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CNX Reports First Quarter Results

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CNX Resources (NYSE: CNX) released its first quarter 2024 financial and operational results. The company provided earnings results, E&P data, financial statements, and a presentation. Details on the Q&A conference call were also shared.
CNX Resources (NYSE: CNX) ha pubblicato i risultati finanziari e operativi del primo trimestre del 2024. L'azienda ha fornito i risultati degli utili, i dati di esplorazione e produzione, i bilanci e una presentazione. Sono stati condivisi anche i dettagli sulla conferenza telefonica per le domande e risposte.
CNX Resources (NYSE: CNX) ha divulgado sus resultados financieros y operativos del primer trimestre de 2024. La compañía proporcionó los resultados de ganancias, los datos de exploración y producción, los estados financieros y una presentación. También se compartieron detalles sobre la conferencia de preguntas y respuestas.
CNX Resources (NYSE: CNX)가 2024년 1분기 재무 및 운영 결과를 발표했습니다. 회사는 수익 결과, 탐사 및 생산 데이터, 재무제표 및 프레젠테이션을 제공했습니다. 질의응답 컨퍼런스 콜에 대한 자세한 정보도 공유되었습니다.
CNX Resources (NYSE: CNX) a publié ses résultats financiers et opérationnels pour le premier trimestre de 2024. L'entreprise a fourni les résultats de bénéfices, les données d'exploration et de production, les états financiers et une présentation. Les détails de la conférence téléphonique de questions et réponses ont également été partagés.
CNX Resources (NYSE: CNX) hat seine Finanz- und Betriebsergebnisse für das erste Quartal 2024 veröffentlicht. Das Unternehmen stellte Ergebnisse der Erträge, E&P-Daten, Finanzberichte und eine Präsentation zur Verfügung. Details zum Frage- und Antwortkonferenzanruf wurden ebenfalls mitgeteilt.
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Insights

The release of CNX Resources Corporation's first quarter financial and operational results is a vital piece of information for investors, as it provides a snapshot of the company's recent performance and future prospects. The disclosed figures such as production volumes and hedging information are particularly significant. Production volumes indicate the company's operational efficiency and ability to sustain revenue, while hedging strategies reflect how well the company is protected against price volatility in commodity markets.

For a retail investor, understanding the implications of changes in these figures is important for assessing the company's resilience in a fluctuating market. An increase in production volumes would typically signal growth and could suggest an expansion in the company’s operations or improved extraction technologies. On the other hand, robust hedging practices are indicative of risk management strategies that may protect the company’s financials against unforeseen market downturns.

From an energy market perspective, CNX's quarterly E&P data provides insights into the company’s position within the industry. Extracting and producing (E&P) is a core measure of a company's core business in the energy sector. Fluctuations in these metrics could speak to broader trends in energy demand and regulatory impacts. For instance, an increase in E&P activities might hint at a bullish market for natural resources, or it might reflect the company's strategic response to anticipated policy changes.

For investors, knowing the context behind CNX's E&P performance can guide decisions beyond mere financials — like the company's sustainability practices, which can affect public perception and long-term viability in an increasingly environmentally conscious market.

When evaluating CNX's financial statements and non-GAAP reconciliations, it's important to understand that non-GAAP measures adjust for certain items that are not considered part of routine operations. These adjustments can provide a clearer view of the company’s operational performance. For retail investors, the supplemental information provided by CNX can help paint a more accurate picture of the company's financial health, beyond what standard GAAP figures reveal.

Analyzing these non-GAAP figures alongside GAAP results offers a comprehensive understanding of the company's earnings, which is essential for forecasting future performance. Such insights into the company’s financial practices can also offer indications of management's strategic priorities and how they aim to communicate their financial health to the investment community.

PITTSBURGH, April 25, 2024 /PRNewswire/ -- CNX Resources Corporation (NYSE: CNX) ("CNX" or "the company") today released financial and operational results for the first quarter 2024 by posting those results on its website as detailed below.

The company's first quarter prepared remarks can be accessed by clicking here.

First quarter earnings results and supplemental information regarding quarterly E&P data such as production volumes and hedging information, financial statements, and non-GAAP reconciliations can be accessed by clicking here.

A company presentation to accompany its prepared remarks can be accessed by clicking here.

The company's prepared remarks, earnings results and supplemental information, and presentation materials are also available on the Investor Relations page of the company's website at www.cnx.com.

As previously disclosed, the CNX Q&A conference call details are as follows: 

  • 10:00 a.m. ET: Thursday, April 25
  • Dial-In: 855-656-0928 (domestic) 412-902-4112 (international)
  • Reference "CNX Resources Call"
  • Webcast: investors.cnx.com

A replay of the Q&A conference call and webcast will be maintained on the Investor Relations page on CNX's website.  

About CNX Resources Corporation

CNX Resources Corporation (NYSE: CNX) is unique. We are a premier, ultra-low carbon intensive natural gas development, production, midstream, and technology company centered in Appalachia, one of the most energy abundant regions in the world. With the benefit of a 160-year regional legacy, substantial asset base, leading core operational competencies, technology development and innovation, and astute capital allocation methodologies, we responsibly develop our resources and deploy free cash flow to create long-term per share value for our shareholders, employees, and the communities where we operate. As of December 31, 2023, CNX had 8.74 trillion cubic feet equivalent of proved natural gas reserves. The company is a member of the Standard & Poor's Midcap 400 Index. Additional information is available at www.cnx.com.

CNX Resources Corporation logo (PRNewsfoto/CNX Resources Corporation,CNX...)

 

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SOURCE CNX Resources Corporation

FAQ

What did CNX Resources (CNX) announce in its first quarter 2024 results?

CNX released financial and operational results for the first quarter of 2024, including earnings results, E&P data, financial statements, and a presentation.

Where can I access CNX's first quarter 2024 prepared remarks?

CNX's first quarter prepared remarks can be accessed on the company's website.

When is CNX's Q&A conference call scheduled for the first quarter 2024 results?

CNX's Q&A conference call is scheduled for 10:00 a.m. ET on Thursday, April 25.

How can I participate in CNX's Q&A conference call for the first quarter 2024 results?

To participate in CNX's Q&A conference call, dial 855-656-0928 (domestic) or 412-902-4112 (international) and reference 'CNX Resources Call.'

Where can I find the replay of CNX's Q&A conference call and webcast for the first quarter 2024 results?

The replay of CNX's Q&A conference call and webcast will be available on the Investor Relations page on CNX's website.

CNX Resources Corporation

NYSE:CNX

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