Shale and Coalbed Methane (CBM). It produces and sells pipeline quality natural gas primarily for gas wholesalers. The company owns rights to extract natural gas from shale formations …
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Competitive advantage assessment
Key strengths
ROIC Sustainably Above PeersROIC at 67.9th percentile exceeds peers and WACC, demonstrating superior capital allocation.
Cost Leadership PositionOperating margin at 79.3th percentile with strong OpEx control demonstrates cost leadership.
Key risks
Liquidity ConcernsLiquidity is concerning (score 0.09), raising questions about short-term obligations.
Revenue Volatility Signals Weak StickinessRevenue volatility is high (stability score 0.39), suggesting weak customer stickiness.
The dashed ring is the peer median. Defense scores are percentile ranks
against peers, so 50 is roughly the typical company in this group.
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CNX Resources Corporation ranks #38 of 93
scored companies in Oil & Gas E&P by moat score — the top 41%.
The widest moat in the group is Texas Pacific Land Corporation (TPL)
at 84/100.
Moat scores for companies ranked near CNX in Oil & Gas E&P
Pricing power is the ability to raise prices without losing volume.
Cost Advantage
Score 72
· 15% of the moat score
A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.
Customer Stickiness
Score 57
· 15% of the moat score
Stickiness is what makes revenue repeat without being re-won every year.
Capital Efficiency
Score 64
· 18% of the moat score
Capital efficiency asks what the company earns on the money tied up in the business.
Resilience
Score 40
· 17% of the moat score
Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.
Scale & Market Position
Score 47
· 15% of the moat score
Scale matters only when it converts into economics.
CNX Resources Corporation (CNX) scores 54 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as moderate. It ranks #38 of 93 scored companies in Oil & Gas E&P, the top 41%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 92 companies in Oil & Gas E&P. Its strongest defense is Cost Advantage (72/100) and its weakest is Resilience (40/100).
How does CNX Resources Corporation compare with other Oil & Gas E&P companies?
CNX Resources Corporation ranks #38 of 93 scored companies in Oil & Gas E&P by moat score. The widest moat in Oil & Gas E&P is Texas Pacific Land Corporation (TPL) at 84/100. The companies ranked closest are Occidental Petroleum Corporatio (OXY) at 54 just above it and Kolibri Global Energy Inc. (KGEI) at 54 just below it.
How is the moat score calculated?
Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 92 companies in Oil & Gas E&P. The defenses are then weighted to produce the overall score out of 100.
Why is CNX Resources Corporation scored with the Corporate Default template?
Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.
Which competitive defenses are measured for CNX Resources Corporation?
The Corporate Default template measures 6 defenses, and CNX scores: Pricing Power (48), Cost Advantage (72), Customer Stickiness (57), Capital Efficiency (64), Resilience (40), Scale & Market Position (47). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.
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