CNX Resources Full Year 2022 Earnings: Beats Expectations
CNX Resources (NYSE:CNX) Full Year 2022 Results
Key Financial Results
Revenue: US$1.26b (down 47% from FY 2021).
Net loss: US$142.1m (loss narrowed by 72% from FY 2021).
US$0.68 loss per share (improved from US$2.31 loss in FY 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
CNX Resources Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates significantly. Earnings per share (EPS) also surpassed analyst estimates by 87%.
Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 6.2% decline forecast for the Oil and Gas industry in the US.
Performance of the American Oil and Gas industry.
The company's shares are down 1.9% from a week ago.
Balance Sheet Analysis
While earnings are important, another area to consider is the balance sheet. We've done some analysis and you can see our take on CNX Resources' balance sheet.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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