Fiserv earnings missed by $0.61, revenue fell short of estimates
CNX Resources Corporation (NYSE:CNX), a $4.3 billion market cap energy company currently trading at $30.36, announced Monday that Chief Executive Officer Nicholas J. DeIuliis has informed the company of his intention to retire as CEO, effective December 31, 2025. According to InvestingPro data, the company has demonstrated strong financial health with management actively buying back shares. DeIuliis will remain a non-executive employee through February 2, 2026, after which he plans to retire as an employee but will continue to serve on the company’s Board of Directors.
The company’s Board has appointed Alan K. Shepard, currently President and Chief Financial Officer, to assume the roles of President and Chief Executive Officer, effective January 1, 2026. Shepard will also join the Board as its eighth member on that date. The appointment is contingent on Shepard remaining an employee through the transition.
Shepard, age 44, joined CNX Resources in 2020. He has served as Chief Financial Officer since June 2022 and as President and Chief Financial Officer since June 2025. Previously, he was Vice President – Accounting and Chief Accounting Officer from February 2020 to June 2022. According to the company’s statement, Shepard has contributed to the development of the company’s seven-year plan, capital allocation strategy, and led strategic initiatives, including the Apex Energy acquisition.
The Compensation Committee of the Board will determine any changes to Shepard’s compensation in connection with his new role at a later date. Shepard will not receive compensation for his service as a Board member.
The company stated there are no arrangements or understandings between Shepard and any other persons regarding his selection as President, CEO, or director, and that he does not have any material interest in transactions requiring disclosure under relevant SEC regulations.
This information is based on a press release statement contained in a filing with the Securities and Exchange Commission.
In other recent news, CNX Resources Corporation reported a significant earnings beat for the second quarter of 2025. The company posted an earnings per share (EPS) of $2.53, far exceeding the forecasted $0.43. Revenue also surpassed expectations, reaching $485.03 million compared to the anticipated $462.08 million. In leadership developments, CNX Resources announced that Alan Shepard, currently serving as President and Chief Financial Officer, will assume the role of President and Chief Executive Officer effective January 1, 2026. Shepard will succeed Nick Deiuliis, who is set to retire at the end of 2025 but will remain on the Board of Directors. Meanwhile, Callinex Mines Inc. has appointed veteran geologist Peter Dimmell to its Board of Directors as lead director on the technical committee. Dimmell brings over 50 years of experience and was integral to the discovery of several significant mineral deposits in Newfoundland. These developments mark important strategic and operational changes for both companies.
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