Financials CNX Resources Corporation

Equities

CNX

US12653C1080

Oil & Gas Exploration and Production

Market Closed - Nyse Other stock markets 13:00:02 2024-11-29 EST			5-day change	1st Jan Change
40.52 ^USD	+0.45%		-1.39%	+102.60%

10-28	Sector Update: Energy Stocks Fall in Late Monday Afternoon Trading	MT
10-28	CNX Resources Shares Fall After Downgrade From Truist	MT

Projected Income Statement: CNX Resources Corporation

income-statement-evolution-chart CNX-RESOURCES-CORPORATION

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	1,922	1,258	756.8	1,261	3,466	1,528	1,846	1,993
Change	-	-34.56%	-39.84%	66.65%	174.8%	-55.9%	20.8%	7.95%
EBITDA ¹	957.5	922	1,195	1,300	968	992.2	1,092	1,207
Change	-	-3.71%	29.61%	8.79%	-25.54%	2.5%	10.05%	10.56%
EBIT ¹	404.7	406	643	868.2	601	380.4	539.5	623.2
Change	-	0.33%	58.37%	35.03%	-30.78%	-36.7%	41.83%	15.5%
Interest Paid ¹	-151.4	-170.8	-151.2	-127.7	-143.3	-152.2	-146.9	-129.2
Earnings before Tax (EBT) ¹	59.68	-602.8	-636.5	-211.9	2,254	150.9	390.7	573.8
Change	-	-	5.59%	-66.7%	-	-93.31%	158.93%	46.88%
Net income ¹	-80.73	-483.8	-498.6	-142.1	1,745	112.7	302.1	413.5
Change	-	499.25%	3.07%	-71.51%	-	-93.54%	168.07%	36.85%
Announcement Date	1/30/20	1/28/21	1/27/22	1/26/23	1/25/24	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2019 Q4	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3
Net sales ¹	509	416.4	148.8	66.08	626.7	473.1	-127.2	-880.3	1,291	-913.1	420.4	117.1	1,637	1,276	839.7	350.5	999.6	384.6	321.4	424.2	416.6	467.7	446.5	456.7	484	639	504	515
Change	-	-18.2%	-64.25%	-55.61%	848.47%	-24.51%	-	591.97%	-	-	-	-72.16%	1,298.27%	-22.05%	-34.19%	-58.26%	185.18%	-61.53%	-16.41%	31.97%	-1.81%	12.27%	-4.53%	2.29%	5.98%	32.01%	-21.13%	2.18%
EBITDA ¹	264	290.7	212.2	170	250	280	251	336	328	362	338	326	274	261	217	228	262	252	242	253	245.7	283.1	263.1	267.8	281.2	324.8	295.3	301.4
Change	-	10.15%	-27%	-19.9%	47.06%	12%	-10.36%	33.86%	-2.38%	10.37%	-6.63%	-3.55%	-15.95%	-4.74%	-16.86%	5.07%	14.91%	-3.82%	-3.97%	4.55%	-2.89%	15.23%	-7.08%	1.8%	4.99%	15.51%	-9.08%	2.09%
EBIT ¹	100.6	157.7	-113.7	55	100	141	123	200	180	234	212.4	202.7	233.1	193.2	208	108	143	91	120	126	120.2	151	125.4	133.7	147.7	176.8	161.8	183.8
Change	-	56.7%	-	-	81.82%	41%	-12.77%	62.6%	-10%	30%	-9.23%	-4.57%	15.02%	-17.13%	7.65%	-48.08%	32.41%	-36.36%	31.87%	5%	-4.61%	25.65%	-16.94%	6.58%	10.47%	19.68%	-8.44%	13.58%
Charge d'intérêts ¹	-37.05	-49	-46.26	-37.92	-37.63	-36.37	-39.58	-37.94	-37.26	-27.07	-31.05	-34.35	-35.22	-35.74	-34.82	-35.39	-37.33	-37.44	-38.63	-37.92	-38.17	-37.35	-36.88	-36.35	-35.35	-35.19	-35.03	-34.36
Earnings before Tax (EBT) ¹	-290.5	-457.8	-159.1	-250.1	264.2	135.4	-446.2	-1,232	906.7	-1,249	46.92	-266.7	1,256	928	636.7	19.24	669.8	6.319	-15.24	82.56	76.62	114.9	86.85	89.86	101.5	171.7	125.9	131.5
Change	-	57.62%	-65.24%	57.15%	-	-48.75%	-	176.22%	-	-	-	-	-	-26.14%	-31.38%	-96.98%	3,380.94%	-99.06%	-	-	-7.2%	49.92%	-24.39%	3.47%	12.89%	69.23%	-26.67%	4.49%
Net income ¹	-271.4	-329.1	-145.7	-204.7	195.8	98.02	-354.1	-872.9	630.3	-922.9	33.36	-427.1	1,175	710.4	475	21.38	537.8	6.851	-18.26	65.54	58.53	88.46	68.73	71.88	81.07	132.2	96.28	100.5
Change	-	21.25%	-55.71%	40.45%	-	-49.93%	-	146.55%	-	-	-	-	-	-39.52%	-33.14%	-95.5%	2,415.43%	-98.73%	-	-	-10.69%	51.13%	-22.31%	4.59%	12.78%	63.05%	-27.16%	4.42%
Announcement Date	1/30/20	4/27/20	7/30/20	10/29/20	1/28/21	4/29/21	7/29/21	10/28/21	1/27/22	4/28/22	7/28/22	10/27/22	1/26/23	4/27/23	7/27/23	10/25/23	1/25/24	4/25/24	7/25/24	10/24/24	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: CNX Resources Corporation

balance-sheet-analysis-chart CNX-RESOURCES-CORPORATION

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	2,745	2,416	2,269	2,367	2,039	2,223	2,154	-
Change	-	-11.99%	-6.08%	4.32%	-13.86%	9.03%	-3.1%	-
Announcement Date	1/30/20	1/28/21	1/27/22	1/26/23	1/25/24	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: CNX Resources Corporation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
CAPEX ¹	1,193	487.3	465.9	565.8	679.4	541.6	567.9	563.3
Change	-	-59.14%	-4.4%	21.44%	20.09%	-20.29%	4.85%	-0.8%
Free Cash Flow (FCF) ¹	-212	307.8	460.5	669.3	135.2	242.2	370	490
Change	-	-245.15%	49.62%	45.33%	-79.8%	79.2%	52.73%	32.43%
Announcement Date	1/30/20	1/28/21	1/27/22	1/26/23	1/25/24	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: CNX Resources Corporation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Profitability
EBITDA Margin (%)	49.81%	73.29%	157.9%	103.08%	27.93%	64.91%	59.14%	60.56%
EBIT Margin (%)	21.05%	32.27%	84.96%	68.84%	17.34%	24.89%	29.22%	31.26%
EBT Margin (%)	3.1%	-47.92%	-84.11%	-16.81%	65.03%	9.87%	21.16%	28.79%
Net margin (%)	-4.2%	-38.46%	-65.89%	-11.27%	50.34%	7.37%	16.36%	20.74%
FCF margin (%)	-11.03%	24.47%	60.85%	53.06%	3.9%	15.85%	20.04%	24.58%
FCF / Net Income (%)	262.65%	-63.62%	-92.35%	-471.05%	7.75%	214.93%	122.46%	118.51%
Profitability
ROA	-	2.23%	4.31%	6.42%	4.17%	3%	2.89%	-
ROE	-	4.45%	8.57%	16.03%	9.76%	5.98%	5.81%	-
Financial Health
Leverage (Debt/EBITDA)	2.87x	2.62x	1.9x	1.82x	2.11x	2.24x	1.97x	-
Debt / Free cash flow	-12.95x	7.85x	4.93x	3.54x	15.08x	9.18x	5.82x	-
Capital Intensity
CAPEX / Current Assets (%)	62.04%	38.74%	61.56%	44.86%	19.6%	35.43%	30.75%	28.26%
CAPEX / EBITDA (%)	124.55%	52.85%	38.98%	43.52%	70.19%	54.59%	52.01%	46.66%
CAPEX / FCF (%)	-562.44%	158.32%	101.17%	84.53%	502.58%	223.56%	153.47%	114.96%
Items per share
Cash flow per share ¹	5.101	3.998	4.62	6.363	0.704	4.764	5.501	6.392
Change	-	-21.63%	15.55%	37.74%	-88.94%	576.74%	15.47%	16.18%
Dividend per Share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Book Value Per Share ¹	-	20.13	18.18	15.57	22.84	27.9	29.71	-
Change	-	-	-9.68%	-14.36%	46.68%	22.19%	6.49%	-
EPS ¹	-0.42	-2.43	-2.31	-0.75	9.12	0.6916	1.779	2.562
Change	-	478.57%	-4.94%	-67.53%	-1,316%	-92.42%	157.18%	44.04%
Nbr of stocks (in thousands)	186,587	224,529	211,200	180,477	158,853	149,271	149,271	149,271
Announcement Date	1/30/20	1/28/21	1/27/22	1/26/23	1/25/24	-	-	-