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% ...

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]

Core Insights - The oil/energy sector is experiencing significant challenges in Q1 2025 due to fluctuating commodity prices and market uncertainties, with oil prices declining and natural gas prices increasing, creating a mixed environment for companies in this sector [1] Oil Price Performance - In Q1 2025, the average price of West Texas Intermediate crude fell to $71.84 per barrel, down from $77.56 in the previous year, driven by concerns over weaker global economic growth, increased supply from non-OPEC+ nations, and lower-than-expected demand [2] - Escalating trade tensions and rising oil inventories further pressured oil prices [2] Natural Gas Price Trends - Natural gas prices increased significantly, with the Henry Hub spot price averaging $4.15 per million British thermal units (MMBtu), up from $2.13 per MMBtu in the prior-year quarter, primarily due to colder weather boosting heating demand and rising LNG exports [3] Earnings Outlook for Oil/Energy Sector - Oil/energy companies in the S&P 500 are projected to report an 11.1% year-over-year earnings decline for Q1 2025, continuing a downward trend from the previous quarter [4] - In contrast, the broader S&P 500 is expected to see a 6.8% earnings increase, highlighting the underperformance of the oil/energy sector [5] Revenue Trends - Revenue for oil/energy companies is projected to decline by 0.4% year-over-year, while S&P 500 revenues are on track to grow by 3.9%, indicating struggles in maintaining top-line growth in a changing commodity environment [6] Margin Compression - The earnings drag from lower oil prices continues to dominate despite higher natural gas prices, compressing margins and making it difficult for companies to deliver consistent results [7][9] Sector Performance Comparison - Other sectors, such as Technology (+12.5%), Medical (+34.7%), and Utilities (+14.1%), are experiencing strong earnings growth, while the oil/energy sector remains the worst performer alongside other weak sectors like autos and basic materials [8] Company-Specific Earnings Insights - TechnipFMC plc (FTI) has an Earnings ESP of -0.92% and a Zacks Rank 3, indicating low chances of an earnings beat, with a consensus estimate of 36 cents per share, suggesting a 63.64% increase from the prior year [11][13] - Valero Energy Corporation (VLO) has an Earnings ESP of -14.71% and a Zacks Rank 3, with a consensus estimate of 43 cents per share, indicating an 88.74% decrease from the prior year [13] - RPC, Inc. (RES) has an Earnings ESP of 0.00% and a Zacks Rank 3, with a consensus estimate of 7 cents per share, suggesting a 46.15% decrease from the prior year [14][15] - CNX Resources Corporation (CNX) has an Earnings ESP of -2.96% and a Zacks Rank 3, with a consensus estimate of 65 cents per share, indicating a 44.44% increase from the prior year [16][17]

Core Insights - Analysts forecast CNX Resources Corporation will report quarterly earnings of $0.65 per share, reflecting a year-over-year increase of 44.4% [1] - Expected revenues are projected to be $495.75 million, showing a 30.1% increase compared to the same quarter last year [1] Earnings Estimates - There has been a downward revision of 3% in the consensus EPS estimate over the past 30 days, indicating a reappraisal by analysts [2] - Changes in earnings estimates are crucial for predicting investor reactions, with empirical studies showing a strong relationship between earnings estimate revisions and short-term stock performance [3] Key Metrics Forecast - The consensus estimate for 'NGLs - Gross Price' is $22.99, down from $23.94 in the previous year [4] - 'Oil/Condensate - Gross Price' is expected to be $54.41, compared to $64.08 in the same quarter last year [5] - 'Average Daily Production' is forecasted to reach 1,658.29 Mcfe/D, up from 1,542.4 Mcfe/D in the same quarter last year [5] - 'Total Production Volumes' are expected to be 149.25 Bcfe, compared to 140.4 Bcfe in the same quarter last year [6] - 'Natural Gas - Sales Volume' is projected to be 137.11 MMcf, up from 128.94 MMcf in the same quarter last year [6] - 'Oil/Condensate - Sales Volume' is expected to be 47.62 MBBL, compared to 29 MBBL in the same quarter last year [7] - 'NGL - Sales Volume' is forecasted to reach 2,133.99 MBBL, up from 1,873 MBBL in the same quarter last year [7] Stock Performance - CNX Resources shares have returned -6% over the past month, compared to the Zacks S&P 500 composite's -8.9% change [8] - The company holds a Zacks Rank 3 (Hold), indicating it is expected to mirror overall market performance in the near future [8]

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].