Earnings Alerts

CNX Resources (CNX) Earnings: 2Q Revenue Surges Despite Oil Price Miss, EPS at $2.53

  • CNX Resources reported an Earnings Per Share (EPS) of $2.53.
  • Total revenues and other income amounted to $962.4 million, a significant increase compared to $321.4 million year-on-year.
  • Shale Gas sales volume increased by 32% year-over-year, reaching 146.9 Bcf.
  • Coal Bed Methane (CBM) Gas sales volume decreased by 3.1% year-over-year, at 9.4 Bcf.
  • Natural Gas Liquids (NGLs) sales volume was 11.1 Bcfe.
  • Average sales price of oil per Mcfe was $8.74, falling short of the $52.38 estimate.
  • Average sales price of gas per Mcfe was $2.84, up 78% year-over-year, but below the estimate of $2.99.
  • Average sales price of NGLs per Mcfe was $3.58.
  • Production stood at 1,842 mmcfe/d, indicating a 25% year-over-year increase.
  • Lease Operating Expense per Mcfe was 16 cents, 23% higher year-over-year, and above the estimated 13 cents.
  • Adjusted Ebitdax was reported at $332 million, surpassing the estimate of $286 million.
  • Free cash flow totaled $188 million.
  • Capital expenditure amounted to $113.6 million, lower than the estimated $135.1 million.
  • Analyst ratings include 1 buy, 8 holds, and 7 sells.

CNX Resources on Smartkarma

Analyst coverage of CNX Resources on Smartkarma has been positive, with insights from Baptista Research shedding light on the company’s performance. In their report “CNX Resources: An Insight Into In-Basin Demand Growth, Its Market Positioning & Key Growth Levers!“, Baptista Research discusses CNX Resources’ strong operational activity in the first quarter of 2025, marked by a substantial number of turn-in-lines completed. This indicates significant progress and aligns with the company’s planned completion activities for the year, presenting a promising start.

In another report by Baptista Research titled “CNX Resources: Expansion & Development of Utica Shale Assets Driving Our Bullishness!“, CNX Resources’ fourth-quarter results for 2024 are highlighted, showcasing a mix of opportunities and challenges. The company’s focus on exploring new technologies, like the capture and utilization of coal mine methane for hydrogen production, demonstrates resilience in a dynamic energy market. Overall, analyst sentiment remains bullish, emphasizing the company’s strategic advancements and growth potential.


A look at CNX Resources Smart Scores

FactorScoreMagnitude
Value4
Dividend1
Growth4
Resilience2
Momentum4
OVERALL SMART SCORE3.0

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Analysts at Smartkarma have assigned CNX Resources a mix of Smart Scores indicating its long-term outlook. While the company scored high on Value, Growth, and Momentum factors, it received lower scores for Dividend and Resilience. CNX Resources, a natural gas exploration and production company in the United States, shows promising signs for value, growth potential, and market momentum.

Despite these positive aspects, analysts note that CNX Resources may face challenges in terms of dividend payouts and resilience. Investors should consider these factors alongside the company’s strong value, growth trajectory, and market momentum when evaluating its long-term prospects.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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