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Today, CNX Resources Corporation (NYSE:CNX), a $4.5 billion market cap player in the crude petroleum and natural gas industry, announced its financial and operational results for the first quarter of 2025. Trading at $30.59, the stock has delivered a notable 26% return over the past year. The details were made available on the company’s website and are included as part of a Current Report on Form 8-K filed with the Securities and Exchange Commission. According to InvestingPro data, analysts anticipate strong sales growth for the current year.
The company, headquartered in Canonsburg, Pennsylvania, and incorporated in Delaware, detailed its performance in a document attached to the 8-K filing as Exhibit 99.1. With an EBITDA of $489.5 million in the last twelve months and a Financial Health Score rated as "FAIR" by InvestingPro, the company maintains a significant presence in the energy sector. As stated in the filing, these results are furnished and are not deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, nor will they be incorporated by reference into any filing under the Securities Act of 1933, unless specifically identified as such.
The report, signed by Alan K. Shepard, Chief Financial Officer and Executive Vice President of CNX Resources, was dated today, aligning with the period of report stated in the 8-K filing. The company’s common stock, with a par value of $.01, is listed on the New York Stock Exchange under the trading symbol CNX.
The release of this information adheres to the regulations of the Securities Exchange Act of 1934, particularly concerning the disclosure of financial conditions and results of operations. Investors and stakeholders can review the full details of the company’s financial performance for the first quarter of 2025 by accessing the exhibit attached to the 8-K filing.
The document provides a comprehensive overview of CNX Resources’ financial status and operational outcomes during the period, serving as a factual resource for assessing the company’s current market position. The report is based on a press release statement and does not include any forward-looking statements or speculations about the company’s future performance.
In other recent news, CNX Resources reported a significant earnings miss for the fourth quarter of 2024, with earnings per share at -$0.97, falling short of the forecasted $0.43. Revenue also missed expectations, coming in at $136.58 million against a forecast of $424.4 million. Despite this, CNX Resources’ stock saw a modest increase. JPMorgan maintained its Underweight rating on CNX Resources, projecting first-quarter results to align with volume expectations but with financials falling short of consensus estimates. The firm anticipates a cash flow per share of $1.42 and EBITDA of $294 million, both below the Street’s estimates.
Mizuho (NYSE:MFG) Securities adjusted its outlook on CNX Resources, raising the price target to $35 while maintaining an Underperform rating, citing expected misses in EBITDA and cash flow per share for the first quarter of 2025. Stephens analyst Mike Scialla upgraded CNX Resources from Equal Weight to Overweight, setting a new price target at $48, based on the company achieving 100% of his net asset value estimate. Raymond (NSE:RYMD) James also upgraded CNX Resources from Underperform to Market Perform, acknowledging the company’s hedging strategy and its potential impact on benefiting from the natural gas market. CNX Resources’ recent acquisition of Apex Energy II, expanding its portfolio by roughly 36,000 net acres, was highlighted as a strategic move to bolster its operations.
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