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]

Group 1: Zacks Premium Overview - Zacks Premium offers various tools for investors, including daily updates on Zacks Rank and Industry Rank, access to the Zacks 1 Rank List, Equity Research reports, and Premium stock screens to enhance investment confidence [1][2] - The service aims to help investors identify stocks with the highest chances of outperforming the market over the next 30 days through the Zacks Style Scores [2][10] Group 2: Zacks Style Scores - Zacks Style Scores rate stocks using an alphabetic system (A, B, C, D, F) based on value, growth, and momentum qualities, with higher scores indicating a better chance of outperforming the market [3][6] - The Style Scores are categorized into four types: Value Score, Growth Score, Momentum Score, and VGM Score, each focusing on different investment strategies [3][4][5][6] Group 3: Zacks Rank and Performance - The Zacks Rank is a proprietary stock-rating model that utilizes earnings estimate revisions to assist in portfolio building, with 1 (Strong Buy) stocks achieving an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [7][8] - Investors are encouraged to focus on stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B for the best chances of high returns [10][11] Group 4: Company Spotlight - CNX Resources Corporation - CNX Resources Corporation is an independent oil and gas exploration and production company, currently holding a Zacks Rank of 3 (Hold) and a VGM Score of A [12] - The company has a Momentum Style Score of B, with shares increasing by 8.7% over the past four weeks, and an upward revision in earnings estimates for fiscal 2025 [13]

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].

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].

分组1 - Zacks Premium offers various tools for investors to enhance their stock market engagement and confidence, including daily updates, research reports, and stock screens [1][2] - The Zacks Style Scores are complementary indicators that rate stocks based on value, growth, and momentum methodologies, helping investors identify stocks likely to outperform the market in the short term [3][4] 分组2 - The Value Score focuses on identifying undervalued stocks using metrics like P/E, PEG, and Price/Sales ratios, appealing to value investors [4] - The Growth Score assesses a company's future prospects through projected earnings and sales, targeting growth investors [5] - The Momentum Score utilizes price trends and earnings estimate changes to assist momentum traders in timing their investments [6] 分组3 - The VGM Score combines all three Style Scores, providing a comprehensive rating that highlights stocks with attractive value, growth potential, and positive momentum [7] - The Zacks Rank, a proprietary stock-rating model, uses earnings estimate revisions to simplify portfolio building, with 1 (Strong Buy) stocks achieving an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [8][9] 分组4 - Investors are encouraged to focus on stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B for the highest probability of success, while 3 (Hold) ranked stocks should also have favorable Style Scores to maximize upside potential [11][12] - CNX Resources Corporation, an independent oil and gas exploration and production company, is currently rated 3 (Hold) with a VGM Score of B and a Value Style Score of B, indicating attractive valuation metrics [13][14] - CNX has a forward P/E ratio of 14.41 and has seen an upward revision in earnings estimates, with a Zacks Consensus Estimate of $2.24 per share for fiscal 2025, along with an average earnings surprise of 29% [14]

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 ...