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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.
The 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-eps-surprise-chart | CNX Resources Corporation. Quote
The 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.
As 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 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.
The company currently has a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
ONEOK, 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%.
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This article originally published on Zacks Investment Research (zacks.com).
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