We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
CNX posted Q2 EPS of 59 cents, up 64% year over year and above estimates of 39 cents per share.
Production rose 25% to 167.6 Bcfe, while per-unit costs fell and prices edged higher.
CNX repurchased 3.7M shares in Q2 and cut adjusted net debt by $69M during the quarter.
CNX Resources Corporation (CNX - Free Report) reported second-quarter 2025 operating earnings of 59 cents per share, which beat the Zacks Consensus Estimate of 39 cents by 51.3%. The bottom line also increased 63.9% from 36 cents in the year-ago quarter.
CNX’s Revenues
The company reported revenues of $450 million, which missed the Zacks Consensus Estimate of $457 million by 1.4%. However, the top line increased 30.1% from the prior-year quarter’s $346 million.
CNX Resources Corporation. Price, Consensus and EPS Surprise
The average selling price in the quarter was $2.68 per thousand cubic feet equivalent (Mcfe), up 3.9% from the year-ago figure of $2.58. Total production cost was $1.67 per Mcfe, down 2.3% year over year.
Total production volumes were 167.6 billion cubic feet equivalent (Bcfe), up 25.1% year over year.
Interest expenses totaled $44 million, up 13.9% year over year.
During the second quarter, CNX Resources repurchased 3.7 million shares at an average price of $31.24 per share for a total cost of $114 million. Over the past 19 quarters, CNX has repurchased approximately 40% of its outstanding shares.
CNX Resources’ adjusted net debt decreased by $69 million.
CNX’s Financial Update
As of June 30, 2025, CNX Resources had cash and cash equivalents of $3.39 million compared with $17.2 million as of Dec. 31, 2024.
Long-term debt as of June 30, 2025, was $2.29 billion compared with $1.84 billion as of Dec. 31, 2024.
Cash from operating activities for the first six months of 2025 totaled $282.5 million compared with $191.8 million in the year-ago period. Free cash flow amounted to $188 million.
Capital expenditure for the first six months totaled $113.6 million compared with $151.9 million in the year-ago period.
CNX’s Guidance
CNX Resources continues to expect 2025 total capital expenditure to be between $450 million and $500 million.
The company expects 2025 production volume to be in the band of 615-620 Bcfe compared with the previous guidance 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.
ONEOK, Inc. (OKE - Free Report) is slated to report second-quarter results on Aug. 4, after market close. The Zacks Consensus Estimate for earnings is pegged at $1.39 per share, which indicates year-over-year growth of 4.5%.
OKE’s long-term (three to five years) earnings growth rate is 7.68%. The Zacks Consensus Estimate for 2025 earnings is pinned at $5.57 per share.
Devon Energy (DVN - Free Report) is slated to report second-quarter results on Aug. 5, after market close. The Zacks Consensus Estimate for earnings is pegged at 82 cents per share.
DVN’s long-term earnings growth rate is 3.42%. The Zacks Consensus Estimate for second-quarter sales is pinned at $4.02 billion.
Energy Transfer (ET - Free Report) is slated to report second-quarter results on Aug. 6, after market close. The Zacks Consensus Estimate for earnings is pegged at 32 cents per unit, which indicates a year-over-year decrease of 8.6%.
ET’s long-term earnings growth rate is 13.67%. The Zacks Consensus Estimate for 2025 earnings is pegged at $1.41 per unit, which indicates a year-over-year increase of 10.2%.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
CNX Resources Q2 Earnings Beat Estimates, Revenues Increase Y/Y
Key Takeaways
CNX Resources Corporation (CNX - Free Report) reported second-quarter 2025 operating earnings of 59 cents per share, which beat the Zacks Consensus Estimate of 39 cents by 51.3%. The bottom line also increased 63.9% from 36 cents in the year-ago quarter.
CNX’s Revenues
The company reported revenues of $450 million, which missed the Zacks Consensus Estimate of $457 million by 1.4%. However, the top line increased 30.1% from the prior-year quarter’s $346 million.
CNX Resources Corporation. Price, Consensus and EPS Surprise
CNX Resources Corporation. price-consensus-eps-surprise-chart | CNX Resources Corporation. Quote
Highlights of CNX’s Q2 Release
The average selling price in the quarter was $2.68 per thousand cubic feet equivalent (Mcfe), up 3.9% from the year-ago figure of $2.58. Total production cost was $1.67 per Mcfe, down 2.3% year over year.
Total production volumes were 167.6 billion cubic feet equivalent (Bcfe), up 25.1% year over year.
Interest expenses totaled $44 million, up 13.9% year over year.
During the second quarter, CNX Resources repurchased 3.7 million shares at an average price of $31.24 per share for a total cost of $114 million. Over the past 19 quarters, CNX has repurchased approximately 40% of its outstanding shares.
CNX Resources’ adjusted net debt decreased by $69 million.
CNX’s Financial Update
As of June 30, 2025, CNX Resources had cash and cash equivalents of $3.39 million compared with $17.2 million as of Dec. 31, 2024.
Long-term debt as of June 30, 2025, was $2.29 billion compared with $1.84 billion as of Dec. 31, 2024.
Cash from operating activities for the first six months of 2025 totaled $282.5 million compared with $191.8 million in the year-ago period. Free cash flow amounted to $188 million.
Capital expenditure for the first six months totaled $113.6 million compared with $151.9 million in the year-ago period.
CNX’s Guidance
CNX Resources continues to expect 2025 total capital expenditure to be between $450 million and $500 million.
The company expects 2025 production volume to be in the band of 615-620 Bcfe compared with the previous guidance 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 Rank
The 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 Releases
ONEOK, Inc. (OKE - Free Report) is slated to report second-quarter results on Aug. 4, after market close. The Zacks Consensus Estimate for earnings is pegged at $1.39 per share, which indicates year-over-year growth of 4.5%.
OKE’s long-term (three to five years) earnings growth rate is 7.68%. The Zacks Consensus Estimate for 2025 earnings is pinned at $5.57 per share.
Devon Energy (DVN - Free Report) is slated to report second-quarter results on Aug. 5, after market close. The Zacks Consensus Estimate for earnings is pegged at 82 cents per share.
DVN’s long-term earnings growth rate is 3.42%. The Zacks Consensus Estimate for second-quarter sales is pinned at $4.02 billion.
Energy Transfer (ET - Free Report) is slated to report second-quarter results on Aug. 6, after market close. The Zacks Consensus Estimate for earnings is pegged at 32 cents per unit, which indicates a year-over-year decrease of 8.6%.
ET’s long-term earnings growth rate is 13.67%. The Zacks Consensus Estimate for 2025 earnings is pegged at $1.41 per unit, which indicates a year-over-year increase of 10.2%.