Company Overview - Whitecap's market capitalization is approximately $14 billion[9] and enterprise value is around $17 billion[13] - The company's 2026 production guidance is 372,500 boe/d[9], with an expected funds flow of $3.3 billion[9] and a capital budget of $2.05 billion[9] - Whitecap targets a total shareholder return of 10%-15% annually[14] Financial Strength - The company has a low leverage ratio of approximately 1.0x Net Debt / Funds Flow[9] and an investment-grade credit rating of BBB by DBRS[18] - Whitecap has $3.3 billion in net debt[28], with 50% fixed interest rate debt and 50% variable interest rate debt[28] - The company targets a payout ratio of 20%-25% for its base dividend[20], with an annual dividend of $0.73 per share[9] Asset Portfolio - Whitecap has a diversified asset base with approximately 10,500 inventory locations, split between 55% conventional and 45% unconventional[35] - The company holds approximately 1,500,000 acres of Montney & Duvernay rights[43] and has approximately 4,700 Montney & Duvernay locations in inventory[43] - The company estimates 5,800 primarily light oil conventional drilling locations[17]

Core Insights - CNX Resources Corporation reported a revenue of $423 million for the quarter ended September 2025, marking a 19.5% increase year-over-year and a surprise of +15.6% over the Zacks Consensus Estimate of $365.91 million [1] - The earnings per share (EPS) for the quarter was $0.49, compared to $0.41 in the same quarter last year, resulting in an EPS surprise of +32.43% against the consensus estimate of $0.37 [1] Performance Metrics - Average Daily Production was 1,753.30 Mcfe/D, exceeding the four-analyst average estimate of 1,704.24 Mcfe/D [4] - Total Production Volumes reached 161.30 Bcfe, surpassing the four-analyst average estimate of 156.79 Bcfe [4] - NGL Sales Volume was 2,007.00 MBBL, compared to the four-analyst average estimate of 1,748.51 MBBL [4] - Oil/Condensate Sales Volume was 53.00 MBBL, exceeding the average estimate of 32.33 MBBL from four analysts [4] - NGLs Gross Price was $18.24, slightly above the four-analyst average estimate of $18.16 [4] - Realized Natural Gas Price per Mcf was $2.57, compared to the average estimate of $2.38 based on three analysts [4] - Natural Gas Sales Volume was 148.94 MMcf, slightly higher than the average estimate of 146.10 MMcf based on three analysts [4] - Oil/Condensate Gross Price was $56.94, compared to the average estimate of $51.16 from three analysts [4] - Average Sales Price for Natural Gas was $2.43, below the average estimate of $2.71 based on three analysts [4] Stock Performance - CNX Resources shares have returned -5.4% over the past month, while the Zacks S&P 500 composite has increased by +3.6% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]

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]