CNX's third-quarter 2024 earnings increase year over year, while revenues decline. However, interest expenses also increase during the same period.
CNX Resources Corporation (NYSE:CNX ) Q3 2024 Earnings Call Transcript October 24, 2024 10:00 AM ET Company Participants Tyler Lewis - Vice President, Investor Relations Nick DeIuliis - President and Chief Executive Officer Alan Shepard - Chief Financial Officer Ravi Srivastava - President, New Technologies Conference Call Participants Bert Donnes - Truist Securities Zach Parham - JPMorgan Leo Mariani - ROTH MKM Nitin Kumar - Mizuho Michael Scialla - Stephens Inc. Jacob Roberts - TPH Kevin McCurdy - Pickering Energy Partners Operator Hello and welcome to the CNX Resources' Third Quarter 2024 Q&A Conference Call. All participants will be in listen-only mode.
CNX Resources Corporation. (CNX) came out with quarterly earnings of $0.41 per share, beating the Zacks Consensus Estimate of $0.32 per share.
CNX's third-quarter earnings are expected to have continued to gain from share repurchases, debt reduction and strategic plan to control oversupplied market.
CNX Resources (CNX) possesses 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) 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.
On September 30, 2024, Neuberger Berman Group LLC, a prominent investment firm, executed a significant transaction by acquiring 1,238,792 additional shares of CNX Resources Corp (CNX, Financial). This purchase increased the firm's total holdings in CNX to 8,683,119 shares, reflecting a notable portfolio position of 0.23% and a substantial 5.74% ownership in CNX.
CNX Resources (CNX) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
CNX Resources missed analyst expectations on revenue and earnings, primarily due to very low natural gas prices. Natural gas prices have significantly impacted CNX Resources' financial performance, leading to a net loss in the second quarter of 2024. The company has been buying back its own stock, but it does not appear to make much difference.
CNX Resources Corporation (NYSE:CNX ) Q2 2024 Results Conference Call July 25, 2024 10:00 AM ET Company Participants Tyler Lewis - VP of Investor Relations Ravi Srivastava - President of New Technologies Alan Shepard - Chief Financial Officer Navneet Behl - Chief Operating Officer Conference Call Participants Bert Donnes - Truist Zach Parham - JPMorgan Leo Mariani - ROTH Michael Scialla - Stephens Jacob Roberts - TPH Noel Parks - Tuohy Brothers Operator Good morning, and welcome to the CNX Resources Second Quarter 2024 Q&A Conference Call. All participants will be in a listen-only mode.
CNX Resources' (CNX) second-quarter 2024 earnings and revenues increase year over year. However, interest expenses also increase during the same period.