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CNXVery BearishEarningsnews
Materiality pending

CNX Resources: Low Natural Gas Prices Still Dragging On Results, No Near-Term Catalyst

Jul 27, 2024, 9:00 AM EDT1 sourcesAI-analyzed

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CNX missed revenue and earnings expectations, reporting a net loss. Natural gas prices have declined 74.90% over the past two years. CNX's free cash flow generation remains strong despite low gas prices. Company's net debt-to-equity ratio is 0.57, above some peers. Valuation appears high compared to sector median forward P/E ratios.

  • CNX missed revenue and earnings expectations, reporting a net loss.
  • Natural gas prices have declined 74.90% over the past two years.
  • CNX's free cash flow generation remains strong despite low gas prices.
  • Company's net debt-to-equity ratio is 0.57, above some peers.
  • Valuation appears high compared to sector median forward P/E ratios.

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