CNX — what changed in the latest 10-Q
A section-by-section comparison of CNX's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-10-29 vs the prior 10-Q · 2026-07-30
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +72 | −67 | ~70 | 94 |
| Market risk (Item 3) | Text added/removed | 0 | −1 | ~3 | 7 |
| Controls & procedures | Text added/removed | 0 | 0 | ~1 | 1 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 2 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | 0 | 0 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-10-29
Gain on Commodity Derivative Instruments - Cash Settlement 53 0.37 22 0.15 31 0.22
Sales of Natural Gas, NGLs and Oil, including Cash Settlements, a Non-GAAP Financial Measure425 2.72 423 2.62 2 0.10
The increase in Sales of Natural Gas, NGLs and Oil, including Cash Settlements, a Non-GAAP Financial Measure was primarily due to a $30.1 million increase in gain on commodity derivative instruments - cash settlement related to the Company's hedging program, a 1.8 Bcfe increase in NGL sales volumes …
Exploration and Production Related Other Costs— — 2 2 — — — —
The Shale segment had earnings before income tax of $189 million for the three months ended September 30, 2026 compared to earnings before income tax of $171 million for the three months ended September 30, 2025.
Text removed vs the prior filing · source: 10-Q · 2026-07-30
Sales of Natural Gas, NGLs and Oil, including Cash Settlements, a Non-GAAP Financial Measure435 2.87 450 2.68 (15)0.19
Natural Gas, NGLs and Oil Production Costs, a Non-GAAP Financial Measure262 1.73 281 1.67 (19)0.06
The decrease in Sales of Natural Gas, NGLs and Oil, including Cash Settlements, a Non-GAAP Financial Measure was primarily due to the 16.1 Bcfe decrease in total sales volumes and the $0.44 per Mcf decrease in natural gas sales price, when excluding the impact of hedging. The decreases were offset, …
Transportation, Gathering and Compression87 15 1 103 7 (2)1 6
Exploration and Production Related Other Costs— — 3 3 — — 1 1
Market risk (Item 3)
Text removed vs the prior filing · source: 10-Q · 2026-07-30
Note: Table excludes basis only hedges of 24.5 Bcf for 2029.
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice