CNX Resources (CNX) Reports Q2 Loss of $0.78/sh

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Go back to CNX Resources (CNX) Reports Q2 Loss of $0.78/sh

CNX Reports Second Quarter Results

July 30, 2020 6:45 AM EDT

PITTSBURGH, July 30, 2020 /PRNewswire/ -- CNX Resources Corporation (NYSE: CNX) ("CNX" or "the company") today announced the following financial and operational results:

Second Quarter Highlights

Reported a net loss attributable to CNX shareholders of $146 million, or a loss of $0.78 per diluted share, including an unrealized loss on commodity derivative instruments of $206 million. Adjusted net income (a non-GAAP measure)(1) was $24 million. Adjusted EBITDAX (a non-GAAP measure)(1) was $212 million. Net cash provided by operating activities was $144 million and capital expenditures were $135 million. Proceeds from... More