CNX Historical Income Statement

CNX Stock  USD 23.72  0.78  3.40%   
Historical analysis of CNX Resources income statement accounts such as Interest Expense of 166 M, Selling General Administrative of 142.4 M or Total Revenue of 2.3 B can show how well CNX Resources Corp performed in making a profits. Evaluating CNX Resources income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of CNX Resources's future profits or losses.
 
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Financial Statement Analysis is much more than just reviewing and examining CNX Resources Corp latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether CNX Resources Corp is a good buy for the upcoming year.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CNX Resources Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

About CNX Income Statement Analysis

CNX Resources Corp Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to CNX Resources shareholders. The income statement also shows CNX investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

CNX Resources Income Statement Chart

CNX Resources Corp Income Statement is one of the three primary financial statements used for reporting CNX's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of CNX Resources Corp revenue and expense. CNX Resources Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, CNX Resources' Total Other Income Expense Net is fairly stable compared to the past year. Net Income is likely to rise to about 1.8 B in 2024, whereas Gross Profit is likely to drop slightly above 490.3 M in 2024.

Total Revenue

Total revenue comprises all receipts CNX Resources Corp generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of CNX Resources Corp minus its cost of goods sold. It is profit before CNX Resources operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of CNX Resources Corp. It is also known as CNX Resources overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.
Most accounts from CNX Resources' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into CNX Resources Corp current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CNX Resources Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
At this time, CNX Resources' Total Other Income Expense Net is fairly stable compared to the past year. Net Income is likely to rise to about 1.8 B in 2024, whereas Gross Profit is likely to drop slightly above 490.3 M in 2024.
 2021 2022 2023 2024 (projected)
Interest Expense151.2M127.7M154.3M166.0M
Depreciation And Amortization515.1M461.2M433.6M452.3M

CNX Resources income statement Correlations

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0.180.280.580.130.82-0.31-0.28-0.260.680.57-0.080.17-0.03-0.05-0.77-0.16-0.05-0.480.260.63-0.15-0.52-0.92-0.68
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0.430.580.260.670.860.460.50.560.830.380.03-0.210.050.06-0.37-0.280.02-0.280.010.58-0.09-0.05-0.36-0.4
0.310.130.440.670.340.740.720.770.150.51-0.16-0.56-0.21-0.12-0.07-0.18-0.170.0-0.130.02-0.20.150.04-0.19
0.550.820.410.860.34-0.040.020.10.90.550.040.120.060.08-0.64-0.210.01-0.410.290.58-0.07-0.33-0.71-0.57
-0.06-0.31-0.150.460.74-0.040.990.980.05-0.170.04-0.570.030.030.39-0.20.060.09-0.350.09-0.010.430.540.22
-0.03-0.28-0.160.50.720.020.990.990.12-0.180.05-0.560.040.040.36-0.210.060.06-0.320.13-0.010.420.510.2
0.12-0.26-0.040.560.770.10.980.990.17-0.090.01-0.560.00.020.31-0.240.010.07-0.260.11-0.040.380.460.18
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-0.22-0.08-0.130.03-0.160.040.040.050.010.12-0.210.770.960.950.42-0.050.980.08-0.230.090.930.570.320.14
-0.060.170.07-0.21-0.560.12-0.57-0.56-0.560.110.020.770.740.740.010.090.74-0.090.180.020.750.11-0.13-0.07
-0.29-0.03-0.250.05-0.210.060.030.040.00.18-0.280.960.740.860.350.040.950.06-0.180.240.850.530.290.09
-0.13-0.05-0.020.06-0.120.080.030.040.020.13-0.140.950.740.860.44-0.270.920.07-0.270.020.980.590.260.17
-0.31-0.77-0.37-0.37-0.07-0.640.390.360.31-0.47-0.60.420.010.350.44-0.280.40.59-0.68-0.360.510.80.870.82
-0.2-0.16-0.11-0.28-0.18-0.21-0.2-0.21-0.24-0.23-0.02-0.050.090.04-0.27-0.280.02-0.20.36-0.19-0.25-0.240.09-0.21
-0.36-0.05-0.230.02-0.170.010.060.060.010.11-0.260.980.740.950.920.40.020.0-0.270.140.890.530.310.12
0.04-0.48-0.01-0.280.0-0.410.090.060.07-0.4-0.220.08-0.090.060.070.59-0.20.0-0.48-0.220.130.60.450.42
0.390.260.420.01-0.130.29-0.35-0.32-0.260.140.42-0.230.18-0.18-0.27-0.680.36-0.27-0.48-0.05-0.23-0.56-0.47-0.52
-0.120.63-0.350.580.020.580.090.130.110.77-0.120.090.020.240.02-0.36-0.190.14-0.22-0.05-0.09-0.22-0.43-0.36
-0.2-0.15-0.04-0.09-0.2-0.07-0.01-0.01-0.04-0.02-0.190.930.750.850.980.51-0.250.890.13-0.23-0.090.630.330.23
-0.25-0.52-0.2-0.050.15-0.330.430.420.38-0.23-0.380.570.110.530.590.8-0.240.530.6-0.56-0.220.630.690.41
-0.31-0.92-0.39-0.360.04-0.710.540.510.46-0.53-0.610.32-0.130.290.260.870.090.310.45-0.47-0.430.330.690.68
-0.12-0.68-0.29-0.4-0.19-0.570.220.20.18-0.43-0.520.14-0.070.090.170.82-0.210.120.42-0.52-0.360.230.410.68
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CNX Resources Account Relationship Matchups

CNX Resources income statement Accounts

201920202021202220232024 (projected)
Depreciation And Amortization508.5M501.8M515.1M461.2M433.6M452.3M
Interest Expense151.4M170.8M151.2M127.7M154.3M166.0M
Selling General Administrative143.6M109.4M112.8M121.7M125.3M142.4M
Total Revenue1.5B1.1B2.4B3.9B1.5B2.3B
Gross Profit523.9M132.0M1.4B2.8B516.1M490.3M
Other Operating Expenses1.3B1.2B1.2B1.3B1.2B2.0B
Operating Income253.8M(101.4M)1.1B2.6B311.2M472.7M
Ebit253.8M(101.4M)1.1B2.6B311.2M491.5M
Ebitda762.3M400.4M1.7B3.1B744.8M943.8M
Cost Of Revenue1.0B953.0M1.0B1.1B987.2M1.5B
Total Operating Expenses267.2M209.8M202.0M193.8M204.9M194.7M
Income Before Tax59.7M(602.8M)(636.5M)(211.9M)2.2B2.3B
Total Other Income Expense Net(194.2M)(501.4M)(1.8B)(2.8B)1.9B2.0B
Net Income31.9M(428.7M)(498.6M)(142.1M)1.7B1.8B
Income Tax Expense27.7M(174.1M)(137.9M)(69.9M)502.2M527.3M
Net Income Applicable To Common Shares(80.7M)(483.8M)(498.6M)(142.1M)(127.9M)(121.5M)
Net Income From Continuing Ops31.9M(428.7M)(498.6M)(142.1M)1.7B1.8B
Non Recurring185.9M(18.7M)327.4M534.9M615.1M645.9M
Non Operating Income Net Other25.1M7.7M(7.3M)(23.8M)(21.4M)(20.4M)
Tax Provision27.7M(174.1M)(137.9M)(69.9M)502.2M527.3M
Interest Income224.7M2.2M1.8B2.8B3.2B3.4B
Net Interest Income(151.4M)(170.8M)(151.2M)(127.7M)(143.3M)(150.4M)
Reconciled Depreciation508.5M501.8M515.1M461.2M433.6M522.6M

CNX Resources Investors Sentiment

The influence of CNX Resources' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in CNX. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to CNX Resources' public news can be used to forecast risks associated with an investment in CNX. The trend in average sentiment can be used to explain how an investor holding CNX can time the market purely based on public headlines and social activities around CNX Resources Corp. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
CNX Resources' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for CNX Resources' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average CNX Resources' news discussions. The higher the estimated score, the more favorable is the investor's outlook on CNX Resources.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards CNX Resources in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, CNX Resources' short interest history, or implied volatility extrapolated from CNX Resources options trading.

Pair Trading with CNX Resources

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if CNX Resources position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in CNX Resources will appreciate offsetting losses from the drop in the long position's value.

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Moving against CNX Stock

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The ability to find closely correlated positions to CNX Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CNX Resources when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back CNX Resources - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling CNX Resources Corp to buy it.
The correlation of CNX Resources is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as CNX Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CNX Resources Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for CNX Resources can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether CNX Resources Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of CNX Resources' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Cnx Resources Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Cnx Resources Corp Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CNX Resources Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.

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Is CNX Resources' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of CNX Resources. If investors know CNX will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about CNX Resources listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.51)
Earnings Share
8.99
Revenue Per Share
9.002
Quarterly Revenue Growth
(0.59)
Return On Assets
0.1633
The market value of CNX Resources Corp is measured differently than its book value, which is the value of CNX that is recorded on the company's balance sheet. Investors also form their own opinion of CNX Resources' value that differs from its market value or its book value, called intrinsic value, which is CNX Resources' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because CNX Resources' market value can be influenced by many factors that don't directly affect CNX Resources' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between CNX Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if CNX Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CNX Resources' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.