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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 ...

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]

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 (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 ...

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% ...