CNX Resources Q3 Earnings Beat Estimates, Revenues Decline Y/Y

Zacks10-25

CNX Resources Corporation CNX reported third-quarter 2024 operating earnings of 41 cents per share, which beat the Zacks Consensus Estimate of 32 cents by 28.1%. The bottom line also increased 17.1% ...

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The bottom line also increased 17.1% ...</p>\n\n<a href=\"https://finance.yahoo.com/news/cnx-resources-q3-earnings-beat-132300657.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>CNX Resources Q3 Earnings Beat Estimates, Revenues Decline Y/Y</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCNX Resources Q3 Earnings Beat Estimates, Revenues Decline Y/Y\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-25 21:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/cnx-resources-q3-earnings-beat-132300657.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>CNX Resources Corporation CNX reported third-quarter 2024 operating earnings of 41 cents per share, which beat the Zacks Consensus Estimate of 32 cents by 28.1%. The bottom line also increased 17.1% ...</p>\n\n<a href=\"https://finance.yahoo.com/news/cnx-resources-q3-earnings-beat-132300657.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CNX","symbol_name":"康索尔能源","start_time":0,"source_url":"https://finance.yahoo.com/news/cnx-resources-q3-earnings-beat-132300657.html","article_id":"2478031931","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/OdaYMjGqoYRNyDLXiLdTEw--~B/aD00MTM7dz02MjA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/ebb8b8a767e89fdab119b9ddef47f7b2"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2478031931","pubTimestamp":1729862580,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"CNX Resources Corporation CNX reported third-quarter 2024 operating earnings of 41 cents per share, which beat the Zacks Consensus Estimate of 32 cents by 28.1%. The bottom line also increased 17.1% from 35 cents in the year-ago quarter.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The company reported revenues of $354 million, which missed the Zacks Consensus Estimate of $398 million by 11.1%. The top line also decreased 0.8% from the prior-year quarter’s $357 million.CNX Resources Corporation. Price, Consensus and EPS Surprise. CNX Resources Corporation. price-consensus-eps-surprise-chart | CNX Resources Corporation. Quote. ONEOK, Inc. OKE is slated to report third-quarter results on Oct. 29, after market close. The Zacks Consensus Estimate for earnings is pegged at $1.23 per share.OKE’s long-term  earnings growth rate is 4.55%. The Zacks Consensus Estimate for sales is pinned at $5.81 billion.Energy Transfer ET is slated to report third-quarter results on ","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"CNX":"康索尔能源"},"translate_title":"CNX Resources第三季度盈利超出预期，收入同比下降","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CNX":1},"content_text":"CNX Resources Corporation CNX reported third-quarter 2024 operating earnings of 41 cents per share, which beat the Zacks Consensus Estimate of 32 cents by 28.1%. The bottom line also increased 17.1% from 35 cents in the year-ago quarter.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.\nRevenues\nThe company reported revenues of $354 million, which missed the Zacks Consensus Estimate of $398 million by 11.1%. The top line also decreased 0.8% from the prior-year quarter’s $357 million.\n \n\nCNX Resources Corporation. Price, Consensus and EPS Surprise\n  \nCNX Resources Corporation. price-consensus-eps-surprise-chart | CNX Resources Corporation. Quote\n\nHighlights of the Release\nThe average selling price in the quarter was $2.63 per thousand cubic feet equivalent (Mcfe), up 5.6% from the year-ago figure of $2.49. Total production cost was $1.76 per Mcfe, up 10% year over year.Total production volumes were 134.5 billion cubic feet equivalent (Bcfe), down 6.2% year over year.Interest expenses totaled $37.9 million, up 7.2% year over year.During the third quarter, CNX Resources repurchased 2.4 million shares at an average price of $26.73 per share for a total cost of $63 million. Over the past 16 quarters, CNX repurchased approximately 36% of its outstanding shares.The company has reduced its adjusted net debt by $261 million since third-quarter 2020.\nFinancial Update\nAs of Sept. 30, 2024, CNX Resources had cash and cash equivalents of $1.3 million compared with $0.4 million as of Dec. 31, 2023.Long-term debt as of Sept. 30, 2024, was $1.96 billion compared with $1.89 billion recorded as of Dec. 31, 2023.Cash from operating activities for the quarter totaled $170.2 million compared with $206 million in the year-ago period. Free cash flow amounted to $60 million.Capital expenditure for the quarter totaled $114.7 million compared with $205.6 million a year ago.\nGuidance\nCNX Resources lowered its 2024 total capital expenditure guidance between $525 million and $550 million compared with its previous projection of $525-$575 million.It reaffirmed its expectation for 2024 production volume in the band of 545-555 Bcfe.The company continues to expect free cash flow of $300 million in 2024.CNX also lowered its expectation for 2024 adjusted EBITDAX to the range of $0.975-$1.025 billion from the previous guidance of $0.95-$1.05 billion.\nCNX’s Zacks Rank\nThe company currently has a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.\nUpcoming Releases\nONEOK, Inc. OKE is slated to report third-quarter results on Oct. 29, after market close. The Zacks Consensus Estimate for earnings is pegged at $1.23 per share.OKE’s long-term (three to five years) earnings growth rate is 4.55%. The Zacks Consensus Estimate for sales is pinned at $5.81 billion.Energy Transfer ET is slated to report third-quarter results on Nov. 6, after market close. The Zacks Consensus Estimate for earnings is pegged at 32 cents per unit, which indicates a year-over-year improvement of 3.2%.ET’s long-term earnings growth rate is 24.63%. The firm delivered an average earnings surprise of 5.2% in the trailing four quarters.Murphy Oil MUR is scheduled to report third-quarter results on Nov. 7, before market open. The Zacks Consensus Estimate for earnings is pegged at 78 cents per share.The Zacks Consensus Estimate for 2024 earnings is pinned at $3.48 per share. The company delivered an average earnings surprise of 4.3% in the trailing four quarters. \nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nONEOK, Inc. (OKE) : Free Stock Analysis Report\nCNX Resources Corporation. (CNX) : Free Stock Analysis Report\nMurphy Oil Corporation (MUR) : Free Stock Analysis Report\nEnergy Transfer LP (ET) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2478031931"}