CNX Resources Corporation. (CNX) came out with quarterly earnings of $0.78 per share, beating the Zacks Consensus Estimate of $0.64 per share. This compares to earnings of $0.45 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 21.88%. A quarter ago, it was expected that this company would post earnings of $0.43 per share when it actually produced earnings of $0.57, delivering a surprise of 32.56%. Over the last four quarters, ...

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]

The oil/energy sector has faced significant headwinds in the first quarter of 2025, with shifting commodity prices and broader market uncertainties creating a tough operating environment. While oil prices declined due to weaker demand and increased supply, natural gas prices saw an uptick, presenting a mixed landscape for oil/energy companies. While expectations are low heading into earnings season, that opens the door for potential surprises. Could some oil/energy stocks defy the chances and deliver better ...

The current level reflects a downward revision of 3% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period. Wall Street analysts forecast that CNX Resources Corporation. (CNX) will report quarterly earnings of $0.65 per share in its upcoming release, pointing to a year-over-year increase of 44.4%. It is anticipated that revenues will amount to $495.75 million, exhibit ...

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].

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].