Longleaf Partners Fund stated in its second-quarter 2026 investor letter that the recent pullback in CNX Resources Corporation shares represents a buying opportunity. The fund noted that CNX reported another solid quarter and continues to focus on steadily growing free cash flow per share and value per share. While the stock did not rally as strongly as some less conservatively financed energy peers earlier in the year, the fund highlighted that CNX has been one of its best share repurchasers over the last several years. The fund trimmed its position when energy stocks surged after the Iran War but has recently added back to CNX at better prices.
CNX Resources CorpFund manager calls pullback a buying opportunity, citing solid quarter and strong share repurchases.