Cnx Resources Intrinsic Stock Value – CNX RESOURCES Reports Record Profits for Q2 of Fiscal Year 2023
August 2, 2023
☀️Earnings Overview
CNX RESOURCES ($NYSE:CNX) revealed their earnings results for the second quarter of fiscal year 2023, ending June 30 2023. Total revenue for this period was USD 297.2 million, a 72.3% drop from the same quarter in the previous year. Surprisingly, net income for this quarter was USD 475.0 million, a huge increase from the 33.4 million reported in the same quarter of the prior year.
Share Price
CNX RESOURCES reported record profits for the second quarter of fiscal year 2023 on Thursday. The company’s stock opened at $19.3 and closed at $18.8, up by 1.3% from its previous closing price of 18.5. The quarterly profits attributed to the company’s efforts to optimize its operations, which has enabled the company to remain competitive while driving profitability. This includes cost-cutting strategies, strategic investments, and targeted acquisitions. This success was in part due to the company’s shift to digitalization, which helped reduce costs, boost efficiency, and increase productivity.
The company’s strong performance has enabled them to deliver value for their shareholders, while providing a healthy return on their investments. CNX RESOURCES is well-positioned to continue its growth trajectory in the future, as it continues to focus on its core markets and expand into new ones. The record profits reported by CNX RESOURCES demonstrate the company’s commitment to delivering value for its stakeholders. The positive financial results are a testament to the team’s hard work and dedication, and the company looks forward to continued successes in the coming quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Cnx Resources. More…
| Total Revenues | Net Income | Net Margin |
| 2.85k | 1.93k | 38.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Cnx Resources. More…
| Operations | Investing | Financing |
| 1.15k | -519.04 | -612.55 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Cnx Resources. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 8.53k | 4.55k | 24.06 |
Key Ratios Snapshot
Some of the financial key ratios for Cnx Resources are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 33.3% | 116.5% | 94.6% |
| FCF Margin | ROE | ROA |
| 16.9% | 44.6% | 19.7% |
Analysis – Cnx Resources Intrinsic Stock Value
GoodWhale recently conducted an analysis of CNX RESOURCES‘s wellbeing. Our proprietary Valuation Line determined the intrinsic value of CNX RESOURCES share to be around $24.2. As of right now, CNX RESOURCES stock is being traded at $18.8, meaning it is being undervalued by 22.2%. This undervaluation presents an attractive buying opportunity for potential investors. Our analysis suggests that investors should consider taking advantage of this opportunity to purchase CNX RESOURCES shares at the current price before they potentially increase in value. More…
Peers
The competition between CNX Resources Corp and its competitors is fierce. All of the companies are vying for the same market share, and each is trying to outdo the other in terms of product quality and customer service.
However, CNX Resources Corp has an edge over its competitors because it has a strong brand presence and a loyal customer base.
– HighPeak Energy Inc ($NASDAQ:HPK)
HighPeak Energy Inc is a Canadian oil and gas company with a market cap of 2.44B as of 2022. The company has a Return on Equity of 14.7%. HighPeak Energy is engaged in the exploration, development and production of oil and natural gas in the Western Canadian Sedimentary Basin.
– Earthstone Energy Inc ($NYSE:ESTE)
Stone Energy is an oil and gas exploration and production company with operations primarily in the Gulf of Mexico. The company was founded in 1993 and is headquartered in Lafayette, Louisiana.
As of 2022, Stone Energy has a market capitalization of 1.6 billion dollars and a return on equity of 18.64%. The company’s primary business is the exploration and production of oil and gas, mostly in the Gulf of Mexico. Over the past few years, Stone Energy has been transitioning its portfolio to focus more on natural gas assets. The company is currently active in several major gas plays in the Gulf, including the Haynesville Shale and the Mississippi Lime play.
– Carbon Energy Corp ($OTCPK:CRBO)
Carbon Energy Corp is a Canadian oil and gas company with a market cap of 20.76k as of 2022. The company has a Return on Equity of -36.04%. Carbon Energy Corp is engaged in the exploration, development and production of oil and gas properties in Canada. The company’s operations are focused in the Western Canadian Sedimentary Basin.
Summary
CNX Resources is a company that has recently released its second quarter earnings report for the fiscal year 2023, ending June 30. Total revenue for this period was USD 297.2 million, a significant decrease from that of the same period in the previous year. Despite the decline in revenue, net income came in at USD 475.0 million – a huge increase from the 33.4 million recorded in the same quarter last year. Investors should keep a keen eye on the company’s financials in order to gain an understanding of their progress, especially in light of their significant decrease in revenue and the sizeable jump in net income.
Related Posts
Recent Posts
Investing Everyone Can Do.
Investing shouldn’t be exclusive to a select few. We believe everyone should have the opportunity to grow their wealth. That’s why our app is designed to be accessible and user-friendly, even for beginners.
