CNX Resources Corporation (NYSE:CNX) delivered third-quarter results well ahead of analyst expectations, as robust production and favorable pricing lifted both revenue and profitability.
Despite the upbeat results, shares of the natural gas producer dipped slightly, down 0.40% in premarket trading Thursday.
For the quarter, CNX reported adjusted earnings per share of $1.21, smashing the consensus forecast of $0.40 by a wide $0.81 margin. Revenue came in at $583.8 million, far exceeding analyst projections of $438.29 million. The company did not provide a year-over-year revenue comparison in its release.
CNX, which specializes in natural gas development, production, midstream operations, and energy technology across the Appalachian Basin, continues to emphasize operational efficiency and disciplined capital management.
As of December 31, 2024, the company reported 8.54 trillion cubic feet equivalent of proved natural gas reserves, underscoring its strong asset base in one of the most prolific gas-producing regions in the U.S.
CNX describes itself as an “ultra-low carbon intensive natural gas” producer with a 161-year regional legacy, reflecting its long-standing operational roots and environmental stewardship.
A constituent of the S&P Midcap 400 Index, CNX reiterated its focus on deploying free cash flow to generate sustainable long-term value for shareholders, employees, and local communities.