CNX Resources Q2 Earnings Beat Estimates, Revenues Increase Y/Y

CNX Resources Corporation CNX reported second-quarter 2025 operating earnings of 59 cents per share, which beat the Zacks Consensus Estimate of 39 cents by 51.3%. The bottom line also increased 63.9% from 36 cents in the year-ago quarter.CNX’s RevenuesThe company reported revenues of $450 million, which missed the Zacks Consensus Estimate of $457 million by 1.4%. However, the top line increased 30.1% from the prior-year quarter’s $346 million. CNX Resources Corporation. Price, Consensus and EPS Surprise CNX Resources Corporation. price-consensus-eps-surprise-chart | CNX Resources Corporation. QuoteHighlights of CNX’s Q2 ReleaseThe average selling price in the quarter was $2.68 per thousand cubic feet equivalent (Mcfe), up 3.9% from the year-ago figure of $2.58. Total production cost was $1.67 per Mcfe, down 2.3% year over year.Total production volumes were 167.6 billion cubic feet equivalent (Bcfe), up 25.1% year over year. Interest expenses totaled $44 million, up 13.9% year over year.During the second quarter, CNX Resources repurchased 3.7 million shares at an average price of $31.24 per share for a total cost of $114 million. Over the past 19 quarters, CNX has repurchased approximately 40% of its outstanding shares.CNX Resources’ adjusted net debt decreased by $69 million.CNX’s Financial UpdateAs of June 30, 2025, CNX Resources had cash and cash equivalents of $3.39 million compared with $17.2 million as of Dec. 31, 2024.Long-term debt as of June 30, 2025, was $2.29 billion compared with $1.84 billion as of Dec. 31, 2024.Cash from operating activities for the first six months of 2025 totaled $282.5 million compared with $191.8 million in the year-ago period. Free cash flow amounted to $188 million.Capital expenditure for the first six months totaled $113.6 million compared with $151.9 million in the year-ago period.CNX’s GuidanceCNX Resources continues to expect 2025 total capital expenditure to be between $450 million and $500 million. The company expects 2025 production volume to be in the band of 615-620 Bcfe compared with the previous guidance of 605-620 Bcfe. Total free cash flow is expected to be $575 million.CNX also expects 2025 adjusted EBITDAX to be in the range of $1.225-$1.275 billion.CNX’s Zacks RankThe company currently has a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.Upcoming ReleasesONEOK, Inc. OKE is slated to report second-quarter results on Aug. 4, after market close. The Zacks Consensus Estimate for earnings is pegged at $1.39 per share, which indicates year-over-year growth of 4.5%. OKE’s long-term (three to five years) earnings growth rate is 7.68%. The Zacks Consensus Estimate for 2025 earnings is pinned at $5.57 per share.Devon Energy DVN is slated to report second-quarter results on Aug. 5, after market close. The Zacks Consensus Estimate for earnings is pegged at 82 cents per share.DVN’s long-term earnings growth rate is 3.42%. The Zacks Consensus Estimate for second-quarter sales is pinned at $4.02 billion.Energy Transfer ET is slated to report second-quarter results on Aug. 6, after market close. The Zacks Consensus Estimate for earnings is pegged at 32 cents per unit, which indicates a year-over-year decrease of 8.6%. ET’s long-term earnings growth rate is 13.67%. The Zacks Consensus Estimate for 2025 earnings is pegged at $1.41 per unit, which indicates a year-over-year increase of 10.2%.  7 Best Stocks for the Next 30 DaysJust released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."Since 1988, the full list has beaten the market more than 2X over with an average gain of +23.5% per year. So be sure to give these hand picked 7 your immediate attention. See them now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Devon Energy Corporation (DVN): Free Stock Analysis Report ONEOK, Inc. (OKE): Free Stock Analysis Report CNX Resources Corporation. (CNX): Free Stock Analysis Report Energy Transfer LP (ET): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks