CNX Resources Q2 2023 Earnings Report

CNX Resources EPS Results

• Actual EPS: $0.29
• Consensus EPS: $0.24
• Beat/Miss: Beat by +$0.05
• One Year Ago EPS: $0.61

CNX Resources Revenue Results

• Actual Revenue: $839.70 million
• Expected Revenue: $386.68 million
• Beat/Miss: Beat by +$453.02 million
• YoY Revenue Growth: +99.70%

CNX Resources Announcement Details

• Quarter: Q2 2023
• Date: 7/27/2023
• Time: Before Market Opens

CNX Resources (NYSE:CNX), an independent natural gas and midstream company, engages in the acquisition, exploration, development, and production of natural gas properties in the Appalachian Basin. The company operates in two segments, Shale and Coalbed Methane (CBM). It produces and sells pipeline quality natural gas primarily for gas wholesalers. The company owns rights to extract natural gas from shale properties in Pennsylvania, West Virginia, and Ohio, as well as rights to extract natural gas from other shale and shallow oil and gas formations in Illinois, Indiana, New York, and Virginia. It also owns rights to extract CBM in Virginia, West Virginia, Pennsylvania, Ohio, Illinois, Indiana, and New Mexico. In addition, the company designs, builds, and operates natural gas gathering systems to move gas from the wellhead to interstate pipelines or other local sales points; owns and operates approximately 2,600 miles of natural gas gathering pipelines, as well as various natural gas processing facilities. It also offers turn-key solutions for water sourcing, delivery, and disposal for its natural gas operations and for third parties. The company was formerly known as CONSOL Energy Inc. and changed its name to CNX Resources Corporation in November 2017. CNX Resources Corporation was founded in 1860 and is headquartered in Canonsburg, Pennsylvania.