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Shares of CNX Resources (NYSE:CNX) were unchanged in pre-market trading after the company reported Q1 results.
Quarterly Results
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Earnings per share were up 79.41% year over year to $0.61, which beat the estimate of $0.13.
Revenue of $416,359,000 rose by 49.54% from the same period last year, which beat the estimate of $377,130,000.
Looking Ahead
Earnings guidance hasn't been issued by the company for now.
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Revenue guidance hasn't been issued by the company for now.
Technicals
Company's 52-week high was at $14.19
Company's 52-week low was at $4.26
Price action over last quarter: Up 59.06%
Company Profile
CNX Resources Corp is an independent oil and natural gas company. It primarily focuses on the exploration, development, production, gathering, processing, and acquisition of natural gas properties in the Appalachian Basin. The company's operations are centered on unconventional shale formations, primarily on the Marcellus Shale and Utica Shale. In addition, it offers gas gathering and water delivery solutions, as well as land services to third-parties.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.