• CNX Resources average return on tangible equity for 2023 was 64.13, a 295.4% decline from 2022.
• CNX Resources average return on tangible equity for 2022 was -32.82, a 173.04% decline from 2021.
• CNX Resources average return on tangible equity for 2021 was -12.02, a 17.05% increase from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.