Powell speech takes center stage in Tuesday’s economic events
Investing.com - Mizuho raised its price target on CNX Resources (NYSE:CNX) to $35.00 from $34.00 on Friday, while maintaining a Neutral rating on the natural gas producer. Currently trading at $32.59, CNX sits within analysts’ target range of $24-$42, with InvestingPro data showing the stock is undervalued based on its Fair Value analysis.
The research firm expects CNX to exceed consensus estimates in the third quarter of 2025, with projected beats of approximately 4% on EBITDAX and 9% on free cash flow. Mizuho noted that CNX continues to prioritize capital discipline by keeping spending near maintenance levels despite improving gas market fundamentals. The company’s financial health appears solid, with InvestingPro data showing strong profitability metrics, including a 69.35% gross profit margin and $471.83 million in levered free cash flow over the last twelve months.
CNX’s New Ventures business continues to generate incremental free cash flow, despite lowered guidance provided in the second quarter of 2025. The company’s addition of Remediated Mine Gas under the 45Z Clean Fuel Production Tax Credit framework could potentially add approximately $30 million annually starting in 2026.
Mizuho highlighted that the "One Big Beautiful Bill" has extended CNX’s tax-free period to 2028-2029, which is one to two years longer than previous expectations. This extension supports Mizuho’s higher net asset value calculation for the company.
The price target increase from $34 to $35 is based on Mizuho’s updated net asset value assessment, though the firm maintained its Neutral stance on CNX Resources stock. Management has been actively buying back shares, and InvestingPro analysis reveals 7 additional key insights about CNX’s performance and outlook, available in the comprehensive Pro Research Report.
In other recent news, CNX Resources Corporation reported significant financial results for the second quarter of 2025, with earnings per share reaching $2.53, surpassing the forecasted $0.43. The company’s revenue also exceeded expectations, totaling $485.03 million compared to the projected $462.08 million. In leadership developments, CNX Resources announced that Alan Shepard, currently serving as President and Chief Financial Officer, will assume the roles of President and Chief Executive Officer starting January 1, 2026. This transition follows the planned retirement of current CEO Nicholas J. DeIuliis at the end of 2025, although he will remain on the company’s Board of Directors. Meanwhile, Callinex Mines Inc. appointed Peter Dimmell, a seasoned geologist, to its Board of Directors as lead director on the technical committee. Dimmell brings over 50 years of experience and has been involved in significant mineral discoveries in Newfoundland. These recent developments highlight ongoing changes and achievements within both CNX Resources and Callinex Mines.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.