Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
CNX Resources (CNX)
NYSE:CNX
Holding CNX?
Track your performance easily
Earnings Data
Report Date
Jan 23, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.43Last Year’s EPS
$0.68Same Quarter Last Year
Moderate Sell
Based on 10 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Oct 24, 2024
|% Change Since: 1.12%
|Next Earnings Date:Jan 23, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted significant operational improvements, particularly in drilling efficiency and the potential of the Deep Utica play. However, these positives are counterbalanced by uncertainties related to regulatory outcomes for new technologies and delays in certain initiatives, leading to a cautious outlook.Company Guidance
During the CNX Resources Q3 2024 earnings call, the company provided guidance on several key metrics, though some details were deferred until the next quarter. For 2025, the company plans to disclose full production volumes and associated capital expenditures, with flexibility around the development of 11 deferred drilled but uncompleted wells (DUCs) depending on gas pricing. The efficiency of operations remains similar to or better than previous levels. On the New Technologies front, CNX awaits regulatory clarity on 45V and 45Q tax credits, which could impact coal mine methane capture opportunities and associated capital expenditures. The company has deferred detailed projections for these segments until further regulatory guidance is received. Additionally, despite recent stock price increases, CNX indicated it continues its disciplined capital allocation process, keeping all options open, including share buybacks and dividends, depending on market conditions. On operational aspects, the company noted a 31% reduction in Utica well costs from 2023, suggesting improvements in drilling efficiency and cost management.Improved Operational Efficiency
Drilling costs have decreased by 38% from $1,200 per foot to $750 per foot, leading to an overall well cost reduction of 31% compared to 2023.
Strong Deep Utica Performance
Deep Utica wells are highly prolific, producing 20 Bcf 7 times faster than comparable Southwest PA wells, showcasing significant potential.
Flexibility in Capital Allocation
The company maintains significant flexibility with its balance sheet and hedge book, keeping all capital allocation opportunities open.
---
CNX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
CNX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 24, 2024 | $35.85 | $37.20 | +3.77% |
| Jul 25, 2024 | $24.89 | $25.01 | +0.48% |
| Apr 25, 2024 | $24.21 | $23.94 | -1.12% |
| Jan 25, 2024 | $20.08 | $20.42 | +1.69% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does CNX Resources (CNX) report earnings?
CNX Resources (CNX) is schdueled to report earning on Jan 23, 2025, TBA Not Confirmed.
What is CNX Resources (CNX) earnings time?
CNX Resources (CNX) earnings time is at Jan 23, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CNX EPS forecast?
CNX EPS forecast for the fiscal quarter 2024 (Q4) is $0.43.
---