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PITTSBURGH -On Thursday, CNX Resources Corporation (NYSE:CNX) reported first quarter 2025 financial results that exceeded analyst expectations on the revenue front, while falling short on earnings.
The company’s stock edged up 1.67% in premarket trading following the announcement.
The natural gas producer posted revenue of $551.09 million for the quarter, surpassing the consensus estimate of $517.08 million. This represents a beat of 6.6% compared to analyst projections. However, the company reported a loss per share of -$1.34, significantly below the analyst estimate of $0.61 earnings per share.
Despite the earnings miss, investors appeared to focus on the revenue beat, as evidenced by the modest stock price increase. The revenue performance suggests stronger-than-expected demand or pricing for CNX’s natural gas production during the quarter.
CNX Resources, centered in the Appalachian region, emphasizes its position as an ultra-low carbon intensive natural gas development, production, midstream, and technology company. As of December 31, 2024, the company reported 8.54 trillion cubic feet equivalent of proved natural gas reserves.
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