CNX Resources(US:CNX) ZACKS·2025-10-31 19:21Core Insights - CNX Resources Corporation reported third-quarter 2025 operating earnings of 49 cents per share, exceeding the Zacks Consensus Estimate of 37 cents by 32.4% and increasing 19.5% from 41 cents in the same quarter last year [1][8] - The company achieved revenues of $423 million, surpassing the Zacks Consensus Estimate of $366 million by 15.6% and rising 19.5% from $354 million in the prior-year quarter [2][8] Financial Performance - The average selling price for the quarter was $2.62 per thousand cubic feet equivalent (Mcfe), a slight decrease of 0.4% from $2.63 in the previous year [3] - Total production cost was $1.71 per Mcfe, down 2.8% year over year [3] - Total production volumes reached 161.3 billion cubic feet equivalent (Bcfe), marking a 19.9% increase year over year [3] - Interest expenses amounted to $43 million, reflecting a 13.3% increase from the previous year [3] Share Repurchase and Capital Management - During the third quarter, CNX repurchased 6.1 million shares at an average price of $30.12 per share, totaling $182 million, and has repurchased approximately 43% of its outstanding shares over the past 20 quarters [4][8] - As of September 30, 2025, cash and cash equivalents were $4.7 million, down from $17.2 million as of December 31, 2024 [5] - Long-term debt increased to $2.25 billion from $1.84 billion as of December 31, 2024 [5] - Cash from operating activities for the first nine months of 2025 was $731.9 million, compared to $547 million in the same period last year [5] - Free cash flow for the same period amounted to $226 million [5] Capital Expenditure and Guidance - Capital expenditure for the first nine months totaled $320.6 million, down from $434.8 million in the prior-year period [6] - CNX now expects total capital expenditure for 2025 to be between $475 million and $500 million, slightly adjusted from the previous range of $450-$500 million [7] - The company raised its 2025 production volume guidance to a range of 620-625 Bcfe, up from the previous guidance of 615-620 Bcfe [7] - Total free cash flow is now expected to be $640 million [7] - Adjusted EBITDAX for 2025 is projected to be in the range of $1.2-$1.225 billion, revised down from $1.225-$1.275 billion [7]