Core Insights - CNX Resources Corporation has released its financial and operational results for the first quarter of 2025, which can be accessed on its website [1][2] - The company emphasizes its position as a premier, ultra-low carbon intensive natural gas development and production company in the energy-rich region of Appalachia [4] Financial Performance - Detailed earnings results, production volumes, hedging information, and financial statements for the first quarter are available for review [2] - As of December 31, 2024, CNX reported 8.54 trillion cubic feet equivalent of proved natural gas reserves [4] Company Overview - CNX Resources Corporation is a member of the Standard & Poor's Midcap 400 Index, highlighting its significant market presence [4] - The company focuses on responsible resource development and aims to create long-term per share value for shareholders, employees, and local communities [4] Conference Call Information - A Q&A conference call regarding the earnings results is scheduled, with details available on the Investor Relations page of the company's website [3][5]

Core Viewpoint - CNX Resources Corporation is set to release its first-quarter 2025 results on April 24, with expectations of strong earnings and revenue growth driven by recent acquisitions and improved production metrics [1][4]. Group 1: Upcoming Results Expectations - The Zacks Consensus Estimate for earnings is 65 cents per share, reflecting a year-over-year increase of 44.4% [4]. - Revenue is expected to reach $495.56 million, indicating a year-over-year increase of 30.1% [4]. - Total production volumes are projected at 149.25 billion cubic feet equivalent, up 6.3% year over year [4]. Group 2: Key Factors Influencing Performance - The acquisition of Apex Energy's natural gas upstream and midstream business in January 2025 is expected to enhance CNX's operational footprint and free cash flow per share [2]. - The ability to generate free cash flow may have facilitated debt reduction and share buybacks, positively impacting the bottom line [3]. Group 3: Pricing Metrics - The consensus estimate for the average natural gas sales price is $3.42 per thousand cubic feet equivalent, up 57.6% year over year [5]. - The Zacks Consensus Estimate for realized natural gas price is $2.74 per thousand cubic feet, reflecting a 5.8% increase from the previous year [5]. Group 4: Earnings Prediction Model - The current Earnings ESP for CNX Resources is -2.96%, indicating that an earnings beat is not anticipated this quarter [6]. - CNX Resources holds a Zacks Rank of 3, suggesting a neutral outlook [7].

Company Overview - CNX Resources Corporation (CNX) is expected to report a year-over-year increase in earnings due to higher revenues for the quarter ended March 2025, with a consensus outlook indicating a positive earnings picture [1] - The upcoming earnings report is scheduled for April 24, and the stock may react positively if key numbers exceed expectations, while a miss could lead to a decline [2] Earnings Estimates - The Zacks Consensus Estimate anticipates quarterly earnings of $0.65 per share, reflecting a year-over-year increase of 44.4% [3] - Revenues are projected to be $495.56 million, representing a 30.1% increase from the same quarter last year [3] Estimate Revisions - Over the last 30 days, the consensus EPS estimate has been revised down by 1.26%, indicating a reassessment by analysts regarding the company's earnings prospects [4] - The Most Accurate Estimate for CNX is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -3.08%, suggesting a bearish outlook from analysts [10][11] Earnings Surprise Prediction - The Zacks Earnings ESP model compares the Most Accurate Estimate to the Zacks Consensus Estimate, with a positive Earnings ESP indicating a higher likelihood of an earnings beat [6][8] - However, a negative Earnings ESP reading does not necessarily predict an earnings miss, making it challenging to forecast outcomes with confidence [9] Historical Performance - In the last reported quarter, CNX Resources exceeded the expected earnings of $0.43 per share by delivering $0.57, resulting in a surprise of 32.56% [12] - The company has successfully beaten consensus EPS estimates in each of the last four quarters [13] Conclusion - While CNX Resources does not appear to be a strong candidate for an earnings beat based on current estimates, investors should consider other factors before making investment decisions [16]

Group 1 - CNX Resources Corp. will announce its Q1 2025 financial results on April 24, 2025, at 6:45 a.m. Eastern Time [1] - A press release will be issued containing links to prepared remarks, presentation materials, and supplemental information for Q1 2025 [1] - A Q&A conference call and webcast will follow the financial results announcement [2] Group 2 - CNX Resources is a premier ultra-low carbon intensive natural gas company based in Appalachia, with a legacy of 161 years [3] - The company has 8.54 trillion cubic feet equivalent of proved natural gas reserves as of December 31, 2024 [3] - CNX Resources is a member of the Standard & Poor's Midcap 400 Index [3]

Core Perspective - CNX Resources Corporation is launching a new campaign focused on erasing school lunch debt, supporting local veterans, and addressing essential needs of families in the Appalachia region as part of its Appalachia First strategic vision [1][5]. Group 1: Philanthropic Approach - CNX adopts a hyper-localized investment strategy, prioritizing direct support to individuals and entities in need rather than large non-profits, fostering a virtuous cycle of community investment [2]. - The 2025 campaign will be fully funded by the CEO, who will reduce his compensation accordingly, following a cumulative offset of $4 million since 2022 [3]. Group 2: Initiatives and Impact - The CNX Foundation's flagship Mentorship Academy initiative aims to provide career-readiness programming and access to employment opportunities for underserved youth in the region [4]. - The campaign includes specific initiatives such as eliminating school lunch debt, supporting veterans through local organizations, and addressing essential needs like medical expenses for families [7][8]. Group 3: Company Overview - CNX Resources Corporation is a premier natural gas company with a focus on ultra-low carbon intensity, operating in the energy-rich Appalachia region, holding 8.54 trillion cubic feet equivalent of proved natural gas reserves as of December 31, 2024 [6].

Operations and Infrastructure - CNX owns or operates approximately 2,700 miles of natural gas gathering pipelines and has developed a diversified portfolio of firm transportation capacity options to support its production[82][84]. - CNX's midstream operations include providing turn-key solutions for water sourcing, delivery, and disposal for both its own operations and third parties[86]. - The company has a workforce of 458 employees as of December 31, 2024, with a focus on health, safety, and continuous training[101]. - The company’s operations are subject to risks related to the availability of personnel, services, and raw materials, which could impair production capabilities[137]. - The company relies on third-party pipeline and processing systems, which could limit operations and sales due to disruptions or capacity constraints[137]. - The company relies on third-party contractors for key services, and shortages in personnel or equipment could lead to increased costs and decreased production levels[182]. Environmental and Regulatory Compliance - The company operates under various federal, state, and local laws, with a strong focus on compliance with environmental regulations affecting all aspects of operations[109]. - Hydraulic fracturing activities are regulated by state commissions and the EPA, which has proposed regulations requiring disclosure of chemicals used[114]. - The Clean Air Act and corresponding regulations impose requirements on air emissions from natural gas production and processing operations[116]. - The Clean Water Act regulates discharges of pollutants into surface waters, requiring permits and compliance monitoring[117]. - The Endangered Species Act may impact operations in protected habitats, potentially leading to delays in permits[118]. - The Resource Conservation and Recovery Act (RCRA) imposes requirements for the management and disposal of hazardous and non-hazardous wastes from operations[120]. - Climate change regulations may increase costs and impact operations, necessitating new equipment or emission credits[125]. - Increased environmental regulations could lead to higher costs for permitting, equipping, and monitoring emissions, impacting profitability[201]. - The company is subject to various stringent environmental laws that may impose significant compliance costs and operational restrictions[201]. - Local regulations in Pennsylvania have increased setback requirements for new well pads, potentially impacting future operations[211]. Financial Performance and Risks - CNX's natural gas is primarily sold at market prices under short-term sales contracts, with significant price fluctuations influenced by seasonal and market conditions[87]. - Natural gas and NGL prices are highly volatile, influenced by supply and demand factors, with a significant decline in prices adversely affecting the company's financial condition[140]. - The company’s financial results are significantly affected by the prices received for natural gas and NGLs, which have been depressed due to oversupply in the market[140]. - The company anticipates that a decrease in international demand for natural gas could adversely affect pricing and, consequently, its results of operations and liquidity[152]. - The company’s revenue may be reduced if there is an economic downturn leading to decreased demand for natural gas and LNG[158]. - The company’s natural gas reserves are significantly impacted by price fluctuations; a $0.10 decline in natural gas prices could reduce the pre-tax present value of proved reserves from $3.8 billion to $3.6 billion[165]. - The company faces risks related to competition and consolidation in the natural gas industry, which may impact its ability to sell products and midstream services[146]. - Economic downturns in industries served by the company could materially affect liquidity and operational results, with potential adverse effects from a focus on carbon-neutrality and alternative energy sources[150]. - The company may incur significant costs and liabilities due to environmental regulations and climate change legislation, which could increase operating costs and reduce asset values[137]. - The company faces potential liabilities from lawsuits related to climate change and environmental impacts, which could result in financial damages[200]. - Changes in federal or state tax laws could negatively affect the company's financial position and profitability, particularly regarding natural gas exploration[216]. Strategic Initiatives and Future Outlook - The company expects to capture approximately 17-18 Bcfe of waste methane annually by 2025, which will qualify for various environmental programs[95]. - CNX is actively pursuing the commercialization of proprietary technologies aimed at reducing costs and emissions during natural gas development phases[97]. - The company is a participant in the Appalachian Regional Clean Hydrogen Hub coalition, focusing on developing hydrogen energy solutions[98]. - The company expects environmental attributes to grow as a source of future revenue, but current market conditions are volatile and uncertain[221]. - The company expects to continue substantial capital expenditures for the development and acquisition of natural gas reserves, which are critical for maintaining and growing the business[174]. - CNX's strategic growth depends on optimal capital allocation and the ability to identify new business opportunities, including investments in proprietary technologies[239][240]. Debt and Capital Management - As of December 31, 2024, CNX's total long-term indebtedness was approximately $2.2 billion, including $500 million of 6.00% Senior Notes due 2029 and $400 million of 4.75% Senior Notes due 2030[223][225]. - The borrowing base under CNX's senior secured revolving credit facility is currently $2.3 billion, which is subject to redetermination twice per year[228]. - The company’s ability to refinance existing senior notes may be limited, affecting its capital raising efforts[152]. - CNX's financial covenants limit the incurrence of additional indebtedness and impose restrictions on operations, which could lead to an event of default if not complied with[226]. - The company may face liquidity problems if cash flows are insufficient to meet debt service obligations, potentially requiring asset sales[227]. - The company closed a private offering of $200 million additional 7.25% senior notes due 2032 on January 21, 2025[225]. Cybersecurity and Operational Risks - Cybersecurity incidents pose a risk to CNX's operations, potentially leading to data loss, operational disruptions, and financial losses[248]. - Increased dependence on digital technologies raises the risk of cybersecurity incidents, which could disrupt business operations and impact financial performance[249]. - Cybersecurity incidents could result in supply chain disruptions and operational failures, affecting production and delivery capabilities[254]. - Terrorist activities, including eco-terrorism, could adversely affect CNX's operations and the broader energy industry, impacting economic conditions and market liquidity[255].

Group 1 - Elliott Gue is recognized as a leading expert in the energy sector, having dedicated years to understanding its dynamics through various means such as attending industry conferences and engaging with management teams [1] - In 2008, Elliott Gue was acknowledged as "the world's leading energy strategist" during the G-8 Summit in Tokyo, highlighting his expertise and investment acumen [1] - In October 2012, the launch of the Energy & Income Advisor newsletter aimed to identify profitable opportunities in the energy sector, covering a range of investment types including growth stocks and high-yielding utilities [1] Group 2 - The Energy & Income Advisor publication continues to provide in-depth analysis and rational assessments of investment opportunities in the energy sector, maintaining its focus despite changes in the masthead [1]

Core Viewpoint - CNX Resources Corporation (CNX) and Comstock Resources (CRK) are both considered by investors in the Oil and Gas - Exploration and Production sector, with a focus on determining which stock offers better value for investment at present [1]. Valuation Metrics - CNX has a forward P/E ratio of 11.68, while CRK has a forward P/E of 35.89, indicating that CNX may be undervalued compared to CRK [5]. - The PEG ratio for CNX is 0.36, suggesting a favorable valuation relative to its expected earnings growth, whereas CRK has a PEG ratio of 1.60 [5]. - CNX's P/B ratio is 0.96, which is lower than CRK's P/B of 2.40, further supporting the notion that CNX is more attractively valued [6]. Earnings Outlook - Both CNX and CRK currently hold a Zacks Rank of 2 (Buy), indicating a positive earnings outlook due to favorable analyst estimate revisions [3]. - CNX is rated with a Value grade of A, while CRK has a Value grade of C, suggesting that CNX is the superior value option based on various valuation metrics [6].

Core Viewpoint - CNX Resources is currently identified as a strong value stock, supported by various valuation metrics indicating it may be undervalued in the market [3][7]. Valuation Metrics - CNX Resources has a PEG ratio of 0.36, significantly lower than the industry average of 0.98, indicating potential undervaluation [4]. - The company's P/B ratio stands at 0.98, compared to the industry average of 1.87, suggesting an attractive valuation relative to its book value [5]. - CNX's P/CF ratio is 4.75, which is favorable when compared to the industry's average of 6.39, further supporting the notion of undervaluation [6]. Earnings Outlook - The strength of CNX Resources' earnings outlook enhances its position as one of the market's strongest value stocks, making it appealing to value investors [7].

Core Insights - Zacks Premium provides tools for investors to enhance their stock market strategies, including daily updates on Zacks Rank and Industry Rank, Equity Research reports, and Premium stock screens [1][2] Zacks Style Scores - Zacks Style Scores are indicators that rate stocks based on value, growth, and momentum, helping investors identify stocks likely to outperform the market in the next 30 days [2][3] - Stocks are rated from A to F, with A indicating the highest potential for outperformance [3] Value Score - The Value Style Score focuses on identifying undervalued stocks using metrics like P/E, PEG, Price/Sales, and Price/Cash Flow [3] Growth Score - The Growth Style Score assesses a company's financial strength and future outlook based on projected and historical earnings, sales, and cash flow [4] Momentum Score - The Momentum Style Score evaluates stocks based on price trends and earnings outlook changes, indicating optimal times to invest in high-momentum stocks [5] VGM Score - The VGM Score combines Value, Growth, and Momentum Scores, providing a comprehensive indicator for stock selection [6] Zacks Rank - The Zacks Rank is a proprietary model that uses earnings estimate revisions to guide investors in building successful portfolios [7] - Stocks rated 1 (Strong Buy) have historically produced an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [8] Stock Selection Strategy - To maximize returns, investors should focus on stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B [10] - Stocks with a 3 (Hold) rank should also have A or B Style Scores to ensure potential upside [10] CNX Resources Corporation - CNX Resources Corporation is an independent oil and gas exploration and production company, rated 2 (Buy) on the Zacks Rank with a VGM Score of B [12] - The company has a Value Style Score of A, with a forward P/E ratio of 11.68, indicating attractive valuation metrics [13] - Recent upward revisions in earnings estimates have increased the Zacks Consensus Estimate by $0.55 to $2.36 per share, with an average earnings surprise of 29.8% [13]