Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
CNX Resources Corporation (NYSE:CNX ) Q4 2024 Earnings Conference Call January 30, 2025 10:00 AM ET Company Participants Tyler Lewis - Vice President, Investor Relations Ravi Srivastava - President, New Technologies Alan Shepard - Chief Financial Officer Nicholas DeIuliis - President and Chief Executive Officer Navneet Behl - Chief Operating Officer Conference Call Participants Gabriel Daoud - TD Cowen Zachary Parham - JPMorgan Leo Mariani - ROTH Capital Partners Bertrand Donnes - Truist Securities Michael Scialla - Stephens Inc. Noah Hungness - Bank of America Jacob Roberts - Tudor, Pickering, Holt Operator Good morning, and welcome to the CNX Resources Fourth Quarter 2024 Q&A Conference Call. All participants will be in listen-only mode.
CNX's fourth-quarter 2024 earnings decrease year over year, while revenues increase. Interest expenses also decrease during the same period.
CNX Resources Corporation. (CNX) came out with quarterly earnings of $0.57 per share, beating the Zacks Consensus Estimate of $0.43 per share.
CNX's fourth-quarter earnings are expected to have continued to gain from share repurchases, debt reduction and low drilling costs.
CNX Resources (CNX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
CNX Resources (CNX) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.
Investors looking for stocks in the Oil and Gas - Exploration and Production - United States sector might want to consider either CNX Resources Corporation. (CNX) or Comstock Resources (CRK).
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Roth MKM expects CNX Resources shares to have a "slight positive reaction vs. peers today" after the U.S. Treasury Department and IRS announced rules for claiming 45V tax credits for hydrogen production, noting that it appears as though hydrogen made from coal mine methane will be eligible. While CNX has not yet committed to fully participate as a feedstock provider for a hydrogen project at this time, CNX has announced a collaboration with a private company called KeyState Energy in which commercial quantities of hydrogen may be produced in the future if the Treasury rules allowed a pathway for ultra-low carbon intensity fugitive coal mine methane to receive 45V tax credits, the analyst noted. Roth has a Neutral rating and $35 price target on CNX Resources shares.
CNX Resources (CNX) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
CNX Resources (CNX) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.