CNX Resources (CNX) Posts Loss of $1.61/Share, FCF Rises for Sixth Consecutive Quarter

CNX Resources (NYSE: CNX) reported Q2 EPS of ($1.61), which may not compare to the analyst estimate of $0.22. Revenue for the quarter came in at $369.45 million versus the consensus estimate of $385.29 million. Free cash flow (FCF) of $117 million, or sixth consecutive quarter of positive FCF generation.

2021E FCF guidance increased $25 million to approximately $475 million.

“CNX continued to successfully execute its plan by delivering another quarter of positive free cash flow, reducing absolute debt, and continuing share buybacks at attractive pricing," commented Nick DeIuliis, president and CEO. “Our ability to consistently generate significant, sustainable free cash flow, and reduce debt and return capital to shareholders is special and continues to differentiate CNX from others in our industry and beyond."

For earnings history and earnings-related data on CNX Resources (CNX) click here.

You May Also Be Interested In

• Tesla touts acceleration of new models, but Q1 results fall short of estimates
• Mattel (MAT) Tops Q1 EPS by 7c, Revenue Misses, Offers Guidance
• Eastgroup Properties (EGP) Tops Q1 EPS by 17c, provides guidance