CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Open platformOpen platform

CNX Resources Q3 revenue beats estimates

By Reuters News


Overview

  • U.S. natural gas producer's Q3 revenue beat analyst expectations

  • Adjusted EPS for Q3 was $1.12


Outlook

  • CNX raises FY26 FCF guidance to approximately $550 mln from $525 mln, assuming Oct. 14 NYMEX pricing of $3.54/MMBtu

  • CNX narrows FY26 base-capital guidance to $555 mln-$570 mln from $540 mln-$570 mln

  • Company narrows FY26 production guidance to 612.5-617.5 Bcfe from 605.0-620.0 Bcfe and expects 34 wells TIL


Result Drivers

  • LOWER GAS, NGL AND OIL REVENUE – Natural gas, NGL and oil revenue fell to $372.5 mln from $401.0 mln yr/yr, partly offset by derivative gains rising to $160.6 mln from $131.7 mln

  • LOWER ASSET-SALE GAINS – Net gains on asset sales and abandonments fell to $3.5 mln from $67.5 mln yr/yr, contributing to higher total costs and expenses

  • HIGHER CAPITAL SPENDING – Free cash flow fell to $125 mln from $226 mln yr/yr as capital expenditures rose to $139 mln from $76 mln and asset-sale proceeds declined


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Beat

$580.004 mln

$483.81 mln (6 Analysts)

Q3 EPS

$1.12


Analyst Coverage

  • The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 10 "hold" and 2 "sell" or "strong sell"

  • The average consensus recommendation for the oil & gas exploration and production peer group is "buy."

  • Wall Street's median 12-month price target for CNX Resources Corporation is $36.50, about 4.1% below its October 28 closing price of $38.05

  • The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 10 three months ago


Reuters Recommended Reads

  • Oct 26 - EQT to buy Range Resources in $13 billion deal to create top US gas producer

  • Oct 27 - Natgas producer EQT's Q3 profit beats expectations on lower operating costs

  • Oct 27 - Natural gas producer Range Resources' Q3 adjusted EPS, net income beat estimates


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.