Investors looking for stocks in the Oil and Gas - Exploration and Production - United States sector might want to consider either CNX Resources Corporation. (CNX) or Comstock Resources (CRK) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look.We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The proven Zacks Rank e ...

The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are underva ...

PITTSBURGH, Jan. 13, 2025 /PRNewswire/ -- CNX Resources Corporation (NYSE: CNX) ("CNX," "we," or "our") today announced the pricing of $200.0 million aggregate principal amount of its 7.250% senior notes due 2032 (the "New Notes") at a price of 100.500% of par, plus accrued interest from September 1, 2024, with a yield to worst of 7.104%. The New Notes are being offered as additional notes under that certain indenture, dated February 23, 2014 (the "Indenture"), pursuant to which CNX previously issued $400.0 ...

PITTSBURGH, Jan. 7, 2025 /PRNewswire/ -- CNX Resources Corp. (NYSE: CNX) will announce its financial results for Q4 2024 at 6:45 a.m. Eastern Time on Thursday, January 30. At that time, CNX will issue a brief press release containing links to its prepared remarks for the quarter, presentation materials, and supplemental information providing a Q4 2024 update. These materials will be available on CNX's Investor Relations website. This release will be followed by a Q&A conference call and webcast. Q&A Confere ...

PITTSBURGH, Jan. 3, 2025 /PRNewswire/ -- Today, in response to the issuance of final rules regarding the Inflation Reduction Act's Section 45V Hydrogen Production Tax Credit, CNX Resources Corporation (NYSE: CNX) released the following statement: "The Department of Treasury's recognition of captured waste coal mine methane (CMM) as a feedstock for hydrogen production is validation of its inherent environmental and economic benefits and an important step in continuing to monetize the value of this unique ass ...

CNX Resources Corporation. (CNX) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the sy ...

PITTSBURGH, Dec. 5, 2024 /PRNewswire/ -- CNX Resources Corporation (NYSE: CNX) ("CNX" or "the company") announced today it has entered into a definitive agreement to acquire the natural gas upstream and associated midstream business of Apex Energy II, LLC ("Apex"), a portfolio company of funds managed by Carnelian Energy Capital Management, L.P. ("Carnelian"), in the Appalachian Basin for total cash consideration of approximately $505 million, subject to certain adjustments including an effective date of Oc ...

CNX Resources Corporation (CNX) reported third-quarter 2024 operating earnings of 41 cents per share, which beat the Zacks Consensus Estimate of 32 cents by 28.1%. The bottom line also increased 17.1% from 35 cents in the year-ago quarter. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. Revenues The company reported revenues of $354 million, which missed the Zacks Consensus Estimate of $398 million by 11.1%. The top line also decreased 0.8% from the prior-year quarter's $357 millio ...

Financial Data and Key Metrics Changes - The company will provide detailed production volumes and associated capital expenditures for 2025 in the next quarter, indicating flexibility in production profiles based on gas pricing [5][6] - Efficiency metrics remain similar or improved, with adjustments based on gas prices [7] Business Line Data and Key Metrics Changes - The company has deferred 11 DUCs earlier in the year, maintaining flexibility in production targets [5] - The AutoSep project is still in development, with potential for third-party work, but focus remains on expanding the fleet [10] Market Data and Key Metrics Changes - The company has removed five turn-in lines from the 2024 schedule, which are expected to shift into early 2025 rather than indicating reduced activity [16][17] - The company is optimistic about the deep Utica play, noting no near-term constraints on ramping up production if gas prices improve [23] Company Strategy and Development Direction - The company is exploring multiple pathways for regulatory clarity regarding tax credits under 45Q and 45V, which could enhance opportunities in Coal Mine Methane capture [12][18] - The capital allocation process remains flexible, considering M&A opportunities but no specific plans have been disclosed [29] Management's Comments on Operating Environment and Future Outlook - Management expressed uncertainty regarding the impact of regulatory changes on Coal Mine Methane operations until final guidance is available [20][21] - The company is pleased with cost improvements in drilling, achieving a 23% reduction in drilling time and a 31% decrease in overall costs compared to 2023 [24][26] Other Important Information - The company is targeting a drilling cost of approximately $1,800 per foot after 2024, reflecting significant cost reductions [31] - The company is positioned to grow its Coal Mine Methane portfolio, contingent on regulatory incentives [32] Q&A Session Summary Question: Clarification on 2025 capital disclosure - Management indicated that the capital expenditure guidance for 2025 will be provided next quarter, with flexibility based on gas pricing [5] Question: Efficiency and production targets - Efficiency remains similar or improved, with production targets dependent on gas prices [7] Question: New technology and regulatory clarity - Management stated that the opportunity set for Coal Mine Methane capture is uncertain until regulatory guidance is finalized [12][18] Question: Buyback and dividend considerations - Management emphasized a long-term attractive opportunity for the company, but short-term allocation decisions remain flexible [14] Question: Guidance on turn-in lines and drilling activity - The removal of turn-in lines is more about timing rather than reduced activity, with no changes to previously indicated drilling plans [16][17] Question: Cost and performance in the deep Utica play - Management reported significant cost improvements and noted that the deep Utica play is competitive with other plays [24][26] Question: M&A opportunities and new technology alignment - Management acknowledged ongoing discussions about M&A but did not provide specific opportunities at this time [29]

Q3 2024 Update October 24, 2024 Q3 2024 Highlights "The company had another quarter of consistent operational execution resulting in the 19th consecutive quarter of free cash flow generation," commented Nick Deiuliis, president and CEO. "Utilizing this free cash flow, we continued to repurchase shares, and cumulatively, since the inception of the buyback program in 2020, we have retired approximately 36% of our outstanding shares. We believe that our discretionary share repurchase program provides an opport ...