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].

Group 1 - Elliott Gue is recognized as a leading expert in the energy sector, having dedicated years to understanding its dynamics through various means such as attending industry conferences and engaging with management teams [1] - In 2008, Elliott Gue was acknowledged as "the world's leading energy strategist" during the G-8 Summit in Tokyo, highlighting his expertise and investment acumen [1] - In October 2012, the launch of the Energy & Income Advisor newsletter aimed to identify profitable opportunities in the energy sector, covering a range of investment types including growth stocks and high-yielding utilities [1] Group 2 - The Energy & Income Advisor publication continues to provide in-depth analysis and rational assessments of investment opportunities in the energy sector, maintaining its focus despite changes in the masthead [1]

Core Viewpoint - CNX Resources Corporation (CNX) and Comstock Resources (CRK) are both considered by investors in the Oil and Gas - Exploration and Production sector, with a focus on determining which stock offers better value for investment at present [1]. Valuation Metrics - CNX has a forward P/E ratio of 11.68, while CRK has a forward P/E of 35.89, indicating that CNX may be undervalued compared to CRK [5]. - The PEG ratio for CNX is 0.36, suggesting a favorable valuation relative to its expected earnings growth, whereas CRK has a PEG ratio of 1.60 [5]. - CNX's P/B ratio is 0.96, which is lower than CRK's P/B of 2.40, further supporting the notion that CNX is more attractively valued [6]. Earnings Outlook - Both CNX and CRK currently hold a Zacks Rank of 2 (Buy), indicating a positive earnings outlook due to favorable analyst estimate revisions [3]. - CNX is rated with a Value grade of A, while CRK has a Value grade of C, suggesting that CNX is the superior value option based on various valuation metrics [6].

Core Viewpoint - CNX Resources is currently identified as a strong value stock, supported by various valuation metrics indicating it may be undervalued in the market [3][7]. Valuation Metrics - CNX Resources has a PEG ratio of 0.36, significantly lower than the industry average of 0.98, indicating potential undervaluation [4]. - The company's P/B ratio stands at 0.98, compared to the industry average of 1.87, suggesting an attractive valuation relative to its book value [5]. - CNX's P/CF ratio is 4.75, which is favorable when compared to the industry's average of 6.39, further supporting the notion of undervaluation [6]. Earnings Outlook - The strength of CNX Resources' earnings outlook enhances its position as one of the market's strongest value stocks, making it appealing to value investors [7].

Core Insights - Zacks Premium provides tools for investors to enhance their stock market strategies, including daily updates on Zacks Rank and Industry Rank, Equity Research reports, and Premium stock screens [1][2] Zacks Style Scores - Zacks Style Scores are indicators that rate stocks based on value, growth, and momentum, helping investors identify stocks likely to outperform the market in the next 30 days [2][3] - Stocks are rated from A to F, with A indicating the highest potential for outperformance [3] Value Score - The Value Style Score focuses on identifying undervalued stocks using metrics like P/E, PEG, Price/Sales, and Price/Cash Flow [3] Growth Score - The Growth Style Score assesses a company's financial strength and future outlook based on projected and historical earnings, sales, and cash flow [4] Momentum Score - The Momentum Style Score evaluates stocks based on price trends and earnings outlook changes, indicating optimal times to invest in high-momentum stocks [5] VGM Score - The VGM Score combines Value, Growth, and Momentum Scores, providing a comprehensive indicator for stock selection [6] Zacks Rank - The Zacks Rank is a proprietary model that uses earnings estimate revisions to guide investors in building successful portfolios [7] - Stocks rated 1 (Strong Buy) have historically produced an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [8] Stock Selection Strategy - To maximize returns, investors should focus on stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B [10] - Stocks with a 3 (Hold) rank should also have A or B Style Scores to ensure potential upside [10] CNX Resources Corporation - CNX Resources Corporation is an independent oil and gas exploration and production company, rated 2 (Buy) on the Zacks Rank with a VGM Score of B [12] - The company has a Value Style Score of A, with a forward P/E ratio of 11.68, indicating attractive valuation metrics [13] - Recent upward revisions in earnings estimates have increased the Zacks Consensus Estimate by $0.55 to $2.36 per share, with an average earnings surprise of 29.8% [13]

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 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) 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 ...

4Q 2024 Earnings Results & Supplemental Information of CNX Resources | TABLE OF CONTENTS: Page: | | | --- | --- | | Production Volumes and Activity Summary | 2 | | Hedge Volumes and Pricing… | 3 | | 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 | | Definitions | 11 | | Sal ...

PITTSBURGH, Jan. 30, 2025 /PRNewswire/ -- CNX Resources Corporation (NYSE: CNX) ("CNX" or "the company") today released financial and operational results for the fourth quarter 2024 by posting those results on its website as detailed below.The company's fourth quarter prepared remarks can be accessed by clicking here.Fourth quarter earnings results and supplemental information regarding quarterly E&P data such as production volumes and hedging information, financial statements, and non-GAAP reconciliations ...