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].

Company Overview - CNX Resources Corporation (CNX) is expected to report a year-over-year increase in earnings due to higher revenues for the quarter ended March 2025, with a consensus outlook indicating a positive earnings picture [1] - The upcoming earnings report is scheduled for April 24, and the stock may react positively if key numbers exceed expectations, while a miss could lead to a decline [2] Earnings Estimates - The Zacks Consensus Estimate anticipates quarterly earnings of $0.65 per share, reflecting a year-over-year increase of 44.4% [3] - Revenues are projected to be $495.56 million, representing a 30.1% increase from the same quarter last year [3] Estimate Revisions - Over the last 30 days, the consensus EPS estimate has been revised down by 1.26%, indicating a reassessment by analysts regarding the company's earnings prospects [4] - The Most Accurate Estimate for CNX is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -3.08%, suggesting a bearish outlook from analysts [10][11] Earnings Surprise Prediction - The Zacks Earnings ESP model compares the Most Accurate Estimate to the Zacks Consensus Estimate, with a positive Earnings ESP indicating a higher likelihood of an earnings beat [6][8] - However, a negative Earnings ESP reading does not necessarily predict an earnings miss, making it challenging to forecast outcomes with confidence [9] Historical Performance - In the last reported quarter, CNX Resources exceeded the expected earnings of $0.43 per share by delivering $0.57, resulting in a surprise of 32.56% [12] - The company has successfully beaten consensus EPS estimates in each of the last four quarters [13] Conclusion - While CNX Resources does not appear to be a strong candidate for an earnings beat based on current estimates, investors should consider other factors before making investment decisions [16]

Group 1 - CNX Resources Corp. will announce its Q1 2025 financial results on April 24, 2025, at 6:45 a.m. Eastern Time [1] - A press release will be issued containing links to prepared remarks, presentation materials, and supplemental information for Q1 2025 [1] - A Q&A conference call and webcast will follow the financial results announcement [2] Group 2 - CNX Resources is a premier ultra-low carbon intensive natural gas company based in Appalachia, with a legacy of 161 years [3] - The company has 8.54 trillion cubic feet equivalent of proved natural gas reserves as of December 31, 2024 [3] - CNX Resources is a member of the Standard & Poor's Midcap 400 Index [3]

Core Perspective - CNX Resources Corporation is launching a new campaign focused on erasing school lunch debt, supporting local veterans, and addressing essential needs of families in the Appalachia region as part of its Appalachia First strategic vision [1][5]. Group 1: Philanthropic Approach - CNX adopts a hyper-localized investment strategy, prioritizing direct support to individuals and entities in need rather than large non-profits, fostering a virtuous cycle of community investment [2]. - The 2025 campaign will be fully funded by the CEO, who will reduce his compensation accordingly, following a cumulative offset of $4 million since 2022 [3]. Group 2: Initiatives and Impact - The CNX Foundation's flagship Mentorship Academy initiative aims to provide career-readiness programming and access to employment opportunities for underserved youth in the region [4]. - The campaign includes specific initiatives such as eliminating school lunch debt, supporting veterans through local organizations, and addressing essential needs like medical expenses for families [7][8]. Group 3: Company Overview - CNX Resources Corporation is a premier natural gas company with a focus on ultra-low carbon intensity, operating in the energy-rich Appalachia region, holding 8.54 trillion cubic feet equivalent of proved natural gas reserves as of December 31, 2024 [6].