earnings
confidence high
sentiment neutral
materiality 0.70
CNX Q4 net income $1.175B (incl $1.14B unrealized gain); FY net loss $142M; guides 2023 FCF ~$375M
CNX Resources Corp
2022-FY EPS reported
-$0.75
revenue$1,261,211,000
- Q4 net income $1.175B ($5.68 diluted EPS) vs $630M ($2.90) in Q4 2021; includes $1.138B unrealized derivatives gain.
- Full year 2022 net loss $142M ($0.75 diluted loss) vs net income $630M in 2021; revenue $3.65B.
- Total production 140.6 Bcfe in Q4, down 11% YoY; daily production 1,528 MMcfe.
- 2023 guidance: production 555-575 Bcfe, adj. EBITDAX $1.1-$1.25B, capex $575-$675M, FCF ~$375M (~$2.20/share).
- Repurchased $565M of common stock in 2022; share count reduced by ~15% over the year.