CNX Resources(CNX)

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CNX Resources Corporation Announces First Quarter 2025 Financial Results and Q&A Conference Call Schedule
Prnewswire· 2025-04-02 10:45
PITTSBURGH, April 2, 2025 /PRNewswire/ -- CNX Resources Corp. (NYSE: CNX) will announce its financial results for Q1 2025 at 6:45 a.m. Eastern Time on Thursday, April 24. 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 Q1 2025 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 Conference ...
CNX Foundation to Take on School Lunch Debt, Local Veterans' Needs, and Other Socio-Economic Hardships of Residents and Families in Operating Communities
Prnewswire· 2025-02-12 11:45
Company and Foundation Expanding Unique Appalachia First Micro-Targeted Approach to Tangible, Impactful, Local Community Investments PITTSBURGH, Feb. 12, 2025 /PRNewswire/ -- CNX Resources Corporation (NYSE: CNX), President and CEO Nick Deiuliis, and the CNX Foundation today announced they have commenced a new campaign to erase school lunch debt, support local veterans, and address essential needs of families in the region as part of the Company's Appalachia First strategic vision. Eschewing the typical c ...
CNX Resources(CNX) - 2024 Q4 - Annual Report
2025-02-11 18:11
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].
CNX Resources: Headwinds From Underwater Hedges
Seeking Alpha· 2025-02-08 15:10
Elliott Gue knows energy. Since earning his bachelor’s and master’s degrees from the University of London, Elliott has dedicated himself to learning the ins and outs of this dynamic sector, scouring trade magazines, attending industry conferences, touring facilities and meeting with management teams. For seven years, Elliott Gue shared his expertise and stock-picking abilities with individual investors through a highly regarded, energy-focused research publication. Elliott Gue’s knowledge of the sector and ...
CNX or CRK: Which Is the Better Value Stock Right Now?
ZACKS· 2025-01-31 17:41
Investors with an interest in Oil and Gas - Exploration and Production - United States stocks have likely encountered both CNX Resources Corporation. (CNX) and 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.Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The ...
Should Value Investors Buy CNX Resources (CNX) Stock?
ZACKS· 2025-01-31 15:46
Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use tried-and-true metrics and fundamental a ...
Why CNX Resources Corporation. (CNX) is a Top Value Stock for the Long-Term
ZACKS· 2025-01-31 15:40
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.It also includes access to the Zacks Style Scores. What are the Zacks Style Scores? The Zacks Style ...
CNX Resources Corporation (CNX) Q4 2024 Earnings Conference Call Transcript
Seeking Alpha· 2025-01-30 18:11
Group 1 - CNX Resources Corporation held its Fourth Quarter 2024 Earnings Conference Call on January 30, 2025, at 10:00 AM ET [1] - The call featured key company participants including the Vice President of Investor Relations, President and CEO, Chief Financial Officer, Chief Operating Officer, and President of New Technologies [1][5] - An updated slide presentation and detailed earnings release data were made available on the Investor Relations website prior to the call [4] Group 2 - The conference call was structured to focus exclusively on Q&A following a brief presentation [2][3] - Participants in the call included analysts from various financial institutions such as TD Cowen, JPMorgan, and Bank of America [1]
CNX Resources Q4 Earnings Beat Estimates, Revenues Increase Y/Y
ZACKS· 2025-01-30 15:06
CNX Resources Corporation (CNX) reported fourth-quarter 2024 operating earnings of 57 cents per share, which beat the Zacks Consensus Estimate of 43 cents by 32.6%. However, the bottom line decreased 16.2% from 68 cents in the year-ago quarter.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.CNX’s RevenuesThe company reported revenues of $386 million, which missed the Zacks Consensus Estimate of $411 million by 6.2%. However, the top line increased 2.7% from the prior-year quarter’s $3 ...
CNX Resources Corporation. (CNX) Q4 Earnings Surpass Estimates
ZACKS· 2025-01-30 14:05
CNX Resources Corporation. (CNX) came out with quarterly earnings of $0.57 per share, beating the Zacks Consensus Estimate of $0.43 per share. This compares to earnings of $0.68 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 32.56%. A quarter ago, it was expected that this company would post earnings of $0.32 per share when it actually produced earnings of $0.41, delivering a surprise of 28.13%.Over the last four quarters, th ...