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.
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).
While the top- and bottom-line numbers for CNX Resources (CNX) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
CNX Resources' stock has dropped 28% since my December 1st sell recommendation, driven by deflated optimism around New Technologies and unfavorable Treasury rulings on 45V tax credits. CNX's extensive hedging strategy, with 85% of 2025 production hedged, limits cash flow upside in a rising natural gas price environment, posing a significant headwind. Despite the Treasury's restrictive 45V tax credit rules, CNX's New Technologies unit's contribution to free cash flow is now more predictable, reducing downside risks.
Investors with an interest in Oil and Gas - Exploration and Production - United States stocks have likely encountered both CNX Resources Corporation. (CNX) and 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.
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.