CNX Resources (CNX) Q1 Earnings Beat Estimates, Revenues Lag

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 ...