Financial Performance - For the quarter ended March 2025, CNX Resources Corporation reported revenue of $441 million, which is a 15.8% increase compared to the same period last year [1] - The earnings per share (EPS) for the quarter was $0.78, up from $0.45 in the year-ago quarter [1] - The reported revenue was below the Zacks Consensus Estimate of $492.42 million, resulting in a surprise of -10.44% [1] - The company delivered an EPS surprise of +21.88%, with the consensus EPS estimate being $0.64 [1] Key Metrics - CNX Resources' shares have returned -3.8% over the past month, compared to the Zacks S&P 500 composite's -5.1% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3] Price and Production Metrics - NGLs gross price was $26.52, exceeding the six-analyst average estimate of $22.95 [4] - Oil/Condensate gross price was $57.66, above the four-analyst average estimate of $54.76 [4] - Average sales price for natural gas was $3.66, compared to the four-analyst average estimate of $3.42 [4] - Average daily production was 1,642.3 Mcfe/D, slightly below the four-analyst average estimate of 1,653.45 Mcfe/D [4] - Total production volumes reached 147.8 Bcfe, compared to the 148.81 Bcfe average estimate based on four analysts [4] - Realized natural gas price per Mcf was $2.86, exceeding the four-analyst average estimate of $2.75 [4] - Natural gas sales volume was 135.41 MMcf, slightly below the three-analyst average estimate of 136.55 MMcf [4] - Oil/Condensate sales volume was 33 MBBL, significantly lower than the three-analyst average estimate of 47.62 MBBL [4] - NGL sales volume was 2,034 MBBL, below the three-analyst average estimate of 2,129.59 MBBL [4]

Financial Performance - CNX reported a net loss of $198 million, or loss per diluted share of $1.34, for Q1 2025, compared to net income of $7 million, or earnings per diluted share of $0.04, for Q1 2024[163]. - Total revenue for Q1 2025 was $82 million, a decrease from $384 million in Q1 2024, with sales of natural gas, NGL, and oil, including cash settlements, amounting to $441 million, up from $381 million[166]. - An unrealized loss on commodity derivative instruments of $418 million was recorded in Q1 2025, compared to a loss of $47 million in Q1 2024[164]. - Natural gas, NGL, and oil production costs for Q1 2025 were $247 million, slightly up from $237 million in Q1 2024[166]. - The natural gas, NGL, and oil production margin for Q1 2025 was $194 million, compared to $144 million in Q1 2024, reflecting an increase in profitability[167]. - The Other Segment incurred a loss before income tax of $486 million for Q1 2025, compared to a loss of $155 million in Q1 2024, primarily due to an unrealized loss on commodity derivatives of $418 million, up from $47 million in the prior year[190][192]. - The effective income tax rate for Q1 2025 was 27.5%, compared to (8.4)% in Q1 2024, indicating a significant change in tax benefit[211]. Sales and Production Volumes - The total sales volumes increased by 7.4 Bcfe to 147.8 Bcfe in Q1 2025, primarily due to the Apex Transaction and increased NGL sales volumes[168]. - Total Shale sales volumes increased by 7.6 Bcf to 138.4 Bcf in Q1 2025, compared to 130.8 Bcf in Q1 2024, driven by the Apex Transaction and increased ethane recoveries[176]. - Production volumes for Q1 2025 were 147.8 Bcfe, with full-year expectations between 605.0 Bcfe and 620.0 Bcfe[219]. Segment Performance - The Shale segment reported earnings before income tax of $215 million for Q1 2025, compared to $161 million for Q1 2024[174]. - Natural gas, NGLs, and oil/condensate revenue for the Shale segment increased to $508 million in Q1 2025 from $292 million in Q1 2024, a $216 million increase driven by a 73.8% rise in average gas sales price and a 5.8% increase in total sales volumes[176]. - The CBM segment reported a loss before income tax of $2 million for Q1 2025, compared to a nominal loss in Q1 2024[183]. - For the three months ended March 31, 2025, the CBM segment reported natural gas revenue of $43 million, a $10 million increase from $33 million in the same period of 2024, driven by a 33.8% increase in average sales price despite a 2.1% decrease in sales volumes[184]. Costs and Expenses - Total operating costs and expenses for the Shale segment were $207 million in Q1 2025, up from $198 million in Q1 2024, with lease operating expenses rising to $17 million[178]. - Total operating costs and expenses for the CBM segment rose to $38 million in Q1 2025 from $37 million in Q1 2024, with lease operating expenses increasing to $6 million from $5 million due to higher well tending and maintenance costs[186]. - Total SG&A costs rose to $39 million in Q1 2025 from $38 million in Q1 2024, with long-term equity-based compensation increasing by 28.6% due to more equity awards[199]. Cash Flow and Capital Expenditures - Cash provided by operating activities increased by $31 million to $216 million in Q1 2025, while cash used in investing activities rose significantly by $474 million to $(634) million[218]. - Capital expenditures for Q1 2025 were $131 million, with full-year expectations ranging between $450 million to $500 million[219]. - The company reported a net gain on asset sales of $10 million for the three months ended March 31, 2025, compared to a net loss of $20 million in Q1 2024[207]. Debt and Equity - Total debt as of March 31, 2025, was $2,691 million, including a current portion of long-term debt of $328 million[223]. - CNX had total equity of $3,771 million at March 31, 2025, compared to $4,098 million at December 31, 2024[226]. - The company repurchased $125 million of its common stock on the open market during the three months ended March 31, 2025[223]. Market and Regulatory Risks - Inflationary pressures, particularly related to steel, diesel fuel, and labor, continue to pose risks to CNX's financial position[160]. - Environmental regulations may increase costs and introduce uncertainties that could adversely impact the natural gas market, leading to potential short and long-term liabilities[232]. - Changes in federal or state tax laws focused on natural gas exploration and development could negatively affect CNX's financial position and profitability[232]. - Cybersecurity incidents targeting data systems could materially adversely affect CNX's business and financial condition[232]. Strategic Initiatives - CNX is committed to improving operational efficiency to mitigate potential cost increases from inflation[160]. - The company completed the acquisition of Apex Energy II, LLC, expanding its shale undeveloped leasehold in central Pennsylvania[162]. - CNX's hedged gas volumes include a combination of NYMEX financial hedges, index financial hedges, and physical fixed price sales[161].

CNX Resources Corporation (NYSE:CNX) Q1 2025 Earnings Conference Call April 24, 2025 10:00 AM ET Company Participants Tyler Lewis - VP, I% Alan Shepard - CFO Navneet Behl - COO Conference Call Participants Zachary Parham - JPMorgan Leo Mariani - ROTH Capital Partners Gabriel Daoud - TD Cowen Noah Hungness - Bank of America Jacob Roberts - Tudor, Pickering, Holt Operator Good day and welcome to the CNX Resources First Quarter 2025 Q&A Conference Call. All participants will be in listen-only mode. After today ...

CNX Resources Corporation (CNX) reported first-quarter 2025 operating earnings of 78 cents per share, which beat the Zacks Consensus Estimate of 64 cents by 21.9%. The bottom line also increased 73.3% from 45 cents in the year-ago quarter. (See the Zacks Earnings Calendar to stay ahead of market-making news.)CNX’s RevenuesThe company reported revenues of $441 million, which missed the Zacks Consensus Estimate of $492 million by 10.4%. However, the top line increased 15.7% from the prior-year quarter’s $381 ...

Oil stock CNX Resources Corp (NYSE:CNX) is down 4.1% at $29.34 at last glance, after the company reported a first-quarter earnings beat but lower-than-expected revenue. There is still support below at the $280 level, however, as well as a historically bullish trendline.The shares are within one standard deviation of their 260-day moving average, a trendline that, per Senior Quantitative Analyst Rocky White, CNX has encountered for the first time in at least eight of the last 10 trading days, after spending ...

"The company had another quarter of consistent operational execution resulting in the 21st consecutive quarter of free cash flow generation," commented Nick Deiuliis, president and CEO. "Utilizing this free cash flow, the company bought back shares at what we believe is a discount to our intrinsic value. Since the inception of the buyback program in 2020, we have retired approximately 38% of our outstanding shares." | Q1 2025 RESULTS SNAPSHOT AND 2025E | (1) | | --- | --- | | $100MM Q1 Free Cash Flow | 13% ...

1Q 2025 Earnings Results & Supplemental Information of CNX Resources | TABLE OF CONTENTS: Page: | | | --- | --- | | Production Volumes and Activity | 2 | | Summary | | | 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 | | Year end 2024 ...

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].

CNX Resources Corporation. (CNX) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2025. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released ...