CNX Resources Q1 Earnings Beat Estimates, Revenues Increase Y/Y

CNX Resources Corporation CNX reported first-quarter 2025 operating earnings of 78 cents per share, which beat the Zacks Consensus Estimate of 64 cents by 21.9%. The bottom line also increased 73.3% from 45 cents in the year-ago quarter. (See the Zacks Earnings Calendar to stay ahead of market-making news.)CNX’s RevenuesThe company reported revenues of $441 million, which missed the Zacks Consensus Estimate of $492 million by 10.4%. However, the top line increased 15.7% from the prior-year quarter’s $381 million. CNX Resources Corporation. Price, Consensus and EPS Surprise CNX Resources Corporation. price-consensus-eps-surprise-chart | CNX Resources Corporation. QuoteHighlights of CNX’s Q1 ReleaseThe average selling price in the quarter was $2.99 per thousand cubic feet equivalent (Mcfe), up 10.3% from the year-ago figure of $2.71. Total production cost was $1.68 per Mcfe, down 0.6% year over year.Total production volumes were 147.8 billion cubic feet equivalent (Bcfe), up 5.3% year over year.Interest expenses totaled $41.6 million, up 11.2% year over year.During the first quarter, CNX Resources repurchased 4.2 million shares at an average price of $29.88 per share for a total cost of $125 million. Over the past 18 quarters, CNX repurchased approximately 38% of its outstanding shares.CNX Resources’ adjusted net debt increased in the first quarter due to the Apex Energy acquisition.CNX’s Financial UpdateAs of March 31, 2025, CNX Resources had cash and cash equivalents of $2.6 million compared with $17.2 million as of Dec. 31, 2024.Long-term debt as of March 31, 2025, was $2.35 billion compared with $1.84 billion as of Dec. 31, 2024.Cash from operating activities for the first quarter totaled $215.6 million compared with $185.1 million in the year-ago quarter. Free cash flow amounted to $100 million.Capital expenditure for the quarter totaled $131.5 million compared with $168.2 million in the year-ago period.CNX’s GuidanceCNX Resources expects 2025 total capital expenditure to be between $450 million and $500 million.The company expects 2025 production volume to be in the band of 605-620 Bcfe.Total free cash flow is expected to be $575 million.CNX also expects 2025 adjusted EBITDAX to be in the range of $1.225-$1.275 billion.CNX’s Zacks RankThe company currently has a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.Upcoming ReleasesONEOK, Inc. OKE is slated to report first-quarter results on April. 29, after market close. The Zacks Consensus Estimate for earnings is pegged at $1.23 per share, which indicates year-over-year growth of 12.8%.OKE’s long-term (three to five years) earnings growth rate is 4.39%. The Zacks Consensus Estimate for 2025 earnings is pinned at $5.39 per share.Energy Transfer ET is slated to report first-quarter results on May 6, after market close. The Zacks Consensus Estimate for earnings is pegged at 33 cents per unit, which indicates a year-over-year increase of 3.1%.ET’s long-term earnings growth rate is 21.4%. The Zacks Consensus Estimate for 2025 earnings is pegged at $1.41 per unit, which indicates a year-over-year increase of 10.2%.Devon Energy DVN is slated to report first-quarter results on May 6, after market close. The Zacks Consensus Estimate for earnings is pegged at $1.25 per share.DVN’s long-term (three to five years) earnings growth rate is 11.01%. The Zacks Consensus Estimate for first-quarter sales is pinned at $4.36 billion. Zacks Names #1 Semiconductor StockIt's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.See This Stock Now for Free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Devon Energy Corporation (DVN): Free Stock Analysis Report ONEOK, Inc. (OKE): Free Stock Analysis Report CNX Resources Corporation. (CNX): Free Stock Analysis Report Energy Transfer LP (ET): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks