CNX Resources Corp
For the period ended Jun 30, 2024. Filed Jul 25, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Jul 25, 2024
CNX$36.03+3.2%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 1. Consolidated Statements of Income for the three and six months ended June 30, 2024 and 2023
CONSOLIDATED STATEMENTS OF INCOME
| (Dollars in thousands, except per share data) · Three Months Ended · Six Months Ended | ||||
|---|---|---|---|---|
| (Unaudited) | June 30, | June 30, | ||
| Revenue and Other Operating Income: | 2024 | 2023 | 2024 | 2023 |
| Natural Gas, NGLs and Oil Revenue | $236,233 | $257,061 | $562,205 | $712,700 |
| Gain on Commodity Derivative Instruments | 14,095 | 542,472 | 21,623 | 1,304,639 |
| Purchased Gas Revenue | 11,029 | 9,355 | 25,306 | 46,167 |
| Other Revenue and Operating Income | 60,086 | 30,812 | 96,861 | 52,170 |
| Total Revenue and Other Operating Income | 321,443 | 839,700 | 705,995 | 2,115,676 |
| Costs and Expenses: | ||||
| Operating Expense | ||||
| Lease Operating Expense | 17,819 | 13,092 | 35,545 | 29,566 |
| Production, Ad Valorem and Other Fees | 6,638 | 5,419 | 14,263 | 15,060 |
| Transportation, Gathering and Compression | 91,709 | 87,872 | 188,359 | 185,968 |
| Depreciation, Depletion and Amortization | 117,541 | 103,682 | 236,191 | 208,904 |
| Exploration and Production Related Other Costs | 2,364 | 1,727 | 4,675 | 6,831 |
| Purchased Gas Costs | 10,371 | 8,794 | 23,955 | 43,140 |
| Selling, General, and Administrative Costs | 32,025 | 30,017 | 69,695 | 66,593 |
| Other Operating Expense | 21,077 | 21,031 | 45,710 | 36,169 |
| Total Operating Expense | 299,544 | 271,634 | 618,393 | 592,231 |
| Other Expense (Income) | ||||
| Other (Income) Expense | (676) | 2,510 | (6,074) | 3,679 |
| (Gain) Loss on Asset Sales and Abandonments, net | (814) | (105,986) | 19,482 | (115,468) |
| (Gain) Loss on Debt Extinguishment | (2) | — | 7,043 | — |
| Interest Expense | 38,634 | 34,820 | 76,075 | 70,556 |
| Total Other Expense (Income) | 37,142 | (68,656) | 96,526 | (41,233) |
| Total Costs and Expenses | 336,686 | 202,978 | 714,919 | 550,998 |
| (Loss) Income Before Income Tax | (15,243) | 636,722 | (8,924) | 1,564,678 |
| Income Tax Expense | 3,018 | 161,767 | 2,486 | 379,328 |
| Net (Loss) Income | $(18,261) | $474,955 | $(11,410) | $1,185,350 |
| (Loss) Earnings per Share | ||||
| Basic | $(0.12) | $2.89 | $(0.07) | $7.13 |
| Diluted | $(0.12) | $2.47 | $(0.07) | $6.09 |
| Dividends Declared | $— | $— | $— | $— |
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