CNX
CNX Resources Corporation37.53
-1.07-2.77%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
5.31BP/E (TTM)
22.75Basic EPS (TTM)
1.65Dividend Yield
0%Recent Filings
8-K
10-Q
Q3 FY2025 results
CNX Resources posted strong Q3 FY2025 results, with natural gas, NGLs, and oil revenue jumping 55% year-over-year to $401M on 161.3 Bcfe volumes—up 20%—fueled by the January 2025 Apex acquisition and higher gas prices averaging $2.43/Mcf. Yet profitability soared even more, as a $132M gain on commodity derivatives (versus $89M last year) and a $68M net gain on asset sales propelled net income to $202M, or $1.21 diluted EPS, from $66M or $0.37. Shale segment volumes rose 22% to 151.5 Bcfe, while Coalbed Methane dipped 3% to 9.7 Bcf amid declines. Operating cash flow hit $732M year-to-date, funding $321M capex and $518M Apex buy; free cash flow stood at $411M (derived). Debt climbed to $2.6B after $200M notes issuance, but $1.7B revolver availability cushions liquidity. Production costs edged down to $1.71/Mcfe. Regulatory pressures from the Coal Act linger.
8-K
CNX Q3 earnings steady
CNX Resources posted Q3 2025 net income of $202 million on natural gas, NGL, and oil revenue of $401 million, down from Q2's $485 million amid softer prices, yet production held steady at 161.3 Bcfe. Hedging cushioned impacts, yielding a $132 million gain on derivatives, while a $57 million non-core asset sale boosted cash flow. Updated 2025 guidance projects 620-625 Bcfe output and $1.2-1.225 billion adjusted EBITDAX. Production dipped slightly.
8-K
CNX Q2 profit surges on derivatives
CNX Resources reported Q2 2025 net income of $433 million, fueled by a $421 million gain on commodity derivatives amid higher natural gas prices, while production climbed 13% to 168 Bcfe from Q1. Average daily output hit 1,842 MMcfe, driven by Utica completions. Yet hedging locks in losses on 85% of 2025 volumes. Full-year guidance holds at 615-620 Bcfe and $575 million free cash flow.
10-Q
Q2 FY2025 results
CNX Resources swung to a strong quarter, posting net income of $432.5 million on $485.0 million in natural gas, NGLs, and oil revenue, up 105% year-over-year, while volumes climbed 25% to 167.6 Bcfe thanks to the Apex acquisition closed in January 2025 for $517.6 million cash. Shale segment drove the momentum, with earnings before tax jumping 37% to $196.1 million amid higher realized prices, though hedging losses shaved $0.23 per Mcfe off the topline. Operating cash flow hit $498.1 million year-to-date, funding $245.0 million in capex and $241.6 million in share repurchases, leaving $1.7 billion in revolver availability despite total debt rising to $2.6 billion. Free cash flow turned positive at $253.1 million year-to-date. Yet commodity price swings remain a persistent drag.
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