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CNX Resources(CNX) - 2024 Q1 - Earnings Call Transcript
2024-04-26 03:49
财务数据和关键指标变化 - 公司未提供具体的财务数据和关键指标变化 [4][5] 各条业务线数据和关键指标变化 - 公司未提供各条业务线的具体数据和关键指标变化 [4][5] 各个市场数据和关键指标变化 - 公司未提供各个市场的具体数据和关键指标变化 [4][5] 公司战略和发展方向及行业竞争 - 公司正在开发新的技术,包括用于油气井回流作业的设备和利用地层高压能源生产CNG/LNG的技术 [19][20][21][22][23][24][25][26][27][28][29][39][40] - 这些新技术可以降低成本、减少排放,满足行业对更环保、更高效技术的需求 [23][24][25][26][27][28][29] - 公司正在与Deep Well Services和NuBlu Energy等行业合作伙伴合作,将这些新技术商业化 [19][28][29] - 公司认为这些新技术可以为公司带来大量的潜在市场机会,包括电力、运输、制造业等领域 [33][34][35][36][37][38][39][40][41][42] 管理层对经营环境和未来前景的评论 - 管理层认为全球能源需求持续增长,但传统能源供给方式存在挑战,公司的新技术可以提供更有效的解决方案 [33][34][35][36][37][38][39][40][41][42] - 公司将继续密切关注市场价格走势,根据情况适当调整产量和投资计划 [48][49][50] 问答环节重要的提问和回答 问题1 **Zach Parham 提问** 询问新技术业务的现金流贡献潜力和时间节点 [10][11] **Ravi Srivastava 回答** 2024年新技术业务的自由现金流指引保持不变,为75百万美元,未来几年有望进一步增长 [12] 问题2 **Leo Mariani 提问** 询问公司新技术的具体机制和产品 [18][19] **Ravi Srivastava 和 Nick DeIuliis 回答** 详细介绍了公司开发的用于油气井回流作业的设备和利用地层高压能源生产CNG/LNG的技术,以及这些技术的优势和市场潜力 [19]-[41] 问题3 **Bertrand Donnes 提问** 询问公司是否考虑进一步减产 [47][48][49][50] **Ravi Srivastava 回答** 目前公司暂时维持之前宣布的11口井的减产计划,会根据市场情况适时调整 [48][49][50]
CNX Resources(CNX) - 2024 Q1 - Earnings Call Presentation
2024-04-26 00:46
▪ Free cash flow (FCF)(1) of $25 million, our 17th consecutive quarter of positive FCF generation $25MM 57% Q1 2024 Update April 25, 2024 ▪ Repurchased 2.6 million shares on the open market in Q1 at an average price of $20.13 per share for a total cost of $52 million and another 0.1 million shares from 4/1/2024- 4/11/2024 at an average price of $23.99 for a total cost of $3 million Q1 Free Cash Flow 2024E Cash Operating Margin Q1 2024 Fully Burdened Cash Costs, before DD&A 2 2 $129 $21 $121 $85 $101 $117 $1 ...
CNX Resources(CNX) - 2024 Q1 - Quarterly Report
2024-04-25 23:04
UNITED STATES __________________________________________________ FORM 10-Q __________________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-14901 __________________________________________________ CNX Resources Corporation ...
CNX Resources (CNX) Q1 Earnings Beat Estimates, Revenues Lag
Zacks Investment Research· 2024-04-25 21:41
CNX Resources Corporation (CNX) reported first-quarter 2024 operating earnings of 45 cents per share, which beat the Zacks Consensus Estimate of 36 cents by 25%. However, it is down 19.6% from 56 cents per share in the year-ago quarter.RevenuesFirst-quarter revenues of $381 million missed the Zacks Consensus Estimate of $420 million by 9.3%. The top line also decreased 3.5% from the prior-year quarter’s $395 million. Highlights of the ReleaseThe average selling price in the quarter was $2.71 per thousand cu ...
CNX Resources(CNX) - 2024 Q1 - Quarterly Results
2024-04-25 18:50
销售量 - 2024年第一季度,CNX资源的页岩销售量为119.4 Bcf,比2023年第四季度略有下降[4] - 2024年第一季度,CNX资源的NGL销售量为11.2 Bcfe,比2023年第四季度有所下降[4] 价格 - 2024年第二季度,CNX资源的NYMEX天然气对冲量为76.9 Bcf,平均价格为3.15美元/Mcf[5] - 2024年第二季度,CNX资源的NYMEX + 基差(完全覆盖的量)为108.3 Bcf,平均价格为2.51美元/Mcf[5] - 2024年第二季度,CNX资源的NYMEX指数对冲预测的加权平均价格为2.92美元/MMBtu,市场价格为1.78美元/MMBtu[6] - 公司天然气实现价格在2024年第一季度为每MMBtu 1.90美元[12] - Q1-2024 NYMEX天然气价格为2.24美元/MMBtu,较上一季度下降了22.22%[17] 财务表现 - 2024年第一季度,CNX资源实现的商品衍生工具收益为55百万美元,较上一季度有所增长[8] - 2024年第一季度,CNX资源的总收入和其他营业收入为384,553千美元,较上一季度有所下降[9] - 2024年第一季度,CNX资源的总成本和费用为378,234千美元,较上一季度有所增长[9] - 2024年第一季度,CNX资源的净收入为6,851千美元,较上一季度有所增长[9] - 公司现金及现金等价物从2023年第一季度的2,799美元增长至2024年第一季度的1,988美元[10] - 公司总资产从2023年第一季度的8,340,145美元增长至2024年第一季度的8,656,642美元[10] - 公司经营活动现金流量从2023年第一季度的248,738美元下降至2024年第一季度的185,065美元[11] - 公司投资活动现金流量从2023年第一季度的-159,511美元下降至2024年第一季度的-159,660美元[11] - 公司融资活动现金流量从2023年第一季度的-107,749美元下降至2024年第一季度的-23,860美元[11] - 公司在2024年第一季度的全负担现金成本中排除了资产出售损益,利息互换未实现损失和非现金摊销[16] 预期和展望 - 2024年度生产量预期为540 - 560 Bcfe,较之前预期下调至570 - 590 Bcfe[18] - 调整后的2024年度EBITDAX预期为925 - 1,075百万美元,较之前预期下调至1,000 - 1,150百万美元[18] 财务指标 - 公司提供的自由现金流不应被视为按照GAAP提供的净现金流的替代[39] - 公司的管理认为以下措施为公司的外部用户提供了有用的信息[39]
Deep Well Services, CNX Resources Partner to Launch AutoSep Technologies, a Transformational Oilfield Service Solutions Company
Prnewswire· 2024-04-24 18:45
New entity, operated by Deep Well Services, to leverage CNX proprietary technology along with Deep Well's domain expertise to provide industry leading automation solutions Collaboration creates efficiencies in the flowback process that lowers costs, improves safety, reduces environmental impact, and minimizes associated methane emissions ZELIENOPLE, Pa. and PITTSBURGH, April 24, 2024 /PRNewswire/ -- Deep Well Services (DWS) and CNX Resources Corp. (NYSE: CNX) today announced a joint venture to launch AutoS ...
NuBlu Energy and CNX Resources Team Up to Deploy CNG & LNG Tech Solutions
Prnewswire· 2024-04-23 04:30
Partnership combines engineering innovation, technology, and natural gas assets to revolutionize the CNG and micro-scale LNG industries CNX achieves first-of-its-kind ZeroHP CNG™ production at scale on pad in Southwestern Pennsylvania, catalyzing Company entry into downstream energy markets with leading, innovative technology solutions Zero Horsepower (ZeroHP) CNG creates decentralized CNG production market to better meet growing demand for clean, affordable energy Low Horsepower, Clean mLNG™ advances cost- ...
What's in Store for CNX Resources (CNX) in Q1 Earnings?
Zacks Investment Research· 2024-04-22 21:41
CNX Resources Corporation (CNX) is scheduled to release first-quarter 2024 results on Apr 25, before market open. The company delivered an earnings surprise of 151.9% in the last reported quarter.Let’s discuss the factors that are likely to be reflected in the upcoming quarterly results.Factors to ConsiderCNX Resources’ free cash flow generation and utilization of the same are likely to have helped repurchase shares and reduce debts in the first quarter. The systematic buybacks during the quarter are expect ...
Will CNX Resources (CNX) Beat Estimates Again in Its Next Earnings Report?
Zacks Investment Research· 2024-04-13 01:16
盈利表现 - 过去两个季度,CNX Resources公司的平均盈利惊喜率达到了93.23%[2] - 上个季度,CNX Resources公司的每股盈利为0.68美元,远高于Zacks Consensus Estimate的0.27美元,盈利惊喜率达到了151.85%[3] - CNX Resources公司的盈利预期一直在上升,这部分得益于其盈利惊喜历史[4] - 目前,CNX Resources公司的盈利预期为+5.56%,分析师对公司的盈利前景持乐观态度[8] 财务信息 - CNX Resources Corporation (CNX) 属于Zacks Oil and Gas - Exploration and Production - United States行业[1] - 公司的下一个财报预计将于2024年4月25日发布[8] 投资建议 - 投资者应该注意,负的盈利预期值并不意味着盈利不达预期,但负值会降低该指标的预测能力[9] - 重要的是在公司季度发布财报之前检查其盈利预期,以增加成功的几率[11]
Westmoreland Co. Kiski Water Line to Minimize Water Trucking, Establish Community Co-Benefit Opportunities, Improve Water Resource Resilience
Prnewswire· 2024-04-09 18:45
PITTSBURGH, April 9, 2024 /PRNewswire/ -- CNX Resources Corporation (NYSE: CNX) today announced that it is nearing completion of its Kiski Water Line project, which will serve the Company's local operational needs, reduce the local impact of natural gas development, and potentially optimize regional water resources by providing additional reliable water infrastructure to area communities. The $20 million project is expected to be completed in June 2024 and will serve future natural gas development in the a ...