SCHEDULE: State Street Discloses 4.8% Stake in CNX Resources

State Street Corporation has disclosed a 4.8% beneficial ownership stake in CNX Resources Corp's common stock as of June 30, 2025.

Summary

• State Street Corporation, a parent holding company, reported beneficial ownership of 6,986,010 shares of CNX Resources Corp common stock.
• This ownership represents 4.8% of the total class of securities.
• The shares are held with shared voting power over 6,740,074 shares and shared dispositive power over 6,986,010 shares.
• The acquisition and holding of these securities are stated to be in the ordinary course of business, without the purpose or effect of changing or influencing the control of CNX Resources Corp.

Sentiment

Score: 5

Explanation: The filing is a routine disclosure of passive institutional ownership, indicating no immediate positive or negative implications for the issuer beyond the presence of a significant institutional investor.

Positives

• The disclosure indicates a significant institutional investor, State Street Corporation, holds a substantial stake in CNX Resources Corp, which can be viewed as a vote of confidence or inclusion in major investment vehicles.

Future Outlook

No forward-looking statements or guidance are provided in this beneficial ownership disclosure.

Management Comments

• The securities were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities.

Industry Context

A Schedule 13G filing is a routine disclosure for institutional investors that acquire a passive ownership stake of 5% or more in a company's stock. It signifies that the investor does not intend to influence or control the company's management or policies, distinguishing it from a Schedule 13D filing which implies an active intent. For CNX Resources, this indicates a significant institutional presence in its shareholder base, common for publicly traded companies.

Stakeholder Impact

• Shareholders: Provides transparency regarding significant institutional ownership, potentially signaling confidence from a major financial institution.

Key Dates

Keywords

CNX Resources, State Street, Schedule 13G, Common Stock, Institutional Ownership, Passive Investment, Beneficial Ownership