CNX Reports Fourth Quarter and Full Year 2019 Results and Provides Updated 2020 Guidance
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CNX Resources (CNX) Misses Q4 EPS by 19c, Revenues Beat
January 30, 2020 6:54 AM ESTCNX Resources (NYSE: CNX) reported Q4 EPS of ($0.14), $0.19 worse than the analyst estimate of $0.05. Revenue for the quarter came in at $508.99 million versus the consensus estimate of $389.81 million.
During the fourth quarter of 2019:
The company reported a net loss attributable to CNX shareholders of $271 million, or a loss of $1.45 per diluted share, largely due to a $327 million non-cash impairment charge related to exploration and production properties and a $119 million non-cash impairment charge related to unproved properties and expirations, both of which were associated with the company\'s Central Pennsylvania (CPA)... More