earnings
confidence high
sentiment positive
materiality 0.65
CNX Q3 net income $65.5M ($0.37 diluted EPS); narrows FY2024 EBITDAX guidance to $975-$1,025M
CNX Resources Corp
2024-Q3 EPS reported
$0.32
revenue$1,130,208,000
- Net income $65.5M (diluted EPS $0.37) vs $21.4M ($0.12) in prior-year Q3.
- Revenue $424M, up 21% YoY due to $89M derivative gains; natural gas sales $259M.
- FY2024 adjusted EBITDAX guidance narrowed to $975-$1,025M; free cash flow ~$300M unchanged.
- Production volumes 545-555 Bcfe reaffirmed; NYMEX assumption lowered to $2.30/MMBtu.
- Net cash provided by operations $170M; capex $115M in Q3.