The earnings call reflected a balance of positive developments in cash flow and budget efficiency, alongside challenges with regulatory clarity and future production levels. The recognition of coal mine methane is a positive step, but uncertainties in regulations and market conditions pose challenges.
Company Guidance
During the CNX Resources Fourth Quarter 2024 Q&A Conference Call, the company provided insights into its guidance and outlook. The discussion covered various aspects, including the potential of coal mine methane (CMM) under the 45V federal recognition, which recognizes CMM as a low carbon intensity feedstock for hydrogen production. However, CNX highlighted the need for clearer regulatory guidance to make investment decisions in this area. On the E&P side, CNX plans to maintain flat production levels in 2024, with capital expenditure heavily weighted towards the first half of the year, and potential for increased activity depending on market conditions. The anticipated capital efficiency target remains sub-$500 million. The New Technologies segment demonstrated strong free cash flow of $30 million for Q4, though a slight decrease is expected in 2025. Overall, the company emphasized flexibility in its capital allocation strategy, adapting to market pricing and potential regulatory changes.
Strong New Tech Cash Flow
Fourth quarter of 2024 New Tech saw robust free cash flow at $30 million, with continued focus on monetization and expansion of environmental attributes.
Efficient 2025 Budget and Low Decline Rate
2025 budget is efficient, benefiting from DUCs on Apex assets, maintaining a run rate sub-500, driven by Utica CPA development and a low decline PDP base.
Coal Mine Methane Recognition
Federal recognition of coal mine methane (CMM) as a low carbon intensity feedstock for hydrogen production under 45V, validating CMM's potential across sectors.
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CNX Resources (CNX) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CNX Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Jan 30, 2025
$27.82
$27.51
-1.11%
Oct 24, 2024
$35.85
$37.20
+3.77%
Jul 25, 2024
$24.89
$25.01
+0.48%
Apr 25, 2024
$24.21
$23.94
-1.12%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does CNX Resources (CNX) report earnings?
CNX Resources (CNX) is schdueled to report earning on Apr 24, 2025, TBA Not Confirmed.
What is CNX Resources (CNX) earnings time?
CNX Resources (CNX) earnings time is at Apr 24, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.