CNX Reports Second Quarter Results and Provides Updated 2019 and 2020 Guidance
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CNX Resources (CNX) Tops Q2 EPS by 72c, Revenues Beat
July 30, 2019 6:52 AM EDTCNX Resources (NYSE: CNX) reported Q2 EPS of $0.84, $0.72 better than the analyst estimate of $0.12. Revenue for the quarter came in at $605 million versus the consensus estimate of $371.95 million.
The company reported net income attributable to CNX shareholders of $162 million, or earnings of $0.84 per diluted share, compared to net income attributable to CNX shareholders of $42 million, or earnings of $0.19 per diluted share, in the second quarter of 2018. Included in the 2019 earnings was an unrealized gain on commodity derivative instruments of $211 million and a loss of $20 million due to a non-cash charge for additional... More