CNX reports Q3 net income of $21.4M, EPS $0.13; revenue down 77% YoY on lower gas prices

CNX Resources Corp

2023-Q3 EPS reported $6.24 revenue$2,466,181,000

Net income $21.4M ($0.12 diluted) vs loss of $427.1M ($2.28 loss) in Q3 2022.
Natural gas, NGL & oil revenue $255.1M, down from $1,127.3M YoY as realized gas price fell to $1.64/Mcf from $7.82.
Total Bcfe production 143.4 (1,559 MMcfe/d), down 2% YoY but up 7% sequentially.
Including cash settlement of derivatives, realized price was $2.49/Mcfe vs $3.25 in Q3 2022.
2023 full-year guidance reaffirmed: production 545-555 Bcfe, capex $625-675M, FCF ~$325M.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CNX Resources Corp reported financial results for third quarter 2023.

Period: third 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 third 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 0001070412-23-000101

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