CNX Resources(CNX)

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CNX Resources: Low Natural Gas Prices Still Dragging On Results, No Near-Term Catalyst
Seeking Alpha· 2024-07-27 12:49
P 1 th 4 H H i F II li 74 H 11 We do, however, see that the company beat expectations on a normalized basis. This is not a GAAP figure, and the headlines said that the company missed earnings expectations. The company reported a net loss in any case so the profit shown by the normalized earnings per share is rather misleading. For the second quarter, CNX Resources reported a net loss of $18.261 million which works out to $0.12 per share. It is, admittedly, not particularly surprising that CNX Resources lost ...
CNX Resources(CNX) - 2024 Q2 - Earnings Call Transcript
2024-07-25 19:58
CNX Resources Corporation (NYSE:CNX) Q2 2024 Results Conference Call July 25, 2024 10:00 AM ET Company Participants Tyler Lewis - VP of Investor Relations Ravi Srivastava - President of New Technologies Alan Shepard - Chief Financial Officer Navneet Behl - Chief Operating Officer Conference Call Participants Bert Donnes - Truist Zach Parham - JPMorgan Leo Mariani - ROTH Michael Scialla - Stephens Jacob Roberts - TPH Noel Parks - Tuohy Brothers Operator Good morning, and welcome to the CNX Resources Second Q ...
Q2 2024 U.S. GDP Jumps
ZACKS· 2024-07-25 16:10
The company has reduced its adjusted net debt by $267 million since third-quarter 2020. Devon Energy (DVN) is scheduled to report second-quarter results on Aug 6, after market close. The Zacks Consensus Estimate for earnings is pegged at $1.28 per share. CNX Resources Corporation (CNX) reported second-quarter 2024 operating earnings of 36 cents per share, which beat the Zacks Consensus Estimate of 27 cents by 33.3%. The bottom line also increased 24.1% from 29 cents in the year-ago quarter. The company cont ...
CNX Resources(CNX) - 2024 Q2 - Quarterly Report
2024-07-25 15:05
During the six months ended June 30, 2024, CNX completed a private offering of $400,000 aggregate principal amount of 7.25% CNX Senior Notes due March 2032 (the "CNX Senior Notes due March 2032") less an unamortized discount of $5,000. The CNX Senior Notes due March 2032, along with the related guarantees, were issued pursuant to an indenture dated February 23, 2024 and accrue interest from February 23, 2024 at a rate of 7.25% per year. Interest is payable semi-annually in arrears on March 1 and September 1 ...
CNX Resources Corporation. (CNX) Tops Q2 Earnings Estimates
ZACKS· 2024-07-25 13:01
Over the last four quarters, the company has surpassed consensus EPS estimates four times. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. While CNX Resources has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? Ahead of this earnings release, the estimate revisions trend for CNX Resources: m ...
CNX Resources(CNX) - 2024 Q2 - Quarterly Results
2024-07-25 10:54
2Q 2024 Earnings Results & Supplemental Information of CNX Resources | TABLE OF CONTENTS: Page: | | | --- | --- | | Production Volumes and Activity Summary | 2 | | Hedge Volumes and Pricing… | 3 | | Gas Hedging Gain/Loss Projections and Actuals | 4 | | Consolidated Statements of Income | 5 | | Consolidated Balance Sheets | 6 | | Consolidated Statements of Cash Flows… | 7 | | Market Mix and Natural Gas Price Reconciliation… | 8 | | Price and Cost Data (Per Mcfe) | 9 | | Guidance… | 10 | | Definitions | 11 | ...
What's in Store for CNX Resources (CNX) in Q2 Earnings?
ZACKS· 2024-07-23 14:02
CNX Resources Corporation (CNX) is scheduled to release second-quarter 2024 results on Jul 25, before market open. The company delivered an earnings surprise of 25% in the last reported quarter. Factors to Note The systematic buybacks during the quarter are expected to have boosted earnings per share. Ongoing debt reduction is likely to have resulted in decreased interest expenses. Q2 Expectations The consensus mark for total production volumes is pegged at 135.4 billion cubic feet equivalent, up 0.9% year ...
CNX Resources Corporation. (CNX) Expected to Beat Earnings Estimates: Can the Stock Move Higher?
ZACKS· 2024-07-18 15:09
The earnings report, which is expected to be released on July 25, 2024, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower. This company is expected to post quarterly earnings of $0.27 per share in its upcoming report, which represents a year-over-year change of -6.9%. Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts. The ...
CNX Releases 'Radically Transparent' Corporate Sustainability Report
Prnewswire· 2024-06-05 10:45
2023 Report Details Progress Towards Unique Appalachia First Sustainability Goals Generating Long-term Value for Shareholders, Employees, and Appalachian Region PITTSBURGH, June 5, 2024 /PRNewswire/ -- Today, CNX Resources Corp. (NYSE: CNX) published its thirteenth annual Corporate Sustainability Report, Radical Transparency, highlighting how the Company's distinct corporate strategy and investment approach continues to deliver material results for all stakeholder groups across the Appalachian region and be ...
KeyState, CNX Advancing Transformational Hydrogen and Sustainable Aviation Fuel Hub at Pittsburgh International Airport
Prnewswire· 2024-05-15 10:45
Proposed facility will help catalyze hydrogen and sustainable aviation fuel industries at scale, propel the aviation sector's decarbonization goals, lower transportation costs, and create supply chain efficiencies PITTSBURGH, May 15, 2024 /PRNewswire/ -- To accelerate regional and national hydrogen and sustainable aviation fuel (SAF) development, KeyState Energy (KeyState), CNX Resources Corp. (NYSE: CNX), and Pittsburgh International Airport (PIT) today announced a collaboration to bring yet another transf ...