Oil & Gas Exploration & Production
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EXE vs CNX
Revenue, margins, valuation, and 5-year total return — side by side.
Oil & Gas Exploration & Production
EXE vs CNX — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Oil & Gas Exploration & Production | Oil & Gas Exploration & Production |
| Market Cap | $23.42B | $5.10B |
| Revenue (TTM) | $14.10B | $2.32B |
| Net Income (TTM) | $3.23B | $1.18B |
| Gross Margin | 53.4% | 28.7% |
| Operating Margin | 29.0% | 21.4% |
| Forward P/E | 10.9x | 12.4x |
| Total Debt | $5.06B | $2.45B |
| Cash & Equiv. | $696M | $779K |
EXE vs CNX — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | Feb 21 | May 26 | Return |
|---|---|---|---|
| Expand Energy Corpo… (EXE) | 100 | 220.5 | +120.5% |
| CNX Resources Corpo… (CNX) | 100 | 284.9 | +184.9% |
Price return only. Dividends and distributions are not included.
Quick Verdict: EXE vs CNX
Each card shows where this stock fits in a portfolio — not just who wins on paper.
EXE is the clearest fit if your priority is income & stability and growth exposure.
- Dividend streak 1 yrs, beta 0.14, yield 3.3%
- Rev growth 176.0%, EPS growth 266.4%, 3Y rev CAGR 0.6%
- 174.3% 10Y total return vs CNX's 160.3%
CNX carries the broadest edge in this set and is the clearest fit for defensive.
- Beta 0.12, current ratio 0.44x
- 50.9% margin vs EXE's 22.9%
- Beta 0.12 vs EXE's 0.14
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 176.0% revenue growth vs CNX's 59.2% | |
| Value | Lower P/E (10.9x vs 12.4x) | |
| Quality / Margins | 50.9% margin vs EXE's 22.9% | |
| Stability / Safety | Beta 0.12 vs EXE's 0.14 | |
| Dividends | 3.3% yield; 1-year raise streak; the other pay no meaningful dividend | |
| Momentum (1Y) | +13.9% vs EXE's -8.8% | |
| Efficiency (ROA) | 17.5% ROA vs EXE's 11.4%, ROIC 9.0% vs 6.6% |
EXE vs CNX — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
EXE vs CNX — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
EXE leads this category, winning 5 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
EXE is the larger business by revenue, generating $14.1B annually — 6.1x CNX's $2.3B. CNX is the more profitable business, keeping 50.9% of every revenue dollar as net income compared to EXE's 22.9%. On growth, EXE holds the edge at +100.2% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $14.1B | $2.3B |
| EBITDAEarnings before interest/tax | $7.1B | $1.1B |
| Net IncomeAfter-tax profit | $3.2B | $1.2B |
| Free Cash FlowCash after capex | $2.9B | $282M |
| Gross MarginGross profit ÷ Revenue | +53.4% | +28.7% |
| Operating MarginEBIT ÷ Revenue | +29.0% | +21.4% |
| Net MarginNet income ÷ Revenue | +22.9% | +50.9% |
| FCF MarginFCF ÷ Revenue | +20.3% | +12.2% |
| Rev. Growth (YoY)Latest quarter vs prior year | +100.2% | +28.8% |
| EPS Growth (YoY)Latest quarter vs prior year | +5.5% | +2.7% |
Valuation Metrics
EXE leads this category, winning 4 of 6 comparable metrics.
Valuation Metrics
At 9.0x trailing earnings, CNX trades at a 30% valuation discount to EXE's 12.9x P/E. On an enterprise value basis, EXE's 5.5x EV/EBITDA is more attractive than CNX's 5.5x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $23.4B | $5.1B |
| Enterprise ValueMkt cap + debt − cash | $27.8B | $7.6B |
| Trailing P/EPrice ÷ TTM EPS | 12.87x | 9.03x |
| Forward P/EPrice ÷ next-FY EPS est. | 10.86x | 12.39x |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 5.54x | 5.55x |
| Price / SalesMarket cap ÷ Revenue | 2.01x | 2.38x |
| Price / BookPrice ÷ Book value/share | 1.26x | 1.33x |
| Price / FCFMarket cap ÷ FCF | 12.73x | 9.55x |
Profitability & Efficiency
CNX leads this category, winning 6 of 9 comparable metrics.
Profitability & Efficiency
CNX delivers a 27.5% return on equity — every $100 of shareholder capital generates $27 in annual profit, vs $17 for EXE. EXE carries lower financial leverage with a 0.27x debt-to-equity ratio, signaling a more conservative balance sheet compared to CNX's 0.57x. On the Piotroski fundamental quality scale (0–9), EXE scores 8/9 vs CNX's 6/9, reflecting strong financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +17.4% | +27.5% |
| ROA (TTM)Return on assets | +11.4% | +17.5% |
| ROICReturn on invested capital | +6.6% | +9.0% |
| ROCEReturn on capital employed | +8.1% | +10.3% |
| Piotroski ScoreFundamental quality 0–9 | 8 | 6 |
| Debt / EquityFinancial leverage | 0.27x | 0.57x |
| Net DebtTotal debt minus cash | $4.4B | $2.5B |
| Cash & Equiv.Liquid assets | $696M | $779,000 |
| Total DebtShort + long-term debt | $5.1B | $2.5B |
| Interest CoverageEBIT ÷ Interest expense | 17.53x | 7.11x |
Total Returns (Dividends Reinvested)
CNX leads this category, winning 5 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in CNX five years ago would be worth $26,127 today (with dividends reinvested), compared to $23,873 for EXE. Over the past 12 months, CNX leads with a +13.9% total return vs EXE's -8.8%. The 3-year compound annual growth rate (CAGR) favors CNX at 32.9% vs EXE's 10.4% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | -10.7% | -1.5% |
| 1-Year ReturnPast 12 months | -8.8% | +13.9% |
| 3-Year ReturnCumulative with dividends | +34.6% | +134.7% |
| 5-Year ReturnCumulative with dividends | +138.7% | +161.3% |
| 10-Year ReturnCumulative with dividends | +174.3% | +160.3% |
| CAGR (3Y)Annualised 3-year return | +10.4% | +32.9% |
Risk & Volatility
CNX leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
CNX is the less volatile stock with a 0.12 beta — it tends to amplify market swings less than EXE's 0.14 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. CNX currently trades 82.4% from its 52-week high vs EXE's 76.9% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.14x | 0.12x |
| 52-Week HighHighest price in past year | $126.62 | $43.62 |
| 52-Week LowLowest price in past year | $91.02 | $27.72 |
| % of 52W HighCurrent price vs 52-week peak | +76.9% | +82.4% |
| RSI (14)Momentum oscillator 0–100 | 41.7 | 34.6 |
| Avg Volume (50D)Average daily shares traded | 3.6M | 2.0M |
Analyst Outlook
EXE leads this category, winning 1 of 1 comparable metric.
Analyst Outlook
Wall Street rates EXE as "Buy" and CNX as "Hold". Consensus price targets imply 40.3% upside for EXE (target: $137) vs 0.7% for CNX (target: $36). EXE is the only dividend payer here at 3.27% yield — a key consideration for income-focused portfolios.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Hold |
| Price TargetConsensus 12-month target | $136.70 | $36.17 |
| # AnalystsCovering analysts | 20 | 41 |
| Dividend YieldAnnual dividend ÷ price | +3.3% | — |
| Dividend StreakConsecutive years of raises | 1 | 0 |
| Dividend / ShareAnnual DPS | $3.18 | — |
| Buyback YieldShare repurchases ÷ mkt cap | +0.4% | +10.3% |
EXE leads in 3 of 6 categories (Income & Cash Flow, Valuation Metrics). CNX leads in 3 (Profitability & Efficiency, Total Returns).
EXE vs CNX: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is EXE or CNX a better buy right now?
For growth investors, Expand Energy Corporation (EXE) is the stronger pick with 176.
0% revenue growth year-over-year, versus 59. 2% for CNX Resources Corporation (CNX). CNX Resources Corporation (CNX) offers the better valuation at 9. 0x trailing P/E (12. 4x forward), making it the more compelling value choice. Analysts rate Expand Energy Corporation (EXE) a "Buy" — based on 20 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — EXE or CNX?
On trailing P/E, CNX Resources Corporation (CNX) is the cheapest at 9.
0x versus Expand Energy Corporation at 12. 9x. On forward P/E, Expand Energy Corporation is actually cheaper at 10. 9x — notably different from the trailing picture, reflecting expected earnings growth.
03Which is the better long-term investment — EXE or CNX?
Over the past 5 years, CNX Resources Corporation (CNX) delivered a total return of +161.
3%, compared to +138. 7% for Expand Energy Corporation (EXE). Over 10 years, the gap is even starker: EXE returned +174. 3% versus CNX's +160. 3%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — EXE or CNX?
By beta (market sensitivity over 5 years), CNX Resources Corporation (CNX) is the lower-risk stock at 0.
12β versus Expand Energy Corporation's 0. 14β — meaning EXE is approximately 14% more volatile than CNX relative to the S&P 500. On balance sheet safety, Expand Energy Corporation (EXE) carries a lower debt/equity ratio of 27% versus 57% for CNX Resources Corporation — giving it more financial flexibility in a downturn.
05Which is growing faster — EXE or CNX?
By revenue growth (latest reported year), Expand Energy Corporation (EXE) is pulling ahead at 176.
0% versus 59. 2% for CNX Resources Corporation (CNX). On earnings-per-share growth, the picture is similar: CNX Resources Corporation grew EPS 763. 3% year-over-year, compared to 266. 4% for Expand Energy Corporation. Over a 3-year CAGR, EXE leads at 0. 6% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — EXE or CNX?
CNX Resources Corporation (CNX) is the more profitable company, earning 29.
6% net margin versus 15. 6% for Expand Energy Corporation — meaning it keeps 29. 6% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: CNX leads at 36. 8% versus 17. 5% for EXE. At the gross margin level — before operating expenses — CNX leads at 47. 2%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is EXE or CNX more undervalued right now?
On forward earnings alone, Expand Energy Corporation (EXE) trades at 10.
9x forward P/E versus 12. 4x for CNX Resources Corporation — 1. 5x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for EXE: 40. 3% to $136. 70.
08Which pays a better dividend — EXE or CNX?
In this comparison, EXE (3.
3% yield) pays a dividend. CNX does not pay a meaningful dividend and should not be held primarily for income.
09Is EXE or CNX better for a retirement portfolio?
For long-horizon retirement investors, Expand Energy Corporation (EXE) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.
14), 3. 3% yield, +174. 3% 10Y return). Both have compounded well over 10 years (EXE: +174. 3%, CNX: +160. 3%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between EXE and CNX?
Both stocks operate in the Energy sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
EXE pays a dividend while CNX does not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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