CNX Resources Second Quarter 2024 Earnings: Misses Expectations

CNX Resources (NYSE:CNX) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$307.3m (up 3.9% from 2Q 2023).
• Net loss: US$18.3m (down by 104% from US$475.0m profit in 2Q 2023).
• US$0.12 loss per share (down from US$2.89 profit in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

CNX Resources Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 16%. Earnings per share (EPS) was also behind analyst expectations.

Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Oil and Gas industry in the US.

Performance of the American Oil and Gas industry.

The company's shares are down 1.8% from a week ago.

Risk Analysis

Before you take the next step you should know about the 3 warning signs for CNX Resources (1 is a bit unpleasant!) that we have uncovered.

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