CNX Resources

CNX Resources Corp. is an independent natural gas exploration, development and production companies, with operations centered in the major shale formations of the Appalachian basin. The company deploys an organic growth strategy focused on responsibly developing its resource base. The firm operates through the Marcellus Shale, and Coalbed Methane segments. The company was founded in 1864 and is headquartered in Canonsburg, PA.

Earnings data Q1 2021

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Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

CNX Resources excels in free cash flow generation and hedging strategies

CNX Resources had a strong performance in 2022 with record free cash flow generation and share retirements.
The company's competitive moat, sustainable business model, and hedging strategy position it well despite challenges.
Focus on capital allocation, production outlook, and operational improvements highlight growth opportunities.
Continuous emphasis on strategy execution, control over success factors, and efficient hedging strategies.

CNX Resources reports strong free cash flow amidst gas price challenges

CNX Resources showcased resilience in free cash flow generation amidst industry challenges from declining gas prices. The company's strong position as a low-cost producer in Appalachia and strategic operational plans provide a solid foundation for future growth and profitability.

CNX Resources excels in Q2, eyes growth through innovation

CNX Resources continues to demonstrate financial discipline and operational prowess, positioning themselves for future growth. With a focus on innovation, efficiency, and shareholder returns, CNX remains committed to creating long-term value for stakeholders.

CNX Resources reports resilient Q3 performance and eyes sustainable growth

CNX Resources demonstrated financial strength and operational efficiency in Q3 2023, with a focus on sustainable growth and shareholder value creation. Despite market challenges, the company remains committed to reducing emissions, driving innovation, and maximizing production potential. Future success hinges on navigating market fluctuations, capitalizing on growth opportunities, and strategic decision-making.

CNX Resources prioritizes financial discipline and growth opportunities in Q4 2023

CNX Resources navigated Q4 2023 with a focus on financial discipline, outlining plans for reduced capital expenditures and sustainable free cash flow growth. The company's strategic approach to balancing shareholder returns and debt reduction reflects a commitment to long-term value creation and operational efficiency.

CNX Resources excels in Q1 with New Tech ventures driving growth

CNX Resources showcases strong performance in Q1 2024, driven by innovative technology and strategic initiatives. While facing challenges in cash flow impact and market timelines, the company's proactive approach to risk management and growth opportunities position them well for the future.

CNX Resources reports robust Q2 performance and eyes revenue growth

CNX Resources showcased strong operational performance and revenue growth potential in Q2 2024.
The company's strategic focus on new technologies and revenue diversification bodes well for future prospects.
Challenges lie in managing service costs, revenue impact from third-party opportunities, and market uncertainties.
Opportunities exist in expanding CNG business, leveraging new technologies for revenue, and prudent risk management strategies.

CNX Resources delivers strong Q3 performance, eyes growth opportunities

CNX Resources reported improved operational performance and cost efficiencies in Q3 2024, reflecting a strategic focus on driving sustainable growth and maximizing shareholder value. The company's emphasis on regulatory clarity, efficiency enhancements, and growth initiatives underscores its commitment to navigating industry challenges and seizing opportunities for expansion. With a proactive approach to addressing market dynamics and exploring new business avenues, CNX Resources is poised for continued success in the evolving energy landscape.

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CNX Resources Corp. is a premier independent low carbon intensity natural gas development, production, midstream, and technology company, which engages in the business of producing pipeline quality natural gas for sale primarily to gas wholesalers. It operates through the following segments: Shale, Coalbed Methane (CBM), and Other Gas. The Shale segment focuses on reserves, production, and capital investments. The CBM segment is involved in extracting CBM natural gas primarily from the Pocahontas No. 3 seam. The Other Gas segment includes nominal shallow oil and gas production. The company was founded in 1864 and is headquartered in Canonsburg, PA.

CNX Resources' (CNX) first-quarter 2024 earnings and revenues decrease year over year. Total production volumes increase from a year ago.

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

PITTSBURGH , April 25, 2024 /PRNewswire/ -- CNX Resources Corporation (NYSE: CNX) ("CNX" or "the company") today released financial and operational results for the first quarter 2024 by posting those results on its website as detailed below. The company's first quarter prepared remarks can be accessed by clicking here.

CNX Reports First Quarter Results

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 AutoSepSM Technologies (AutoSep) , a new oilfield service company providing step change improvement to conventional flowback operations.

Deep Well Services, CNX Resources Partner to Launch AutoSep Technologies, a Transformational Oilfield Service Solutions Company

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-effective and lower emissions production of small-scale LNG CENTER, Texas and PITTSBURGH , April 22, 2024 /PRNewswire/ -- NuBlu Energy (NuBlu), a leading Engineering, Procurement, and Construction (EPC) company specializing in energy transition solutions and CNX Resources Corp. (NYSE: CNX), Appalachia's premier ultra-low carbon intensive natural gas technology and development firm, jointly unveiled two solutions today, ZeroHP CNG and Clean mLNG, that represent step change advancements in the scale and efficiency at which compressed natural gas (CNG) and micro-scale liquefied natural gas (LNG) can be produced, all while materially lowering the cost and carbon footprint of both products. ZeroHP CNG  is an innovative production technology that redefines CNG by eliminating the need for mechanical compressors.

NuBlu Energy and CNX Resources Team Up to Deploy CNG & LNG Tech Solutions

CNX Resources' (CNX) first-quarter earnings are expected to have continued to benefit from share repurchases and debt reduction. However, lower gas prices might adversely impact CNX's quarterly results.

What's in Store for CNX Resources (CNX) in Q1 Earnings?

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 area.

Westmoreland Co. Kiski Water Line to Minimize Water Trucking, Establish Community Co-Benefit Opportunities, Improve Water Resource Resilience

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.

CNX Resources Corporation Announces First Quarter 2024 Financial Results and Q&A Conference Call Schedule

CNX Resources (CNX) decides to lower its 2024 production volumes and capital expenditure to sail through the softness in demand for natural gas.

CNX Resources (CNX) Cuts 2024 Production & Capital Investment

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.

CNX Announces Operational and Guidance Update

HOMER CITY, Pa. , Feb. 27, 2024 /PRNewswire/ -- Today, Chemstream Inc., in conjunction with CNX Resources Corporation (NYSE: CNX), announced it has become the first service provider to fully comply with the historic Radical Transparency initiative, which was launched as part of the collaboration between CNX and Pennsylvania Governor Josh Shapiro's Administration in November 2023.

Chemstream Inc. Announces Full Compliance with Historic Radical Transparency Initiative

PITTSBURGH , Feb. 23, 2024 /PRNewswire/ -- CNX Resources Corporation (NYSE: CNX) ("CNX," "we," or "our") today announced the closing of its private placement of $400 million aggregate principal amount of its 7.250% senior notes due 2032 (the "Notes"). The Notes were offered under an indenture, dated February 23, 2024 (the "Indenture"), among CNX, the subsidiary guarantors party thereto and UMB Bank, N.A.

CNX Resources Corporation Announces Closing of $400 Million Senior Notes Offering

Company's Unique Tangible, Impactful, Local Approach to Community Investment Continues to Evolve and Expand CNX CEO Compensation Reduction for 2024 to be Invested into Mentorship Academy Expansion, Community Directed Projects within CNX Operational Footprint, and Expansion of Existing Community Partnerships in Underserved Rural and Urban Communities PITTSBURGH , Feb. 21, 2024 /PRNewswire/ -- Building on the CNX Foundation and Mentorship Academy's record of success in making a substantive difference on the complex issues facing the region, CNX's (NYSE: CNX) Board of Directors and Nick Deiuliis, President and CEO of the Company, today announced that the Board approved Mr. Deiuliis' request to make a $1.5 million donation to the CNX Foundation and commensurately reduce his 2024 compensation.

Three Years Since Inception, CNX Foundation and Mentorship Academy Build on Success Addressing Region's Complex Societal Challenges

PITTSBURGH , Feb. 19, 2024 /PRNewswire/ -- CNX Resources Corporation (NYSE: CNX) ("CNX") today announced the final results and expiration of its previously announced cash tender offer (the "Tender Offer") to purchase any and all of the $350 million aggregate principal amount outstanding of its 7.250% Senior Notes due 2027 (the "2027 Notes"). As of 5:00 p.m.

CNX Resources Corporation Announces Final Results and Expiration of Tender Offer for its 7.250% Senior Notes due 2027

PITTSBURGH, Feb. 16, 2024 /PRNewswire/ -- CNX Resources Corporation (NYSE: CNX) ("CNX") today announced the pricing terms of the previously announced cash tender offer to purchase (the "Tender Offer") any and all of its outstanding 7.250% Senior Notes due 2027 (the "Notes"). The "Purchase Price" for each $1,000 principal amount of the Notes validly tendered, and not validly withdrawn, and accepted for purchase pursuant to the Tender Offer will be determined in the manner described in the Offer to Purchase by reference to the fixed spread specified below plus the yield based on the bid-side price of the U.S. Treasury Reference Security specified below as of 2:00 p.m.

CNX Resources Corporation Announces Pricing Terms of Cash Tender Offer for its 7.250% Senior Notes due 2027

PITTSBURGH , Feb. 12, 2024 /PRNewswire/ -- CNX Resources Corporation (NYSE: CNX) ("CNX," "we," or "our") today announced the pricing of $400 million of its 7.250% senior notes due 2032 (the "Notes") at a price to the public of 100.0% of their face value. The offering of Notes is expected to close on February 23, 2024, subject to the satisfaction of customary closing conditions.

CNX Resources Corporation Announces Pricing of $400 Million of Senior Notes

PITTSBURGH , Feb. 12, 2024 /PRNewswire/ -- CNX Resources Corporation (NYSE: CNX) ("CNX") today announced that it has commenced a cash tender offer (the "Tender Offer") to purchase any and all of its outstanding 7.250% Senior Notes due 2027 (the "Notes"). Certain information regarding the Notes and the U.S. Treasury Reference Security, the Bloomberg reference page and the fixed spread is set forth in the table below.

CNX Resources Corporation Announces Tender Offer for its 7.250% Senior Notes due 2027

PITTSBURGH , Feb. 12, 2024 /PRNewswire/ -- CNX Resources Corporation (NYSE: CNX) ("CNX," "we" or "our") today announced that it intends, subject to market and other conditions, to offer and sell in a private placement to eligible purchasers $400 million of senior notes due 2032 (the "Notes"). The Notes will be guaranteed by all of CNX's restricted subsidiaries that guarantee its revolving credit facility.

CNX Resources Corporation Announces Private Offering of $400 Million of Senior Notes

PITTSBURGH , Feb. 8, 2024 /PRNewswire/ -- CNX Resources Corporation (NYSE: CNX) ("CNX" or "the company") announced today its year-end reserves update as of December 31, 2023. The Company reported 2023 total proved reserves of 8,741 Bcfe, comprised of 6,028 Bcfe of proved developed reserves and 2,713 Bcfe of proved undeveloped reserves.

CNX Announces 2023 Year End Reserves

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BHLB, BX and CNX have been added to the Zacks Rank #5 (Strong Sell) List on January 30, 2024.

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CNX Resources Corporation (CNX) Q4 2023 Earnings Call Transcript

CNX Resources' (CNX) fourth-quarter 2023 earnings and revenues decrease year over year. Total production volumes increase year over year.

CNX Resources (CNX) Q4 Earnings Beat Estimates, Revenues Lag

Although the revenue and EPS for CNX Resources Corporation. (CNX) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

CNX Resources Corporation. (CNX) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates

CNX Resources Corporation. (CNX) came out with quarterly earnings of $0.68 per share, beating the Zacks Consensus Estimate of $0.27 per share.

CNX Resources Corporation. (CNX) Tops Q4 Earnings Estimates

PITTSBURGH , Jan. 25, 2024 /PRNewswire/ -- CNX Resources Corporation (NYSE: CNX) ("CNX" or "the company") today released financial and operational results for the fourth quarter 2023 by posting those results on its website as detailed below. The company's fourth quarter prepared remarks can be accessed by clicking here.

CNX Reports Fourth Quarter Results

CNX Resources' (CNX) fourth-quarter earnings are expected to benefit from increased production volumes, share repurchases and debt reduction.

News for CNX Resources Stock (CNX)