US gas producer CNX Resources boosts 2025 output estimate without extra spending
CNX Resources plans increased natural gas production amidst rising demand. The company will maintain its expenditure levels despite higher output.
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CNX
CNX Resources Corporation · NYSE · Energy
Price$35.91-2.07% · −$0.76
Market cap5.31BEquity value
P / E12.1Trailing ratio
Volume1.42MLatest session
Market data
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Neuberger Berman Group LLC's Strategic Acquisition in CNX Resources Corp
Neuberger Berman acquired 1.24 million CNX shares, increasing its stake to 5.74%. CNX has shown a year-to-date price increase of 68.21%, indicating strong momentum. Neuberger Berman's investment reflects confidence in CNX's future potential in energy. CNX's GF Value is significantly higher than current price, suggesting overvaluation. Other institutional investors also hold significant stakes in CNX, indicating broader support.
View signal analysisCNX Resources: Low Natural Gas Prices Still Dragging On Results, No Near-Term Catalyst
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.
View signal analysisCNX Resources Corporation. (CNX) Tops Q2 Earnings Estimates
CNX beat EPS estimates by 33.33%, reporting $0.36 per share. Quarterly revenue of $346 million missed expectations by 10.7%. CNX shares up 24.5% this year, outperforming the S&P 500. Zacks Rank #3 indicates a hold with mixed estimate revisions. Industry rank in bottom 35%, affecting overall performance outlook.
View signal analysisCNX Resources (CNX) Q1 Earnings Beat Estimates, Revenues Lag
- 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
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