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CNXBearishEarningsnews
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CNX Resources (CNX) Q1 Earnings Beat Estimates, Revenues Lag

Apr 25, 2024, 9:43 AM EDT1 sourcesAI-analyzed

AI summary

What happened, with direct paths to the underlying reporting

- CNX reported Q1 2024 earnings of 45 cents/share, down 19.6% from last year. - Revenues of $381 million missed estimates by 9.3%. - Total production volumes increased by 3.3% year over year. - CNX lowered its 2024 total capital expenditure and production volume expectations. - Financials: cash and cash equivalents increased, long-term debt decreased. Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: Earnings

  • CNX reported Q1 2024 earnings of 45 cents/share, down 19.6% from last year.
  • Revenues of $381 million missed estimates by 9.3%.
  • Total production volumes increased by 3.3% year over year.
  • CNX lowered its 2024 total capital expenditure and production volume expectations.
  • Financials: cash and cash equivalents increased, long-term debt decreased.

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