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PITTSBURGH - On Thursday, CNX Resources Corporation (NYSE:CNX) reported third quarter earnings that significantly exceeded analyst expectations, with both revenue and earnings per share coming in well above consensus estimates.
CNX shares edged down 0.40% in Pre-market trading following the announcement.
The natural gas producer posted adjusted earnings per share of $1.21 for the third quarter of 2025, substantially beating the analyst estimate of $0.40 by $0.81. Revenue for the quarter reached $583.8 million, surpassing the consensus estimate of $438.29 million. The company did not provide year-over-year revenue comparisons in its release.
The company, which focuses on natural gas development, production, midstream operations, and technology in the Appalachian region, noted it had 8.54 trillion cubic feet equivalent of proved natural gas reserves as of December 31, 2024.
CNX Resources describes itself as an "ultra-low carbon intensive natural gas" company with a 161-year regional legacy. The company is a member of the Standard & Poor’s Midcap 400 Index and emphasizes its focus on deploying free cash flow to create long-term value for shareholders, employees, and communities.
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