The earnings call highlighted strong production performance and promising results from Utica wells, but also noted challenges with maintaining E&P activity levels and uncertainty around key tax credits. Production is expected to decline temporarily before recovering, and while costs are competitive, there are still waiting periods and regulatory uncertainties impacting the business.

Company Guidance

During the CNX Resources Second Quarter 2025 Q&A Conference Call, the company provided guidance on several key metrics. Alan Shepard, President and CFO, detailed that the 45Z tax credit program will be first claimable in 2025, with expectations to achieve a $30 million annual run rate through 2029, pending final rule confirmation. Regarding production activity, CNX Resources plans to maintain its current activity levels due to anticipated storage levels reaching around 4 TCF, with no changes to the initial 2025 activity plan. Capital expenditure (CapEx) was noted to be front-loaded in the first half of 2025, with lighter spending projected in Q3 before picking up again in Q4. The company emphasized a capital efficiency ratio of approximately $0.85 per million, with $580 million of production against $500 million CapEx. Additionally, the company discussed their Utica wells, which have exceeded cost targets and are performing above expectations, suggesting competitiveness with Marcellus returns. The potential for increased in-basin demand due to AI-driven data center developments was highlighted as a long-term bullish factor for natural gas prices, although it currently does not affect CNX's hedging strategy.

Strong Production Performance

Production outperformed expectations due to new TIL (Turn-In-Line) performance, operational execution, production efficiency gains, and base production uptime.

Utica Wells Exceed Expectations

Utica wells performed within expectations, with the latest TILs slightly above expectations, indicating strong potential in the deep Utica play.

Cost Efficiency in Utica Wells

The cost structure of Utica wells is competitive with best in-basin opportunities, indicating potential for future development.

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

Daily Earnings Calendar >

CNX Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 23, 2025	2025 (Q3)	0.43 / -	0.409	―	―	―
Jul 24, 2025	2025 (Q2)	0.44 / 0.60	0.358	66.76% (+0.24)
Apr 24, 2025	2025 (Q1)	0.63 / 0.79	0.463	69.55% (+0.32)
Jan 30, 2025	2024 (Q4)	0.39 / 0.57	0.678	-15.34% (-0.10)
Oct 24, 2024	2024 (Q3)	0.33 / 0.41	0.366	11.75% (+0.04)
Jul 25, 2024	2024 (Q2)	0.29 / 0.36	0.309	15.86% (+0.05)
Apr 25, 2024	2024 (Q1)	0.36 / 0.46	0.587	-21.12% (-0.12)
Jan 25, 2024	2023 (Q4)	0.49 / 0.68	1.642	-58.71% (-0.96)
Oct 25, 2023	2023 (Q3)	0.32 / 0.37	-0.536	168.28% (+0.90)
Jul 27, 2023	2023 (Q2)	0.26 / 0.31	0.609	-49.26% (-0.30)

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

CNX Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 24, 2025	$33.13	$32.24	-2.69%
Apr 24, 2025	$30.59	$29.06	-5.00%
Jan 30, 2025	$27.82	$27.51	-1.11%
Oct 24, 2024	$35.85	$37.20	+3.77%

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.

FAQ

When does CNX Resources (CNX) report earnings?

CNX Resources (CNX) is schdueled to report earning on Oct 23, 2025, Before Open (Confirmed).

What is CNX Resources (CNX) earnings time?

CNX Resources (CNX) earnings time is at Oct 23, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is CNX EPS forecast?

CNX EPS forecast for the fiscal quarter 2025 (Q3) is 0.44.

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