Energy - Oil & Gas Exploration & Production - NYSE - US
$ 38.19
-0.65 %
$ 5.7 B
Market Cap
12.52
P/E
CNX Resources Corporation, an independent natural gas and midstream company, acquires, explores for, develops, and produces natural gas properties in the Appalachian Basin. The company operates in two segments, Shale and Coalbed Methane. It produces and sells pipeline quality natural gas primarily for gas wholesalers. The company owns rights to extract natural gas in Pennsylvania, West Virginia, and Ohio from approximately 526,000 net Marcellus Shale acres; and approximately 610,000 net acres of Utica Shale, as well as rights to extract natural gas from other shale and shallow oil and gas positions from approximately 1,006,000 net acres in Illinois, Indiana, New York, Ohio, Pennsylvania, Virginia, and West Virginia.[ Read More ]
The intrinsic value of one CNX stock under the base case scenario is HIDDEN Compared to the current market price of 38.2 USD, CNX Resources Corporation is HIDDEN
2. FUNDAMENTAL
ANALYSIS
Price Chart CNX
FINANCIALS
1.5 B
REVENUE
311 M
OPERATING INCOME
1.72 B
NET INCOME
815 M
OPERATING CASH FLOW
-509 M
INVESTING CASH FLOW
-326 M
FINANCING CASH FLOW
335 M
REVENUE
16.4 M
OPERATING INCOME
65.5 M
NET INCOME
170 M
OPERATING CASH FLOW
-110 M
INVESTING CASH FLOW
-62.7 M
FINANCING CASH FLOW
Balance Sheet Decomposition
CNX Resources Corporation
| Current Assets | 422 M |
| Cash & Short-Term Investments | 443 K |
| Receivables | 134 M |
| Other Current Assets | 287 M |
| Non-Current Assets | 8.2 B |
| Long-Term Investments | 0 |
| PP&E | 7.48 B |
| Other Non-Current Assets | 723 M |
| Current Liabilities | 823 M |
| Accounts Payable | 147 M |
| Short-Term Debt | 437 M |
| Other Current Liabilities | 239 M |
| Non-Current Liabilities | 3.44 B |
| Long-Term Debt | 1.98 B |
| Other Non-Current Liabilities | 1.46 B |
EFFICIENCY
Earnings Waterfall
CNX Resources Corporation
| Revenue | 1.5 B |
| Cost Of Revenue | 987 M |
| Gross Profit | 516 M |
| Operating Expenses | 205 M |
| Operating Income | 311 M |
| Other Expenses | -1.41 B |
| Net Income | 1.72 B |
RATIOS
34.33%
GROSS MARGIN
20.70%
OPERATING MARGIN
114.46%
NET MARGIN
39.46%
ROE
19.95%
ROA
3.63%
ROIC
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
CNX Resources Corporation
| Net Income | 1.72 B |
| Depreciation & Amortization | 434 M |
| Capital Expenditures | -679 M |
| Stock-Based Compensation | 20.2 M |
| Change in Working Capital | 113 M |
| Others | -2.03 B |
| Free Cash Flow | 135 M |
Wall Street Analysts Price Targets
CNX Resources Corporation
Wall Street analysts predict an average 1-year price target for CNX of $24.7 , with forecasts ranging from a low of $20 to a high of $29 .
CNX Lowest Price Target
Wall Street Target
20 USD
-47.63%
CNX Average Price Target
Wall Street Target
24.7 USD
-35.41%
CNX Highest Price Target
Wall Street Target
29 USD
-24.06%
4. DIVIDEND ANALYSIS
0.00%
DIVIDEND YIELD
0.272 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
CNX Resources Corporation
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
25.5 K USD 1
9-12 MONTHS
0 USD 0
Bought
4.02 M USD 1
0-3 MONTHS
0 USD 0
3-6 MONTHS
25.1 K USD 1
6-9 MONTHS
0 USD 0
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|---|---|---|---|
|
2 months ago
Sep 09, 2024
|
Bought 2.01 M USD
|
LANIGAN BERNARD JR
Director |
+ 75000
|
26.81 USD |
|
2 months ago
Aug 20, 2024
|
Bought 2.01 M USD
|
LANIGAN BERNARD JR
Director |
+ 75000
|
26.74 USD |
|
8 months ago
Feb 23, 2024
|
Bought 25.1 K USD
|
Bedard Timothy Scott
EVP and General Counsel |
+ 1226
|
20.5 USD |
|
8 months ago
Feb 26, 2024
|
Sell 25.5 K USD
|
Bedard Timothy Scott
EVP and General Counsel |
- 1226
|
20.83 USD |
|
1 year ago
Sep 18, 2023
|
Bought 1 M USD
|
LANIGAN BERNARD JR
Director |
+ 45805
|
21.83 USD |
|
1 year ago
Sep 15, 2023
|
Bought 1.5 M USD
|
LANIGAN BERNARD JR
Director |
+ 68180
|
22 USD |
|
1 year ago
Sep 15, 2023
|
Bought 670 K USD
|
LANIGAN BERNARD JR
Director |
+ 30455
|
22 USD |
|
1 year ago
Jun 30, 2023
|
Bought 503 K USD
|
LANIGAN BERNARD JR
Director |
+ 28390
|
17.72 USD |
|
1 year ago
May 30, 2023
|
Bought 2.1 M USD
|
LANIGAN BERNARD JR
Director |
+ 137835
|
15.2358 USD |
|
3 years ago
Dec 03, 2020
|
Bought 49.5 K USD
|
Rush Donald W.
EVP & Chief Financial Officer |
+ 5500
|
8.9913 USD |
|
3 years ago
Dec 01, 2020
|
Bought 600 K USD
|
LANIGAN BERNARD JR
Director |
+ 62600
|
9.58 USD |
|
3 years ago
Dec 01, 2020
|
Bought 25.8 K USD
|
Shepard Alan K
Vice President and CAO |
+ 2650
|
9.7199 USD |
|
4 years ago
Nov 09, 2020
|
Bought 101 K USD
|
DEIULIIS N J
President and CEO |
+ 11900
|
8.4705 USD |
|
5 years ago
Jul 26, 2019
|
Bought 1.28 M USD
|
LANIGAN BERNARD JR
Director |
+ 200000
|
6.388 USD |
|
5 years ago
Jun 25, 2019
|
Bought 250 K USD
|
LANIGAN BERNARD JR
Director |
+ 36200
|
6.9095 USD |
|
5 years ago
Jun 25, 2019
|
Bought 140 K USD
|
Clarkson J. Palmer
Director |
+ 20000
|
6.98 USD |
|
5 years ago
Jun 19, 2019
|
Bought 250 K USD
|
LANIGAN BERNARD JR
Director |
+ 34150
|
7.3212 USD |
|
5 years ago
Jun 12, 2019
|
Bought 250 K USD
|
LANIGAN BERNARD JR
Director |
+ 35400
|
7.0551 USD |
|
5 years ago
Jun 12, 2019
|
Bought 70 K USD
|
Clarkson J. Palmer
Director |
+ 10000
|
7 USD |
|
5 years ago
Jun 11, 2019
|
Bought 250 K USD
|
LANIGAN BERNARD JR
Director |
+ 34200
|
7.3042 USD |
|
5 years ago
Jun 10, 2019
|
Bought 75 K USD
|
Clarkson J. Palmer
Director |
+ 10000
|
7.5 USD |
|
5 years ago
May 31, 2019
|
Bought 1.5 M USD
|
LANIGAN BERNARD JR
Director |
+ 198000
|
7.56 USD |
|
5 years ago
Dec 19, 2018
|
Bought 1.2 M USD
|
LANIGAN BERNARD JR
Director |
+ 100000
|
11.95 USD |
|
6 years ago
Aug 16, 2018
|
Bought 149 K USD
|
Clarkson J. Palmer
Director |
+ 10000
|
14.898 USD |
|
6 years ago
Feb 12, 2018
|
Bought 448 K USD
|
Thorndike William N Jr
Director |
+ 35000
|
12.8007 USD |
|
6 years ago
Feb 13, 2018
|
Bought 19.5 K USD
|
Lally-Green Maureen
Director |
+ 1500
|
12.985 USD |
|
7 years ago
Aug 03, 2017
|
Bought 154 K USD
|
Clarkson J. Palmer
Director |
+ 10000
|
15.4 USD |
|
7 years ago
Feb 13, 2017
|
Bought 42.4 K USD
|
Lally-Green Maureen
Director |
+ 2500
|
16.97 USD |
|
7 years ago
Feb 02, 2017
|
Bought 66.8 K USD
|
CARPENTER ALVIN R
Director |
+ 4000
|
16.708 USD |
|
7 years ago
Feb 03, 2017
|
Bought 100 K USD
|
LANIGAN BERNARD JR
Director |
+ 5800
|
17.278 USD |
|
7 years ago
Feb 02, 2017
|
Bought 249 K USD
|
LANIGAN BERNARD JR
Director |
+ 14800
|
16.822 USD |
|
7 years ago
Feb 03, 2017
|
Bought 100 K USD
|
LANIGAN BERNARD JR
Director |
+ 5800
|
17.278 USD |
|
7 years ago
Feb 02, 2017
|
Bought 249 K USD
|
LANIGAN BERNARD JR
Director |
+ 14800
|
16.822 USD |
|
8 years ago
Jun 01, 2016
|
Sell 37.6 M USD
|
EINHORN DAVID
10 percent owner |
- 2501900
|
15.01 USD |
|
8 years ago
Jun 01, 2016
|
Sell 23 M USD
|
EINHORN DAVID
10 percent owner |
- 1530800
|
15.01 USD |
|
8 years ago
Jun 01, 2016
|
Sell 10.7 M USD
|
EINHORN DAVID
10 percent owner |
- 715100
|
15.01 USD |
|
8 years ago
Jun 01, 2016
|
Sell 14.5 M USD
|
EINHORN DAVID
10 percent owner |
- 968900
|
15.01 USD |
|
8 years ago
Jun 01, 2016
|
Sell 14.2 M USD
|
EINHORN DAVID
10 percent owner |
- 946400
|
15.01 USD |
|
8 years ago
Jun 01, 2016
|
Sell 4.73 M USD
|
EINHORN DAVID
10 percent owner |
- 314900
|
15.01 USD |
|
8 years ago
Jun 01, 2016
|
Sell 330 K USD
|
EINHORN DAVID
10 percent owner |
- 22000
|
15.01 USD |
|
8 years ago
May 12, 2016
|
Sell 1.12 M USD
|
EINHORN DAVID
10 percent owner |
- 73910
|
15.1657 USD |
|
8 years ago
May 12, 2016
|
Sell 1.5 K USD
|
EINHORN DAVID
10 percent owner |
- 100
|
14.955 USD |
|
8 years ago
May 12, 2016
|
Sell 919 K USD
|
EINHORN DAVID
10 percent owner |
- 60600
|
15.1657 USD |
|
8 years ago
May 12, 2016
|
Sell 194 K USD
|
EINHORN DAVID
10 percent owner |
- 12800
|
15.1657 USD |
|
8 years ago
May 12, 2016
|
Sell 138 K USD
|
EINHORN DAVID
10 percent owner |
- 9100
|
15.1657 USD |
|
8 years ago
May 12, 2016
|
Sell 252 K USD
|
EINHORN DAVID
10 percent owner |
- 16600
|
15.1657 USD |
|
8 years ago
May 12, 2016
|
Sell 12.1 K USD
|
EINHORN DAVID
10 percent owner |
- 800
|
15.1657 USD |
|
9 years ago
Jul 30, 2015
|
Bought 844 K USD
|
Thorndike William N Jr
Director |
+ 50000
|
16.8801 USD |
7. News
CNX Resources Q3 Earnings Beat Estimates, Revenues Decline Y/Y
CNX's third-quarter 2024 earnings increase year over year, while revenues decline. However, interest expenses also increase during the same period.
zacks.com
- 3 weeks ago
CNX Resources Corporation (CNX) Q3 2024 Earnings Conference Call Transcript
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.
seekingalpha.com
- 3 weeks ago
CNX Resources Corporation. (CNX) Q3 Earnings Surpass Estimates
CNX Resources Corporation. (CNX) came out with quarterly earnings of $0.41 per share, beating the Zacks Consensus Estimate of $0.32 per share.
zacks.com
- 3 weeks ago
CNX Reports Third Quarter Results
PITTSBURGH , Oct. 24, 2024 /PRNewswire/ -- CNX Resources Corporation (NYSE: CNX) ("CNX" or "the company") today released financial and operational results for the third quarter 2024 by posting those results on its website as detailed below. The company's third quarter prepared remarks can be accessed by clicking here.
prnewswire.com
- 3 weeks ago
CNX Resources to Report Third-Quarter Earnings: What's in Store?
CNX's third-quarter earnings are expected to have continued to gain from share repurchases, debt reduction and strategic plan to control oversupplied market.
zacks.com
- 3 weeks ago
CNX Resources Corporation. (CNX) Expected to Beat Earnings Estimates: What to Know Ahead of Q3 Release
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.
zacks.com
- 1 month ago
Will CNX Resources (CNX) Beat Estimates Again in Its Next Earnings Report?
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.
zacks.com
- 1 month ago
Neuberger Berman Group LLC's Strategic Acquisition in CNX Resources Corp
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.
gurufocus.com
- 1 month ago
CNX Resources Corporation Announces Third Quarter 2024 Financial Results and Q&A Conference Call Schedule
PITTSBURGH , Oct. 3, 2024 /PRNewswire/ -- CNX Resources Corp. (NYSE: CNX) will announce its financial results for Q3 2024 at 6:45 a.m. Eastern Time on Thursday, October 24.
prnewswire.com
- 1 month ago
CNX Resources (CNX) Moves 6.1% Higher: Will This Strength Last?
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.
zacks.com
- 1 month ago
Insiders Can't Get Enough of These 6 Stocks
24/7 Wall St. Insights September may be a scary month for investors, but that hasn't stopped insiders from further boosting their stakes, some of them in energy companies.
247wallst.com
- 2 months ago
Initial Results From First-of-its-Kind Public-Private Data Monitoring and Disclosure Collaboration Demonstrating that CNX Natural Gas Development is Safe and Poses No Public Health Risks
Company urges industry peers to adopt Radical Transparency ™ across all Pennsylvania natural gas development and processing operations Radical Transparency ™ objective, measured data contradicts loose statistical associations contained in University of Pittsburgh Health Study PITTSBURGH , Aug. 14, 2024 /PRNewswire/ -- The initial results of nine months of continuous air emissions monitoring at natural gas well sites and compressor stations in southwestern Pennsylvania indicate that CNX natural gas development poses no public health risk, CNX Resources (NYSE: CNX) announced in its first Radical Transparency ™ assessment report released today. Through the Radical Transparency ™ program – a first-of-its-kind public-private collaboration announced with Pennsylvania Governor Josh Shapiro's administration in November 2023 – CNX committed to sharing real-time continuous air emissions monitoring data, enhanced water quality testing results, disclosure of chemical usage, and additional waste reporting at well sites and midstream infrastructure in southwestern Pennsylvania.
prnewswire.com
- 3 months ago
8. Profile Summary
CNX Resources Corporation CNX
COUNTRY
US
INDUSTRY
Oil & Gas Exploration & Production
MARKET CAP
$ 5.7 B
Dividend Yield
0.00%
Description
CNX Resources Corporation, an independent natural gas and midstream company, acquires, explores for, develops, and produces natural gas properties in the Appalachian Basin. The company operates in two segments, Shale and Coalbed Methane. It produces and sells pipeline quality natural gas primarily for gas wholesalers. The company owns rights to extract natural gas in Pennsylvania, West Virginia, and Ohio from approximately 526,000 net Marcellus Shale acres; and approximately 610,000 net acres of Utica Shale, as well as rights to extract natural gas from other shale and shallow oil and gas positions from approximately 1,006,000 net acres in Illinois, Indiana, New York, Ohio, Pennsylvania, Virginia, and West Virginia. It also owns rights to extract coalbed methane (CBM) in Virginia from approximately 282,000 net CBM acres in Central Appalachia, as well as 1,733,000 net CBM acres in 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.
Contact
CNX Center, Canonsburg, PA, 15317-6506
https://www.cnx.com
IPO Date
April 30, 1999
Employees
470
Officers
Mr. Navneet Behl
Chief Operating Officer
Mr. Ravi Srivastava
President of New Technologies
Ms. Hayley F. Scott
Chief Risk Officer
Mr. Tyler Lewis
Vice President of Investor Relations
Mr. Timothy Scott Bedard
Executive Vice President, General Counsel & Corporate Secretary
Mr. Nicholas J. DeIuliis
President, Chief Executive Officer & Director
Mr. Alan K. Shepard
Chief Financial Officer
Mr. Jason L. Mumford
Vice President of SEC Financial Reporting & Controller