CNX Resources Corporation (CNX) reported first-quarter 2024 operating earnings of 45 cents per share, which beat the Zacks Consensus Estimate of 36 cents by 25%. However, it is down 19.6% from 56 cents per share in the year-ago quarter.RevenuesFirst-quarter revenues of $381 million missed the Zacks Consensus Estimate of $420 million by 9.3%. The top line also decreased 3.5% from the prior-year quarter’s $395 million. Highlights of the ReleaseThe average selling price in the quarter was $2.71 per thousand cu ...

TABLE OF CONTENTS: Page: Gas Hedging Gain/Loss Projections and Actuals.............................................................................................................. 4 Consolidated Balance Sheets............................................................................................................................................ 6 Market Mix and Natural Gas Price Reconciliation….......................................................................................................... 8 Ye ...

New entity, operated by Deep Well Services, to leverage CNX proprietary technology along with Deep Well's domain expertise to provide industry leading automation solutions Collaboration creates efficiencies in the flowback process that lowers costs, improves safety, reduces environmental impact, and minimizes associated methane emissions ZELIENOPLE, Pa. and PITTSBURGH, April 24, 2024 /PRNewswire/ -- Deep Well Services (DWS) and CNX Resources Corp. (NYSE: CNX) today announced a joint venture to launch AutoS ...

Partnership combines engineering innovation, technology, and natural gas assets to revolutionize the CNG and micro-scale LNG industries CNX achieves first-of-its-kind ZeroHP CNG™ production at scale on pad in Southwestern Pennsylvania, catalyzing Company entry into downstream energy markets with leading, innovative technology solutions Zero Horsepower (ZeroHP) CNG creates decentralized CNG production market to better meet growing demand for clean, affordable energy Low Horsepower, Clean mLNG™ advances cost- ...

CNX Resources Corporation (CNX) is scheduled to release first-quarter 2024 results on Apr 25, before market open. The company delivered an earnings surprise of 151.9% in the last reported quarter.Let’s discuss the factors that are likely to be reflected in the upcoming quarterly results.Factors to ConsiderCNX Resources’ free cash flow generation and utilization of the same are likely to have helped repurchase shares and reduce debts in the first quarter. The systematic buybacks during the quarter are expect ...

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering CNX Resources Corporation. (CNX) , which belongs to the Zacks Oil and Gas - Exploration and Production - United States industry.This company has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 93.23%.For the last reported quarter, CNX ...

PITTSBURGH, April 9, 2024 /PRNewswire/ -- CNX Resources Corporation (NYSE: CNX) today announced that it is nearing completion of its Kiski Water Line project, which will serve the Company's local operational needs, reduce the local impact of natural gas development, and potentially optimize regional water resources by providing additional reliable water infrastructure to area communities. The $20 million project is expected to be completed in June 2024 and will serve future natural gas development in the a ...

PITTSBURGH, April 3, 2024  /PRNewswire/ -- CNX Resources Corp. (NYSE: CNX) will announce its financial results for Q1 2024 at 6:45 a.m. Eastern Time on Thursday, April 25. At that time, CNX will issue a brief press release containing links to its prepared remarks for the quarter, presentation materials, and supplemental information providing a Q1 2024 update. These materials will be available on CNX's Investor Relations website. This release will be followed by a Q&A conference call and webcast. Q&A Confere ...

CNX Resources Corporation (CNX) , to accommodate continued lower outlook for near- term natural gas prices, decided to lower its 2024 production volumes and also reduce planned capital expenditure. The strategic move of the company will allow it from pushing incremental natural gas volumes into the current oversupplied market.Reduction in Annual GuidanceCNX Resources now expects its 2024 annual production volumes in the range of 540-560 billion cubic feet equivalent (Bcfe), down from the previous expectatio ...

PITTSBURGH, March 12, 2024 /PRNewswire/ -- CNX Resources Corporation (NYSE: CNX) ("CNX" or "the company") today announced an operational and guidance update. In response to the continued lower outlook for near term natural gas prices, the company will delay completions activities on three upcoming Marcellus Shale pads consisting of 11 wells to avoid bringing incremental volumes into the current oversupplied market.  As a result of these changes to the operational plan, the company now expects the following ...