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CNX Resources Swings to Loss in Q2 as Revenue Falls
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CNX Resources Swings to Loss in Q2 as Revenue Falls
Jul 25, 2024 6:27 AM

09:06 AM EDT, 07/25/2024 (MT Newswires) -- CNX Resources ( CNX ) said Thursday its Q2 swung to a loss of $0.12 per diluted share, from earnings of $2.47 per share a year earlier.

Analysts polled by Capital IQ expected earnings of $0.28.

Revenue for the quarter ended June 30 was $321.4 million, down from $839.7 million a year earlier.

Analysts polled by Capital IQ expected $384 million.

Shares of the company were up 4.5% in recent premarket activity.

Price: 26.00, Change: +1.11, Percent Change: +4.46

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