CNX Resources(CNX)

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CNX Resources Corporation Announces Second Quarter 2025 Financial Results and Q&A Conference Call Schedule
Prnewswire· 2025-07-03 10:45
Financial Results Announcement - CNX Resources Corp. will announce its financial results for Q2 2025 on July 24 at 6:45 a.m. Eastern Time [1] - A brief press release will be issued containing links to prepared remarks, presentation materials, and supplemental information [1] Q&A Conference Call - Following the financial results announcement, a Q&A conference call and webcast will take place [1] - A replay of the Q&A conference call and webcast will be available on CNX's Investor Relations page [2] Company Overview - CNX Resources Corporation is a premier, ultra-low carbon intensive natural gas development, production, midstream, and technology company based in Appalachia [3] - The company has a 161-year regional legacy and substantial asset base, with 8.54 trillion cubic feet equivalent of proved natural gas reserves as of December 31, 2024 [3] - CNX is a member of the Standard & Poor's Midcap 400 Index [3]
Why CNX Resources Corporation. (CNX) is a Top Momentum Stock for the Long-Term
ZACKS· 2025-06-23 14:56
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 research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.It also includes access to the Zacks Style Scores. What are the Zacks Style Scores? The Zacks ...
Callinex Received 2-Year Exploration Permit for Pt. Leamington Project, Newfoundland
Globenewswire· 2025-06-12 12:30
Core Viewpoint - Callinex Mines Inc. has received a two-year exploration permit for its Pt. Leamington Project, allowing for immediate exploration activities aimed at expanding the existing mineral resource and testing new targets [2][3][8]. Company Overview - Callinex Mines Inc. is focused on advancing its portfolio of base and precious metals deposits in established Canadian mining jurisdictions, with a significant emphasis on the Pt. Leamington Deposit in Newfoundland [9]. Exploration Permit Details - The exploration permit is valid until June 2027 and enables ground geophysics and diamond drilling at the Pt. Leamington VMS Deposit [3][8]. - Additional exploration permits have been submitted for a planned 2025 surface field exploration campaign, which includes prospecting, geological mapping, and geochemical rock sampling [3][8]. Project Specifications - The Pt. Leamington Project is located approximately 37 km from Grand Falls-Windsor and 20 km from the provincial power grid, featuring a large VMS deposit with a strike length of 500 m and a maximum thickness of 85 m [5]. - The project has an Indicated Mineral Resource of 5.0 million tonnes grading 2.5 g/t AuEq, equating to 402,000 ounces of AuEq, and an Inferred Mineral Resource of 13.7 million tonnes grading 2.24 g/t AuEq, equating to 986,500 ounces of AuEq [5][9]. Exploration Plans - An exploration campaign is anticipated to begin in Q3 2025, focusing on expanding the current resource base and refining targets generated from airborne electromagnetic anomalies [4][6][8]. - The company has identified several untested geophysical anomalies within favorable geological units for further exploration [6]. Government Support - The streamlined permitting process reflects strong government and local support for mining activities in Newfoundland, enhancing the region's reputation as a tier one mining jurisdiction [4][8].
CNX Announces Promotion of Alan Shepard to President
Prnewswire· 2025-06-12 10:45
Core Viewpoint - CNX Resources Corporation has promoted Alan Shepard to President while retaining his role as Chief Financial Officer, reflecting the company's confidence in his leadership and contributions to future growth [2]. Group 1: Leadership Changes - Alan Shepard has been promoted to President in addition to his current role as Chief Financial Officer [1][2]. - The Board of Directors unanimously approved this promotion, indicating strong support for Shepard's leadership [2]. Group 2: Company Vision and Strategy - CEO Nick Deiuliis emphasized the opportunity for CNX to create per-share value and positively impact Appalachian communities [2]. - The promotion of Shepard is seen as a recognition of his integral role in developing and executing CNX's sustainable business model and capital allocation approach [2]. Group 3: Company Overview - CNX Resources Corporation is a premier natural gas company focused on ultra-low carbon intensive development, production, and technology in Appalachia [3]. - As of December 31, 2024, CNX had 8.54 trillion cubic feet equivalent of proved natural gas reserves, showcasing its substantial asset base [3].
Here's Why CNX Resources Corporation. (CNX) is a Strong Value Stock
ZACKS· 2025-06-03 14:46
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.Zacks Premium includes access to the Zacks Style Scores as we ...
Free Cash Flow Grows At CNX, Despite Current Challenges
Seeking Alpha· 2025-05-16 14:22
Robert F. Abbott has been investing his family’s accounts since 1995, and in 2010 added options, mainly covered calls and collars with long stocks. He is a freelance writer, and his projects include a website that provides information for new and intermediate-level mutual fund investors. A resident of Airdrie, Alberta, Canada, Robert has earned Bachelor of Arts and Master of Business Administration (MBA) degrees.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the co ...
CNX Releases Updated 2024 Corporate Sustainability Report, Announces Shift to Industry-Leading ESG Reporting
Prnewswire· 2025-05-14 10:45
Core Insights - CNX Resources Corporation has released its updated Corporate Sustainability Report for 2024, emphasizing a shift from static annual reports to continuous updates on its website and quarterly ESG Performance Scorecard data [1][2] Environmental Stewardship - CNX has achieved significant milestones in compressed natural gas (CNG) usage, reducing emissions by 30% and operating costs by 50% through the deployment of CNG-fueled water-hauling trucks [4] - The company reported a nearly 30% reduction in methane intensity in its production segment compared to 2023, supported by a $5 million investment in new technologies [5] - CNX captured approximately 9.1 million metric tons of waste methane CO₂e, which is recognized by the U.S. Treasury for its potential in clean hydrogen production [5] Water Stewardship - In 2024, CNX recycled and reused more produced water than it generated, minimizing freshwater consumption and reducing the need for water transportation in local communities [6] Community and Workforce Engagement - CNX opened a new office in North Apollo, enhancing access for local residents and businesses, and established a regional headquarters in Richlands, Virginia, to support mine methane capture operations [8][9] - The company completed the $20 million Kiski Water Line project, improving water resource options for local residents and reducing community impact [10] Commitment to Transparency - CNX's Radical Transparency program includes continuous monitoring of emissions, with data shared in real-time with stakeholders and the Pennsylvania Department of Environmental Protection [5][10] - The company has committed to providing real-time updates on its ESG performance, reinforcing its dedication to transparency and accountability [13] Community Investments - In 2024, CNX Foundation contributed $3.7 million through 144 initiatives focused on community support, with employees volunteering over 3,500 hours [11] - The CNX Mentorship Academy saw a 44% increase in student participation, with over half of the graduates securing employment or internships in targeted industries [11]
CNX Resources (CNX) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
ZACKS· 2025-04-25 03:00
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]
CNX Resources(CNX) - 2025 Q1 - Quarterly Report
2025-04-24 18:36
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(CNX) - 2025 Q1 - Earnings Call Transcript
2025-04-24 18:54
CNX Resources (CNX) Q1 2025 Earnings Call April 24, 2025 02:54 PM ET Company Participants Tyler Lewis - VP of Investor RelationsZach Parham - Executive DirectorAlan Shepard - Chief Financial OfficerGabe Daoud - Managing Director, Energy Equity ResearchNoah Hungness - Equity Research AssociateJake Roberts - Director - E&P Research Conference Call Participants Leo Mariani - Managing Director, Senior Research Analyst Operator Good day, and welcome to the CNX Resources First Quarter twenty twenty five Q and A C ...