CNX Reports First Quarter Results and Provides Strategic Long-Term Plan Update
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CNX Resources (CNX) Reports Q1 Loss of $1.76, Revenues Beat
April 27, 2020 6:48 AM EDTCNX Resources (NYSE: CNX) reported Q1 EPS of ($1.76), versus ($0.44) reported last year. Revenue for the quarter came in at $416.36 million versus the consensus estimate of $377.13 million.
During the first quarter of 2020:
Reported a Net loss attributable to CNX shareholders of $329 million, or a loss of $1.76 per diluted share compared to a first quarter 2019 Net loss attributable to CNX shareholders of $87 million, or a loss of $0.44 per diluted share. The first quarter 2020 included non-cash impairment charges of $473 million for goodwill attributable to the midstream reporting unit and $62 million related to Southwestern Pennsylvania coalbed methane... More