Latest news with #CNX
Yahoo
23-05-2025
- Business
- Yahoo
CNX Releases Updated 2024 Corporate Sustainability Report, Announces Shift to Industry-Leading ESG Reporting
PITTSBURGH, May 14, 2025 /PRNewswire/ -- CNX Resources Corporation (NYSE: CNX) today announced the release of its updated Corporate Sustainability Report featuring data for 2024. Additionally, continuing the Company's unprecedented brand of transparency and in a move further differentiating CNX's environmental performance and disclosures, the Company also announced that it will no longer issue a static annual report. Instead, CNX will update its website continuously and its ESG Performance Scorecard data on a quarterly basis. Upcoming quarterly updates will provide stakeholders with fresh data in a more real-time manner on critical environmental, social, and governance (ESG) topics. "While most companies issue sustainability reports just once a year and move on, having checked the annual box, CNX believes that this information should be provided on a more real-time and transparent basis in keeping with our Radical Transparency philosophy. We also believe that ESG metrics should be treated with the same rigor and frequency as financial data," CNX Chief Financial Officer Alan Shepard said. "By making these changes, CNX is empowering shareholders and the communities where it operates with the ability to better track progress and hold the company accountable in real time. Providing access to a dynamic ESG disclosure process underscores CNX's dedication to continuous improvement and Radical Transparency across our business." CNX's reporting is prepared following the Sustainability Accounting Standards Board (SASB) and the Global Reporting Initiative (GRI) standards, and integrates ESG priorities into its unique Appalachia First strategic vision. Highlights for 2024 include: Environmental Stewardship: CNX's efforts to protect and improve the environment are revolutionary and unmatched: Radical Transparency – Creating Mutual Trust through Facts and Data: As CNX's novel Radical Transparency program advances across operating areas, results from continuous monitoring by Clean Air Engineering demonstrate CNX site-level emissions are far below nationally-designated air quality standards. Importantly, no sustained levels of asthma-inducing PM2.5 or cancer-causing BTEX have been observed during any phase of development. Within the first year of the Radical Transparency program, hundreds of thousands of datapoints were collected, simultaneously reported to the Pennsylvania Department of Environmental Protection (PADEP) and transparently posted on the CNX website. The number of sites equipped with monitoring equipment continues to grow, with active and archived sites contributing to the real-time feed of air data, in addition to water and chemical data. Bold Greenhouse Gas Reductions: Appalachian natural gas boasts the nation's lowest methane intensity of all producing regions, and CNX takes these qualities to the next level through its Emission Reduction Task Force that is continuously innovating to further reduce emissions. CNX reduced methane intensity by nearly 30 percent in its production segment compared to 2023. With a parallel mission to reduce methane in its midstream segment, CNX invested $5 million into new technologies, including switching to electric-driven pumps at the Mamont Compressor Station in Westmoreland County, PA. Pioneering Waste Methane Capture: CNX captured approximately 9.1 million metric tons of waste methane CO₂e. Importantly, the U.S. Treasury recognized the value that captured waste coal mine methane presents as a feedstock for clean hydrogen production in their final tax credit rules (45V). CNX is encouraged by this milestone and remains committed to advocating for opportunities to fully realize the benefits this ultra-low-carbon-intensity fuel source can unlock in the Appalachian region and beyond. Innovation and Partnerships: Last year was another year of differentiation at CNX, advancing oilfield services solutions that provide cost, safety, and environmental efficiencies for the industry. CNX launched the AutoSepSM Technologies (AutoSep) joint venture with Deep Well Services (DWS), which introduced an automated flowback system for the completions process that leverages CNX's technical development capabilities with the service quality standard DWS also reached compressed natural gas (CNG) milestones during 2024, notably completing the first full year of deploying CNG-fueled water-hauling trucks in southwestern Pennsylvania with FORCE Environmental Solutions. By utilizing CNG, these trucks reduce emissions by 30 percent and related operating costs by 50 percent. Water Stewardship: CNX recycled and reused more produced water than it generated by consuming produced water from its peers, minimizing freshwater consumption. In 2024, CNX continued to upgrade and expand its water infrastructure—further reducing the need to transport water via truck in local communities and diversifying freshwater sources to lessen CNX's impact on local water resources. Community and Workforce: Tangible and Local Investments – CNX has a unique commitment to local communities. CNX employees roll up their sleeves and tackle the toughest of issues: Community Engagement – Transparency, Dialogue, and Active Listening: At its core, Radical Transparency is about open-sourcing environmental data. But Radical Transparency also encompasses CNX's openness with stakeholders and local communities, always welcoming questions and seeking feedback. Through a combination of data-driven efforts and community open houses for local residents to directly interact with CNX employees, CNX is learning more about its communities' needs and adapting operations to best fit each operating area's unique characteristics. Community Investments: In 2024, work in Westmoreland County and the Alle-Kiski Valley came into focus as activity shifted to that area. Importantly, the $20 million Kiski Water Line project was completed in June and is better serving CNX's local operations while delivering water resource options for area residents. The water line significantly reduces water trucking and subsequently community impact. The 20" line is expected to serve as the primary alternative to water purchased from the Municipal Authority of Westmoreland County (MAWC) during voluntary or mandatory water conservation this growing operational footprint, CNX opened an office in North Apollo, southern Armstrong County, providing access for residents, local businesses, and landowners to the CNX team. With the acquisition of Apex Energy's upstream and midstream assets, this office serves as a central location for new landowners, community members, and other stakeholders in what CNX refers to as its CPA operating to CNX's southern operating area, a new regional headquarters was established in Richlands, Virginia. Serving as the epicenter of CNX mine methane capture operations, the expanded presence enhances CNX's unique opportunities to help meet rapidly expanding energy demand, advance energy security, and create significant new investment and jobs in local communities. Words in Action: Since 2022, CNX's Board has approved an aggregate amount of $5.5 million reduction in CEO pay, including a $1.5 million reduction approved in 2025 to support the expansion of the efforts of the CNX Foundation and its flagship initiative, the CNX Mentorship Academy. Mentorship Academy: Student participation in the CNX Mentorship Academy—now entering its fifth year—increased 44 percent, with 122 students enrolled. The Mentorship Academy includes underserved students representing 28 schools/school districts. More than half of 2024 Mentorship Academy graduates secured full-time employment in a target industry, or a coveted paid internship exclusive to Mentorship Academy graduates in healthcare, building trades, corporate support, or the Short Service Employee Internship in Energy. CNX Foundation: In 2024, CNX Foundation contributed $3.7 million through 144 initiatives aligned with its Tangible, Impactful, Local focus on community support. These efforts are part of CNX's pledge to invest in local initiatives supporting underserved communities within its operational footprint. CNX Foundation principles are also embodied by employees, who volunteered over 3,500 hours in 2024. The Headquarters at CNX: In 2024, three new tenants joined the Headquarters at CNX, bringing capacity to 92 percent and providing workspace to 29 total tenants. The Headquarters at CNX provides world-class workspace at its corporate office to small businesses, including minority- and women-owned businesses, educational institutions, and non-profit organizations, emphasizing support for the same Tangible, Impactful, Local causes in which the CNX Foundation invests. "CNX is defined by a commitment to transparency and a Tangible, Impactful, Local approach to our sustainable business model," CNX Senior Vice President of Compliance and Reporting Hayley Scott said. "By now providing real-time updates to our comprehensive website and quarterly ESG Performance Scorecard, we are delivering insights to our communities, employees, owners, and all stakeholders about the way that we responsibly operate our business and invest in our communities on a day-to-day basis." CNX's ESG Performance Scorecard has limited assurance procedures performed by Keramida, Inc., a WBE-certified global sustainability and EHS services firm, for 2024 and 2023 Scope 1 and 2 GHG emissions, air emissions, water, and waste data, while CNX's Internal Audit team has reviewed additional ESG performance metrics, ensuring data integrity. The next quarterly ESG Performance Scorecard update is anticipated for release in August, which will follow the company's release of its financial and operational results for the second quarter of 2025. CNX remains committed to leading the industry with Tangible, Impactful, and Locally focused initiatives, and this new reporting cadence reinforces that commitment through unmatched transparency and accountability. About CNX Resources Corporation CNX Resources Corporation (NYSE: CNX) is unique. We are a premier, ultra-low carbon intensive natural gas development, production, midstream, and technology company centered in Appalachia, one of the most energy abundant regions in the world. With the benefit of a 161-year regional legacy, substantial asset base, leading core operational competencies, technology development and innovation, and astute capital allocation methodologies, we responsibly develop our resources and deploy free cash flow to create long-term per share value for our shareholders, employees, and the communities where we operate. As of December 31, 2024, CNX had 8.54 trillion cubic feet equivalent of proved natural gas reserves. The company is a member of the Standard & Poor's Midcap 400 Index. Additional information is available at View original content to download multimedia: SOURCE CNX Resources Corporation Sign in to access your portfolio
Yahoo
15-05-2025
- Business
- Yahoo
Mason Hawkins' Strategic Move: Regeneron Pharmaceuticals Inc. Takes Center Stage
Warning! GuruFocus has detected 4 Warning Signs with CNX. Mason Hawkins (Trades, Portfolio) recently submitted the 13F filing for the first quarter of 2025, providing insights into his investment moves during this period. Mason Hawkins (Trades, Portfolio) has been Chairman and Chief Executive Officer of Southeastern Asset Management since 1975, and he and his partners manage the Longleaf Partners Funds. Mr. Hawkins attended the University of Florida where he earned a B.A. in Finance, and the University of Georgia where he earned an M.B.A. in Finance. Mason Hawkins (Trades, Portfolio) and his partners are value investors. When evaluating potential investments, they look for three things, "good business, good people, and a good price." Like many successful gurus, he and his partners seek to achieve superior long-term performance by acquiring equity securities in understandable businesses with strong balance sheets, run by capable management, and trading at less than intrinsic value. Typically, they only invest in companies trading at 60% or less of intrinsic value appraised by looking at the current value of a company's assets and liabilities and also by looking at the present value of future cash flows (DCF). They sell stocks when the stocks reach their intrinsic worth. Mason Hawkins (Trades, Portfolio) believes it is important to have a portfolio concentrated in only the best investment ideas, and the firm generally holds fewer than 25 stocks in each portfolio. Mason Hawkins (Trades, Portfolio) added a total of 3 stocks, among them: The most significant addition was Regeneron Pharmaceuticals Inc (NASDAQ:REGN), with 114,880 shares, accounting for 3.88% of the portfolio and a total value of $72,860,340 million. The second largest addition to the portfolio was Tripadvisor Inc (NASDAQ:TRIP), consisting of 1,728,253 shares, representing approximately 1.31% of the portfolio, with a total value of $24,489,340. The third largest addition was Shenandoah Telecommunications Co (NASDAQ:SHEN), with 909,818 shares, accounting for 0.61% of the portfolio and a total value of $11,436,410. Mason Hawkins (Trades, Portfolio) also increased stakes in a total of 4 stocks, among them: The most notable increase was CNX Resources Corp (NYSE:CNX), with an additional 299,034 shares, bringing the total to 4,786,178 shares. This adjustment represents a significant 6.66% increase in share count, a 0.5% impact on the current portfolio, with a total value of $150,668,880. The second largest increase was SharkNinja Inc (NYSE:SN), with an additional 107,011 shares, bringing the total to 545,403. This adjustment represents a significant 24.41% increase in share count, with a total value of $45,492,070. Mason Hawkins (Trades, Portfolio) completely exited 4 of the holdings in the first quarter of 2025, as detailed below: RTX Corp (NYSE:RTX): Mason Hawkins (Trades, Portfolio) sold all 524,993 shares, resulting in a -2.87% impact on the portfolio. Anywhere Real Estate Inc (NYSE:HOUS): Mason Hawkins (Trades, Portfolio) liquidated all 3,490,923 shares, causing a -0.54% impact on the portfolio. Mason Hawkins (Trades, Portfolio) also reduced positions in 20 stocks. The most significant changes include: Reduced Affiliated Managers Group Inc (NYSE:AMG) by 222,716 shares, resulting in a -31.7% decrease in shares and a -1.94% impact on the portfolio. The stock traded at an average price of $174.33 during the quarter and has returned 6.40% over the past 3 months and -2.14% year-to-date. Reduced MGM Resorts International (NYSE:MGM) by 480,184 shares, resulting in a -19.93% reduction in shares and a -0.79% impact on the portfolio. The stock traded at an average price of $33.6 during the quarter and has returned -13.61% over the past 3 months and -0.75% year-to-date. At the first quarter of 2025, Mason Hawkins (Trades, Portfolio)'s portfolio included 44 stocks, with top holdings including 8.03% in CNX Resources Corp (NYSE:CNX), 7.08% in Mattel Inc (NASDAQ:MAT), 5.94% in Albertsons Companies Inc (NYSE:ACI), 5.17% in Fidelity National Information Services Inc (NYSE:FIS), and 5.05% in FedEx Corp (NYSE:FDX). The holdings are mainly concentrated in 9 of all the 11 industries: Consumer Cyclical, Consumer Defensive, Energy, Communication Services, Healthcare, Financial Services, Industrials, Technology, and Real Estate. This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14-05-2025
- Business
- Yahoo
CNX Releases Updated 2024 Corporate Sustainability Report, Announces Shift to Industry-Leading ESG Reporting
PITTSBURGH, May 14, 2025 /PRNewswire/ -- CNX Resources Corporation (NYSE: CNX) today announced the release of its updated Corporate Sustainability Report featuring data for 2024. Additionally, continuing the Company's unprecedented brand of transparency and in a move further differentiating CNX's environmental performance and disclosures, the Company also announced that it will no longer issue a static annual report. Instead, CNX will update its website continuously and its ESG Performance Scorecard data on a quarterly basis. Upcoming quarterly updates will provide stakeholders with fresh data in a more real-time manner on critical environmental, social, and governance (ESG) topics. "While most companies issue sustainability reports just once a year and move on, having checked the annual box, CNX believes that this information should be provided on a more real-time and transparent basis in keeping with our Radical Transparency philosophy. We also believe that ESG metrics should be treated with the same rigor and frequency as financial data," CNX Chief Financial Officer Alan Shepard said. "By making these changes, CNX is empowering shareholders and the communities where it operates with the ability to better track progress and hold the company accountable in real time. Providing access to a dynamic ESG disclosure process underscores CNX's dedication to continuous improvement and Radical Transparency across our business." CNX's reporting is prepared following the Sustainability Accounting Standards Board (SASB) and the Global Reporting Initiative (GRI) standards, and integrates ESG priorities into its unique Appalachia First strategic vision. Highlights for 2024 include: Environmental Stewardship: CNX's efforts to protect and improve the environment are revolutionary and unmatched: Radical Transparency – Creating Mutual Trust through Facts and Data: As CNX's novel Radical Transparency program advances across operating areas, results from continuous monitoring by Clean Air Engineering demonstrate CNX site-level emissions are far below nationally-designated air quality standards. Importantly, no sustained levels of asthma-inducing PM2.5 or cancer-causing BTEX have been observed during any phase of development. Within the first year of the Radical Transparency program, hundreds of thousands of datapoints were collected, simultaneously reported to the Pennsylvania Department of Environmental Protection (PADEP) and transparently posted on the CNX website. The number of sites equipped with monitoring equipment continues to grow, with active and archived sites contributing to the real-time feed of air data, in addition to water and chemical data. Bold Greenhouse Gas Reductions: Appalachian natural gas boasts the nation's lowest methane intensity of all producing regions, and CNX takes these qualities to the next level through its Emission Reduction Task Force that is continuously innovating to further reduce emissions. CNX reduced methane intensity by nearly 30 percent in its production segment compared to 2023. With a parallel mission to reduce methane in its midstream segment, CNX invested $5 million into new technologies, including switching to electric-driven pumps at the Mamont Compressor Station in Westmoreland County, PA. Pioneering Waste Methane Capture: CNX captured approximately 9.1 million metric tons of waste methane CO₂e. Importantly, the U.S. Treasury recognized the value that captured waste coal mine methane presents as a feedstock for clean hydrogen production in their final tax credit rules (45V). CNX is encouraged by this milestone and remains committed to advocating for opportunities to fully realize the benefits this ultra-low-carbon-intensity fuel source can unlock in the Appalachian region and beyond. Innovation and Partnerships: Last year was another year of differentiation at CNX, advancing oilfield services solutions that provide cost, safety, and environmental efficiencies for the industry. CNX launched the AutoSepSM Technologies (AutoSep) joint venture with Deep Well Services (DWS), which introduced an automated flowback system for the completions process that leverages CNX's technical development capabilities with the service quality standard DWS also reached compressed natural gas (CNG) milestones during 2024, notably completing the first full year of deploying CNG-fueled water-hauling trucks in southwestern Pennsylvania with FORCE Environmental Solutions. By utilizing CNG, these trucks reduce emissions by 30 percent and related operating costs by 50 percent. Water Stewardship: CNX recycled and reused more produced water than it generated by consuming produced water from its peers, minimizing freshwater consumption. In 2024, CNX continued to upgrade and expand its water infrastructure—further reducing the need to transport water via truck in local communities and diversifying freshwater sources to lessen CNX's impact on local water resources. Community and Workforce: Tangible and Local Investments – CNX has a unique commitment to local communities. CNX employees roll up their sleeves and tackle the toughest of issues: Community Engagement – Transparency, Dialogue, and Active Listening: At its core, Radical Transparency is about open-sourcing environmental data. But Radical Transparency also encompasses CNX's openness with stakeholders and local communities, always welcoming questions and seeking feedback. Through a combination of data-driven efforts and community open houses for local residents to directly interact with CNX employees, CNX is learning more about its communities' needs and adapting operations to best fit each operating area's unique characteristics. Community Investments: In 2024, work in Westmoreland County and the Alle-Kiski Valley came into focus as activity shifted to that area. Importantly, the $20 million Kiski Water Line project was completed in June and is better serving CNX's local operations while delivering water resource options for area residents. The water line significantly reduces water trucking and subsequently community impact. The 20" line is expected to serve as the primary alternative to water purchased from the Municipal Authority of Westmoreland County (MAWC) during voluntary or mandatory water conservation this growing operational footprint, CNX opened an office in North Apollo, southern Armstrong County, providing access for residents, local businesses, and landowners to the CNX team. With the acquisition of Apex Energy's upstream and midstream assets, this office serves as a central location for new landowners, community members, and other stakeholders in what CNX refers to as its CPA operating to CNX's southern operating area, a new regional headquarters was established in Richlands, Virginia. Serving as the epicenter of CNX mine methane capture operations, the expanded presence enhances CNX's unique opportunities to help meet rapidly expanding energy demand, advance energy security, and create significant new investment and jobs in local communities. Words in Action: Since 2022, CNX's Board has approved an aggregate amount of $5.5 million reduction in CEO pay, including a $1.5 million reduction approved in 2025 to support the expansion of the efforts of the CNX Foundation and its flagship initiative, the CNX Mentorship Academy. Mentorship Academy: Student participation in the CNX Mentorship Academy—now entering its fifth year—increased 44 percent, with 122 students enrolled. The Mentorship Academy includes underserved students representing 28 schools/school districts. More than half of 2024 Mentorship Academy graduates secured full-time employment in a target industry, or a coveted paid internship exclusive to Mentorship Academy graduates in healthcare, building trades, corporate support, or the Short Service Employee Internship in Energy. CNX Foundation: In 2024, CNX Foundation contributed $3.7 million through 144 initiatives aligned with its Tangible, Impactful, Local focus on community support. These efforts are part of CNX's pledge to invest in local initiatives supporting underserved communities within its operational footprint. CNX Foundation principles are also embodied by employees, who volunteered over 3,500 hours in 2024. The Headquarters at CNX: In 2024, three new tenants joined the Headquarters at CNX, bringing capacity to 92 percent and providing workspace to 29 total tenants. The Headquarters at CNX provides world-class workspace at its corporate office to small businesses, including minority- and women-owned businesses, educational institutions, and non-profit organizations, emphasizing support for the same Tangible, Impactful, Local causes in which the CNX Foundation invests. "CNX is defined by a commitment to transparency and a Tangible, Impactful, Local approach to our sustainable business model," CNX Senior Vice President of Compliance and Reporting Hayley Scott said. "By now providing real-time updates to our comprehensive website and quarterly ESG Performance Scorecard, we are delivering insights to our communities, employees, owners, and all stakeholders about the way that we responsibly operate our business and invest in our communities on a day-to-day basis." CNX's ESG Performance Scorecard has limited assurance procedures performed by Keramida, Inc., a WBE-certified global sustainability and EHS services firm, for 2024 and 2023 Scope 1 and 2 GHG emissions, air emissions, water, and waste data, while CNX's Internal Audit team has reviewed additional ESG performance metrics, ensuring data integrity. The next quarterly ESG Performance Scorecard update is anticipated for release in August, which will follow the company's release of its financial and operational results for the second quarter of 2025. CNX remains committed to leading the industry with Tangible, Impactful, and Locally focused initiatives, and this new reporting cadence reinforces that commitment through unmatched transparency and accountability. About CNX Resources Corporation CNX Resources Corporation (NYSE: CNX) is unique. We are a premier, ultra-low carbon intensive natural gas development, production, midstream, and technology company centered in Appalachia, one of the most energy abundant regions in the world. With the benefit of a 161-year regional legacy, substantial asset base, leading core operational competencies, technology development and innovation, and astute capital allocation methodologies, we responsibly develop our resources and deploy free cash flow to create long-term per share value for our shareholders, employees, and the communities where we operate. As of December 31, 2024, CNX had 8.54 trillion cubic feet equivalent of proved natural gas reserves. The company is a member of the Standard & Poor's Midcap 400 Index. Additional information is available at View original content to download multimedia: SOURCE CNX Resources Corporation Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
24-04-2025
- Business
- Yahoo
Oil Stock Could Soon Rebound After Post-Earnings Dip
Oil stock CNX Resources Corp (NYSE:CNX) is down 4.1% at $29.34 at last glance, after the company reported a first-quarter earnings beat but lower-than-expected revenue. There is still support below at the $280 level, however, as well as a historically bullish trendline. The shares are within one standard deviation of their 260-day moving average, a trendline that, per Senior Quantitative Analyst Rocky White, CNX has encountered for the first time in at least eight of the last 10 trading days, after spending at least 75% of the last six months above it. Within these parameters, three other signals occurred in the past three years. CNX was higher one month later 100% of the time after these events, averaging a 10.6% gain. Plus, short interest represents 19.1% of the stock's available float, or over nine days' worth of pent-up buying power. Any upgrades could provide tailwinds as well, as 13 of the 14 analysts in coverage carry a "hold" or worse rating. Sign in to access your portfolio
Yahoo
24-04-2025
- Business
- Yahoo
Is CNX Resources (CNX) the Top Oil & Gas E&P Stock Outperforming Despite Sinking Oil Prices?
We recently published a list of . In this article, we are going to take a look at where CNX Resources Corporation (NYSE:CNX) stands against other top oil & gas E&P stocks outperforming despite sinking oil prices. Oil prices have crashed by as much as 8.5% since the start of this month as Donald Trump reignites the tariff war. At one point, it was down as much as 18%! The broader market, as well as investors, have come to terms with a harsh reality: the tariffs are here to stay! Inflation resulting from these tariffs threatens to send the country's economy into recession, and global oil demand is reacting accordingly. The oil prices continue to tumble, threatening the future of some of the major oil producers of the world. Amid this uncertain environment, some oil and gas stocks are outperforming the market. We decided to take a look at these stocks to find gems that can help retail investors outperform the market in these tough times. To come up with our list of the top 10 oil & gas stocks outperforming despite sinking oil prices, we looked at the oil & gas exploration and production industry, considering only the stocks with a market cap between $2 billion and $10 billion. A long line of heavy-duty trucks transporting natural gas across a rural highway. CNX Resources Corporation (NYSE:CNX) operates as an independent natural gas and midstream company. The company develops, explores, produces, and acquires natural gas properties in the Appalachian Basin. It operates through Coalbed Methane (CBM) and Shale segments. CNX Resources (NYSE:CNX) recently received an upgrade from Underperform to Market Perform from Raymond James on the basis of its bullish natural gas outlook. Analysts believe that the company is likely to benefit from the rising industry trend, though its peers could arguably perform better. CNX Resources (NYSE:CNX) missed estimates in the recent quarter on both revenue and EPS. Despite the miss, strong cash flow generation from its New Technologies segment and cost reduction efforts impressed investors. As per the company's 2025 outlook, management plans to maintain 2025 production volumes steady. However, if market prices improve, they have the flexibility to boost activity in the second half of the year. The detailed 2025 guidance regarding production targets and capital allocation is expected in the next quarter. Overall, CNX ranks 9th on our list of top oil & gas E&P stocks outperforming despite sinking oil prices. While we acknowledge the potential of CNX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that has gone up since the beginning of 2025, while popular AI stocks have lost around 25%. If you are looking for an AI stock that is more promising than CNX but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
