CNX Resources Q2 net income $475M on derivative gains; boosts buyback by $1B to $1.3B

CNX Resources Corp

2023-Q2 EPS reported $6.09 revenue$2,115,676,000

Net income $475M (diluted EPS $2.47) vs $33M in Q2 2022; includes $542M derivative gain.
Natural gas, NGL & oil revenue $257M, down 74% YoY from $1,003M on lower prices.
Production 134.2 Bcfe (-6% YoY); avg daily 1,474 MMcfe.
Board approved $1.0B stock buyback increase; total available ~$1.3B with no expiration.
Updated 2023 guidance: production 545-555 Bcfe (narrowed lower); FCF ~$325M.

item 2.02 item 7.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CNX Resources Corp reported financial results for second quarter 2023.

Period: second quarter 2023
Result: reported results

Exact text from the filing

CNX Resources Corporation ("CNX" or the "Company") today released financial and operational results for the second quarter 2023 by posting those results on its website.

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36 earnings releases filed in the last 30 days. Browse all earnings releases →

CNX Resources Corp filing history →

Source: SEC EDGAR

accession 0001070412-23-000090

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