Cnx Resources Intrinsic Value Calculator – CNX RESOURCES Reports FY2022 Q4 Earnings Results, Ending December 31 2022
April 2, 2023
Earnings Overview
CNX RESOURCES ($NYSE:CNX) announced their earnings results for the quarter ending on December 31 2022, which was reported on January 26 2023. The company made USD 1.2 billion in revenue, a significant 85.7% growth versus the year-ago quarter. Net income, however, was USD 0.9 billion, a 5.5% drop compared to the fourth quarter of the previous year.
Transcripts Simplified
CNX Resources reported free cash flow of $276 million in the fourth quarter, bringing the three-year cumulative total free cash flow to close to $1.6 billion or approximately 55% of its current market cap. The company continued to implement its market-leading shareholder return initiatives by purchasing 12.6 million shares in the quarter and another 1.3 million after quarter close. It also reduced adjusted net debt by $57 million in the quarter, bringing the annual reduction to $107 million. For 2023 production volumes, CNX Resources’ initial expectations are between 555 and 575 Bcfe.
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 |
| 3.92k | -142.08 | 42.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Cnx Resources. More…
| Operations | Investing | Financing |
| 1.24k | -528.29 | -688.96 |
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 |
| 8.52k | 5.57k | 17.34 |
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 |
| 36.4% | 116.5% | -2.1% |
| FCF Margin | ROE | ROA |
| 17.1% | -2.1% | -0.6% |
Market Price
On Thursday, CNX RESOURCES reported its financial results for the fourth quarter of FY2022, ending December 31, 2022. The company’s stock opened at $15.8, and closed at $16.2, representing an increase of 2.9% from the last closing price of $15.8. This marks a positive end to the fiscal year for CNX RESOURCES, which has seen a steady increase in stock prices after a period of volatility. Overall, CNX RESOURCES has seen positive financial performance over the past fiscal year, with strong revenue growth and increases in net income.
Investors have responded favorably to the results, with an increase in stock prices indicating confidence in the future of the company. As CNX RESOURCES continues to expand its operations and pursue new opportunities, it is well-positioned to maintain its positive financial momentum in the coming years. Live Quote…
Analysis – Cnx Resources Intrinsic Value Calculator
At GoodWhale, we have carefully examined the financials of CNX Resources. Our proprietary Valuation Line confirms that the fair value of CNX Resources share is around $33.3. Unfortunately, at present, the stock is trading at just $16.2, which presents a massive opportunity to investors since it is undervalued by a full 51.4%. If you are looking for a good buy and hold stock, CNX Resources could be a great choice. More…
Peers
The competition between CNX Resources Corp and its competitors is fierce. All of the companies are vying for the same market share, and each is trying to outdo the other in terms of product quality and customer service.
However, CNX Resources Corp has an edge over its competitors because it has a strong brand presence and a loyal customer base.
– HighPeak Energy Inc ($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 has reported impressive revenue for their fourth quarter of FY 2022, with a significant 85.7% increase year-over-year. However, the company’s net income saw a 5.5% decrease from last year’s fourth quarter. For potential investors, this provides an interesting opportunity to assess the company’s performance and determine if it is a sound investment. In particular, it will be important to analyze the underlying drivers of the revenue growth and reasons for the decrease in net income to gain a better understanding of CNX’s financial and operational health.
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